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Household Budget Spreadsheet

Saving for a down payment or simply looking to track your monthly expenses? Try out this FREE Household Budget spreadsheet! If you have any question let me know! CIBC Mortgage Advisor – Tim Shwed 705-737-3302 866-247-1378 tim.shwed@cibc.com https://www.facebook.com/barrierealestatewatchtimshwed https://www.facebook.com/MortgageAdviceByTim...

Ontario Renovates Program – Secondary Suites

All you need to know regarding qualification. Program begins April 1, 2014 – March 31, 2015. Funding is limited and will be available on a first-come first-served basis. Download the fact sheet to learn about: 1 – Are you eligible to apply? 2 – Eligible projects. 3 – Program requirements. 4 – Ineligible projects. 5 – Funding. 6 – Loan forgiveness. 7 – Program defaults. 8 – How to get an application. Call me if you have any questions. Tim Shwed CIBC Mortgage Advisor/Builder Specialist 705-737-3302 http://www.timshwed.com https://www.facebook.com/pages/Barrie-Real-Estate-Watch/735865926457481...
Watch me on the Marilyn Denis Show!

Watch me on the Marilyn Denis Show!

Here is a quick summary of the segment: Return on Investment — Influencing Factors: Your home’s value relative to other homes in your neighborhood. A key consideration when looking at doing a renovation is understanding the value of your home which can help guide the decision on an ideal renovation investment amount. Is it in the lower, middle or upper value of homes within your neighbourhood? A home in the lower to middle value can see more return on investment than perhaps a home that’s in the higher value. The length of time you take to pay off the renovation financing. It’s in your best interest to pay off your renovation financing as quickly as you can to maximize your return on investment. The longer you take to pay off the debt, the more in interest you’ll be paying out which affects your overall return. Renovations such as replacing a furnace, installing new windows or a roof will improve heating/cooling efficiencies within your home that lead to monthly cost savings for you and adds to your overall return on investment. Financing your Renovation: When considering your options for financing your renovation, you’ll also want to consider how the costs will fit within your overall financial plan and have a clear approach for repaying the debt you incur along the way. With any renovation budget, it’s wise to keep a close eye on it – track your expenses to maximize on your investment. Draw on Savings If you are able to draw on savings to fund part or all of your renovation, it may be the best option. Be sure...
Pros and Cons of Real Estate Investment Trusts (REITs)

Pros and Cons of Real Estate Investment Trusts (REITs)

A Real Estate Investment Trust or REIT is a company that lets investors pool funds to invest in real estate. Here’s how to determine if a REIT is right for you. Pros: Earn ongoing dividend income (from rent) AND long-term capital gains (from rising property values). Unlike when you buy real property, you can buy into a REIT with only a few thousand dollars. Instead of putting all your money in one building, a REIT spreads your money over many buildings and markets. Earn income from rental properties without the hassles of tenants, evictions, etc. REITs provide diversification since they have different risk-return characteristics than stocks and bonds. REITs must pay out at least 90% of their income in dividends, so their dividends are generally higher. Cashing out of a REIT is as quick as selling your shares. Cons: Since only 10% of income goes back into the REIT, growth can be slow. Paying someone to manage the properties in your REIT eats into your profits. Like mutual funds, you don’t control the investment decisions of your REIT. If property values drop, your REIT may not make a profit or pay a...