Well, 2016 is almost over, and it has been an Absolutely Crazy Busy Year...
I simply want to take a moment to say THANK YOU to ALL my wonderful clients....I cannot express how much I appreciate your support, your referrals and your recommendations of my services to others throughout the year(s). As well, another great big THANK YOU to all the realtors, lenders, appraisers, lawyers and notaries that I work with on a regular basis...
I was going to resort to a "recap" of the year in review for my annual Christmas message, just like many people do...,
BUT instead of boring you, I thought I would just share the most famous "Christmas Wish" of all...
So Merry Christmas EVERYONE, and a Happy New Year too!
Steve Martin's 1986 Holiday Wishes from Saturday Night Live...
Hey, in case you missed it....Parks Canada is giving away FREE 2017 Park Passes to celebrate our 150th Anniversary....Link and details below....
Free admission in 2017
Parks Canada is inviting Canadians and visitors from around the world to celebrate Canada’s 150th anniversary at our national treasures from coast to coast to coast.
To mark this special year, we’re offering free admission to all Parks Canada locations, and we want you to join us for the celebration.
2017 Discovery Pass
Your Parks Canada Discovery Pass provides free admission for the entire year to Parks Canada places from coast to coast to coast!
Order your pass!
What is free?
See the full list of Parks Canada places.
What is not free? Parks Canada is pleased to offer free admission to our places, however, regular fees still apply for other experiences and services, such as:
Follow the link below to get your pass.....
I am proud to be sponsoring the "Rising Star" award this Saturday @ the Armstrong Spallumcheen Business Awards.
Also very surprised & honoured to be nominated for "Micro Business" of the year...I have the BEST CLIENTS EVER...Thank you!
Should be a Fun Night!
Here is Vernon Morning Star article listing all Awards & Nominees..
Armstrong chamber reveals finalists
The winners will be announced Saturday at the Vintage Vegas ceremony in the Centennial Theatre, followed by an evening of fun and networking in Centennial Hall.
“We will be recognizing local businesses and community members that have demonstrated a pursuit for excellence in service and innovation,” said Fran Stecyk, chamber of commerce president.
“The awards also promote responsible leadership, mentoring and volunteerism within the community.”
The nominees are:
Chris Heidt – Tekamar Mortgages Rising Star Award: Armstrong Fitbody Bootcamp; Crunchtime Market; Fortune Creek Pharmacy; The Station Diner; The Twisted Purl Yarn Studio.
VantageOne Credit Union Micro Business of the Year: Chocoliro Finest Chocolate; Chris Heidt – Tekamar Mortgages; Monashee Outdoors: Patti Wood Nucerity; Sea Stars Kids Boutique; The Maples B&B; Westwood Custom Windows & Doors.
Blackwell Building Movers Small Business of the Year: Armstrong Fitbody Bootcamp; Armstrong Flower & Gift Shop; Dr. Preethi Trussell; Senad Sijercic – Notary; Silhouette Fashion Boutique; Spall Storage Centre; The Brown Derby Café; Your Dollar Store With More (Armstrong).
Community Futures North Okanagan Mid-Size Business of the Year: Anchor Inn; Armstrong Inn Liquor Store; Armstrong Veterinary Clinic; Fortune Creek Pharmacy; The Station Diner.
Hub International Barton Insurance Corporate Business of the Year: Askew’s Foods; Country West Supply; Rapid-Span Structures Ltd.; Snowcap Interior Food; Valley First Credit Union.
Shepherds Home Hardware and Outdoor Living Centre Employee of the Year: Cindy Masters (Kindale Developmental Association); Janet Gillis (PVSS); Noel Fiessel (Spall Storage); Marlene Boone (Shepherds Home Hardware); Haley Driedigers (The Station Diner); Cindy Sims (The Red Apple).
Hytec – A Division of Kohler Revitalization & Innovation Award: A&W Restaurant; Armstrong Inn Liquor Store; Fieldstone Organics; The Maples B&B; The Twisted Purl Yarn Studio.
Township of Spallumcheen Hospitality and Tourism Award: Caravan Farm Theatre; Chocoliro Finest Chocolate; Blue Hill Lavender; Fieldstone Organics; The Anchor Inn; The Brown Derby Café.
Okanagan Restoration Services Organization of the Year:Armstrong Spallumcheen Museum & Art Gallery; Armstrong Spallumcheen Trails Society; SPARC; The Bargain Bin; The Royal Canadian Legion Branch #35.
City of Armstrong Volunteer of the Year: Tayana Simpson; Jean Miskiman; Susan Wilson.
“These awards are an opportunity for the community to come together and celebrate the dynamic and diverse group of people who make an important contribution to the quality of life Armstrong and Spallumcheen,” said Patti Noonan, chamber executive director.
“We are very pleased with the record number of overall entries this year, as well as the variety of businesses and the thought put into many of the submissions.”
In addition to a trophy designed by Final Touch, each winner will receive a gift basket sponsored by Edge of the Earth Vineyard, Bella Stella Cheese, Terroir Cheese and the Village Cheese Co.
Door for the event open at 6 p.m. before the show begins at 7 p.m. featuring emcees Sean Newton and Phil Hughes.
A limited number of tickets for the gala are $25 per person available by calling 546-8155 or showing up in person at the Armstrong Spallumcheen Chamber of Commerce, 3550 Bridge St.
Here is a simple table outlining how the NEW 10% Down Payment rules will be implemented for purchases exceeding $500,000. This should help realtors and purchasers set appropriate closing dates to avoid the additional down payment requirements as much as possible.
Any questions please don't hesitate to contact me!
Isn't it wonderful when your bank suggests and offers you a large "unsecured" Line Of Credit?
Doesn't it feel great being approved for $10,000 to $30,000 to use anyway you wish, no longer having to run to your bank each time you need to borrow a few thousand dollars? Now you can just write a cheque and it will go against your Line Of Credit, and you ONLY HAVE TO PAY THE INTEREST each month...How great is that?
Well, it is NOT GREAT when it comes time to applying and qualifying for a mortgage, as Federal lending guidelines (CMHC) stipulate that ALL mortgage lenders must use a minimum of 3% of the outstanding balance of your unsecured Lines Of Credit, Credit Cards etc
So lets say you have used up that $30,000 Line Of Credit your bank so kindly provided to you, and you get by comfortably because you only have to pay the "interest" each month (approx $175 per month assuming a 7% interest rate) EXCEPT....that actually equates to a $900 per month payment that MUST BE USED when getting approved for a mortgage!
So that $725 per month difference between what you actually have to pay on your Line Of Credit each month, and what we as mortgage lenders must use when qualifying you for a mortgage actually reduces the mortgage you might qualify for by approx. $150,000.00 !!!! (assuming 25 year amortization and 2.99% mortgage rate)
So, when your bank suggests that you should have a large Unsecured Line Of Credit please say "NO THANK YOU!" , especially if you have ANY plans to buy a home, or
A Line Of Credit is an "anchor" product...it keeps you the client chained to that financial institution. Statistics show that the majority of people simply make the minimum payments each month on a lines of credit, which provides the bank with a steady stream of interest income each month. When your bank approves you for that "Unsecured Line Of Credit" they will caBeing considered a When you get approved for that Line Of Credit banks can qualify you because as Canadians we are an honest bunch and rarely default on our debts
With 27 years of direct mortgage lending experience, first with a major bank, then a local credit union and now as a Mortgage Broker, I have arranged mortgages on almost every type of property imaginable....even a 50+ ft fishing trawler!!