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Your Trusted Mortgage Advisors

5 ways to improve mortgage qualifying success

Yes new mortgage rules have made it harder to qualify for a mortgage, whether you are a first-time buyer or looking to renew or refinance your mortgage with a new lender. That’s why you should get yourself mortgage ready well in advance. Here are 5 tips to help you do just that:

  1. Get your Credit Report. Getting a copy of your credit report will let you know how you will be viewed by lenders. You can order yours for free through the mail or for a small fee online at www.equifax.ca as well as www.transunion.ca If you spot a problem, call us for assistance to resolve the issue.
  2. Polish your Credit.You can boost your score by several points fairly quickly with continual good credit habits. Most importantly, pay your bills on time, every time. Don’t let your credit accounts exceed 50% of the credit available. Before you cancel any credit cards, get advice. And don’t apply for a store card just to save on your purchase that day. Make a habit of checking your credit score each year, and watch how those good credit habits push your credit score skywards!
  3. Cash is King. Plan to go into homeownership with the maximum downpayment possible. If you are in the "saving up" stage of preparing for homeownership, now is the time to meet. There are several downpayment savings strategies available that we can put to work for you.
  4. Get a boost from Family. Parents and grandparents have enjoyed the personal and financial benefits of home ownership themselves, and see how hard it is today to make that important first step into the market. Check to see if they are willing to help by gifting or loaning some or all of the downpayment, or by helping you with other debts.We can help you be fully prepared to get you where you want to go, and to make sure you can take advantage of any opportunities that come your way.
  5. Start a Dialogue early. Get in touch early to talk about your purchase, refinance or renewal plans. We can help you be fully prepared to get you where you want to go, and to make sure you can take advantage of any opportunities that come your way.

Also remember,history has proven that it is almost impossible to perfectly time the market.Home ownership has proven to be a very solid investment over the long term, so focus on buying a home when you are financially ready and when it fits your lifestyle.

Troy Resvick, MBI

Managing Partner / Senior Mortgage Advisor

Invis - Resvick & Associates Mortgage Advisors

T: 604.532.8769 ext. 1

How To Stage A House For Sale
September 25, 2019 @ 1:08 PM by: Resvick & Associates

It's time to sell your house, and you know you need to stage it for sale, but you're not sure how. This step-by-step guide will help you successfully prepare your house for the market, from fixing necessary repairs to cleaning hidden messes.

 

It's Sad To Say Goodbye, But It's Time To Modify Your Home

Staging a house is all about one thing: making your home inviting to potential buyers. Buyers want to feel like they could live in your home. You don't want anything to throw them off such a path, like seeing too many of your own things, damage to walls and furnishings, or general untidiness.

Start With A Purge

Clutter makes a home uninviting, so open your space by removing as many of the extras from your house as possible. Start with the junk that can be tossed in the dumpster, recycled, or donated. Get it out of the house so you can focus your attention on more important jobs. Organize your rooms and closets; then consider taking anything else you don't need to a storage unit.

Don't Forget the Small Repairs

After getting your clutter out of the way, it's time to take care of all the little repairs that have gone unchecked. Years of living can lead to undesirable grime, dust, and deferred maintenance.

Do a thorough investigation of your house. You'll need to fix holes in the wall, no matter the size. Check for broken glass, mirrors, and lightbulbs, then replace as necessary. Look at sinks, bathtubs, showers, and toilets for any leaks, stains, or cracks, which will need to be cleaned and sealed. When it's all clear, splash your walls with a fresh coat of neutral paint.

It's Time For A Deep Clean

The next step is to clean your house from top to bottom. Get out the disinfectant sprays, wash rags, and purifiers to sanitize the house. You want your home to be presentable to buyers in all facets, so leave no stone unturned.

Perfect Presentation

Now that you've gotten all the potential defects out of the way, it's time to show off what you have to offer. Success is all in the details. A well-staged house will leave plenty of welcoming space, excellent lighting, and limited furnishings. Most homes won't sell in a day, so it's important to keep things fresh as you go. Stay on top of new messes and necessary repairs.

Curb Appeal

You will want to make a great first impression with a nicely curated lawn, a fresh coat of outer paint, and a lovely garden if possible. Finally, you will need to power wash the driveway, walkway, and windows. Taking care of the outside of your home will give your house a great first impression on potential buyers.

Preparing your house for potential home buyers is more than just sticking a price tag on a sign and calling it a day. People looking for a new home will want to know that it not only worked for you but that it will work for them as well. Following these tips will get you on the path to success.

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