Mortgages With Kerry

06/21/2024

05/18/2024

Beauty day for a fair!

05/08/2024

Is your mortgage coming up for renewal this year or in 2025? Do you know about all the incredible options renewing your mortgage can afford you? If not, I have all the details here on how to make the most of your renewal!

Get a Better Rate: Did you know that when you receive notice that your mortgage is coming up for renewal, it's the best time to shop around for a more favourable interest rate? At renewal time, it's easy to explore other lenders for a preferable interest rate without breaking your mortgage. With interest rates expected to start coming down next month, reaching out and exploring the market could potentially save you a significant amount of money!

Consolidate Debt: Renewal time is also an excellent opportunity to assess your existing debt and decide whether consolidating it into your mortgage is beneficial. Whether it's holiday credit card debt, car loans, education loans, or other debts, consolidating your mortgage streamlines your payments into one, potentially at a lower interest rate compared to other sources.

Invest in Renovations: Do you have home improvement projects waiting to be tackled? Renewal time provides a great opportunity to tap into your home equity for renovations, whether it's your dream kitchen, bathroom upgrades, or even investing in a vacation property. Utilizing your equity can bring your renovation dreams to life.

Adjust Your Mortgage Product: Not satisfied with your current mortgage product? Whether it's fluctuations in variable rates or seeking a different payment or amortization schedule, renewal time allows you to switch things up. You can lock in a fixed rate for stability or opt for a variable rate if you anticipate changes in interest rates. Adjusting your mortgage product can align it better with your financial goals.

Whether you're considering changes to your mortgage or simply want to explore your options, if your mortgage is coming up for renewal, don't hesitate to reach out to me! I'm here to discuss your situation, review potential changes, and help you make decisions that support your financial goals. Let's work together to ensure your future financial success.

04/18/2024

Another fun mixer with the WestShore Chamber of Commerce - great people - lovely surroundings- met a few fellow brits and got into the footy rivalry which is always fun 😃 Pedder Bay RV Resort & Marina

04/17/2024

Great morning - learning more about reverse mortgages! Great product for many reasons. If you own your home and would like to release some of those funds for things such as travelling, enjoying retirement with a little more financial freedom or helping your children/grandchildren get into the market this is a great option. Contact me for more info [email protected] or call at 250-896-9706

04/12/2024

When it comes to divorce or separation, some individuals will want to stay in their existing homes. This is where the Spousal
Buy-Out Program comes in. Backed by Canada Mortgage and
Housing Corporation, Sagen™ and Canada Guaranty, this program allows one party to refinance the shared home up to 95 percent of its appraised value. To qualify, both you and your ex-partner must currently be on the deed to the property. As a one-time opportunity, the Spousal Buy-Out Program can also be used to pay off other debts outside the separation agreement, further assisting with the transition.

If you are currently going through a divorce and are hoping to remain in your family home, or want to discuss how
this impacts your mortgage, please don’t hesitate to reach out.

Kerry Grogan - Select Mortgage - 250-896-9706 - [email protected]

04/10/2024

Maximizing your tax refund 💸 is an excellent opportunity to boost your financial health! Here are 4 savvy ways Canadians can make the most of their tax return:

1. Pay Down Debt 📉: Allocate a portion of your tax refund towards paying off high-interest debts, such as credit cards or loans. By reducing your debt load, you’ll save on interest payments over time, freeing up more funds for other financial goals. For instance, using your refund to pay down a credit card balance or make a lump sum payment on your mortgage💰

2. Invest in RRSP or TFSA 💼: Consider contributing to a Registered Retirement Savings Plan (RRSP) or a Tax-Free Savings Account (TFSA) with your tax refund. Both options offer tax advantages and can help grow your wealth over the long term. Contributing to an RRSP can lower your taxable income, potentially resulting in a larger tax refund next year, while a TFSA allows your investments to grow tax-free, providing flexibility for future financial needs.

3. Build an Emergency Fund 🛡️: Use a portion of your tax refund to establish or bolster your emergency fund. Aim to set aside enough to cover three to six months’ worth of living expenses. Having an emergency fund provides a financial safety net, protecting you from unexpected expenses without relying on credit cards or loans, which can lead to further debt accumulation.

4. Save for a Long-Term Goal 🏡: Utilize your tax refund to save for a significant milestone, such as purchasing your first home. Consider contributing to a First-Time Home Buyers’ Savings Account (FHSA), which allows you to save for a down payment on your first home while making tax-deductible contributions.

Make the most of your tax refund by strategically allocating it towards these key financial priorities. Your future self will thank you! 💰

04/10/2024

Bank of Canada holds rate for a 6th consecutive time at 5% but states things are moving in the right direction.

03/26/2024

Great morning meet up with the WestShore Chamber of Commerce so many great people doing wonderful things in our community! Thankyou to the Extreme Outreach Society for hosting - Love the work your doing !

03/05/2024

Come show your support at the elevate dance company showcase. Im especially excited for this event as my daughter Layla will be performing. 🩰❤️🩰

🤩🎉💗EDC Dance Company Spotlight Showcase Tickets - On sale NOW! 🎟️

Don't miss out on the chance to witness the magic of dance at the EDC Dance Company Spotlight Showcase!

Tickets are now available for an afternoon filled with captivating solos, dynamic duets, mesmerizing small group performances, and stunning company pieces.

From contemporary to hip-hop, ballet to jazz, and everything in between, this showcase features a diverse array of styles performed by dancers of all ages.

Elevate Dance Centre Company Spotlight Showcase
March 17, 2024 @2:30 pm
Dave Dunnet Community Theatre

Get your tickets by following this link:
➡️ https://bit.ly/edcshowcasetix

03/01/2024

March is fraud awareness and protection month. Information is power!