Christine Buemann Mortgage Broker

One of the most common complaints from my clients is the lack of inventory for homes in our area. One possible solution for those who can't find exactly what they are looking for in a home, is to use the purchase plus improvements program.  Genworth  has put together a list of which improvements will result in the highest value increase. Here is are their suggestions: CREATING AN IN-LAW SUITE  Adding an extra suite could take a big bite out of home ownership expenses. You can share your home with a parent or with another co-buyer while maintaining privacy for each household. Convenience. Value. A suite adds both! RENOVATING THE KITCHEN  The kitchen is the heart of the home, and the most important room relating to valuation. Fresh cabinetry (if it’s in good condition, consider re-facing rather than replacing) and efficient lighting will improve daily life and property value. RENEWING THE BATHROOM  Another important room in terms of valuation, the bath is everyone’s fa

Did you know that we can refinance up to 95% in order to remove someone from title?  Not only are we seeing more separations than ever, we are also seeing more co-signing required from family. This means that we needed a simple and useful too for removing one person from title, without being limited to the 80% refinance rule . Here is what you will need: A purchase agreement confirming the current value Current mortgage statement A legally binding agreement by the two parties detailing the buyout For more information on this or if you have any questions or concerns - please feel free to contact me. www.christinebuemann.ca 

This last year has seen a significant increase in property values in our area. One common scenario we are seeing is for people to pull out equity from their current properties in order to purchase a new home and keep their current home as a rental.  The most important part of this is to refinance their current property while it is still owner occupied. Adding a secured line of credit allows you to have the funds accessible for when you need them however you do not have to pay any interest at all until they are in use.  We have a great rate special on for refinances. Here are the details: Refinance up to 80% of the value of your current property  Must be income qualified with supporting documents up front Must close before January 31 If you (or someone you know) are considering this strategy, I'm happy to help you explore your options.  www.christinebuemann.ca