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Is your retirement plan enough?

The typical Canadian ?? retirement plan is
1. Buy a house
2. Take 25 yrs to pay if off
3. Live in a mortgage-free house

? …. BUT is it truly enough for you??? 

??‍♀️ The solution may potentially be to buy an investment property!

Join me in my webinar on : Jul 28, 2020 06:30 PM Eastern Time (US and Canada)

Topic: Learn how my clients are: Paying off their mortgage in 10 years! Paying for their children’s education in full! Building additional wealth for retirement!

Register in advance for this webinar:

After registering, you will receive a confirmation email containing information about joining the webinar.

Are you aware of the mortgage rule changes from July 1st?

These changes will impact you if you are planning to become a home owner in the next 3 to 4 months these changes may impact your buying power by as much as 12%.

Get in touch with me now through https://sylviaho.ca/bookme/ all it takes is a 15 minute call so act now!

Mortgage rules changes ? and renting for life! Why acting now will save you money!! ?

Posted by Sylvia Ho Mortgages on Tuesday, June 9, 2020

It all starts with 1 property

Retire with wealth by building a real estate empire. I started myself when I was fresh out of college through the guidance of my mother.

Get in touch with me and you too can start to build your own empire, there is no such things being 100% ready so start today.

Want to retire with passive money ? income?

Paying more than you should in property taxes?!

If you are paying your property taxes and mortgage in one payment chances are you are paying more than you should.

It sounds convenient to pay one bill instead of two because it’s one less bill to worry about but unbundling these payments opens the opportunity to save money.

Property taxes… are you possibly paying more on your property taxes than you need to???? ???? Here is a solution to pay exactly what you owe each year! ?

Posted by Sylvia Grace Ho on Tuesday, July 7, 2020

If you are unsure about your property taxes use this link to book some time for us to chat.

Avoid paying additional property taxes and use the extra money to make more money!

Love-19 Giveaway with East York Councillor Brad Bradford

The first Love-19 draw!! Love-19 is all about supporting local East York businesses. I am also super excited to have Councillor Brad Bradford join us today as well. He is a huge supporter of local businesses!

To enter the WEEKLY! draw, click here: https://sylvia.love-19.com/

Happy to announce our upcoming weekly draws:

1. Pure Balloon $50
2. Danforth East Wellness $50
3. The Kingston Social House $50
4. Rob’s Good Food Bakery & Food Shop $50

Love-19 Challenge to Support Small Businesses During Covid-19

Let’s show 19 local businesses some love when they need it.

I am super excited to support local businesses!

Check out my video to enter for a free GIVEAWAY by clicking here.

I am looking for local businesses to support so, if you are a small business owner or know of a local small business that has been affected by COVID, please nominate them by clicking here: https://sylvia.love-19.com/

We are giving away 19 gift cards to support local businesses hit by COVID-19.

Ten tips to get the best rate at renewal.

1.      Do not leave it until the last minute! Shop around early! Many lenders will send out renewal notices three weeks before the renewal date and does not give you enough time to shop around. Typically, you can shop around 120 days prior to your renewal date. i.e., Sept 29, 2020, you can start on May 29, 2020. 

2.      Must have a good credit rating! When is the last time you checked your credit? You must have good credit. Make sure you pay your credit cards and debts on time. Even if it is just $1 owing… you MUST pay it on time. It does not matter about the amount, but it is the action of paying ON TIME. 

3.      Must have a job! You must have a job that qualifies for your mortgage. 

4.      Be Educated when making a decision! The lowest rate may not be the best product for you! There are many products being advertised out there. When something is too good to be true, be aware. Many restrictive products out there.

5.      Equity in your homes gets you a better rate! This is also known: Equity or Loan to Value (LTV). Say the value of your home is $500,000. If your mortgage is at $300k, your LTV is at 300/500=60%. If your LTV or mortgage to value is under 65%, you can work with wholesale mortgage companies and get even better rates.

6.      Consider working with Wholesale mortgage companies! Wholesale mortgage companies are also known as Monolines or CFLs (Canadian Financial Lending). They typically do not deal with the general public and only deal directly with mortgage agents. They are direct competitors with the big five banks and offer “more” for clients.

7.      Work with a professional mortgage shopper! Also known as a mortgage agent or mortgage broker. I have access to over 25 different lenders. I shop around for you and find you the best deals. My services are FREE as the lenders pay me.

8.      Do not be scared to switch lenders!  This is how you can save money! It takes a bit of work, but it is worth it! I know it is easy to stay with the same lender, but you can be leaving thousands and thousands of dollars on the table. 

9.      Understand your costs! Typically, the new lender will pick up the costs for legal and appraisal and discharge fees. Some lenders will not. So, ask and be educated.

10.   Trust your instinct! Work with people you trust. Listen to your gut feelings.  

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Live Debt Free - Sylvia Ho Mortgages (2)

Keeping Real Estate Long Term in Building Wealth Through Real Estate

Everybody has different opinions on how to build wealth through real estate.

For me, it’s keeping the property long-term. I don’t like to flip properties because that means I’m going to be timing the market. That’s not my area of expertise. If I knew how to time the market and I could predict the future, I rather predict the lotto six 49 numbers. Building wealth through real estate is all about keeping buying the property and holding it for long-term.

If you have any questions about building wealth through real estate connect with me for a free call.

Chat with Sylvia

She's Happy to Help

Click the Button to Book a Call

Milk Cow vs Meat Cow – Monthly Positive/Negative Cashflow

In step three of my live debt-free program, I teach Canadian families how to build wealth through real estate.

In this blog, I'm going to talk to you about knowing your numbers. You must understand the numbers when you purchase a place and when you rent it out.

There are two types of numbers. There are two types of cows. This is an analogy that I take two types of cows.

The first cow is a milk cow.

The second cow is a meat cow.

What kind of cow do you want?

A milk cow is a property that gives you monthly positive cash flow.

A meat cow could give you negative cash flow, but you basically keep it longterm, fatten up the property, and then sell it.

Make sure you know your numbers. If you have any questions about building wealth through real estate, go to https://sylviaho.ca/.

Chat with Sylvia

She's Happy To Help

Click the Button to Book a Call

Mortgage Setup
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