Real Estate Word -- The Mortgage Market Maze July 2019   

 
When arranging a mortgage, it’s important to thoroughly explore all of your options. This month’s article discusses some critical factors you should consider when shopping around for financing.

There are also some tips on how to take care of your hardwood floors as well as a few frozen DIY summer dog treats that Fido will love!

Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general. It'd be great to hear from you!

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In this issue...
The Mortgage Market Maze 
Buying a home is the biggest purchase you’ll ever make!

Arranging a mortgage is a huge financial decision, so it’s important to be organized and do plenty of research before you sign on the dotted line. Here are a few points to consider:

  1. Know Your Numbers - A budget will provide confidence and peace of mind, so examine your finances to determine exactly what you can afford.


  2. Lock it Down - Many banks are able to place a hold on interest rates to protect you in case they rise while you’re out house hunting.


  3. Consider This - Interest rates are important but there are other considerations such as the type of mortgage (fixed/variable or open/closed) as well as the loan's duration.

  4. Get With the Program - Homebuyer programs are a great way to get into the market but they often require a bit of proactive planning so seek professional advice early on.


  5. Seal of Approval - A mortgage pre-approval can prevent you from losing out on your dream home as you'll be in a much stronger negotiating position.


  6. Do the Math - Current homeowners can also take advantage of mortgage refinancing options as even a slight adjustment to your terms can amount to huge savings!

While it’s important to shop around for the best terms, you should also draw up a proper budget and understand the risks of the current and future market. It can sometimes be a little overwhelming so please get in touch if you ever have any questions.

Hard Times for Hardwood Floors 
Hardwood floors look beautiful, but they can take a real beating!

It can be a hard knock life for hardwood floors as general wear and tear slowly destroys their natural beauty. Here are a few common issues to be aware of:

  1. Smooth Move - Place felt pads underneath chairs and furniture to avoid scratches
.

  2. Mop to It - Mop up spills immediately as they can warp the wood and cause it to swell.


  3. Pet Peeves - Be sure to regularly trim your dog's nails as their long, sharp claws can cause serious damage.


  4. Sticks & Stones - Grit acts like sandpaper, so place rugs by the doors and vacuum thoroughly with a brush attachment before washing.

Prevention is key to maintaining the beauty of your hardwood floors. Many cleaners will actually ruin your finish so make sure you use the right solution and that you also keep your home at the ideal humidity level of around 55%.

Beat the Heat with Frozen Treats 
Treat your pup to a frozen treat during the dog days of summer!

Most dogs love treats, but on a hot summer day, a homemade frozen treat will also help them keep their cool. Here are a few simple, icy cold DIY treat ideas:

  1. Chicken Pupsicles - Freeze some chicken or beef broth in ice cube trays.


  2. Ice Dreams - Place a mixture of yogurt and blueberries in a muffin tray and freeze.


  3. King Kong - Blend some banana and peanut butter in a kong and throw it in the freezer.

Dogs can easily get overheated during the hot summer months so it’s important to keep them cool by not overexerting them and making sure they always have lots of water. A few frozen treats will be the icing on the cake!



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Not meant to solicit clients already under contract.