Financial Foundations: Budgeting for Your First Home & Beyond
Saturday, May 31
1:00 PM - 4:00 PM EDT
Element Vaughan Southwest, Vaughan, Ontario
- Investor vs. Homebuyer – Know the Key Differences
- Securing the Right Mortgage as a First-Time Buyer
- Financial Planning for Your First Home
- Realtor's Perspective on Choosing the “Right Property”
Wine Tasting & Real Estate Learning for Smart investors
Saturday, May 24
10:30 AM - 6:00 PM EDT
81 Zenway Blvd #25, Vaughan, Ontario
- Investor vs. Homebuyer – Know the Key Differences
- Securing the Right Mortgage as a First-Time Buyer
- Financial Planning for Your First Home
- Realtor's Perspective on Choosing the “Right Property”
Previous Events
Real Estate Wealth Building
Saturday, March 15
11:00 AM - 2:00 PM EDT
TBC
- Investor vs. Homebuyer – Know the Key Differences
- Securing the Right Mortgage as a First-Time Buyer
- Financial Planning for Your First Home
- Realtor's Perspective on Choosing the “Right Property”
LUNCH & LEARN - SPANGLISH
Saturday, March 15
11:00 AM - 2:00 PM EDT
TBC
- Investor vs. Homebuyer – Know the Key Differences
- Securing the Right Mortgage as a First-Time Buyer
- Financial Planning for Your First Home
- Realtor's Perspective on Choosing the “Right Property”
Extensive presentation on the following topics :
Join us for a First Time Homebuyers Seminar where you’ll learn all the tips and tricks to make buying your first home a breeze!
- Overview What’s happening in the market
- Policy changes
- Who is a First Time Home Buyer ?
- How much do i need for a down payment as a FTHM
- Where do i save my money as my first Time home buyer?
- Mortgage Qualifications
- Highlight flex down program by Mericks
- How our program works
- Types of clients taking advantage of this product
- What you need to know
- LEGAL ASPECTS
Over view What’s happening in the market
Policy changes
- 30 year Ammortization
- interest rates
- 1.5 million option available with CMHC
Who is a first time Home Buyer ?
- Divorced, 4 years haven’t owned or resided in a home
Budget : how much do i need for a down payment as a FTHM
- 5% 500 k , 10% 1 million
where do i save my money as my first Time home buyer?
- FHSA vs TFSA vs RRSP
- under RRSP Highlight home buyers plan
Mortgage Qualifications
- Credit score, Banks accept 680 and higher - (highlight we offer credit reform)
- Income ( self employed vs employed )
- 2 T4, and two recent paystubs
- 2 years NOA, 2 yrs financials.
highlight flex down program by Mericks
How our program works:
- Allows clients that have not been able to save their DP to experience homeownership. The product allows the client to borrow the down payment from their own unsecured resources. Most commonly used is an unsecured LOC. Include 3% of the outstanding balance into the debt servicing of the deal. Borrow all or part for a down payment.
Types of clients taking advantage of this product:
- Easoned clients that do not want to redeem their investments.
- FTHB that haven't saved their full down payment and they do not have immediate family members that can help out by gifting the down payment.
What you need to know:
- 650 Beacon
- NO late payments
- Owner occupied, partially owner occupied, 2 unit max
- Guarantors to occupy the property
- No bonus to the rate
- Higher insurer premium
- 90-95% LTV
- Clients can also obtain a fixed loan, include the fixed loan repayment in the debt servicing
- On exception, clients can also include closing costs - 12-month repayment required
- Can combine this program with the Purchase Plus Improvement program
- Flex Down and Purchase Plus products are available to help your clients purchase their dream home and will also help you differentiate yourself from bank offers.
Legal Aspects
- Closing costs
- First Time home buyer rebate
Itinerary
9:00AM
Registration & Breakfast
- Coffee and refreshments
- Welcome and Introduction to event
10:00Am - 10:15Am
Wealth Mindset & Welcome:
- Raj Girn - (HOST) Founder of The Open Chest Confidence Academy
10:15Am - 10:35Am
Holistic Wealth 360
- Pam Malhotra - Wealth Consultant and Founder of WTF
10:35Am - 12:05Pm
The Great Wealth Transfer:
- Dr. Tom Deans - Intergenerational Wealth Keynote speaker
12:05Pm - 1:05Pm
Networking Lunch & Book Signing
- Lunch & Mingle
1:05Pm - 1:35Pm
Wealth Retention Experts: panel 1
- Moderated by Pam Malhotra
- Dr Tom Deans
- Ellery Oickle
- Preeya Cheema
- Vishal Gupta
1:35Pm - 2:05Pm
Wealth Retention Experts: panel 2
- Moderated by Pam Malhotra
- Amelie Beauregard
- Mark Taucar
- Ron Sally
- Patrick Gill
