Real Estate Wealth Building

Monday November 18, 2024

18:00 - 19:30 GMT-5

Caivan Oakville Sales Centre
209 Oak Park Blvd Unit 6,
Oakville, ON L6H 7S8, Canada

  • 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”

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How To Purchase A Home With $0 Down Payment

Thursday November 14, 2024

06:00PM Onwards

13 Roybridge Gate #1Vaughan,
ON L4H 4E6 Canada

  • Real Estate Investor or Buying Real Estate - Know the difference! 
  • Getting the "Right Mortgage" as a First Time Buyer
  • Financial Planning Stratgy: How to Plan for your First Home 
  • Realtor Presepective on the "Right Property"
  • First Time Homebuyer Legal - What to Know!  

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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

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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

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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
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  • 132 Trafalgar Road Oakville,
    ON L6J 3G5
  • pam@whatthefinancial.ca
  • +1 437-876-3218
  • +1 647-998-0377
  • Mon - Fri: 10:00am - 8:00pm
    Sat - Sun: By Appointment Only.
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