SIX WAYS TO BOOST YOUR CREDIT SCORE

 

Six ways to boost your credit score:

 

Your credit score is essentially your passport to financial opportunities. With a possible range of 300 to 900, your number tells lenders what kind of a risk you are likely to be as a borrower. A low credit score can prevent you from getting the lowest mortgage rate, or even from getting a mortgage at all. That’s why it’s important to know the six credit behaviors that can keep your score high, or give it a boost!

 

Know what you’re working with. Get a copy of your report and see what your lender sees. Credit reports can be ordered for free through the mail or, for a small fee, online at www.equifax.ca


On time, all the time. The single biggest factor in your credit score is having a timely bill payment history. Start today with a commitment to never let a bill get past due.


Know your limits. Your credit score is based on your balances relative to your available credit. Look at your credit limits and try not to use more than half of the available amount.


A longer history is better. Don’t cancel your oldest credit card. In fact, get advice before you cancel any cards. A long steady history of using cards responsibly demonstrates trustworthiness.


Be selective. When you’re asked “would you like to apply for our Store Card to save $X dollars on your purchase?” Don’t do it. These pitches can be a credit pitfall. Regularly looking for more credit will flag you as a potential credit risk.


Keep it balanced. Creditors like to see that you can handle a wide variety of credit types.

I would be happy to review your situation. If you need to improve your score, I can outline your best options for credit improvement. If you want to get a mortgage while you work on bettering your score, I can also advise how that may be possible.

 

Financial Comfort & Joy

 

It’s tempting to overspend at this time of the year so take a quick assessment of your financial situation before you get started on your holiday shopping. It can help make sure you don’t suffer from “plastic shock” when your credit card bills arrive in January. Are you carrying too much credit card or other high interest debt? Are you struggling to keep up with your monthly obligations? If so, it might be worth having a conversation about streamlining your finances now, before the holidays are upon us. You may be able to take advantage of today’s great rates to consolidate your debts into a smart plan with sensible payments. If you are worried that your locked-in mortgage means your options are limited, I can do a quick review. There’s a good chance the savings each month will far outweigh any penalties. Give me a call. I love to help at this time of year. Financial comfort and joy: what a wonderful gift!

 

  Compliments of Lori Pollice Mortgage Agent 519-589-5437

 

 

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Bank of Canada Lowers Benchmark Rate

Lori Pollice
Mortgage Agent
519.589.5437

 

Bank of Canada lowers benchmark rate

The Bank of Canada announced today that it is lowering its key rate down to 0.50 per cent given faltering global growth, a lower outlook for Canadian growth and increased downside risks to inflation. The Bank notes that “additional monetary stimulus is required to help return the economy to full capacity and inflation sustainability to target.”

 

Great news if you’ve got a variable-rate mortgage, need a new mortgage, are renewing, or want to consolidate debt at the lowest cost funds. Get in touch today for help determining whether a fixed or variable-rate mortgage will work best for your situation.

 

The next rate-setting day is September 9th.

 

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

 

Terms Posted Rates Our Rates
6 MONTHS 3.14% 3.10%
1 YEAR 2.89% 2.29%
2 YEARS 2.84% 2.19%
3 YEARS 3.39% 2.34%
4 YEARS 3.89% 2.54%
5 YEARS 4.64% 2.59%
7 YEARS 5.30% 3.39%
10 YEARS 6.10% 3.84%

 

Rates are subject to change without notice. OAC E&OE

 

Prime Rate 2.85%
5 yr variable 2.20%

 

Crunch the numbers and explore different scenarios with our website calculators.

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1825 Huron Road Open House Today!

What a beautiful day! We'll be at 1825 Huron Rd today from 2 to 4pm!
Gorgeous day to tour the 6+ acres! Also the pool is OPEN!

Hope to see you out :)

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FIRST OPEN HOUSE 1825 Huron Road

FIRST OPEN HOUSE
Come out tomorrow, this is a property you have to see in person! Located just 15 minutes from Kitchener. Take a hike across the 6.64 acres of land! Beautiful and unique home, with incredible views every season.
March 23rd at 1825 Huron Road, Petersburg from 2 to 4pm! $994,900
 

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First Open House 27 Wycliffe Pl Kitchener

First Open House tomorrow Sunday March 8th at 27 Wycliffe Pl Kitchener from 2 to 4pm. Don't miss out!

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Open House this Sunday 2-4pm!

Open house this Sunday from 2 to 4pm at 15 Gerber Meadows Dr Wellesley $619,900. Don't miss out!

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First Open house at 15 Morningside Ci in New Hamburg!

Join us tomorrow, Sunday February 22nd from 2 to 4pm, for an open house at 15 Morningside Ci in New Hamburg.
We'll be serving hot tea and treats!
Hope to see you there!

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Valentines Day Open House! 15 Gerber Meadows

Happy Valentines Day!
We're having a special Valentines Day Open House this Sunday, February 15th from 2 to 4pm.
There will be treats, and we're handing out roses to all the women!
15 Gerber Meadows, Wellesley

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Open House Today at 15 Gerber Meadows!

Open House today Sunday January 18th from 2-4pm!

15 Gerber Meadows Wellesley

$619,900

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2014 summary

News Release
540 Riverbend Drive, Kitchener, Ontario, N2K 3S2
Telephone: 519-576-1400
Facsimile: 519-741-5364
Website: www.kwar.ca
Twitter: @KW_REALTORS
KITCHENER-WATERLOO HOME SALES FINISH STRONG IN 2014
KITCHENER-WATERLOO, ON (January 7, 2015) –– The end of 2014 brought with it a 7-year high for home sales in the Region with 6,564 residential sales processed through the Multiple Listing Service (MLS®) of the Kitchener-Waterloo Association of REALTORS® (KWAR), an increase of 3.0 percent compared to 2013.
Things got off to a sluggish start early in 2014, with sales lagging behind home sales in 2013 for the first five months of the year. However, home sales did ramp up again with a delayed spring market which took off in June of 2014. The year ended strong with 314 residential sales in December compared 283 the same time last year resulting in an 11.0 percent increase.
“With ice storms and polar vortexes in early 2014 the spring market started much later than usual but once it got going, home sales ramped up making last year one of the best on record” said Mark Wolle, President of the KWAR.
A total of 6,564 residential properties were sold compared to 6,371 at the end of 2013. Total residential sales in 2014 included 4,384 single detached homes (up 3.3% from 2013), 470 semi-detached (down 6.9%), 444 townhomes (up 11.3%) and 1,206 condominium units (up 4.7%).
“Hot markets like Toronto and Vancouver got everyone talking about housing bubbles this past year, but real estate is very local,” emphasizes President Wolle. “Locally, Waterloo Region remains a strong and stable housing market and a desirable place to live and invest.”
The dollar volume of sales in 2014 increased 7.2 percent over the previous year, totalling $2,207,485,532 surpassing the “2 billion” dollar mark for only the second time in the KWAR’s history.
The average sale price of all residential sales in 2014 increased 4.0 percent to $336,302 in comparison to 2013. Single detached homes sold for an average price of $382,798 (up 4.3%), semi-detached for $256,606 (up 2.9%), townhomes for $287,951 (up to 3.4%) and condominiums sold for an average of $222,359 (up 2.5%).
The KWAR cautions that average sale price information can be useful in establishing long term trends, but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold. Those requiring specific information on property values should contact a local REALTOR®. REALTORS® have their fingers on the pulse of the market. They know the questions to ask, the areas to probe and what to look for so that you get a complete picture of the property and community you’re considering.
Media Contact: Harminder Phull, Communications & Government Relations Assistant,

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Contributors

Linda Dreveny
159
November 4, 2015
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Michelle Dreveny
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July 16, 2015
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Tags

Everything


2015

November

SIX WAYS TO BOOST YOUR CREDIT SCORE

July

Bank of Canada Lowers Benchmark Rate

April

1825 Huron Road Open House Today!

March

FIRST OPEN HOUSE 1825 Huron Road

First Open House 27 Wycliffe Pl Kitchener

February

Open House this Sunday 2-4pm!

First Open house at 15 Morningside Ci in New Hamburg!

Valentines Day Open House! 15 Gerber Meadows

January

Open House Today at 15 Gerber Meadows!

2014 summary

Top Ten Mortgage Tips for 2015

2014

November

HOW'S THE MARKET?

September

Open House at 1025 Molesworth St Wellesley 2-4!

August

Open today 58 Nithbank Wellesley 2-4PM

July

OPEN HOUSE TODAY 36 STUCKEY AV., BADEN

HOW'S THE MARKET: JUNE 2014

March

OPEN HOUSES FOR MARCH 23RD!

February

IT MAY BE TIME FOR A MORTGAGE REVIEW!

January

THE HOUSING MARKET IN 2013

TOP TEN MORTGAGE TIPS FOR 2014

LEGAL QUESTION

2013

December

How's the Market?

November

71 Fairview Ave OPEN TODAY!

HOW'S THE MARKET?

October

122 Biehn Drive SOLD!

BANK OF CANADA RATE STAYS THE SAME!

Gorgeous Doon 4 bedroom!

OPEN HOUSE SUNDAY 2-4

Waterloo Open House Only $289,000!

September

BLACKBERRY NEWS AND THE MARKET

$324,900! OPEN HOUSE TODAY!

August

HOW'S THE MARKET?

July

NO RATE CHANGE!

HOW'S THE MARKET?

OPEN HOUSE SUNDAY JULY 7TH 2:00-4:00

May

IMPORTANT NEWS REGARDING YOUR CREDIT!

HOW'S THE MARKET?

April

OPEN HOUSE TODAY: BUNGALOW WITH DOUBLE GARAGE!

JUST LISTED BUNGALOW!

207 FERRIS DRIVE SOLD!

OPEN HOUSE SUNDAY!

HOW'S THE MARKET?

THINKING OF RENOVATING?

February

KEEP TRACK OF YOUR

HOW'S THE MARKET? January 2012

January

Bank of Canada Prime Rate

HOW'S THE MARKET?

RRSP's and The Home Buyer

2012

November

OPEN HOUSE SUNDAY 2:00-4:00!

UNBELIEVABLE PRICE!

BUILDING YOUR CREDIT HISTORY

HOW'S THE MARKET?

October

OPEN HOUSE SUNDAY! $269,900

STRONG CREDIT!

September

BEST FIVE YEAR RATE!

August

BUYING A HOME WITH ZERO DOWN PAYMENT IS ENDING SOON!

Open House at 653 Trico Drive, Cambridge

July

OPEN HOUSE 30 LOMBARDY!

30 Lombardy reduced to $304,900!

OPEN HOUSE SUNDAY AT 653 TRICO DRIVE, CAMBRIDGE

HOW'S THE MARKET?

NEW MORTGAGE RULES

June

WANT A LIST OF KW OPEN HOUSES THIS WEEKEND?

KITCHEN IS #1 RENO INVESTMENT!

INFO ON NEW MORTGAGE RULES!

OPEN HOUSE 140 MACKAY!

FOREST HILL BEAUTY!

BATHROOM RENOS OFFER GOOD RETURN!

49 CHARLES BEST SOLD!

HOW'S THE MARKET?

May

PAINTING IS #3 HOME RENOVATION!

NEW LISTING! FREEHOLD TOWNHOUSE!

OPEN HOUSE 140 MACKAY!

JOIN ME FOR THE MAD HATTERS TEA PARTY!

For a list of all open houses in Kitchener-Waterloo, click on this link:

YARD SALE FOR THE CURE IS THIS SATURDAY!!

DOES RENOVATING YOUR BASEMENT ADD VALUE TO YOUR HOME?

HOW'S THE MARKET?

NEW WATERLOO LISTING!

April

NO DOWN PAYMENT?

February

GOOD DEBT VERSUS BAD DEBT

5 Red Clover reduced!

2011

November

224 Duke St REDUCED!

Spacious Duplex Listed!

October

OPEN HOUSE TODAY!

NEW LISTING IN KITCHENER!

HOW TO BOOST YOUR CREDIT!

September

NEW KITCHENER LISTING!

23 Zinkann SOLD!

August

ecoENERGY Retrofit -Homes

1312 QUEEN'S BUSH ROAD IS SOLD!

14 COACH HILL SOLD!

SIX SECRETS OF THE SUCCESSFUL HOME SELLER!

July

SATURDAY OPEN HOUSES!

HOW'S THE MARKET? JUNE 2011

HOT NEW LISTING!

May

824 Sawmill Road, Bllomingdale SOLD!

155 WESTMOUNT SOLD!

Open House Today 2:00-4:00

April

TIPS TO STAGING YOUR HOME!

50 Zinkann Open House!

New 5 bedroom listing!

March

PRICE REDUCED!

OPEN HOUSE SUNDAY 2:00-4:00!

New Listing!

HOW'S THE MARKET?

February

126 CENTURY HILL DRIVE

Open House This Sunday!

#22-28 Doon Mills Drive Sold!

January

2010 Summary

2010

December

240 Vermont has sold!

MERRY CHRISTMAS!

1825 HURON SOLD!

NOVEMBER SALES REPORT

November

OPEN HOUSES SUNDAY 2:00-4:00!

SAMUEL STREET SOLD!

October

INFORMATION ON AGREEMENT WITH THE COMPETITION COMMISSIONER

OPEN HOUSE TODAY!

HENHOEFFER SOLD!

NEW LISTING!

NEW LISTING!

NEW PRICE!

SOLD!

September

PRICE REDUCTION!

61 ZINKANN SOLD!

HOT NEW LISTING FOR THE FIRST TIME BUYER!

SOLD!

OPEN HOUSE SUNDAY!

CLASSIC BEAUTY!

HOW'S THE MARKET? AUGUST

August

GORGEOUS TOWNHOUSE!

NEW LISTING!

PRICE REDUCED!

OPEN HOUSE

July

MARKET UPDATE!

ONE OF A KIND COUNTRY RETREAT LISTED!

#23-28 DOON MILLS SOLD!

NEW LISTING IN WELLESLEY!

NEW LISTING IN FOREST HILL!

June

JUST LISTED!

NEW PRICE!

113 UXBRIDGE SOLD!

TODAY'S OPEN HOUSE!

Saturday Open House

NEW LISTING!

New Price

May

OPEN HOUSES!

319 Biehn Drive Sold!

APRIL SURGE IN SALES!

OPEN HOUSE SUNDAY!

NEW LISTING! DRAMATIC TOWNHOUSE!

176 Jansen Ave., Kitchener

Sold!

OPEN HOUSE SUNDAY!

PRICE REDUCTION ON BIEHN!

New Listing!

April

176 Jansen

OPEN HOUSE

Open Houses

MARCH HOME SALES