Wednesday, January 20, 2021 / by Sonny Bhinder
When it comes to mortgages and renovations it is important that you have your financing in place before you take the sledge hammer out of the garage! Lenders do not like coming into play half way through a renovation. Planning is essential to ensure you will have enough funds to cover the renovation costs.
Did you know there are mortgage products available that may help you with the costs of renovations above the 80% loan-to-value refinancing rule. The Refinance Plus Improvements Mortgage is a great way to incorporate the costs of improvements into your mortgage.
Here’s a list of typical Refinance Plus Improvements Guidelines:
1. The improvement funds above the 80% loan-to-value mark for the current as-is market value of your home will be held back by the lender until your renovations are complete.
2. Lending value is based on an Appraisal that states the As-Is Complete Value
3. You will need quotes upfront for the proposed i ...
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renovation, mortgage, refinance, home renovation
Thursday, December 10, 2020 / by Ray Lumenario
Strong Seller Market for Detached Homes and Townhomes In November
The desire for family-sized homes and their benefits continues to dominate. Since the summer, we’ve seen the strongest demand in Fraser Valley Board’s 99-year history specifically for single-family detached and townhomes.
Single Family Home Sales are up 90.3% across Fraser Valley, with 978 units sold in November 2020 compared to 514 in November 2019.
Townhouse Sales are up 51.1% across Fraser Valley, with 532 units sold in November 2020 compared to 352 in November 2019.
Want To Take Advantage Of The Current Market Condition? Here's How...
...CALL SONNY TODAY at 604.593.5055
Your Referrals Help BC Children's Hospital
Why We Support
As a Real Estate Team in the Greater Vancouver area, we’ve met many clients and hear many stories about kids struggling with various ailments. Through these stories, we have heard about how BC Children’s Ho ...
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investing, real estate, buy a home, home, home for sale, home selling, newsletter, sonny bhinder real estate team, investing in real estate, real estate investment, december
Tuesday, November 10, 2020 / by Ray Lumenario
OCTOBER HOUSING SNAPSHOT
Home sales are up 48.9% across Fraser Valley,
with 2,370 units sold in October 2020 compared to 1,592 in October 2019.
New listings are up 29.3% across Fraser Valley,
with 3,081 new listings added in October 2020 compared to 2,383 in October 2019.
The average price of a home sold across
Fraser Valley in October 2020 was $845,833, up 17.4% from $720,383 in October 2019.
Did The Current Market Conditions
Affect Your Home Price? To Find Out...
...CALL SONNY TODAY at 604.593.5055
Your Referrals Help BC Children's Hospital
Why We Support
As a Real Estate Team in the Greater Vancouver area, we’ve met many clients and hear many stories about kids struggling with various ailments. Through these stories, we have heard about how BC Children’s Hospital has treated their chil ...
Read More
buy a home, home, home for sale, home selling, investing, newsletter, real estate, sonny bhinder real estate team, november
Friday, October 16, 2020 / by Ray Lumenario
Thank you for making us the #1 Team in BC for Century 21
Our Team Is Growing To Serve You Better
We've updated our name!
We recently changed our name from Sonny Bhinder Home Selling Team to Sonny Bhinder Real Estate Team.
Watch out for more updates from us!
We help our clients in buying, selling, and investing in residential properties, commercial properties, land, and other great investment opportunities. A one-stop-shop for all your real estate needs.
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october, newsletter, sonny bhinder real estate team, real estate, investing, home, buy a home, home for sale, home selling
