Trusted Tips and Resources

Trusted Tips & Resources

Trusted Regina mortgage professional shares a tip on reverse mortgages and empowering older homeowners.


When most of us dream of retirement, we imagine ourselves in our homes - sharing a meal with family or just relaxing in a comfortable spot.

But retirement can also bring financial strain. Seniors often face the challenge of managing with less cash flow than they anticipated or coping with unforeseen expenses. 


A Trusted Regina Mortgage Broker empowers older Canadian homeowners with smart, simple ways to use the value of their home during retirement.

For over 25 years The Canadian Home Income Plan (CHIP) our reverse mortgage solution has helped thousands of older homeowners enjoy more financial flexibility without having to sell or move. CHIP might be the solution for you.

CHIP Home Income Plan is a home equity loan available exclusively to Canadian homeowners to convert a portion of your home equity into tax-free cash. But, unlike a traditional loan or mortgage, you never have to make a payment until you choose to move or sell – although you can make payments if you so choose.

The CHIP Home Income Plan has other advantages over traditional loans or mortgages. For example, there are no income qualifications and once you receive the loan, it can never be recalled.



It's called a Reverse Mortgage because unlike a traditional mortgage in which you make regular payments to a lender, the CHIP Home Income Plan pays you! You do not have to make any payments — principal or interest – for as long as you or your spouse lives in your home.

Features of a CHIP Reverse Mortgage:

  • Homeowners age 55 and older
  • No payments are ever required
  • No Income qualifications
  • No Credit requirements
  • Qualify for up to 50% of the value of the home
  • Money can be received as a lump sum, or over time or combination
  • Owner maintains title
  • They can sell or move at anytime
  • Receive the money tax free



Trusted Regina Mortgage Associate tip on buying a home


Buying a home: 

Overview

                                        

Brian has been working in the financial industry for many years in may different capacities. This provides him with a deeper understanding of  making financial decisions.  He takes an approach that looks at your entire financial history and future and finds the solutions that best fit for YOU.  He not only gets great rates for his clients but he also takes the time to explain what it all means. Overview

The purchase of a home is the largest purchase most people make during their lifetime. At Dominion Lending Centres, we want to make each and every purchaser aware of the many mortgage options available to them prior to their purchase and closing date.

Now, more than ever, financial institutions are regularly launching new products and programs, making it easier to get into that new home sooner. Today, interest-only loans, self-employment programs, rental purchase programs, vacation property programs, and a host of other innovative financing alternatives are dotting the home purchase landscape, making homeownership a reality for more people than ever.

Whether you are first-time buyer or an experienced buyer with excellent credit, Dominion Lending Centres has access to the very best products and rates available across Canada. Give us a call... we think you'll be pleasantly surprised!


A Trusted Regina Mortgage Associate shares a tip on using home equity to your advantage



Wishing you had more money for renovations or another expense?  Here is how you can use home equity to your advantage:

Many people find that one of the easiest and most affordable ways to access money is through the equity that they have accumulated in their home. This is a very popular option, especially when you have an excellent first mortgage in place. 

Using home equity to your advantage


Canadians purchase homes for a variety of reasons. Some want the stability of owning their own home, while others also look at home ownership as an investment vehicle. No matter what the reason, the truth is that home ownership has proven itself to be a good stable investment over time, and one which many Canadians are profiting from.

While many people have chosen to purchase their first home during these times of lower interest rates, there has also been a large movement to refinance home loans and pull out equity for home improvements, investments, college expenses, and even high interest debt consolidation. Canadians have been borrowing against their home's equity in record numbers, taking out billions of dollars in cash each year.

In years past, many saw their homes as a shelter of safety, yet today, they are more than ever before, willing to borrow against the equity owned in their homes to further their investment portfolios, get out of debt, send their children to university, make improvements to their home, or even boost their RRSP contributions. Where home equity was once sat upon, today it is often used to one's advantage.

While removing equity from your home can be a good idea, you should do so with caution and fully understand the benefits and possible risks. The best thing you can do is to consult a licensed mortgage professional and financial planner to discuss opportunities to make your home's equity work for you.


Trusted Regina partner shares a guideline for checking your headlights, taillights, running lights and signal lights.

Great Canadian Oil Change on Quance and North Albert Street in Regina provide oil changes in 10 minutes. No appointment needed! At Great Canadian Oil Change they will always do their best to keep you traveling safely, in a cleaner environment.

They are your Trusted Regina Oil Change experts in the Regina Automotive General category.

Have you checked your lights lately?  Great Canadian Oil Change shares a guideline for checking your vehicles lights.


WHY CHECK YOUR LIGHTS REGULARLY

For your safety and the safety of others, it is important that all lights on your vehicle are working properly.  Bright and functioning headlights and taillights are necessary to be visible to other drivers and pedestrians at night.  Well-maintained headlights also help you to see obstacles in the road in front of you.

PREVENT ACCIDENTS AND REDUCE ROAD RAGE

Working lights also help to prevent accidents and reduce road rage.  You know how annoying it can be when the car ahead of you slows down unexpectedly and turns without having a working brake light or signal light.  Or when the driver in front of you slows down without apparently any advance notice because their brake lights were not functioning properly and therefore you did not have time to adjust your speed.  How about waiting behind someone who apparently wants to make a left turn but did not have a working signal light that might have given you the opportunity to choose another lane earlier?  And we all can do without getting a ticket for having a burned out headlight or taillight.  All if these situations could lead to accidents or unnecessary stress.  Don’t be part of the problem!  Take the initiative and responsibility for checking that your own lights are working.



DO I HAVE TO TURN THE CAR ON TO CHECK THE LIGHTS?

It is easy to check SOME of your lights when the car is not running, however most vehicles these days require that the ignition be on (and some vehicles must actually be in gear) to do a thorough check of ALL of the lights.

HOW EASY IS IT TO CHECK THE LIGHTS MYSELF?

It is possible to check the lights by yourself, although not the quickest.  You will need to have a method to have something to hold the brake down (creative use of a long handled windshield scraper or even an anti-theft device might do), and you may have to get in and out of the car a few times.  If you can park the car beside something reflective (such as a window) or plain (a wall), you may be able to see some of the lights without getting our of your vehicle.  It is definitely possible to check the lights yourself, however the job will take less time if you have the assistance of another person.

HOW CAN I CHECK MY LIGHTS EASILY IN THE DAY TIME?

In the day time it is more difficult to see some of the lights on your car.  One option would be to use a dark piece of clothing, like a jacket, when going up close to each light to see how bight it shines on that surface to see if it is working.  Other options include parking beside a reflective surface like a window.  Or even shining your lights onto a building with a plain wall could work.  Waiting until it is close to evening or checking your lights indoors in dim lighting is suggested.



Follow this general plan to check the headlights, taillights, brake lights, running lights and signal lights on most cars.
Every vehicle is different.  Check the owner’s manual for vehicle-specific instructions.  For example, not all vehicles have running lights and some vehicles need to actually be in gear for some of the lights to be checked.
If you have two people and it is dark enough to see the lights easily, this can be a quick and easy job.
Turn on the engine.  Have a buddy on the outside of the car as you go through the list of lights to check.

FRONT – Have your buddy go to the front of the car.
Are the running lights working?  Are they even in brightness on both sides?
Turn on the headlights. Are they both lit up sufficiently?  Is one brighter or dimmer than the other?
Try the high beams. Are they both lit up sufficiently?  Is one brighter or dimmer than the other?
Try the right signal light.  Is it working? Is it easily visible?
Now the left signal light. Is it working? Is it easily visible?
 
REAR – Have your buddy go to the back of the car.
Are the running lights working?  Are they even in brightness on both sides?
Test the right signal light. Is it working? Is it easily visible?
Then the left signal. Is it working? Is it easily visible?
Press on the brakes to check the brake lights.  Are they working?  Are all lights easily visible?  Are they even on both sides? (Two or three bulbs on each side may come on)
 
That’s it!
If you find that some bulbs are dim or not working, make arrangements to have the bulbs replaced.  In some cases it may be the wiring or fuses that are the problem.
HOW CAN GREAT CANADIAN OIL CHANGE HELP?
At Great Canadian Oil Change we do a complimentary check of all of your lights when you come in for any service.  We also can replace the bulbs if you choose.
Great Canadian Oil Change  – helping you to drive safe and to maintain your vehicle in tip top 


Active Electric is a Trusted Regina Electrical Expert - Check out this video to see why!

ACTIVE ELECTRIC REGINA IS AVAILABLE FOR ALL RESIDENTIAL ELECTRICAL WORK. 

Active Electric are Trusted Regina Electricians and they get it right the first time, delivering all electrical services including installation, upgrade, and repair solutions.

Whether it's hanging a ceiling fan, installing a custom-designed landscape lighting system, installing a state of the art home theatre system or rewiring a commercial structure, or other electrical services, you can call Active they are here eager to help and no job is too small! Customer service is always their top priority and they should be your first call for a Regina Electrician! 

Active Electric are your TRUSTED REGINA ELECTRICAL EXPERTS

Whether you require a hook-up for your new appliance, hot tub or full house renovation, we have the experience to get the job done right and on budget.


Active Electric has a variety of services to help you with all your electrical needs:

• Complete Home Renovations

• Garage development electrician Regina

• Basement Development

• Panel and Service Upgrades

• Lighting Upgrades

• Device Upgrades

• Home entertainment

• Intercom systems

• Emergency generators

• Pools and Hot tubs

• Outdoor Security and sensor lighting

• Seasonal Lighting


Check out his listing here in REGINA ELECTRICIANS on the Regina Directory of excellence! 

http://www.trustedregina.com

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Saskatoon, SK   S7K 1N7
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