#home downpayment assistance

[kentuckybats]

Kentucky First-Time Home Buyer Loan Programs Kentucky First-time Home Buyer Programs Kentucky First Time Home Buyer 2023 Conventional Mortgage Loan in Kentucky. 620 credit score or higher needed for this loan program. 4 years removed from bankruptcy minimum sometime longer. Private mortgage insurance required for over 80% loan to value on a refinance or down payments less than 20%. Tighter…

[bobcatmoran]

Walz is asked about the Harris campaign's promise to give $$ to new homebuyers and build new housing. He talks about how he's only owned one house in his life. MN has invested in housing (o rly?). Minneapolis has had a low inflation rate due to downpayment assistance. Stable housing has a domino effect for societal benefits. And immigrants are not to blame for this problem.

Vance is asked about the Trump-Vance policies. Where are they gonna build the new homes they promise? Vance says that immigrants are not to blame, but Harris is to blame for admitting illegal aliens, who have destroyed the housing market. Why has Harris not used the VP office to enact policy, which VPs famously do all the time?

Lowering energy prices will help housing prices. Drill, baby, drill.

[learnwithmearticles]

A summary of the stances spoken by Kamala Harris during the presidential debate on September 10, 2024.

Reinstating protections of Roe v. Wade

Continue addressing, as she refers to it, transnational organizations trafficking fentanyl and weapons

She does not refer to individuals, but to organizations during this portion

Not banning fracking

In fact, she mentions that the Inflation Reduction Act provided new leases for oil drilling

Investing in diverse energy sources

Decreasing dependence on foreign oil

Support starting up small businesses through tax deductions

Increase the child tax cut ($6,000 for the first year after birth)

Increase homes by 3 million by the end of her first term

Downpayment assistance for first-time home-buyers ($25,000 tax credit)

Protect social security and medicare

Protect seniors from scams

Needing a ceasefire deal for Palestine-Israel

Two state solution

Security in equal measure for both sides

Ensuring the U.S. has the most lethal fighting force in the world

A break from extraneous language, stating plain policy intentions. As stated in her closing statement, Harris is a candidate with the future in mind, seeking, generally, to help U.S. citizens. She unfortunately invokes politically ‘moderate’ stances such as her statements about Israel and military support, which should both be worded better. However, we can understand this within the context of a political system that would never permit someone rising to power while acknowledging the deep wrongs of the military and Israel. Overall, Harris is a far healthier candidate for the United States based on the principles claimed in this debate.

[realcleverissues]

An actually great article on some issues with Kamala's housing plan.

tl;dr + my commentary:

$25k downpayment assistance only helps those who have enough money to potentially buy a house. i.e. helps the middle-to-upper class. (Assuming a home is a good investment compared to other options. More on that in a moment.)

Banning corporate landlordship has positive effects for housing for *buyers* but reduces supply for *renters*. This can actually lead to gentrification (as has happened in places where this has been tried). Iow, bad for lower-to-middle income earners. So, in short, those plans help the wealthy but harm the poor.

Fundamentally: Since housing is viewed socially as an investment, homeowners want their investments to maximize profits. This is one reason for zoning laws: Fewer homes make existing homes more expensive. That's precisely why the housing market is so high: not enough homes. Everyone's essentially bidding for the limited supply. (Note: Studies have shown that allowing for more density does not drive down prices. This is because, while a $1M home might be worth only $900K with sufficient home supply, the *property* of the home may now be worth $1.5M. This is because relaxed zoning would allow for more homes to be built on the same spot. So developers can replace a $1M home (now $900k home) with, say, a duplex worth $1.5, or with a 4 story apartment building worth $3M. Additionally, more home availability translates into less poverty, homelessness, addiction, and crime, further raising values. That said, while home values may not suddenly fall, the growth in their value would be slowed tremendously. Instead of, say, 8% value increases each year, it might go to, say, 4%. This means that homes would no longer be as great an investment as they currently are. In this scenario, middle-class earners might be better off investing in something else rather than pouring their money into a house. This is the extra kink related to the first point above.) This is one of the tensions found in capitalism: Businesses love limited supply bc that inflates value and price; consumers love sufficient supply bc it lowers prices toward cost. This creates a tension between homeowners (who like limited supply) and non-homeowners (who want ample supply). Right now, the homeowners are winning. Rules like single family zoning heavily benefit homeowners, and bc changes to local law are made at the local level (i.e. people already living there), it again becomes hard to change.

As a result of the above point, we find an additional problem: Creating more homeowners would, in effect, create more NIMBYs, since again, the assumption among homeowners is that changing zoning laws would harm their investment.

Personally, my top three solutions would be:

a. Eliminate or massively reduce single family zoning b. Institute a land tax. It doesn't have to entirely replace the current property tax system, but even a small change could incentivize positive changes (like smaller lot zoning, less land hoarded for development, etc). c. Financially and legislatively encourage the growth of non-profit rental options and organizations. Landlording is literally the definition "rent seeking" in economic terms: pointless middlemen who make more than their work due to having privileged position. Much like the issue of insurance companies causing increased prices in US healthcare, we could save consumers a lot of money if we cut them out and replaced them with non-profit entities. So instead of your rent paying the landlord's mortgage and lifestyle, renters could see reduced rates that reflect the *lifetime* value of the home (not just the mortgage period, which is often half as much), and the actual costs to maintain it, not the inflated "market value" of what landlords can charge. This could immediately lower rental costs by at least a few percentage points, and would continue to get cheaper over the long run (since prices wouldn't rise with market values). Additionally, unlike something like medicare, we really don't need everyone to participate. Non-profit rentals can live alongside for-profit rentals. Some people may not mind paying extra for more luxurious rentals. And that's great for them. But lots of people would love to have regular, non-luxury options.

[luthwhore]

i am buying a house, and (maybe) you can too!

so... you want to buy a house, but you don't make a lot of money and you have no way to save up the recommended 10% recommended downpayment on a mortgage, which means you're basically going to be stuck renting forever, right?

well... actually, maybe not!

this post is going to be very US-centric, so i cannot speak to the homebuying experience in other countries, but if you live in the united states... you might be able to buy a house for much less up front than you might think!

this is gonna get long, but the main things you'll need are:

a credit score in the low- to mid-600s. this can vary by program, but most down payment assistance programs require somewhere between a 620 and 660. (i might make a second post at some point about credit scores bc fixing my credit score was a long and arduous process.)

enough in savings to cover a few up-front expenses. there are a couple of things that the down payment assistance programs won't cover. for me, we ended up having to pay ~$1500 up front total, which - to put it in perspective - is less than the deposit and move-in fees were going to be at most apartments in our area.

that's basically it! if you can do those two things, you might be able to buy a house!

let's talk about the details.

programs vary by state, but most states have down payment assistance programs of one kind or another. there's also a federal USDA loan program which is $0 down as well, but is only available in rural areas.

these programs WILL usually require you to have a certain credit score, usually somewhere in the 600s. (the particular program my housemates and i are using requires a minimum 640, but some require a higher or lower credit score than that.)

usually your first step is speak to a mortgage lender. the mortgage lender i'm working with is only available in the state of tennessee and not all mortgage companies accept all down payment assistance options, so i would research options in your state and then check to see if the programs have a list of preferred lenders and/or loan officers.

this sounds scary, but my loan officer has been a life-saver during this process. generally your loan officer wants to help you succeed, particularly when they know you're a first time home owner. tell your loan officer that you're going to be a first time home owner and you're interested in a $0 down payment program. they can run the numbers and see if you qualify, and if so, how much you can qualify for.

you can have multiple people on the mortgage with you, but everyone on the mortgage has to meet the credit score requirement.

if you do qualify, also talk to your loan officer about how much you can pay per month for a mortgage, too, since this might also impact what price range you're shopping in.

you'll also want a real estate agent. (trust me on this. you want a real estate agent.) my loan officer recommended a real estate agent to me and we quite literally could not have done this without him. your real estate agent does a lot more than just help you find houses to look at. they will also point out things that you might not know to look for and will also help negotiate with the seller for you.

when you talk to your real estate agent, tell them you are using a down payment assistance program and that you will need the seller to cover your closing costs. closing costs, for reference, are a bunch of small expenses that are paid when you officially sign the mortgage. typically both the buyer and the seller have separate closing costs, but it's fairly normal for buyers to ask the seller to pay for their closing costs for them in the current market. your real estate agent can then negotiate for this for you.

if the seller covers your closing costs and you can get approved for down payment assistance, there are only three things you will probably have to pay for out of pocket:

"earnest money." this is a small sum of money you pay to hold the house after the seller accepts your bid. (in our case, we paid $500 for our earnest money.)

the home inspection. our home inspection was also about $500, though the price of this could vary based on where you live.

the home appraisal. for us this was also about $500, though again, this could vary based on where you live.

and that's basically it! obviously talk with your loan officer and real estate agent about the cost of these things bc they might not be the same cost for you as they were for me, but for us, this ended up actually being cheaper than moving into a new apartment!

[charyou-tree]

The campaign is vowing that during its first term, the Harris-Walz administration would provide working families who have paid their rent on time for two years and are buying their first home up to $25,000 in down-payment assistance, with more generous support for first-generation homeowners.s In a preview statement obtained by ABC News, the campaign says, "Many Americans work hard at their jobs, save, and pay their rent on time month after month. But they can’t save enough after paying their rent and other bills to save for a down payment -- denying them a shot at owning a home and building wealth. As the Harris-Walz plan starts to expand the supply of entry-level homes, they will, during their first term, provide working families who have paid their rent on time for two years and are buying their first home up to $25,000 in down-payment assistance, with more generous support for first-generation homeowners." "The Biden-Harris administration proposed providing $25,000 in downpayment assistance for 400,000 first-generation home buyers -- or homebuyers whose parents don’t own a home -- and a $10,000 tax credit for first-time home buyers. This plan will significantly simplify and expand the reach of down-payment assistance, allowing over 1 million first time-buyers per year – including first-generation home buyers – to get the funds they need to buy a house when they are ready to buy it," the Harris campaign said.

[splatoon-but-real]

Hey it's me the real marina who isn't dj hyperfresh. I need you to veemo me $250 so I can make more music. pearl is here too ello its pearl

I am Dr. Ivo Roboctonik, the cousin of Octoling, Maria Roboctinik. She was first octoling in space when she made a secret flight to orbit 18 year ago. She was on a later Octarian spaceflight, to the secret Octarian military space station ARK 10 year ago. She was stranded there when the Great Zapfish was recovered. Her other Octarian crew members returned to earth but Maria place was taken up by return cargo. There have been occasional supply flights to keep her going since that time. She is in good humor, but wants to come home.

In the 10 year since she has been on the station, she has accumulated flight pay and interest amounting to almost 15,000,000,000 Geso. This is held in a trust at the Octo Mountain Trust Association. If can obtain access we to this money, we can place a down payment with the Octarian Space Authorities for a return flight to bring him back to Earth. I am told this will cost 3,000,000,000 Geso. In order to access the his trust fund we need your assistance.

Consequently, my I and colleagues are willing to transfer the total amount to your account or subsequent disbursement, since we as civil servants are prohibited by the Code of Conduct Bureau (Civil Service Laws) from opening and/or operating foreign accounts in our names.

Needless to say, the trust reposed on you at this juncture is enormous. In return, we offering you 20 percent of transferred sum, while 10 percent set aside for incidental expenses (internal and external) between parties in the intercourse of the transaction. You will mandated to remit the balance 70 percent to other accounts in due course.

Kindly expedition of action as we are behind schedule to enable us downpayment. Please acknowledge receipt of this message via alternate email (ivoroboctonik@theactualoctarianarmy.oc)

Yours Sincerely

Ivo Roboctonik

[beansnpeets]

I'm increasingly frustrated with Jon as time goes on. I was so angry yesterday over shit that I had to get stoned to try to calm down, but all that did was make me less anxious about it. I was still super angry.

He took the last roll of TP out of the package. Then he left the empty plastic packaging on the floor in the bathroom. We are 5 rolls into the new package of TP and he still hasn't thrown the plastic away. The garbage can is literally right there. It's RIGHT THERE. I'm not touching it on principal. It's not my job to constantly pick up after him.

Among many other things, too. Like I'm so fucking sick of this. And if I bring it up to him he gets pouty and plays victim and goes "I can't do anything right" and immediately goes on the defensive, even if I bring it to him calmly and gently. But god forbid I do anything, then he gets angry right away and tries to guilt me and scold me.

I don't think I'll ever be able to save up for the downpayment for the housetrailer I wanna buy. I keep having to spend money on other shit. Plus, the municipality that the house trailer is in, the RM office staff all quit and walked out because the SAO and counsel were treating them all like shit so even if I could buy the house I can't get title information or anything else because there's nobody at the office! Which is why I never heard back when I emailed them asking about buying an empty lot a couple weeks ago.

I'm trapped. There is no way out of this unless prices crash. I'm hemorrhaging money left and right because groceries are insane. I don't know what to do.

Oh, and last night a friend of Jon's who I used to be friends with until she got really flakey on me and stopped talking to me, was messaging him last night saying she was sad and wanted someone to hang out with so at almost 11pm he went to town to go hang out with her, which I wasn't keen on because they'd had a thing in the past and I don't entirely trust him if I'm being honest (some shit has happened in the past), but I wasn't gonna tell him not to go because like maybe it's fine and I'm being crazy (but also last time I trusted my partner too much (my ex before Jon) he cheated on me with the girl so). But yeah so he went. Got home at like 1am or so. I asked him how was going to town. Turns out she bailed on him and didn't reply to his messages after he told her he was on his way so he ended up having a nap in a parking lot, waiting for her to message him back, and then came home when she didn't. So whatever. I do get the feeling I'm being a little bit lied to, he's easy to read, but honestly I don't fucking care anymore. It's just more fuel for our inevitable breakup so whatever.

I'm just so sick and tired of everything. I'm so done. I wish there was a way out of this. Unfortunately I just have to endure it for now until I have an opportunity to leave. I'm hoping I can make some okay money with photography this summer to hopefully save because my regular paycheque isn't cutting it. Which is insane considering I'm an entire fucking legal assistant.

[mariacallous]

This week, President Joe Biden signed an executive order on caregiving, which may sound like Washingtonspeak. It isn’t. It’s entirely possible that the order could make a real difference in the real lives of some real Americans.

But it’s still just executive action, which means there are limits to its potential. In that sense, the executive order is also a case study in the need for much more ambitious action ― action that will take a lot of work on politics and maybe some work on policy as well.

The order is basically an instruction to federal agencies to figure out ways of making child care and care for the elderly and people with disabilities more affordable, accessible and reliable ― all while helping out the caregivers themselves. The need for that kind of action is clear enough, or at least it should be.

Just this week, data analyst Jeremy Ney published an article showing that millions of Americans are paying a quarter of their incomes on outside child care, according to newly released Labor Department data. As Ney notes, that burden is especially crushing for low-income Americans who simply don’t have a quarter of their income left after paying for housing, food and other necessities. And then there are the parents who aren’t worried about the cost of child care — because they can’t find any.

Some child care centers closed during the pandemic. Those that didn’t or reopened are having trouble filling staff openings because of the tight labor market ― and the fact that if you’re looking for work, you might make more manning a register at Target than you can feeding, nurturing and watching over toddlers. The child care workforce is still about 60,000 short of where it was before the pandemic, according to the U.S. Labor Department. In a recent article from The 19th featuring reader emails about struggles to find child care, some described waiting lists for slots that measured in years, not months, with one saying they knew of a child care worker who gave out waiting list spots as wedding gifts. (Yes, wedding gifts ― not baby shower gifts.)

The labor scarcity extends to the workforce that staffs nursing homes and other forms of assisted living, as well as the workforce that goes into people’s homes to assist them there, which is what most seniors and people with disabilities would prefer. In the face of these shortages, some of the people who need care end up going without help at risk to their health or well-being, while others end up in the large-scale facilities they’re desperate to avoid.

Policymakers know all about this. Biden and his Democratic allies spent much of 2021 and 2022 trying to enact a set of sweeping, potentially groundbreaking initiatives to make both child care and home care more affordable and more reliable. It was supposed to be part of what they were calling the “Build Back Better” plan.

But the initiatives were expensive, each one requiring several hundred billion dollars of new expenditures in the first decade, and they fell out of the final legislation ― later renamed the “Inflation Reduction Act” ― at the insistence of Sen. Joe Manchin (D-W.Va.) and a handful of other lawmakers who opposed so much new spending. (HuffPost covered that history here, if you need a refresher.)

Biden and the Democrats say they haven’t given up trying to enact new reforms on that scale. But with a Republican House pushing for massive cuts in federal spending ― and holding the nation’s economic well-being hostage in an attempt to get its way ― the prospects for enacting such a program in this Congress are virtually nil. That explains the executive order, which represents Biden’s attempt to make a downpayment on a much larger effort.

[jordanbrandtre]

Downpayment Assistance for First Time Home Buyers! 🏡 💰 Learn how to qualify for downpayment assistance from available government and financial Programs! 😃 🙏🏻 🎯 Go to https://JordanBrandt.StopRentingStartOwning.com to get the FREE Information Now! #JordanBrandtRealEstate

[richmotts2]

👀 Buy This home For 🔥 LESS THAN RENT🔥 $752 a Month❗

Look  At These Amazing Terms a 1st Time Buyer Can Buy This Home with$89,900 with 3.5% down (FHA) the payment is $751.78 (includes taxes and insurance).Based on Qualifying & Obtaining a loan at 6.99% APR is 8.10%.  30 Year Loan Term (360 Months)

If seller pays maximum closing costs 6% and city gives grant of $5,000 The buyer would need $947.32 .Without grant buyer needs $5,947.32 cash to close.

 The City of Canton Department of Community Development, in conjunction with Community Building Partnership, assists first-time low-to-moderate home-buyers with purchasing a home within the City of Canton corporate limits. 

This program provides up to $5,000 of assistance to be used towards down-payment and closing costs at a 0% interest rate deferred loan, forgiven at the end of five years. There is a required buyer contribution of $500.

Income Limits for City of Canton’s Downpayment Assistance Plan:Family of 1 $47,900, Family of 2 $54,750, Family of 3 $61,600, Family of 4 $68,400, Family of 5 $73,900, Family of 6 $79,350, Family of 7 $84,850, Family of 8 $90,300.For More Details on City of Canton's Down Payment Assistance Program Go To:https://www.cantonohio.gov/1879/Down-Payment-Assistance

[bondstreetmortgage]

Why finding the right VA lender is important, and how to find one?

Purchasing a home is a lifetime investment for many. This is not a task people get indulged in quite often. For many, it is one home for a lifetime or maybe two. VA loans are special loans offered to veterans USA with some special benefits. While you are searching for a VA home lender, it is very important that the lender you choose aligns better with your housing needs. VA loans are special category loans, and not every mortgage lender can handle them effectively. Reaching a VA loan-approved lender can make a lot of difference in your experience of fetching a home loan.

VA loans.

VA home mortgage is a loan backed by the U.S. Department of Veterans Affairs (VA) and is offered to Veterans, service members and surviving spouses. The benefits of the loans make them the most sought-after special category loans. The loans are offered by private mortgage lenders, banks and credit unions. They are offered with zero downpayment. Low interest rates and flexible credit guidelines. Choosing the VA-approved lenders makes your lending process smooth and easier and also makes an informed choice.

How to choose the Right VA approved lender?

Get referrals.

Getting referrals from friends and family is a solid strategy for finding the right VA lender for your home loan. Their referrals must be backed by a positive experience. If your close circle lacks this experience, you can relay rely on real estate agents for a valuable source of information. Also, you can tap online social media communities or reach veteran organisations for referrals.

Look for expertise lenders.

Many Mortgage lenders are offering VA loans, you should look for their expertise and experience as they can make your home loan processing journey smoother than ever. Check for their credentials, license and number of mortgages issued annually.

Accreditations and Credentials.

Check for the Accreditations and Credentials of the lender to know their professionalism and commitment to industry standards. This information shows lenders are legally operating VA loans and their dedication to current knowledge in processing VA loans. Do check their certifications specific to VA loans to know their expertise in processing special loans.

Length of licensure.

checking the number of years in operation is another key criteria to know their endurance in the industry and their knowledge gained over some time. A lender with good experience can demonstrate their expertise in processing special VA loans efficiently. Checking the length u of their license gives you a confirmation of their long standing in the industry which in turn echoes the history of customer satisfaction and consistent delivery.

Number of loans issued per year.

The number of VA loans issued by lender gives you information about their familiarity with processing VA loans. Get the data on their approval rates, shedding light on lender’s efficiency and likehood of getting your loan processed smoothly. Look for specialized professional assistance to process VA loans. Their ability to process multiple types of loans shows that they have the resources and expertise to process your loan proficiently.

Compare offers from multiple lenders.

compare loan quotations from different VA-approved lenders to know how they measure up to each other in costs, loan terms, loan rates, closing costs, monthly payments and additional costs. Compare the options from at least three VA-approved lenders to steer towards the best VA mortgage lender. Also, check if the loan agreement is in line with your financial goals.

Evaluate lender reviews.

Get insights into customer reviews to gain more knowledge about borrowers’ experiences. It y gives information about customer’s overall satisfaction about the lender. The reviews online can be misleading at times, so you need to learn to evaluate them. Look for consistent feedback, check for the source and know the response from the lender to validate details. Get a balanced view for an accurate depiction.

Trust your First Impression.

Go with the lender if your lender talks to them in a friendly way and is quite prompt in getting back to you. You can trust the lender if they can answer all your questions and give you more knowledge on loans.

[xpertserve]

Steps to Increase the Possibility of Getting a Home Loan in Delhi

Getting a home loan in Delhi, could well be the big push you needed towards your dream of owning a house in one of India's most vibrant cities. From a range of choices such as home loans in Delhi NCR, Dwarka or Gurgaon you need to be mindful that they do not only cater your needs but also are processed without any hiccups. This is where Xpertserve enters the picture and supports you to get through from all financing hassles that might fall in your way when picking a housing loan in Delhi.

1. Understand Your Credit Score

A strong credit score is one of the first things that you need to improve your chances for a home loan in Delhi. This score becomes very important for the lenders as it helps to arrive a decision regarding your loan eligibility with what interest rate. A good credit score is a quick indicator of positive credit health and can go long way in helping you qualify without breaking the bank. Check your credit score before you apply for a home loan and if it is low, work on reducing the same by paying off existing debt or ensuring that your credit report has no errors.

2. Select Appropriate Property & Loan Type

If you are looking to apply for a home loan in Delhi, it is important that the property you choose alongside also matches with your type of loans. Likewise, lending institutions are more confident about approving loans for properties situated in prime locations like Dwarka or the larger Delhi NCR region where such resale values can be higher. On top of that, Xpertserve gives out different kinds of home loans to meet various needs such as fixed-rate mortgage loan and adjustable rate-mortgage. Take into account your financial position and ambitions to ensure that you select a loan suiting your requirements.

3. Income and Job Stability

When also evaluating your home loan application, lenders consider your income and employment stability. If you are employed in Delhi or its neighboring areas i.e. Gurgaon, a secure job and steady income amounts to your good credit rating reflecting on the eligibility criteria for loan amount sanction process as well. Make sure you have a stable employment record and adequate income levels to make EMI payments as well pay off other expenses before availing of housing loan in Delhi. For the self-employed, we also recommend keeping good records of all your business income and expenses because this will show lenders that you have really stable financials.

4. Joint Loan or Co-applicant

To improve your chances of securing a home loan, you may apply with a co-applicant - spouse / family member who has an eligible credit score and steady income. I) A joint home loan increases your eligibility for a bigger amount of the combined total income. If you are unsure about how to go while applying for a joint home loan, Xpertserve is here assisting you through the process, making sure everyone knows what their rights and obligations.

5. Increase Your Down Payment-Floyment

Because making your down payment bigger could have a large effect on the loan terms that you qualify for, in addition to qualifying interest rates. Not only will that lower the lender's risk on a larger loan, but it also lowers your LTV (loan-to-value) ratio - which is used by lenders to gauge every loan application. This is important because the higher your down payment, the lower your monthly repayments will be, which can save you money on interest and help to keep things manageable financially moving forward.

Conclusion

When you are considering an application of a home loan in Delhi, then several factors come into the picture. Improving your credit score, choosing the right property and loan type, ensuring a stable income, opting for joint home loans and saving more towards downpayment can go in way of enhancing their chances of getting a positive response from lenders. From assisting you in gathering all the essential documents to getting your home loan approved easily and quickly, Xpertserve will assist throughout your journey of taking a dream house on rent to owning it. To know more about how you can sail through the home loan process in Delhi, reach out to us or visit our website.

[luthwhore]

we realized we qualified for a special type of home loan with downpayment assistance so we would only have to pay around $1,500 up front for a house rather than like $35,000, which is really awesome, except we keep running into snags bc the amount of money were approved for is just shy of being able to afford most of the places that meet our needs bc only two of us have good enough credit to be on the mortgage and we don’t have anyone who can co-sign. which we might be stuck between settling for a house that’s in a location we don’t like as much or just waiting for one of my roommates to raise his credit, and we have no idea how long that would take. 😭

[thehearbeatofrealestate]

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𝐖𝐡𝐲 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐕𝐚𝐥𝐞𝐫𝐨𝐧 𝐓𝐨𝐰𝐞𝐫: ✔️Perfect Location ✔️Expansive Amenities 🔹76% of open spaces ✔️Innovative Features & Services 🔹100% back up power 🔹Garbage chute 🔹Perimeter fence 🔹CCTV surveillance 🔹24 hour security ✔️Spacious Unit Cuts ✔️Value for Money

𝐕𝐚𝐥𝐮𝐞 𝐏𝐫𝐞𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧: ✔️A masterclass development in the metro's next big CBD ✔️An expertly-designed and crafted home option ✔️Expansive resort-inspired amenities and features ✔️Best value for money option/excellent investment 🔹Competitive size vs. lower price per sqm compared to competition 🔹Expansive resort-inspired amenities 🔹Feel of elegance and exclusivity 🔹Quality legacy of DMCI Homes ✔️A development of 2 very reputable companies ✔️DMCI Communities Mobile App ✔️DMCI Homes Community Internet ✔️DMCI Communities RideShare ✔️Home Ease ✔️Card-operated laundry station ✔️Convenience store ✔️Water station ✔️Maintenance ✔️Housekeeping ✔️Assistance

𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: ✔️𝐎𝐧𝐥𝐢𝐧𝐞 𝐂𝐥𝐢𝐞𝐧𝐭 𝐑𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐋𝐢𝐧𝐤: https://apps.dmcihomes.com/OnlineCRF/Main?ac=LI32958 ✔️2 Valid ID's and Tax Identification Number (TIN) ✔️Latest proof of billing address (electric, water, internet or card bill) ✔️Unit reservation: 20K ✔️Parking: 10K (Optional)

𝐋𝐢𝐥𝐲 𝐄𝐬𝐜𝐨𝐛𝐞𝐫 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞 𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐪𝐮𝐢𝐫𝐢𝐞𝐬 📩 𝗠𝗼𝗯𝗶𝗹𝗲 𝗻𝘂𝗺𝗯𝗲𝗿: 𝟎𝟗𝟔𝟔 𝟗𝟗𝟏 𝟖𝟕𝟔𝟑

𝐷𝑜𝑛’𝑡 𝑊𝑎𝑖𝑡 𝑡𝑜 𝐵𝑢𝑦 𝑅𝑒𝑎𝑙 𝐸𝑠𝑡𝑎𝑡𝑒, 𝐵𝑢𝑦 𝑅𝑒𝑎𝑙 𝐸𝑠𝑡𝑎𝑡𝑒 𝑎𝑛𝑑 𝑊𝑎𝑖𝑡

𝙏𝙝𝙖𝙣𝙠 𝙮𝙤𝙪 𝙖𝙣𝙙 𝙂𝙤𝙙 𝘽𝙡𝙚𝙨𝙨!

💥𝐈 𝐡𝐚𝐧𝐝𝐥𝐞 𝐚𝐥𝐥 𝐃𝐌𝐂𝐈 𝐇𝐨𝐦𝐞𝐬 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐬 𝐏𝐫𝐞-𝐬𝐞𝐥𝐥𝐢𝐧𝐠 & 𝐑𝐅𝐎 🔎 Taguig City | Pasig | Makati | Mandaluyong | Las Piñas | Parañaque | Manila | Pasay | Quezon City | San Juan, Batangas | Tuba, Benguet

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CPP as a Force For Good – Grandkids

In a previous article, we discussed using your CPP as a force for good. It detailed how retiree Cathy Gauci was able to use her CPP to create a $400,000 charitable donation for her local hospital.  Read that article here:

Use Canada Pension Plan (CPP) as a Force for Good

Part two of the Gauci story is about what Cathy's husband Jim decided to do with his CPP when he too embraced the concept of using your CPP as a force for good. 

How Jim Put to Use His Canada Pension Plan for His Grandchildren's Benefit

Jim Gauci is an amazing grandpa. He loves to lift the kids in the air making them squeal. He takes the older ones for fishing adventures and started teaching them how to golf. He is patient when his favourite personal items are touched by sticky fingers and when one of the twins was sick in his car, he took it in stride.

Jim decided to use his CPP for his grandchildren's benefit. His grandchildren are still young with Michael the eldest at just 7, Thomas is 5, and the twin girls Maddie and Isabella are 3.  Jim's adult sons are financially educated and have set up and maxed out the annual RESP contribution limits for their own children.

Jim is set to receive $16k a year in maximum payments from CPP. He doesn't need the money and wants to help the kids out with some longer-term wealth transition strategies. He set up a program for his grandchildren that will allow them to have a starting amount of $100,000 in life insurance and coverage for life.

By the time each grandchild reaches their mid-late 20s, there will be tens of thousands available to assist them in paying for vehicles, weddings and home downpayments.  By the time the twins are 65, the tax-free death benefit has potentially grown up to 9 times. The financial advantages the Gauci grandchildren experience are enormous.

Jim paid premiums for 10 years and gave his grandchildren a lifetime gift. They will never forget him or his generosity. When they're older, Michael, Thomas, Maddie and Isabella will follow in Jim's footsteps. They too will put an insurance policy on their grandchildren, and the family's wealth expands and grows with each generation. 

You too can use your CPP as a multiplier and a force for good, just like Jim.

Maximize Your CPP Benefits with Tayler Insurance's Expert Guidance

Harness the power of your Canada Pension Plan (CPP) with Tayler Insurance's expert financial guidance. Our tailored financial strategies ensure you leverage CPP benefits effectively for retirement security and beyond. From optimizing contributions to navigating complex regulations, trust us to maximize your CPP potential. Our team specializes in leveraging CPP benefits to their fullest extent, whether through strategic planning, investment advice, or retirement income optimization.

Secure your financial future with Tayler Insurance today! Contact us now to start maximizing your CPP benefits.

Taivi Tayler, RRC, CLU, Certified Financial Planner

www.taylerinsurance.com         

Source: Equitable Mar2024