Margaret Thatcher funeral: tributes in video

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Check out these video tributes to Margaret Thatcher they are all wonderful, sometimes funny sometimes touching tributes to a Great Lady.
I was able to buy my first home sooner if at all,  due to just one of her policies to remove parliament away from being landlords and running business.  British Telecom, British Rail and many other industries were the most poorly managed and all benefited from the big sell off, although I am sure that some of the over paid under worked employees  would not agree. I wonder how her opposition to wanting to join the European community feel now?

R.I.P Margaret you were in my opinion the greatest leader Britain has ever had, or probably will ever have.


Margaret-Thatcher-funeral-tributes-in-video.
Thank you to The telegraph for this article.
www.telegraph.co.uk

Ontario Tenants who smoke: what the law says

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Ontario Tenants who smoke: what the law says

Real-estate rejections of the rich and famous - MSN Real Estate

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Real-estate rejections of the rich and famous - MSN Real Estate

Rent to Own. A possible option for sellers and buyers.

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Rent-to-own may provide a win-win for both owners and tenants.

The changes to the mortgage rules announced by Finance Minister Jim Flaherty last July are making it more difficult for first time buyers to get approved for a mortgage. Other buyers may have good credit but not enough of a down payment. At the same time, landlords are looking for good tenants to rent their units. Rent-to-own may provide a win-win for both owners and tenants.

Here’s how it works:

A landlord rents the home or condominium under a basic home lease. For an extra payment, the tenant receives an option to buy the home at a later date, for a set price. Let’s say the home is worth $250,000. The parties agree the tenant will have the right, but not  obligated, to buy the house in three years for $280,000.

Canadians get creative to avoid renting

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Canadians get creative to avoid renting  

 Written by Vernon Clement Jones   http://www.canadianrealestatemagazine.ca

More and more Canadians are extending the amortization on their car loans as a way of qualifying for bigger mortgages, according to a new survey -- suggesting that number will increase as first-time buyers look to move beyond renting.

In fact, more than half of those borrowing to finance their vehicles are already opting for 72-month amortizations or longer, representing a nearly 40-percentage point jump from just five years ago, reads a report from JD Power and Associates.
“Consumers today just don’t think of the car as being $28,500,” said JD Ney, with JD Power. “They think of it as being $500 a month. There’s a certain pain threshold – whatever it takes, we’ll try and keep that monthly payment.”
Playing with amortization on car loans is one way mortgage brokers have advised clients looking to prepare for a mortgage application.
Still, most mortgage professionals have counselled borrowers to opt for less expensive auto purchases as a better of preparing to meet debt-service requirements and win home loan financing.
That advice may be increasingly hard to follow, with brokers pointing to mortgage rule changes that have only strained the ability of many borrowers to qualify.
That is a huge increase from just five years ago, when 14 per cent of buyers borrowed for six years or more, said J.D. Ney, an automotive account analyst in the consulting firm’s Canadian office.

Poll: New rules sideline 15% of homebuyers

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Nearly 15 per cent of prospective homebuyers say the latest rule changes -- in effect starting today -- make it less likely they will buy a new home in the next five years, according to a Bank of Montreal poll.

The result jive with the expectation of many investors, although some anticipate a higher percentage of first-time buyers – especially those in Toronto and Vancouver – will be shut out of the market for the same reasons. It's something that should strenghten the rental market.
Those new mortgage rules came into effect Monday, with most broker lenders instituting even earlier deadlines.
The BMO poll suggests that nearly half of Canadians know next to nothing about those key changes around amortization, refinances and debt-service ratios.
Specially, nearly half (49 per cent) of Canadians are unfamiliar with the new measures put in place by Finance Minister Jim Flaherty, according to the poll conducted by Pollara.
In fact, the majority of Canadians do not know the maximum amortization period for government-insured mortgages, with only 45 per cent correctly identifying it as 25 years.
About, one-quarter (26 per cent) of Canadians believe the maximum amortization period for government-insured mortgages is 30 years or more.
Mortgage brokers are expected to take on a key role in helping bring consumers into touch with those new rules. That has the potential to strengthen the industry’s reputation as true partner to homebuyers, say brokering veterans.

Written by Vernon Clement Jones

Where to buy now

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Are there are any bargains left in Canadian real estate? You bet there are. Moneysense reveals which cities offer the best value for real estate investors.

Interesting article take a look!

Where to buy now