Greg Grant, Sales Representative, RE/MAX Erie Shores Realty Inc., Brokerage

Lower rates are good news for those who want to access their home equity through a refinance (minimm 20% home equity required) for a low-cost way to get needed funds.

While everyone's situation is different, many homeowners are determining that it makes sense to refinance to restructure their debt to get financial breathing room with one lower monthly payment and interest savings. This move can also protect and improve your credit score.

And since we're spending more time at home, many are looking at renovations to improve the quality of our their lives or for functionality like building a new home office.

If a refinance can work for you, don't hesitate to get in touch for a personalized cost/benefit analysis so you can determine whether it makes good financial sense.

What does Homecoming look like in 2020? What does this annual event mean to Laurier Brantford alumni? Lisa Andreana and Derek Szilagyi explain how to bust out your purple and gold spirit with a virtual pancake breakfast, an eSports tournament, a HawkWALK, and more. Laurier Brantford Alumni Oniqua Kamaka (Law & Society 2020) and Claudia Volpe (Criminology 2016 BA & 2018 MA) share updates about their post-grad lives and reminisce about favourite campus memories.

See the schedule of virtual Homecoming events: https://www.laurieralumni.ca/s/1681/catalyst17/home.aspx?sid=1681&gid=2&pgid=4073

✅✅ Time for another CREDIT TIP ✅ ✅ So by now you have checked your score right?! You might be wondering how they arrive at that score and what calculations it's made up of. One of the largest factors in determining your score is...PAYMENT HISTORY. ⠀
- Have you paid your bills on time? ⠀
- How late were your payments? ⠀
- Is it one trade line (what the industry calls a loan product)? Or more? ⠀
- Do you have any outstanding collections? ⠀
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Payment history makes up 35% of your credit score. So if you have a credit card, line of credit, car loan, mortgage, these are all major lines that are reported on your bureau. Even your phone bill counts. ⠀
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The lender looks at these and asks themselves, how much of a risk are you? Are you managing your bills well and paying them on time? They use this information from your score to make a decision on if they are going to lend to you or not. Make sure you are painting yourself in the best light. ⠀
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And if you find yourself in a spot with less than perfect credit, please reach out and we can go over how to raise your score and plan for your future success getting a mortgage. Click the contact button in my bio, I am just a phone call or email away!⠀
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