Parade of Homes

Sanford, MB Imagine living with all the comforts of big city life with the quiet and calm of a small town. Meadowbrook Villas in Sanford, located just 15 minutes from Winnipeg, is an adult lifestyle community designed for residents 50+. Enjoy the clubhouse with a fitness room, library, and games room, take a stroll along the pathways, and enjoy the quiet of rural life. A variety of lots are available which create opportunites to design and build a custom home. For more information, please contact Grandeur Homes, your custom factory-built home designer. 204.885.0547 | info@grandeurhomes.ca www.grandeurhomes.ca However, SCU applies its own criteria for mortgage applications, and its lending experts ensure mortgage solutions are prudent, and in the borrower's best interest. "We actively work to find a way for you to have a house that you are proud to call home, with payments that allow you to enjoy life and save for the future," Nurse says. Whether your lender is a bank or credit union, it never hurts to have a little extra socked away. First-time home buyers can put portions of their RRSPs towards a down payment without tax implications, while buyers with a three- to five-year plan would do well to invest any existing savings into a coinciding term deposit that earns higher rates. "In general, one of the best ways to accelerate your savings is to automate the process," Nurse says. "Planning a budget that includes saving means you can transfer the funds into your savings account automatically — at whatever pace works best for your current needs." To pay down existing debt, buyers can explore flexible options that allow them to consolidate and pay off high-interest loans and credit card bills, with a more significant amount going towards the principal. To pay down mortgage debt more quickly, Nurse again suggests meeting with a lending specialist who can help you arrive at a tailor-made solution. "All of our mortgages offer the ability to apply 20 per cent of your original mortgage amount as a principal payment throughout the year," she says. "This can be done as a one-time lump sum payment, accelerated bi-weekly payments, or scheduled principal- only payments — whatever suits your financial capabilities. "We also offer the ability to use your equity to secure a lower interest rate on a loan to help consolidate higher interest debt without refinancing your existing mortgage. Having the loan and your mortgage as two separate liabilities can help you more easily accelerate your loan's payoff, while maintaining the equity you have in your home." GETTING A MORTGAGE? Cont'd from page 39 40 Parade of Homes Spring 2018

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