Veronica Bowling Real Estate - Royal LePage

Two. Happy Birthday my son.

My warrior, my sweet, loving little trouble maker. You light up my life with your feisty, hilarious little soul. I love every moment of you. You are a proud, determined, fearless little man with your sister in tow to get you out of trouble. Most of the time you’re the one dragging her along for trouble making.

Celebrating last year was heartbreaking. We sang happy birthday to you in our garage with family waving from the driveway. We will make sure every one of your local grandparents gets to hug you this weekend.

Life happens once. This weekend we celebrate you my son. Thank you for bringing so much joy into all of our lives every day.

Happy Birthday Rhys (for all of you still wondering how it’s said, it’s like “Reese” - not Rice)

We looked at nearly every rancher in Maple Ridge. Fought some good battles and came out on top! So happy to share more about this property when the ink is dry.

 
Want to chat? Here’s how to message me: 
 
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Phone: 604-374-8834 
Email: [email protected]
www.veronicabowling.com 

veronicabrealestate

How to use the equity in your home to purchase an investment property and why NOW is a great time to invest. (Check out the calculation below).

Did you know you can borrow up to 80% of your home’s value to purchase a second property? With a hot seller’s market currently in full swing and home values skyrocketing, now’s a great time to maximize your lending potential. Here’s how it’s done:

🏡 Clean up your debt servicing ratio. A debt servicing ratio is a person’s ability to repay their debt. It is compared by looking at income to debt-related obligations. So you’ll want to lower amounts owing on credit cards and loans.
🏡 Contact me so I can walk you through the process and connect you to the right lenders that can make your dream happen. Some lenders are willing to do a more generous debt servicing ratio.
🏡 Determine the market value of your home through an appraisal.
🏡 Calculate how much of your home value you could use for a down payment (see below)
🏡 Requalify for the higher mortgage amount of your current outstanding mortgage plus the added amount you’d like to borrow.
🏡 Let me find you your second property.

Calculation: Let’s say your home is worth $900,000.00 with $500,000 remaining on your mortgage. 80% of the value of your home is $720,000.00. From that amount you’d subtract your remaining mortgage amount of $500,000.00 and whatever your mortgage penalty is ($10K for our example). You’re now left with $210,000.00

If you’re looking to purchase a property to rent out, lenders can utilize 50% or the rental income to help with your debt servicing ratio. For most people the challenge is debt servicing ratio so this is where a consignor is a great person to partner with.

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www.veronicabowling.com