Remax Results Awards 2013

awardWe would like to thank all of our Friends, Family, Clients and past clients who have and continue to support us through the years. We strive on being the best agents possible and with out all of these great people we would not have been able to help out as many families as we did this year.

We always appreciate all your referrals and will continue to help out in any way we can. Thank you everyone from all of us in the Cardas Mugridge Group.

2013 Awards:

The Cardas Mugridge Group 2013 awards:

  • 2013 Top Listing Team Maple Ridge Remax results realty
  • 2013 Top Team GCI Maple Ridge Remax results realty

Kris Mugridge 2013 individual award winner:

  • 2013 Medallion member (top 10% in greater Vancouver)
  • 2013 Remax 100% club
  • 2013 Remax results realty Top 5 Children’s Miracle Network Supporters
  • 2013 Remax results realty Top 3 Maple Ridge Performers GCI

Mark Cardas 2013 individual award winner:

  • 2013 Medallion member (top 10% in greater Vancouver)
  • 2013 Remax 100% club
  • 2013 Remax results realty Top 5 Children’s Miracle Network Supporters
  • 2013 Remax results realty Top 3 Performers Port Coquitlam GCI

 

Top 3 GCI Port Coquitlam Remax results Office(Mark)Mark Medallion

Top Team GCI Remax Results Maple Ridge

Top Listing Team Remax Results Maple Ridge

Top 3 GCI Maple Ridge Remax results Office(Kris)

Top 5 Children Miracle Network Supporters Remax Results

New Mortgage Rules!

Department of Finance has announced tightening on mortgage rules again. Below is a brief summary of the changes. We’ve seen this happen continuously over the past 4 years as the government tries to minimize overall household debt.

The following changes will be in effect July 9, 2012:

  1. Reducing max. amortizations to 25 yrs on high-ratios insured mortgages (meaning mortgages with less than 20% down payment or equity)
  2. Eliminating lending on high-ratio mortgages over $1 million
  3. Reducing the maximum amount for refinances to 80 % of the current market value. Currently that maximums is set at 85 %.
  4. Reducing the ratio’s that borrowers can go up to for mortgage financing overall.

Reducing an amortization for a $300K mortgage at 3.29% from 30 years to 25 years is a difference of approximately $156 per month.

Perhaps the government should finds ways of increasing the liquidity of consumers by changing tax policies, which are imposing taxes on Canadians at every turn.

In summary; if you are looking to purchase a home and need a longer amortization to qualify for the amount you need, act now.

If you are looking to refinance your home to access the maximum amount of equity, act now.

You have until July 9 to do this and as we get further communications from lenders on these changes, we will continue to keep you informed.

If you have any questions at all, don’t hesitate to contact the Cardas Mugridge Group at 604-259-0595.

Signup for our Foreclosure Sales List

Are you looking for that special deal? Well why not join the hundreds of people that are purchasing Foreclosures and Court Ordered Sales across BC. We deal with a lot of foreclosures and they might seem like they are difficult but if you know all about the process and how it works it could be a great investment!