Real EstateReal Estate&&

Financial ServicesFinancial ServicesPower TeamPower Team

BNI Simcoe Executives

DREAMS & GOALSDREAMS & GOALS

3 MOST IMPORTANT GOALS - RANK THEM IN ORDER OF IMPORTANCE Increase Income  Save Tax   Have My Own Business   Children's Education   Buy a Home or Cottage   Pay Off Mortgage Early   Pay Off Debts   Protect My Family's Income  

Client Financial SnapshotClient Financial SnapshotMANAGE DEBT

• Do you have a current plan for getting out of debt? __ Yes __ No                          

• What is it?      

                                                                                             

LIABILITIES

LOAN TYPE - Co. - BALANCE - PAYMENT - INT% - YRS LEFT - TERM AMT

• Mortgage(s):                         

• Mtg Ins              

• Property Tax              

• Vehicle(s):           Year: Make:

• Credit Card 1, 2, 3, 4?                 

• LOC 1 , 2?         

• Other              

TOTAL:            

Save Your Down Payment!Save Your Down Payment!DP Saving Strategies:• Set up a regular automatic savings plan• Save any special monetary gifts you may receive• Use any investments or other collateral you may have1

• Take advantage of the RSP Home Buyers' Plan

Consider using your RSP to help with your down payment• RSP First Time Homebuyer's plan• Must be repaid within 15 years, subject

to a minimum annual repayment

The Plan

• The average First Time Home Purchase in the Barrie area is: $250,000

• 95% available on first time purchases• Will need minimum 5% DP = $12,500

Savings Calculator Results

• Monthly savings $666.00• No. of months 18• Rate of return 7%• Total deposited $11,988.00• Total saved with interest $12,617.00• Tax refund after first 12 months $1,598 .00

Funds must be invested 90 days before being eligible for use with Home Buyers Plan

Mortgage Pre-Qualification •Personal Interview with client •Ability and freedom for client to be totally honest •A TRUE prequalification•Able to choose lender specifically•Advice on the best term, features important to client and any other preference…. (lender choice, portability, etc)

House Number 1 House Number 1

Listed for $209,000. Sold for $185,000.Listed for $209,000. Sold for $185,000.

House Number 2House Number 2

Listed for $194,900. Sold for $189,000.Listed for $194,900. Sold for $189,000.

House Number 3House Number 3

Was Listed for $209,000. Never Sold. Was Listed for $209,000. Never Sold.

House Number 4

Listed at $234,900. We buy for $225,000!

And The Dream Comes True!And The Dream Comes True!

Approval Time!Approval Time!• Help client keep on target with timing deadlines (paperwork, contacting

lawyer, etc)

• Appraisal is ordered and cleared by lender, if one is needed

• Lawyer documentation is faxed

• Follow up with lender for any changes

• Make sure lawyer is instructed by lender

• Answer any last minute questions or concerns of client prior to the closing date

Bank VS WFG InsuranceBank VS WFG Insurance

Protect more than your mortgage...Protect more than your mortgage...

……protect your family’s future.protect your family’s future.