12 PHILIPPINE ASIAN NEWS TODAY March 1 - 15 , 2017
MYLENE LIM , AMP Licensed Mortgage Specialist
So you found your dream home . You have negotiated with your lender like a true champion . You have patiently provided all the documents required to get the mortgage approval in place . You have tackled the herculean task of planning the move – new cable , movers , hydro , maybe new school for the kids , etc . – and you are just giddy with excitement . You couldn ’ t wait for momentous day to come .
Then you get a call from your lender and suddenly it ’ s “ Houston , we have a problem .” Wait .. what ?! How can this be ?!! You already
Six NO-NOs Before Your Mortgage Closes
go approved ! Here ’ s an important issue you should always remember – your approval is only good as far as the information you have already provided and verified by your lender . Any changes to those and the lender may decline to fund the deal . So for this week ’ s article , I will talk about the most common ways people unknowingly jeopardize their approved mortgage and find themselves in a bind . 1 ) Do not quit your job You will have to inform the lender if there are changes to your employment and you will have to prove ( again ) that your new income would be able to cover your financial obligations . This may not be a problem if lender could verify your new employment ( within the timeframe available ) but if you ’ re on probation or on commission basis , then you may have an issue .
2 ) Do not do anything that would reduce your income
This is in conjunction with # 1 . Yes , it ’ s okay if you get a raise but dropping from full time to part time before your purchase closes is not a good idea . Your reduced income may not cover your financial obligations and so the lender may retract the commitment issued . 3 ) No big purchases Postpone buying that new couch or that new car to go with that new house until the mortgage has funded . Your increased debt payments might make the ratios off at which case you might find yourself with a new couch and a new car but without a new home . 4 ) No changes on down payment source
Your solicitor may verify the down payment source you provided the lender and the solicitor is obligated to inform the lender of changes , which might leave you at risk to have your mortgage being withdrawn . Do not move your money from one account to another to avoid confusion and be obligated to provide more documentation to establish down payment source . 5 ) Credit Make sure do not do anything to bring your credit score down . Even if you do not increase your debt load , you have to make sure that your credit score remains as is , if not better . Make sure you pay all your bills on time , including that minimal cell phone bill . This would also not be the time to apply for new credit cards and having your credit record pulled by creditors for new applications .
6 ) No change on your status
Now won ’ t be the time to suddenly get married , divorced , or separated . Leave matters of the heart at bay until after mortgage has funded . Your new status might mean additional financial obligations and supports that you haven ’ t had when you got approved .
For more information , please feel free to contact me :
Cel : 604 783 9097 / Email : mylene . mortgage @ gmail . com / Web : www . BestOptionMortgages . ca / FB : Mylene Lim , AMP
Senator Enverga questions federal government ’ s commitment to fund Scarborough subway extension
Burnaby , B . C . - Magtatalaga ang TELUS ng $ 150 milyon upang magkaroon ng fibreoptic network ang 90 % ng mga kabahayan at mga negosyo sa Burnaby . Sinimulan na ang plano at sa summer magsisimula ang konstruksyon nito . Umaasa ang TELUS namakakabitan ang lahat ng mga kabahayan ay negosyo sa katapusan ng 2019 .
“ Direct fibre connection unleashes infinite possibilities .” ayon sa Executive Vice-President ng TELUS na si Tony Geheran , “ This investment will dramatically improve Internet speed and capacity
Ottawa , March 2 , 2017 – Today , the Honourable Tobias C . Enverga Jr ., Ontario Senator , questioned the Government Representative in the Senate during question period about the Trudeau government ’ s commitment to provide funding for the completion of the Scarborough subway extension .
“ Cost estimates for the Scarborough subway extension continues to rise , which means that it is now more important than ever that the federal government keeps its promise of providing funds for this infrastructure project ,” Senator Enverga said in a statement . “ However , the Trudeau government has a tendency to not follow through on its commitments and to allow significant funding to lapse , as indicated in the recent report of the Standing Senate Committee on National Finance . This trend has become a source of alarm for many concerned citizens in Scarborough who would like to see the subway extension project come to fruition ,” the Senator added .
The question raised by Senator Enverga aims to confirm the federal government ’ s commitment to support public transit projects in the Greater Toronto Area , specifically
$ 150M investment , itatalaga ng TELUS para sa advanced fibre optic network sa Burnaby
for residents and businesses in all corners of Burnaby , as well as health care facilities and schools .
Fiber is the future . Once the build is complete Burnaby will be connected to the gigabit-enabled TELUS Pure Fibre network , ensuring the city has enough bandwidth and capacity for generations to come ”, sabi rin ni Geheran .
Ang gigabit-enabled TELUS PureFibre network ay isa sa mga pinaka-advanced na infrastructure network sa komunikasyon sa mundo ngayon . Dahil dito , mabilis na internet speed na hangang 150 magabits per second ang maaring magamit . At maari ring makakuha ng mas-malaki at mas-mabilis na internet ang mga ang mga interesadong negosyo , eskwelahan , mga healthcare providers , at iba pang mga institusyon .
Sa paglaki ng demand , maglalagay ang TELUS ng mas-malaki pang kapasidad na sapat sa mga taon na darating . Ang bagong imprastraktura ay magiging backbone ng TELUS wireless network para sa mas-malaking kapasidad and mas-mabilis na internet .
Magagamit ito ng mga lokal na healthcare providers , taga-pagturo at mga technology companies upang makapagplano ng mas-maganda at makapagbigay sila ng mas-mabuti at bagong serbisyo .
“ We are thrilled that Burnaby citizens and businesses will soon enjoy the significant benefits of direct fibre connection ,” pahayag ni Mayor Derek Corrigan na mayor ng Burnaby . “ As home to BCIT , SFU and a tremendous wealth of knowledge-based industry leaders , Burnaby ’ s continued economic prosperity is closely linked to its ability to offer the highest-quality Internet connectivity .
This investment by TELUS will ensure that we do so , while also enabling our citizens to access all of the broadband applications and that of the subway system extension to Scarborough .
The Government Representative , Senator Peter Harder , responded with a promise to inquire about the funding for this specific project .
“ I assure all members of the public that the government ’ s response will be shared with them as soon as it is available ,” Senator Enverga ended .
services on which we all now rely .”, dagdag pa ni Mayor Corrigan .
Ang pamumuhunan na ito ay isa sa mga pangako ng TELUS na mag-talaga ng $ 4.5 bilyong investment sa buong B . C . mula 2016 hanggang 2019 , isang puhunan na hindi mangagaling sa mga taxpayers . Alamin ito at iba pang impormasyon sa telus . com / burnaby .
Ang TELUS ( TSX : T , NYSE : TU ) ay ang pinakalumalagong national t e l e c o m m u n i c a t i o n s company sa Canada na may annual revenue na $ 12.8 bilyong , at may 12.7 milyong subscriber connections , kasama ang 8.6 milyon na
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