What’s better? A variable rate or fixed rate mortgage?

By 179479 on Thursday, June 8th, 2017 in Uncategorized. No Comments

The benefit to fixed rates is that they offer certainty in your monthly payment. You can be sure that what you pay tomorrow will be the same you’ll pay for the entirety of your mortgage term. On the other hand, variable rate mortgages tend to be lower than fixed rates, but are the riskier of the two mortgage choices. Variable rates increase or decrease along with the prime rate. Your income, lifestyle and risk tolerance may weigh on your decision and will inevitably determine which mortgage product suits your family’s needs.
The greatest appeal of variable rate mortgages is that the interest rate is typically lower than fixed rate mortgages. Understanding the risk is a necessity before moving forward. Without warning, interest rates can increase. What you want to ask yourself is, “If rates were to increase by as much as 2%, could we still afford the payment?” and “Would we still be able to sleep at night?” If you answered yes to both questions, then you may be OK to consider a variable rate mortgage.
The gap between variable and fixed rates have narrowed in recent years. For example, at the time of this writing, TD Canada Trust offers a 5-year variable closed rate at 2.34%, whereas their 4-year fixed closed rate is at 2.47%. Given only a 0.13% rate reduction, many will find it’s not worth the risk to go with a variable rate, and prefer to lock in at the 2.47%.

 

It goes without saying, the lower the rate, the lower your payment. If you had a $300,000 mortgage at 2.47%, amortized over 25 years, you can expect a payment of approximately $1339/mos. The same mortgage amount and terms, at a rate of 2.34% lowers your payment to approximately $1320/mos. The question you want to consider is, “Does saving $19/mos. make the risk worth it?” Most will agree, this is a minimal price to pay for security and peace of mind for years to come.

Some people may choose a variable interest rate with plans to watch the rate and convert it when rates start to rise. Keep in mind, when you convert your mortgage to a fixed rate, you convert it at the rate at the time of conversion. If rates start going up, they’ll likely rise faster than they come down. It’s imperative you speak with your mortgage broker about what options you have to convert your mortgage as all mortgage products differ slightly.

You also want to consider the length of your mortgage term. The length of time you plan to live in the property will have a bearing on the length of your mortgage term. If you don’t plan to stay for at least 5 years in your home, you may want to choose a 3 or 4 year fixed mortgage to avoid high payout penalties.  The standard penalty to pay out a fixed rate mortgage is either three months’ interest or an interest rate differential, whichever is greater of the two. Though the average length of a mortgage term is 5 years, 3 and 4 year fixed rates have become more attractive.  Options are limited for variable rates with terms less than 5 years, and the rate tends to increase quite significantly.

 

So what option is best for you? Consider what amount each month is worth your peace of mind. If you were buying a property or renewing your mortgage today, most would agree a fixed rate is the preferred option. Before deciding with certainty speak to your mortgage broker to get his or her professional advice. If you don’t already have a mortgage broker, contact Marc Beaulac at 780-232-2265.

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others related to real estate contact LIKE our Jason Rustand Team Facebook page, call Jason direct at 780.919.0004, email jrteam@shaw.ca or visit WeSellLeduc.com


E4068664 : Just Listed

By on Thursday, June 8th, 2017 in Uncategorized. No Comments

Warm & inviting, this 1951 sq ft, 4 bedroom, 2.5 bath 2 storey in popular Southfork is calling you home! From the lovely front entrance, to the fenced and landscaped back yard with oversized deck, every part of this home will make you want to move in today! The main floor is open concept with lovely neutral paint colours and trim. The living room has a gorgeous gas fireplace with exquisite mantle & tile surround. The warm hardwood & kitchen cabinets with spacious island are sure to delight! There is a ton of natural light from the large windows & glass doors leading out onto the spacious back deck. Relax on the second floor with a generous sized bonus room, just a few steps up to the bedrooms. The master suite has an inviting 4 pc ensuite including a tile surround soaker tub & stand up shower. Two more bedrooms & second 4pc bath complete the upper floor. The basement is 60% finished, including framing, drywall, electrical and one bedroom complete. Finished up with spacious garage with awesome workbench! View Listing Details …


E4066005 : Just Sold

By on Tuesday, June 6th, 2017 in Uncategorized. No Comments

Gorgeous open concept and vaulted ceiling on the main floor of this 1326 sq ft, 5 bedroom, 3 bath bi-level home in a family friendly neighborhood, will make you want to move right in! Beautifully designed kitchen with large pantry, island and plenty of windows with natural light! With the open layout, your family can all be in the same space together easily! A 3 pc bath and bedroom finish the main floor. Up the stairs is the master bedroom with a large ensuite, including soaking tub with tile surround and bright windows, not to mention the walk in closet space where you can get ready for the day all in one room! The basement is fully finished with three more bedrooms, a fantastic family room, and an additional 4 pc bathroom. This home is designed with your larger family in mind! Off the kitchen you will find a lovely elevated deck (with storage underneath), fully fenced and beautifully landscaped yard with brick fire pit and backing onto the walking trails. It doesn’t get much better than this! View Listing Details …


E4067729 : Just Listed

By on Tuesday, June 6th, 2017 in Uncategorized. No Comments

Bring your heart for outdoor living to this amazing acreage just 15 min (on pvmt) from Leduc in Cloverlawn Estates. A gorgeous view, 1631 sq ft, 3 bed, 3 bath bungalow & 19+ acres of green space to call your own!! The home boasts vaulted ceilings, large open concept main living area, & tons of natural light from a plethora of windows! The master bedroom is spacious & the 5 pc ensuite is a dream! There are two more bedrooms & a 4 pc bath with laundry on the main floor. In the basement you will find a beautifully finished basement with wood stove & plenty of room for entertaining, along with a 4th bedroom & 3 pc bath. The large property has many family fun features, including a trout pond & a golf hole, with plenty of space for biking, walking, quadding, snowshoeing, snowmobiling, etc! Outbuildings galore with a db attch garage, 24×30 db detch shop (with generator hook up) & 12×24 single detch garage, not to mention the storage sheds & greenhouse! Beautifully landscaped, with a new vinyl white ranch fence! View Listing Details …


E4067747 : Just Listed

By on Tuesday, June 6th, 2017 in Uncategorized. No Comments

Clean, quiet & elegant are just a few words to describe this 1238 sq ft adult only (18+) single level condo at The Springs at Bridgeport Crossing. It is a beautiful suite with 2 bedrooms, 2 bathrooms and 2 balconies, & natural light all day from the oodles of sw and north facing windows! There is a cozy gas fireplace & sliding glass doors to one balcony in the living room & the kitchen has lovely cabinets, tile back splash & granite counter tops. The master is a good size with a walk in closet and 3 pc ensuite and sliding glass doors to the second balcony. There is in-suite laundry and six appliances come with the unit, as well as being equipped with air conditioning. This unit also includes two heated underground parking stalls, and your condo fees include heat, water and sewer. The building includes a social room, library, and guest room options. This condo is perfect for the person who is ready to downsize and with newer paint and trim along with immediate possession, it is move in ready! View Listing Details …


4 P’s to Adding Instant Curb Appeal to your Home!

By 179479 on Tuesday, May 30th, 2017 in Uncategorized. No Comments

 

I’d imagine all of us are thankful for the warmth and freshness the spring season brings. Spring signifies renewed life as we see full trees, green grass and people out walking and biking again. It also comes with extra work cleaning out the garage, driveway, lawn care and more. For those of us who appreciate being organized, it’s an exciting time!

 

As you get into clean up mode, we want to share with you a few simple and fantastic ideas to add instant curb appeal to your home.

 

Pressure Wash. Last year I got a pressure washer for Father’s Day and was amazed at how much extra dirt it removed from our driveway and walkways compared to the garden hose. Before washing, you may need to remove oil or gas stains. If the stains are wet, they can be covered with a natural absorbent like baking soda or corn meal. Allow the absorbent to sit for 2 hours and then use a broom to sweep it up. If the stain is old, wet it with water and scrub it with a baking soda paste (3 parts baking soda : 1 part water). Scrubbing it with a stiff brush will help lift the stain, however the process may have to be repeated. If you’re working with a stubborn stain, you could cover it with a small amount of oven cleaner, let it sit for 10 minutes, wash off with a safe detergent, and then rinse thoroughly.

 

Paint.  Paint will always add a fresh look whether it’s with the interior or the exterior of your home. If you’ve considered adding a little extra color, check out the Front Door Paint App. This App allows you to take a photo of your front door area and choose different color options to see how they look. It’s a quicker option to discover what you really want compared to testing out a color, just to redo it later.

If you’re in an older neighborhood with old vinyl siding, pop by Leduc Wall Fashions to ask what options are available to paint your siding. We’ve had various friends and clients over the years paint their older vinyl, trim and shutters, making their house look nearly new again for only a few hundred dollars compared to spending thousands in replacement costs.

 

Plant. If you’ve recently been to Canadian Tire, Co-op or nearby greenhouses you’ve seen the busyness the planting season brings. From trees to shrubs, flowers to pots, the options are endless to add warmth and color to your exterior. To spruce up your flower beds, consider adding some stone or brick hedging. You may even want to raise and/or tier your flower beds in front of your porch. If your time is limited, there are a variety of hanging planters and flower pots available for a reasonable cost. For quick and easy planting tips, check out https://www.youtube.com/watch?v=tz4lFHG9ElY

 

Porch.  If you’re one to browse Pinterest, you’ll see endless options to making your front porch more personalized and welcoming. Today we see a variety of welcome signs, mats, plants, pots, cozy chairs, corner benches, throw pillows, coffee tables and more.  If you are looking for a good place to begin, simply Pinterest porch décor for limitless ideas. From there, you can forward samples of welcome signs, benches, chairs, and décor designs to rustic specialist CassAna Custom Woodworking and Décor on Facebook. If you’d like chairs, signs and designs with some color, send your photos to the highly sought after Teresa Santana at 780-234-4017.

 

We’ve always believed the statement, “A little extra goes a long way”. You don’t need to spend thousands of dollars to make your home look great. Sometimes it’s the little things that make the biggest difference. If you’re in the market to buy or sell a home and don’t already have a local, professional Realtor working for you, it’d be our pleasure to help! Feel free to contact us today!

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others related to real estate contact LIKE our Jason Rustand Team Facebook page, call Jason direct at 780.919.0004, email jrteam@shaw.ca or visit WeSellLeduc.com

 

 

 

 

 


E4066700 : Just Listed

By on Tuesday, May 30th, 2017 in Uncategorized. No Comments

Looking for a gorgeous property close to town? Then have a closer look at this 1801sq ft fully developed 5 bedroom bungalow. Built in 2013 & located on 1.22 acres in the highly sought after subdivision of Vantage Pointe (only 5 miles east of Beaumont). Loaded with hardwood, granite, crown molding, high end baseboards, trim & doors & soaring 12ft ceilings. Sit back & relax in living room w/gas fireplace & floor to ceiling stone surround. Cook in your open kitchen w/espresso maple cabinets contrasting its beauty w/light granite. High end SS appl. Lg dining room could be used as den/office. Huge windows offering great views in every room. Master w/walk in closet & 5pce ensuite incl. soaker tub & glass enclosed shower. 2 more large beds, full bath & laundry on main. F-fin bsmt w/huge family room, wet bar w/stone surround. 2 add’l beds & full bath in bsmt. Deck w/upgraded railings & vinyl flooring w/access from dining & master. Trp att. htd garage. Before you decide on any home, you must check this one out! View Listing Details …


E4066692 : Just Listed

By on Tuesday, May 30th, 2017 in Uncategorized. No Comments

You’ll want this beautiful custom built 3027sq ft fully-fin 2 sty on 4.82 acres. Only 5min to Leduc. 60X36 shop w/2nd garage w/self-contained 792sq ft 1 bed suite. Entertain from your huge kitchen w/full fridge & freezer, dbl wall oven w/warm drawer, 6 burner gas range w/BI pot filler & huge island. Full granite package throughout. Sit back in your cozy living room w/18ft floor to ceiling rock fplace, high end BI shelves & electric blinds. Front den is perfect for home office. Main floor master w/5 pce ensuite & huge WI closet. Total of 5 beds & 4.5 baths. All beds have WI closet w/organizers. 2nd bed w/3pce ens. Beds 3 & 4 have Jack & Jill bath. Enjoy the newest releases in your theater room w/raised seating. Large family room w/WB fireplace, wet bar w/SSfridge & BI dishwasher. De-stress in your cedar sauna. House, garage, shop & suite all w/infloor heat, triple pane windows & spray foam insul (3X efficiency). BI sound system/intercom. Encl. 3 season sun room w/maint. free deck. Ext. hot & cold taps. View Listing Details …


E4066315 : Just Listed

By on Friday, May 26th, 2017 in Uncategorized. No Comments

Gorgeous inside & out, this 2637 sq ft, 3 bed, 2.5 bath home in Southfork is calling you to come home! The large beautifully landscaped yard along with the lovely stone siding & over sized garage boost the curb appeal! Not to mention it backs onto green space with walking paths! Inside, you will find every part of this home well planned out & beautifully detailed. The main floor has a wood stove in the open concept living room/kitchen area along with an appealing wood feature wall. The kitchen is lovely with tons of cupboards & full pantry. Upstairs the large bonus room has vaulted ceilings & oodles of natural light! The generously spaced master bedroom has a gorgeous 5 piece ensuite with tile surround soaker tub, separate shower and walk in closet! Two more bedrooms, laundry room, & a 4 pc bath complete the upper level. The basement is unfinished but has huge potential to be created according to your specific needs. The back yard is perfect for a kids & includes a great playset & deck. View Listing Details …


E4065971 : Just Listed

By on Friday, May 26th, 2017 in Uncategorized. No Comments

Beautiful 1532 sq ft, 3 bed 2.5 bath in Southfork is move in ready and perfect for your family! The open concept main floor is gorgeous with lovely flooring, trendy paint and a cozy fireplace! The front entry has a large closet and the front bathroom is great for guests. Stainless Steel appliances and oodles of cupboards make the kitchen a delight! Upstairs there are three good sized bedrooms. The master includes a walk in closet, 4 pc ensuite and large south facing windows! In the partially finished basement (just needs bathroom completed) there is wide open space, perfect for a play room, family room, or theater room. The landscaped yard and back deck make the outdoors welcoming! There is back lane access and enough parking in the rear for your vehicles or small RV. Backing onto a field, this space feels wide open and is a gorgeous place to enjoy the sunsets in the evening. View Listing Details …