tag:blogger.com,1999:blog-82783640007172046192024-03-06T12:02:44.330-08:00Personal FinanceJeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-8278364000717204619.post-55596085697808619312022-10-28T19:49:00.011-07:002022-11-19T06:07:22.456-08:00Passive Income Investing - How to Earn Money through Dividends<p><b>Passive Income Investing </b></p><p><b>How to Earn Money through Dividends </b></p><p><br /></p><p>View my monthly dividend payments in my</p><p>YouTube channel <a href="https://m.youtube.com/playlist?list=PLFHMd4NXzFqgDFKfXNwfLdLbiewssN5Ac">Eternalson17</a></p><p><a href="https://m.youtube.com/playlist?list=PLFHMd4NXzFqgDFKfXNwfLdLbiewssN5Ac">Wealthsimple Monthly Dividend Payments</a></p><p><a href="https://my.wealthsimple.com/app/public/trade-referral-signup?code=TIFLVW">Earn $3000 cash from Wealthsimple by signing up here </a><br /></p><p> </p><div><b><span style="font-size: medium;">RRSP MONTHLY DIVIDEND PAYMENTS</span></b></div><div><br /></div><div><br /></div><div>2022 NOVEMBER </div><div><br /></div><div><br /></div><div>WEEKLY INCOME = $31</div><div><br /></div><div>Nov 15 - ENS = $6.11</div><div><br /></div><div>Nov 15 - EIT.UN = $5.20</div><div><br /></div><div>Nov 15 - RS = $0.91</div><div><br /></div><div>Nov 14 - LBS = $8.90</div><div><br /></div><div>Nov 14 - GDV = $8.10</div><div><br /></div><div>Nov 14 - SBC = $1.00</div><div><br /></div><div>Nov 14 - PWI = $0.93</div><div><br /></div><div><br /></div><div>WEEKLY INCOME = $57</div><div><br /></div><div>Nov 10 - DFN = $35.20</div><div><br /></div><div>Nov 10 - FTN = $12.19</div><div><br /></div><div>Nov 10 - SDIV = $1.81</div><div><br /></div><div>Nov 10 - HYLD = $1.26</div><div><br /></div><div>Nov 10 - HDIV = $1.13</div><div><br /></div><div>Nov 10 - INC.UN = $1.02</div><div><br /></div><div>Nov 10 - GLCC = $1.08</div><div><br /></div><div>Nov 10 - DS = $0.94</div><div><br /></div><div>Nov 9 - HDIF = $0.99</div><div><br /></div><div>Nov 8 - JEPI = $1.62</div><div><br /></div><div><br /></div><div>WEEKLY INCOME = $10</div><div><br /></div><div>Nov 1 - SVOL = $3.49</div><div><br /></div><div>Nov 1 - QYLD = $2.66</div><div><br /></div><div>Nov 1 - RYLD = $1.60</div><div><br /></div><div>Nov 1 - XYLD = $1.09</div><div><br /></div><div>Nov 1 - FCO = $2.19</div><div><br /></div><div><br /></div><div>-----------------------</div><p>2022 OCTOBER</p><p>Oct 31 - CLM = $61.85</p><p>Oct 31 - GOF = $2.48</p><p>Oct 31 - FAP = $0.92</p><p>Oct 17 - BSO.UN = $1.65</p><p>Oct 17 - PWI = $0.40 </p><p>Oct 17 - GDV = $8.10</p><p>Oct 17 - DGS = $225.90</p><p>Oct 17 - SBC = $0.70</p><p>Oct 17 - LBS = $8.90</p><p>Oct 14 - EIT.UN = $5.20</p><p>Oct 14 - RS = $0.52</p><p>Oct 14 - ENS = $6.11</p><p>Oct 13 - SDIV = $1.17</p><p>Oct 13 - GLCC = $0.81</p><p>Oct 13 - HDIV = $1.00</p><p>Oct 13 - HYLD = $0.70</p><p>Oct 11 - JEPI = $0.66</p><p>Oct 7 - FTN = $12.19</p><p>Oct 7 - DFN = $35.20</p><p>Oct 7 - HDIF = $0.42</p><p>Oct 7 - DS = $0.47</p><p>Oct 7 - INC.UN = $1.02</p><p>Oct 3 - SVOL = $3.49</p><p><br /></p><p>__________________________________</p><p><br /></p><p>ADVANTAGES OF DIVIDEND INVESTING </p><p><br /></p><p>1. Passive Income on a regular basis </p><p><br /></p><p>2. Consistent and predictable cash flow </p><p><br /></p><p>3. Less stressful, not worrying about daily market fluctuations </p><p><br /></p><p>4. Lesser work and time compared to actively choosing stocks for day trading </p><p><br /></p><p>5. Buy and Hold strategy means no need to time the market to Sell stocks or shares</p><p><br /></p><p>6. Earn more money through compounding by using dividends to buy more shares </p><p><br /></p><p>7. Earn more distributions when companies increase the amount of dividends</p><p><br /></p><p>8. Save on fees and commissions by using DRIP - dividend reinvestment plan</p><p><br /></p><p>9. Proven & Tested way to earn money and build wealth </p><p><br /></p><p>10. Minimize risk by investing in well diversified ETFs, closed-end income funds and split funds </p><p><br /></p><p>11. Buying at a low price or at a discount increases dividend yield </p><p><br /></p><p>____________________</p><p><br /></p><p><br /></p><p>DISADVANTAGES OF DIVIDEND INVESTING </p><p><br /></p><p>1. Dividends are taxed more than capital gains </p><p><br /></p><p>2. Reduced or no dividends during recession or market crash </p><p><br /></p><p>3. Prices of dividend-paying funds or stocks grow or appreciate slower</p><p><br /></p><p>4. Need to wait a month, or a quarter to receive dividends </p><p><br /></p><p>____________________</p><p><br /></p><p><br /></p><p>HOW I EARN MONEY THROUGH DIVIDENDS </p><p><br /></p><p>1. Save consistently </p><p><br /></p><p>2. Buy regularly </p><p><br /></p><p>3. Take advantage of buying at a low price </p><p><br /></p><p>4. Buy diversified ETFs, closed end income funds, split funds to minimize risk</p><p><br /></p><p>5. Buy and Hold strategy </p><p><br /></p><p>6. Reinvest my dividends to buy more shares </p><p><br /></p><p>7. Wait for my monthly dividend </p><p><br /></p><p>-----------------------------------</p><div><div><b><br /></b></div><div><b>Top 30 Highest Dividend Paying Stocks</b></div><div><br /></div><div>ETFs - 10: </div><div>1. GLCC</div><div>2. HDIF</div><div>3. HDIV</div><div>4. HYLD</div><div>5. JEPI</div><div>6. QYLD</div><div>7. RYLD</div><div>8. SDIV</div><div>9. SVOL</div><div>10. XYLD</div><div><br /></div><div>----------------------------</div><div><br /></div><div>ETNs - 2:</div><div>11. SLVO</div><div>12. USOI</div><div><br /></div><div>----------------------------</div><div><br /></div><div>CLOSED-END FUNDS - 9:</div><div>13. BSO.UN</div><div>14. CLM</div><div>15. DS</div><div>16. EIT.UN </div><div>17. FAP</div><div>18. FCO</div><div>19. GOF</div><div>20. HGLB</div><div>21. INC.UN </div><div><br /></div><div>----------------------------</div><div><br /></div><div>SPLIT FUNDS - 9:</div><div>22. DFN</div><div>23. DGS</div><div>24. ENS</div><div>25. FTN</div><div>26. GDV</div><div>27. LBS</div><div>28. PWI</div><div>29. SBC</div><div>30. RS</div><div><br /></div><div><br /></div></div><p>____________________</p><p><br /></p><p><b><span style="font-size: medium;">EARN CASH </span></b></p><p><b><span style="font-size: medium;">from</span></b></p><p><b><span style="font-size: medium;">Wealthsimple</span></b></p><p><b><span style="font-size: medium;">by simply </span></b></p><p><b><span style="font-size: medium;">Referring your</span></b></p><p><b><span style="font-size: medium;">friends!</span></b></p><p><span style="font-size: medium;">____________________</span></p><p><span style="font-size: medium;"><br /></span></p><p><b><span style="font-size: medium;">Invite friends and get </span></b></p><p><b><span style="font-size: medium;">$3,000 cash </span></b></p><p><b><span style="font-size: medium;">from </span></b></p><p><b><span style="font-size: medium;">Wealthsimple </span></b></p><p><b><span style="font-size: medium;">using this </span></b></p><p><b><span style="font-size: medium;">referral code: </span></b></p><p><b><span style="font-size: medium;">TIFLVW</span></b></p><p><span style="font-size: medium;">____________________</span></p><p><span style="font-size: medium;"><br /></span></p><p><b><span style="font-size: medium;">Or use the link below to </span></b></p><p><b><span style="font-size: medium;"><a href="https://my.wealthsimple.com/app/public/trade-referral-signup?code=TIFLVW">Sign up to Wealthsimple </a><br /></span></b></p><p><b><span style="font-size: medium;"><a href="https://my.wealthsimple.com/app/public/trade-referral-signup?code=TIFLVW">https://my.wealthsimple.com/app/public/trade-referral-signup?code=TIFLVW</a><br /></span></b></p><p><b><span style="font-size: medium;">https://my.wealthsimple.com/app/public/trade-referral-signup?code=TIFLVW </span></b></p><p><span style="font-size: medium;"><br /></span></p><p><span style="font-size: medium;">====== $$$ ======</span></p><div><span style="font-size: medium;"><br /></span></div><div><div><br /></div><div><br /></div><div><br /></div></div>Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com0tag:blogger.com,1999:blog-8278364000717204619.post-2501635803471283392017-12-20T06:06:00.006-08:002017-12-20T06:13:47.825-08:00Rental Property Purchase Analyzer & Mortgage Calculator<h2>
Rental Property Purchase Analyzer & Mortgage Calculator</h2>
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEN5RaBi0mD0EvdmUWV2WVWChZ6VYBBv6Ctx2JPXc084w1yda7B8Fp363M9zceiOIpSOIBfzYjNOyW4sLlHGvptm6GARzkWa03TRzTGjvPvoZIf9nRAVbsFB03Lc1D1fEXPr603U6kmus/s1600/rent+analyzer.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="780" data-original-width="820" height="380" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEN5RaBi0mD0EvdmUWV2WVWChZ6VYBBv6Ctx2JPXc084w1yda7B8Fp363M9zceiOIpSOIBfzYjNOyW4sLlHGvptm6GARzkWa03TRzTGjvPvoZIf9nRAVbsFB03Lc1D1fEXPr603U6kmus/s400/rent+analyzer.jpg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Rental Property Cash Flow Analysis</td></tr>
</tbody></table>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirU7Njc32lJnTz6k89-bxhbG8Cp499wZ1PLPGjGRm2xgJBx1uaD9QH1fhXcepRpLp0FDRLc4Za8FSluUzK6E5Akd5ARxF8PseDw0_dQsjh9PF_GH8NXQWsUnsdsQmg_5jsbnOunXxiV4E/s1600/mortgage+calculator.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><br /></a></div>
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvbMsCPCYDmGAPYq-SENOvg1kYukSYCPYbUYcKozvtLv5dAvbU15QLhO8RYSeOiiYNSdl7dpNuQgV4E96a3zAzWoSe0We4oYPJFeyUDc_9ZTcEvDjWA-nPtzkD1AJWki452QYEzbonwMQ/s1600/mortgage+calculator.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="716" data-original-width="813" height="351" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvbMsCPCYDmGAPYq-SENOvg1kYukSYCPYbUYcKozvtLv5dAvbU15QLhO8RYSeOiiYNSdl7dpNuQgV4E96a3zAzWoSe0We4oYPJFeyUDc_9ZTcEvDjWA-nPtzkD1AJWki452QYEzbonwMQ/s400/mortgage+calculator.jpg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Mortgage Calculator</td></tr>
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<i>To change and adjust the values, go to:</i></h3>
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<span style="color: red;"><b><a href="https://docs.google.com/spreadsheets/d/1VMwObEgTEsrxsaeTuh7Csuj_VFrqGkSkQs0UpriV8qQ/edit?usp=sharing">Rental Property Purchase Analyzer</a></b></span><br />
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<span style="color: yellow;"><b><a href="https://docs.google.com/spreadsheets/d/1KgxryN-86O9v5pBqOk2nbOd1ONtGw2SsqiLKJm8S6Ps/edit?usp=sharing">Mortgage Calculator</a></b></span><br />
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Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com1tag:blogger.com,1999:blog-8278364000717204619.post-8380299529114122982015-01-04T14:21:00.002-08:002015-01-04T14:21:25.693-08:0025k a year = 100k in 4 years<br /><b>$25,000 per year ------- $2100 per month ($70 per day)</b><br /><br /> $701<br />+ $702<br />+ $703<br />-------------<br /> $2100<br /><br />$2100 x 12 = $25,000 per year<br /><br /><br />2016 = $25,000<br />2017 = $25,000<br />2018 = $25,000<br />2019 = $25,000 ------------ $100,000 per 4 years<br /><br />2020 = $125,000<br />2021 = $150,000<br />2022 = $175,000<br />2023 = $200,000 ----------- $200,000 after 8 years<br /><br />2024 = $225,000<br />2025 = $250,000<br />2026 = $275,000<br />2027 = $300,000 ----------- $300,000 after 12 years<br /><br />2028 = $325,000<br />2029 = $350,000<br />2030 = $375,000<br />2031 = $400,000 ----------- $400,000 after 16 years<br /><br /><b><br />TOTAL after 16 years</b><br />$400,000 <br /><br />(cost of house)<br /><br />Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com0tag:blogger.com,1999:blog-8278364000717204619.post-28658767129300092162013-12-23T10:33:00.003-08:002013-12-23T10:33:43.241-08:00How to change primary paypal email address - full bank account number<br />Changing a primary email address in paypal is very important especially if your primary email is compromised or disabled. This is the email address where transaction information is sent. Unfortunately, Paypal has inaccurate terminologies regarding bank account numbers.<br /><br />The message says that before changing your primary email address, the system wants to make sure that you are the owner of the account and thus it is asking your full bank account number.<br /><br />The word "FULL" that was used is misleading and incorrect. I have tried putting in the complete 5 digit branch code, the 3 digit institution code, and the 7 digit account number. This failed. <br /><br />Next I tried to input only the branch code and the account number, it failed again. <br /><br />I have to wait for one day for fear that after 3 attempts, the system might lock out my account.<br /><br />So the next day, I just entered the 7 last digits of my account number, and lo, and behold, it is finally a success.<br /><br /><b><br />How to change primary Paypal email address:</b><br /><br />1. Log in to Paypal<br />2. My Account<br />3. Profile<br />4. Add or Edit email<br />5. Add new email address<br />6. Go to your new email and press to Confirm<br />7. In Paypal, My Account<br />8. Profile<br />9. Add or Edit email<br />10. Select the (confirmed) new email address<br />11. Confirm<br />12. After it is confirmed, select this new email address<br />13. Make Primary<br /><br />* At this point, it will ask you to enter the "Full" bank account number"<br /><br />14. Enter the last 7 digits of your bank account number <br /><br /><b><br />Note:</b><br />Some people said they have succeeded in putting just the last 6 numbers of their bank account.<br /><br /><b><br />Conclusion:</b><br />Paypal should define precise formatting of the required bank account numbers.<br /><br /><br />Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com0tag:blogger.com,1999:blog-8278364000717204619.post-58631159453249486042013-08-24T12:54:00.001-07:002013-12-21T06:23:10.392-08:00Example of Authorization Letter to Withdraw & Deposit Money<b> </b><br />
<b> Sample FINANCIAL AUTHORIZATION LETTER</b><br />
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<br />
24 Aug 2013<br />
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To: ABZ FAMILY BANK - Legaspi Branch<br />
<br />
Re: Authority to Withdraw and Deposit Funds<br />
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Dear Sir/Ma’am:<br />
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This letter is to authorize <b>Jane Smith</b> to act on my behalf regarding my bank account number 1234-5678-90. <br />
<br />
I am giving my authorization to the above mentioned representative to withdraw and deposit money while I am out of the Philippines.<br />
<br />
<br />
<br />
Sincerely Yours,<br />
<br />
signature<br />
<br />
John Smith<br />
234 Queen Rd.<br />
Victoria, BC<br />
A2B 1C3 Canada<br />
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MONEY:</h3>
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<a href="http://personal-finance-investments-banking.blogspot.ca/2012/12/monthly-income-expenses-of-typical.html">Monthly Income & Expenses of a Typical Single, Young Professional in a Committed Relationship</a></h3>
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<a href="http://personal-finance-investments-banking.blogspot.ca/2012/12/how-to-stay-financially-healthy-and.html">How to stay financially healthy and stable (Do's and Don'ts)</a></h3>
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<a href="http://personal-finance-investments-banking.blogspot.ca/2012/12/term-life-and-universal-life-insurance.html">Term Life and Universal Life Insurance</a></h3>
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<a href="http://personal-finance-investments-banking.blogspot.ca/2012/12/how-to-save-10-million-pesos-in-20.html">How to save 10 million Pesos in 20 years for retirement in the Philippines</a></h3>
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INVESTMENT: </h3>
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<a href="http://personal-finance-investments-banking.blogspot.ca/2012/12/how-to-achieve-financial-investment.html">How to achieve financial investment success with your financial adviser</a></h3>
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<a href="http://personal-finance-investments-banking.blogspot.ca/2012/12/how-to-diversify-on-types-of.html">How to diversify on the types of investments for your personal investment portfolio</a></h3>
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<a href="http://personal-finance-investments-banking.blogspot.ca/2012/12/personal-investment-styles-risk.html">Personal investment styles & Risk tolerance of investors</a></h3>
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<a href="http://personal-finance-investments-banking.blogspot.ca/2012/11/mortgages-loaning-owning-buying.html">MORTGAGES, LOANING, OWNING, BUYING, REFINANCING, SELLING, MAINTAINING a Home, House, Condo, Property, Real State:</a></h3>
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Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com5tag:blogger.com,1999:blog-8278364000717204619.post-51546007918095710472012-12-16T09:43:00.001-08:002012-12-16T09:43:01.148-08:00How to achieve financial investment success with your financial adviser<br />- Save money regularly<br />- Setup your investment goals and financial objectives<br />- Establish an excellent relationship with your financial adviser<br />- Make sure your financial adviser understands your financial plan for the future<br />- After your financial adviser understood your financial objectives and goals, he/she should come up with a printout that outlines your financial plan indicating your financial goals, current financial situation, personality, age, degree of conservativeness, level of aggressiveness, and risk tolerance.<br />- Your financial adviser should come up with an investment strategy and investment portfolio tailored according to your financial situation, preferences, risks levels, expectations, goals, plans, and objectives<br />- Ensure a regular automatic investment amount taken monthly, bi-weekly, or weekly debit from your bank account<br />- Diversify. This is an essential investment strategy as it allows a reasonable asset mix of the types of investment for your portfolio allowing you to compensate for loses as well as take advantage of substantial gains<br />- Contribute regularly to your Registered Retirement Savings Plan (RRSP) as its growth is sheltered from tax<br />- Regular updates, new information, monitoring and analysis of the performance and opportunities of your investment portfolio<br />- Ask for recommendations, solutions, and strategy on how to meet and attain your financial goals and investment objectives<br />- Feel free, open and honestly bring out questions and concerns to your financial advisor and make sure you understand his or her answers, explanations, and solutions<br />Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com0tag:blogger.com,1999:blog-8278364000717204619.post-32739580565726429062012-12-15T22:44:00.003-08:002012-12-15T22:44:43.918-08:00How to stay financially healthy and stable (Do's and Don'ts)<b><br />Do's:</b><br />- Pray. It takes away your worries.<br />- Take care of yourself and your loved ones. Health is wealth!<br />- Love your job. Once you found a great job, you enjoy it, and extremely happy with your work, stick to it unless you have a far better alternative and absolutely sure it's worth it<br />- Save money on a regular basis and set it up automatically by direct debit from your bank account<br />- Save extra money for sudden financial emergencies and contigencies<br />- Be insured. Get life insurance, home insurance, auto, car (vehicle) insurance, and other necessary insurances to ensure peace of your mind<br />- Fund a registered retirement savings account<br />- Eliminate your debts. The longer they stay, the more painful it is for you<br />- Prepare for the unexpected<br />- Buy only what you need<br />- Control your spending<br />- Monitor and keep track of your income and expenses. Record daily expenditures so that you know exactly where your money is going<br />- Have only one credit card and keep your credit limit as low as possible<br />- Pay the full balances of all your credit cards to avoid those sky-rocketing interest rates which brutally rob you<br />- Pay your bills on time to maintain a good credit rating and excellent credit history<br />- Setup pre-authorized monthly debit to pay your bills and get rid of headaches and hassles<br />- Develop and implement an effective realistic monthly budget<br />- Set your financial goals on the short term (less than 5 years), intermediate (5-10 years) as well as long term (over 10 years) objectives<br />- Know your financial priorities. Avoid temptations<br />- Invest and diversify your investment portfolio<br />- Invest on things that appreciate in value over time (such as education, real state, property)<br />- Whenever you plan to loan or borrow money, make sure you have a working plan to repay it on time and thus minimizing interest rates and avoiding unwanted fees<br />- Seek the advise and help of financial advisers, counsellors, and financial experts<br />- Ensure that you have an up to date Will and Power of Attorney<br />- Do whatever it takes for the good of yourself, your family, relatives, community, country, and to the world. All good works will never bear bad fruit.<br /><b><br />Don'ts: </b><br />- Don't cheat yourself and others<br />- Don't buy what you can't afford<br />- Don't spend more than you earn<br />- Don't use your savings to pay your bills<br />- Don't use money set aside for something to use it for another thing. Never do this!<br />- Don't take it for granted. Avoid those "Buy now, pay later", "No payments 'til next year" schemes and traps<br />- Don't borrow from one creditor to pay another debt. Don't use a credit card (or withdraw cash advance) to pay another credit card company<br /><br />*** :) ***<br /><br />Relax. Time is your friend. Grow old gracefully with peace of mind! Enjoy the rewards of your hard labour throughout those years!!!<br />Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com0tag:blogger.com,1999:blog-8278364000717204619.post-22586390757782295472012-12-15T22:30:00.005-08:002012-12-15T22:30:32.555-08:00How to diversify on the types of investments for your personal investment portfolio<b><br />Types of investments:</b><br />1. Cash investments<br />2. Fixed income investments<br />3. Equity investments<br /><b><br />Cash investments</b><br />- ease of withdrawal whenever a need arises<br />- lower rate of return<br />- very little risk of losing<br /><b><br />Examples of cash investments:</b><br />- GIC (Guaranteed investment certificate)<br />- Savings accounts<br />- T-bills (Treasury bills)<br />- Money market funds <br />- Money market mutual funds<br /><b><br />Fixed income investments</b><br />- fixed rate of return on your investment<br />- lower investment risk<br />- generates a fixed amount of money for a certain amount of time (term)<br /><b><br />Examples of Fixed income investments:</b><br />- Bonds<br />- Savings Bonds<br />- Government Bonds<br />- Mutual funds<br />- Fixed income mutual funds<br /><b><br />Equity investments</b><br />- more risky than fixed income investments<br />- unpredictability of future growth<br />- although they are risky, equity investments have also the potential for bigger returns<br /><b><br />Examples of equity investments:</b><br />- Local company or foreign stocks<br />- International stocks<br />- Global stocks<br />- Stock mutual funds<br />- Equity stocks<br />- Equity or Balanced mutual fund<br /><b><br />How to diversify on the types of investments for your personal investment portfolio:</b><br /><br />Investment strategy:<br />Diversification is the key. In order to diversify, you must have a balanced and correct mix of cash investments, fixed income investments, and equity investments so that you can achieve success on your financial goals. By diversifying, the potential gains from one type of investment will cover the probable loses of another type of investment. To learn more about how to diversify your investments and receive expert and professional advise, speak and discuss with your financial adviser.<br />Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com0tag:blogger.com,1999:blog-8278364000717204619.post-17101688079324828642012-12-15T18:58:00.003-08:002012-12-15T18:58:18.546-08:00Monthly Income & Expenses of a Typical Single, Young Professional in a Committed Relationship<br />This list below is by no means a complete representation of income and expense. The main purpose of listing these variables is to serve as a guide for budget calculations and management of personal finances. Financial planning plays a key role in personal financial success. Another factor for effective money management is control of cash flows. Thinking about the future is essential to successful later in life, which makes sense when you invest at the early stages in life. Here are just few of important points to consider when you plan a budget. Note that these would vary from person to person with different lifestyles, tastes and behaviour towards spending money.<br /><br /><b><br />Income:</b><br />Monthly salary from employer<br /><b><br />Expenses:</b><br />Income taxes<br />Sales tax<br />Goods and services taxes<br />Other taxes<br />Employment insurance<br />Group insurance from employer<br />Group pension/retirement plan from employer<br />Other deductions<br />Savings for retirement (RRSP)<br />Savings for house/condominium/property purchase<br />Saving for car purchase or car replacement/lease<br />Saving for car/vehicle maintenance<br />Savings for consumer electronic products & home entertainment system <br />Savings to buy furniture<br />Saving for vacations, travels, visits, leisure trips<br />Savings for emergencies & unexpected costs<br />Housing/apartment rent<br />Food and drinks<br />Transportation cost<br />Loan/debt repayment<br />Credit card debt payments<br />Accident/Life insurance<br />Personal grooming and maintenance expenses<br />Clothing and accessories<br />Recreation, fun, and entertainment expenses<br />Health, well-being, and physical fitness fees<br />Social relationship and dating expenses<br />Birthdays, celebration, special occasions and events<br /><br /><br />*** Failure to have a personal budget analysis, planning and control would often result in budget deficit.Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com1tag:blogger.com,1999:blog-8278364000717204619.post-440489141096550852012-12-15T18:03:00.001-08:002012-12-15T18:03:30.417-08:00Personal investment styles & Risk tolerance of investors<br />Every person has different investment styles and risk tolerance. Some are aggressive, some are conservative, and some are moderate investors. These tendencies of investors are mainly affected by 3 factors:<br />1. Age<br />2. Financial status<br />3. Personality<br /><br />Younger people tend to be aggressive while older people are from moderate to conservative investors. <br /><br />The financial status of people is indicated mainly by the availability of current expense allowance which is the financial resource that is readily available as cash that would be used to cover for immediate expenses without withdrawing from the savings or investment portfolio. Financial status is also dependent on the stability of income over the years in the future as well as the amount of savings accumulated over the years.<br /><br />The personality of investors affect their investment style. Each type of personality will respond differently to situations such as expectations of savings, rates, portfolio performance in short and long-term periods, unexpected situations including what they fear most. Personality of people can be pessimistic, careful, or optimistic. In case of a considerable drop in the value of investment portfolio, a pessimistic investor would probably move his or her investment portfolio to more conservative investments while the careful investor will monitor, assess, and study the situation and probably decide to move his or her money to balanced fund investments. Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com0tag:blogger.com,1999:blog-8278364000717204619.post-67523839438431980402012-12-15T17:39:00.004-08:002012-12-15T17:39:45.115-08:00Sample of Life Insurance Cancellation Letter<br />If you and your spouse are not happy with your existing life insurance, and would like to cancel, terminate, and stop paying premiums to the Life Insurance Company, you must write a letter of cancellation. Very important thing to do before sending or faxing this cancellation letter, is to make sure you have another or new life insurance policy so that you and your beneficiary/beneficiaries have life insurance coverage and benefits. The cancellation letter should contain the following information:<br /><b><br />Information required for your Life Insurance Cancellation Letter:</b><br /><br />1. Date of the letter<br />2. Name of the Insurance Company<br />3. Address of the Insurance Company<br />4. Telephone and Fax numbers of the Insurance Company<br />5. Policy Number of Life Insurance<br />6. Name of Insured person(s)<br />7. Effective date<br />8. Amount of Insurance<br />9. Insurance coverage and benefits<br />10. Date when letter is signed<br />11. Signature of owners<br />12. Address of owners<br />13. Telephone (contact) numbers of owner(s)<br /><br /><b><br />Example of Life Insurance Cancellation Letter:</b><br /><br />02 February 2012<br /><br />ABC Life Assurance Company<br />123 Insular Street, Toronto, ON, M1A 2B3<br />Tel. no.: 416-123-4567<br />Fax no.: 1-800-987-6543<br /><br />The undersigned owners of Policy Number 000123456 for the Life Insured named <br />John Smith and Jean Smith hereby request ABC Life Assurance Company <br />to cancel our policy effective today 02 February 2012.<br /><br />Amount of Insurance: $100,000<br />Insurance Coverage and Benefits: Joint - First to Die - Yearly Renewable Term (YRT)<br /><br /><br />Date: ___________________ <br />Signature: ________________ <br />Name of Insured: JOHN SMITH <br /><br /> <br />Date: ___________________ <br />Signature: ________________ <br />Name of Insured: JEAN SMITH <br /><br /><br />Address of Owners:<br />123-4567 Blessed St.<br />Toronto, Ontario, M9A 8Z7<br />Canada<br /><br />Telephone numbers:<br />416-123-4567 (home)<br />416-987-6543 (cell phone)<br />Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com0tag:blogger.com,1999:blog-8278364000717204619.post-20912614157480947932012-12-15T15:17:00.001-08:002012-12-15T15:17:08.699-08:00Term Life and Universal Life Insurance<b><br />Term Life Insurance</b><br /><br />Term life insurance covers the insured for only a certain period of time. It usually comes in 10, 20, or 30-year terms. Term life insurance, therefore does not cover you for your entire life. Once the term is finished, you have to renew or buy a new term insurance. Although, after finishing your term, your premiums will increase with your age, term life insurance is affordable for families just starting out. Term life insurance is good for young people. Having a lesser cost of insurance coverage, you can put your money to other crucial areas such as paying loans and debts, funding your children's education, and other financial obligations. However, it is important to note that Term Life Insurance only pays a death benefit if the insured person dies during the term. If you die after the term, you will not get any money!<br /><b><br />Universal Life Insurance</b><br /><br />Universal Life (UL) Insurance is a type of permanent life insurance in which the premium payment is higher than the minimum cost of insurance (COI). The excess money is invested in funds, stocks, bonds, and other securities in order to earn an interest. <br /><b><br />Underwriter</b><br /><br />An underwriter is a third person or company, a broker, or agent, who helps you to choose the appropriate type of life insurance according to your needs. Underwriters help you with your application of life insurance to the insurance company.<br /><b><br />How do insurance brokers or agents get paid?</b><br /><br />Insurance brokers and agents get paid commission from the policies they sell. The higher the premium they sold, the higher their commissions would be. The commissions are paid by the insurance company to the brokers/agents. Your monthly premiums are all sent directly to the insurance company. Your monthly premiums do NOT go to the brokers or agents.<br /><b><br />Cost of Insurance (COI) Options<br /><br />1. Yearly Renewable Term (YRT) or Annually Increasing (AI)</b><br /><br />What is YRT? Yearly Renewable Term (YRT) is an insurance option that is good for people who needs life insurance policy for less than 5 years. The advantage of this insurance option is the low initial cost of premium. This will allow you to accumulate more money from the premium and accelerate the cash value of your insurance coverage. However, the disadvantage of this option is that the premium will increase every time it is renewed, in this case, every year. This is why the name of this cost of insurance option is Yearly Renewable Term, also known as Annually Increasing. For a universal life insurance with COI structure of YRT, the excess money from the premium is invested so that the earnings will be compounded. The main purpose of this investment is to cover or offset the increased cost of insurance in the later years of the insured individual. The problem with this, however, is when the actual rate of return is lesser than the projected rate of return, then, the payment period becomes longer. For example, if you are paying higher premiums ($150/month) under an assumption of projected rate of return of 6% for a payment period of 6 years, so that after the said 6 years of paying premiums, you don't have to pay premiums for the rest of your life (i.e., the life insurance is fully paid), or otherwise known as premium payment holiday. But, if the actual rate of return is lesser than 6%, say for example 4%, then this would mean a longer payment period (more than 6 years) is required before the life insurance is fully paid.<br /><b><br />2. Guaranteed Level</b><br /><br />Guaranteed Level cost of insurance has the same (equal) premiums throughout the life of the policy and coverage period. The premium rate is locked-in for the duration of the coverage. This is ideal when you don't want an increasing premium. Equal payments can then be evenly spread for a longer payment period but with less amount of premium per payment period. The COI of a Level plan starts higher than a YRT. However, the cost of insurance will be lower when the insured person gets older.<br /><b><br />3. Limited-pay</b><br /><br />Limited-pay cost of insurance is where all the premiums are paid within a specified period usually 10, 15, or 20 years. The cost of insurance is guaranteed for the duration of the coverage and once paid for the term, no more additional premiums are required.<br /><b><br />Cancellation of Life Insurance</b><br /><br />If you cancel a life insurance, you will be charged with Surrender Charges. These surrender charges apply when coverage is decreased, cancelled, or terminated. Surrender charges vary (change) depending on the policy year. Cash Surrender Value is the amount of money that will be refunded to you if you cancel your policy. Cash Surrender Value is the difference between your policy's Total Cash Value and the deductions applicable which may be in the form of surrender charges, market value adjustments, etc.<br /><b><br />Procedure for Cancellation of Life Insurance</b><br /><br />How do I cancel my life insurance? Phone calls are not acceptable for cancellation of insurance policies. If you want to cancel your life insurance, you must write a letter saying you want to cancel your insurance. It is important that all persons insured in the policy should sign. If you have a spousal policy, your signature and the signature of your spouse are required. Equally important to include in the cancellation letter are:<br />1. Policy Number<br />2. Name(s) of the insured<br />3. Address<br />4. Telephone<br />5. Signatures of insured<br />After sending the letter through mail or fax, the insurance company will issue you a cheque within 2 to 3 weeks after the receipt of your cancellation letter. When selecting and applying for an insurance policy, you should be very careful, seek sufficient advice from proven and trusted sources. Do a good homework and research. It is recommended to seek advice and help from an independent insurance advisor. It is better to start off with the best insurance company rather than cancelling your insurance policy because after paying for many years, you feel unhappy about your life insurance and end up cancelling it, and of course, losing huge money!<br /><b><br />Annual Billing vs. Monthly Billing</b><br /><br />You can save money by choosing Annual Billing. The disadvantage of this is that you will have to pay a huge amount of money at one time. Paying monthly premium is generally convenient because you pay the cost of insurance with 12 monthly payments.<br />Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com0tag:blogger.com,1999:blog-8278364000717204619.post-30660655541127782082012-12-11T07:59:00.001-08:002012-12-11T12:17:50.759-08:00Advantages of Consumer Proposal over Filing for Bankruptcy<br />
What is a Consumer Proposal? <br />
A consumer proposal is a formal and legally binding agreement or deal that You and the Administrator of your Consumer Proposal make with your creditors (companies that you owe debt/money).<br />
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Why do creditors accept Consumer Proposals?<br />
Creditors would receive more money from you in a consumer proposal than when you file a bankruptcy, in which case your creditors would receive less money from you.<br />
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How does a Consumer Proposal work?<br />
- Secured creditors (e.g. Real Property, House mortgage) will be paid in accordance with existing payment arrangements. These payments may also be paid according to payment schemes that are mutually agreed upon by the debtor (you) and the secured creditor(s).<br />
- Fees and payments are to be made by You to the Administrator of the Consumer Proposal.<br />
- The Administrator (trustee company) of the CP (consumer proposal) will distribute the money received from the debtor (you) to the unsecured creditors (credit card companies, banks, finance companies, financial institutions, loan companies, credit corporations, etc.).<br />
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Major Advantages of Consumer Proposal over Filing for Bankruptcy:<br />
- Only one small monthly payment to cover all your debts of different kinds.<br />
- Total payment of 1/3 or less of all your unsecured debts.<br />
- Better credit score or rating compared to Bankruptcy.<br />
- All your debts are fully paid at the end of the payment period (usually 5 years).<br />
- Easier to build credit after payment of all debts.<br />
- Peace of mind.<br />
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The main advantage of consumer proposals over filing for bankruptcy is that in a CP, your credit score will not be badly affected as much as a bankruptcy which is the worst credit rating. When you want to sponsor family members or relatives, and you filed for bankruptcy, your sponsorship application is likely to be denied by immigration officials. When you are bankrupt, it is long and very hard to build up your credit again and difficult to gain trust from creditors once again.<br />
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When your monthly liabilities (debts) are totalling more than your assets, it is time to think and reconsider your way of spending money and your way of living. When you are spending more than you are earning, when your expenses are greater than your income, you need to stop and ponder. There are several reasons why people end up having trouble in their financial situations and budgets.<br />
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Major Reasons for Financial Difficulties:<br />
- Credit mismanagement<br />
- Loss of job<br />
- Loss of business<br />
- Insolvency<br />
- Death of family member<br />
- Expensive style of living<br />
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Example of Unsecured Debts from Unsecured Creditors:<br />
$24,000 --- Credit card debts<br />
$10,000 --- Line of credit<br />
$ 8,500 ---- Bank loans<br />
$ 1,500 ---- Home improvement card debt<br />
$ 1,000 ---- Finance company loans<br />
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$45,000 --- TOTAL UNSECURED DEBT<br />
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Now, some people will immediately think of filing bankruptcy because they think this is the best resolve and the easiest way to go.<br />
But Wait! Hold on!<br />
Don't just take what your friends have to say and what other people or websites are saying because..................... there are better options. One of the best alternatives is a consumer proposal. Filing a consumer proposal is a great solution instead of filing for bankruptcy and insolvency.<br />
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Table:<br />
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A consumer proposal paying the administrator (trustee company) a total of $15,000 at a rate of $250 per month for a period of 60 months (5 years).<br />
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Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com5tag:blogger.com,1999:blog-8278364000717204619.post-43352186566861429482012-12-10T23:38:00.006-08:002012-12-10T23:38:59.589-08:005 Ways How to Wisely Manage & Control your Credit Card Expenses<br /><b>1. Have only one credit card</b><br /><br />Get rid of retailers' cards, gas station cards, department store cards, home improvement cards, & all kinds of cards of similar nature that charges extremely high interest rates. Having more than one credit card increases your chances of being tempted to swipe your way to bigger credit card balances towards the end of the month.<br /><b><br />2. Have a reasonable credit limit</b><br /><br />Call your bank or credit card company and reduce your credit limit or set it to an amount that is reasonable and within your comfortable zone. Bank and credit card companies call you or send you mail and offer these credit limit increases but it's YOU that controls and decides. Avoid these traps and temptations.<br /><b><br />3. Don't carry it with you when you don't really have to.</b><br /><br />If you have the extra cash to purchase an item or a consumer product, use it. Use your credit card when you really need it or when there's a big reason for it (example: miles, points, bonuses, etc.). When you use your credit card however, make sure you pay the FULL credit card balance before your monthly due date to avoid those sky-rocketing high interest rates that adds extra burden on your finances.<br /><b><br />4. Don't buy what you can't afford</b><br /><br />Buy only what you really need and purchase it at the right time and when you have the right budget to purchase and own it.<br /><b><br />5. Don't be tempted</b><br /><br />Don't envy your neighbor's shining and nice-looking furniture or your friend's flashy jewelries, bracelet or wrist watch. <br /><br /><br />*** Self-control is the key. Control your credit card expenses & don't let your credit card control you!<br /><br />Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com0tag:blogger.com,1999:blog-8278364000717204619.post-23396153675767358232012-12-08T15:49:00.000-08:002012-12-08T15:50:55.848-08:00How to save 10 million Pesos in 20 years for retirement in the Philippines<br />
Getting ready for your retirement is one of the important things we should consider while our physical bodies are still strong to work. Saving for retirement takes great responsibility, discipline, and a positive attitude. For Filipinos working overseas abroad especially in North America - USA and Canada, or in other countries where extra money for savings is practical, Pinoys should take this opportunity to save (dapat samantalahin nating mag-ipon). The table and computation of savings below is very possible and realistic. If you manage to save $1000 (American or Canadian) per month consistently for 20 years, you will be able to save $240,000 Canadian or US dollars at the end of 20 years. This is approximately 10 million to 12 million Philippine Pesos depending on the exchange rate. If you are, for example 40 years old in the year 2014, based on the table below, you will have at least 10 million pesos in the year 2034, at which time you are 60 years old, ready for retirement. For an average style of livelihood and moderate cost of living, this retirement money sounds reasonable and livable when you retire in the Philippines with your loved ones. The sacrifice and hardwork is finished abroad overseas. Now, it is time to retire, relax, and enjoy your savings and your life!<br />
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Saving $1000 per month for 20 years:<br />
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1000 x 12 = 12,000 after 1 year<br />
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12,000 x 20 = 240,000 after 20 years<br />
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$240,000 Savings at age 60 (retirement)<br />
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# Year Age Savings<br />
01 2014 40 12,000<br />
02 2015 41 24,000<br />
03 2016 42 36,000<br />
04 2017 43 48,000<br />
05 2018 44 60,000<br />
06 2019 45 72,000<br />
07 2020 46 84,000<br />
08 2021 47 96,000<br />
09 2022 48 108,000<br />
10 2023 49 120,000<br />
11 2024 50 132,000<br />
12 2025 51 144,000<br />
13 2026 52 156,000<br />
14 2027 53 168,000<br />
15 2028 54 180,000<br />
16 2029 55 192,000<br />
17 2030 56 204,000<br />
18 2031 57 216,000<br />
19 2032 58 228,000<br />
20 2033 59 240,000<br />
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21 2034 60 $240,000 <br />
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--> 10 million to 12 million Pesos<br />
--> at age 60 (year is 2034) <br />
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Note: <br />
This table is based on Canadian and US Dollar exchange rates monetary conversion to Philippine Pesos.<br />
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*** These figures does not take into account interest rates. This is just for simple computation. For example, a savings account interest rate of 1% for a bank in the Philippines, and based on simple interest computation of $240,000 for 20 years, would yield $242,400 which is greater.<br />
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Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com1tag:blogger.com,1999:blog-8278364000717204619.post-75459496802809808772012-11-19T04:46:00.001-08:002012-11-19T04:47:49.515-08:00MORTGAGES, LOANING, OWNING, BUYING, REFINANCING, SELLING, MAINTAINING a Home, House, Condo, Property, Real State:<br />
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Two general categories of mortgages:<br />
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1. FRM - Fixed Rate Mortgage (Locked-in)<br />
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- interest rate and payments won't change during the term you select<br />
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2. ARM - Adjustable Rate Mortgage (Variable)<br />
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- interest rate changes<br />
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<b><br /></b>
<b>I. TYPES OF FIXED RATE (LOCKED-IN) MORTGAGE:</b><br />
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Closed Mortgage<br />
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- payments have to be made according to the term. After the term ends, payments can be made as much as you want<br />
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- recommended if you're planning to pay off your mortgage in the long run<br />
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- interest rates for closed term mortgages are generally lower than for open term mortgages<br />
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- ability to save on interest costs <br />
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- prepayment charge applies if you wish to renegotiate your interest rate <br />
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- prepayment charge applies if you want to pay off your mortgage balance prior to the end of its term<br />
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Convertible Closed Mortgage<br />
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- provides the same benefits as a closed mortgage, but can be converted to a longer, closed term at any time<br />
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- no prepayment charges when you convert to another term<br />
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Six-Month Convertible Mortgage<br />
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- you can take advantage of interest rate fluctuations<br />
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- lower interest rate for six months<br />
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- option of converting to a longer closed term at any time during the six months at no cost<br />
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Open Mortgage<br />
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- the mortgage loan can be repaid either in part or in full at any time without prepayment charges<br />
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- recommended if you want to pay your mortgage loan as soon as posssible in the short term<br />
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- can be converted to any other term, at any time, without a prepayment charge<br />
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- interest rates for open mortgages are generally higher than for closed mortgages because of the added pre-payment flexibility<br />
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One-Year Open Mortgage<br />
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- you can prepay any amount of your mortgage, at any time, with no administration costs and no prepayment charges<br />
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- interest rate is fixed over the one year term<br />
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- flexibility to convert your mortgage at any time, to a longer term without a fee<br />
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<b><br />II. TYPES OF ADJUSTABLE (VARIABLE) RATE MORTGAGE:</b><br />
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Convertible Adjustable Rate Mortgages (ARM) <br />
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- excellent for situations like rising income expectations, high interest rates, and short-term home ownership<br />
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- can be turned into a fixed rate mortgage after a set period (usually 2nd-5th yr)<br />
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- allows the homeowner to convert to a fixed rate mortgage for a fee (may prove reasonable versus the costs of Refinancing) <br />
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Five-year Closed Variable Interest Rate Mortgage<br />
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- pay an interest rate that will change with Mortgage Prime Rate for the full 5-year term of your mortgage<br />
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Five-year Open Variable Interest Rate Mortgage<br />
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- flexibility of increasing your payments to any amount at any time<br />
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- you can pay off all or part of your mortgage without paying compensation (administration fee)<br />
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- you can make lump sum payments of any amount at any time<br />
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<b><br />Typical costs, fees, charges, expenses in BUYING A HOME, HOUSE, CONDOMINIUM, PROPERTY, REAL STATE:</b><br />
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- Mortgage application and processing fee<br />
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- Mortgage insurance <br />
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- Mortgage life insurance<br />
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- Property insurance<br />
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- Home inspection fee<br />
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- Appraisal fee<br />
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- Lawyer fee [Offer to Purchase, Title search from registry, Mortgage documents, Closing]<br />
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- Registration of deed and mortgage fee<br />
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- Land survey fee<br />
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- Land title insurance<br />
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- Land transfer tax<br />
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- GST (General Sales Tax) <br />
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- Property tax<br />
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- Estoppel Certificate on the condo corporation's financial and legal state<br />
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- Monthly fees for common elements maintenance<br />
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- Connection charges for utilities (electricity, water, telephone, gas), or transfer thereof<br />
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- Appliances, Furnitures, Drapes, Decorations, etc.<br />
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- Repairs<br />
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- Moving expenses <br />
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<b><br />CLOSING COSTS:</b><br />
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- Real Estate Broker Commission/Fees<br />
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- Loan Fees (Direct Loan Costs)<br />
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- Items Required by the Lender to be paid in advance (Prepaids) <br />
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- Escrows/Impounds/Reserves<br />
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- Title and Closing Charges<br />
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- Recording/Government Filing Fees<br />
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- Miscellaneous Charges<br />
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<b><br />-------------------------------------<br />REFINANCING A HOME:<br />-------------------------------------</b><br />
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- discharging a mortgage with the proceeds from a new mortgage obtained at a lower interest rate<br />
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- replacing an older loan with a new loan offering better terms<br />
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When to refinance a home?<br />
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- Interest rates are lower than the mortgage rate<br />
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- Effects or outcome of refinancing will offset the transaction costs involved <br />
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<b><br />Example:</b><br />
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Mortgage term: 30-year mortgage <br />
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Mortgage rate: 6% <br />
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Mortgage loan: $400,000.00<br />
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Current interest rate: fell down to 4%<br />
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Is refinancing your house worthwhile?<br />
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- the homeowner should consider the long term savings against the transactions costs, fees, charges, and expenses involved in refinancing the house<br />
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- consider also the length of time the homeowner intends to stay at the home<br />
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<b><br />Typical costs, fees, charges, expenses in a home refinance:</b><br />
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- Points (to secure the loan)<br />
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- Document preparation fees<br />
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- Appraisal fees<br />
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- Loan Application Fee<br />
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- Origination Fee<br />
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- Processing Fee<br />
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- Licensed Appraisal Fee<br />
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- Land Survey Fees<br />
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- Attorneys Fees<br />
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- House Inspector fees<br />
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- Underwriting Fee<br />
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- Discount Fee/Discount Points<br />
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- Funding Fee<br />
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- Loan Set-up Fee<br />
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- Administrative Fee:<br />
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- Transfer Fee<br />
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- Wiring Fee<br />
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- Flood Certification Fee<br />
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- Tax Service Fee <br />
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- Credit report cost<br />
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- Title search<br />
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- Title insurance<br />
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- Early Payoff Penalties & Fines<br />
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- Remaining Balance Costs <br />
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- Homeowners Insurance<br />
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CLOSING COSTS:<br />
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- application fees<br />
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- mortgage insurance<br />
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- points<br />
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- lawyer fees (Attorney's fees)<br />
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- loan origin fee<br />
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- survey cost<br />
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- homeowner and title insurance<br />
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- home inspection fee<br />
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- title search<br />
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- Prepayment penalty<br />
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<b><br />Typical costs, fees, charges, expenses in SELLING A HOME:</b><br />
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- Inspection Report<br />
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- Competitive market analysis(CMA)<br />
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- Automated valuation model(AVM)<br />
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- Appraisal<br />
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- Advertising Expenses<br />
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- Multiple Listing Service(MLS) Providers<br />
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- Website Expenses<br />
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- Print Ads (Local Newspaper, Flyers, Brochures, Magazines)<br />
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- Signage (For Sale sign, Open house signs)<br />
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<b><br />CLOSING COSTS:</b><br />
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- insurance<br />
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- loan fees<br />
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- taxes<br />
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- transfer and assumption taxes<br />
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- escrow fees<br />
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- inspection fees<br />
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- homeowner's insurance<br />
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- recording fees<br />
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- appraisal fee<br />
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<b><br />Typical HOME EXPENSES:</b><br />
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- Mortgage<br />
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- Insurance<br />
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- Property Tax<br />
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- Home equity loan <br />
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- Interest costs<br />
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- Utilities<br />
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- Gas<br />
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- Oil<br />
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- Electricity<br />
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- Cable<br />
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- Telephone (regular & long distance)<br />
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- Cellphone (wireless)<br />
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- Satellite<br />
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- Internet service<br />
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- Garbage removal<br />
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- Water<br />
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- Sewer<b><br /><br /><br /><br />Additional costs & expenses in MAINTAINING, REPAIRING, FURNISHING, EQUIPPING, REMODELING, RENOVATING a Home:</b><br />
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- Kitchen (countertop, cabinets, sink, faucet, exhaust fan, refrigerator, freezer, stove, microwave, dishwasher, etc.)<br />
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- Bathroom (bath tub, shower, sink, toilet, exhaust fan, etc.)<br />
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- Appliances (clothes washer, laundry dryer, TV, Radio, Home Theatre and Sound system, Electric Fans, DVD players, Amplifiers, Computers, etc.)<br />
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- Dining room sets (tables, chairs, glass, etc.)<br />
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- Living room sets (sofa, couch, glass, etc.)<br />
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- Decorations, curtains, drapes, etc.<br />
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- Fixtures (electrical, mechanical, structural)<br />
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- Bulbs, tubes, lights and lighting<br />
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- Electrical wire, wiring, panel, breaker, etc.<br />
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- fire extinguishers<br />
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- batteries <br />
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- smoke detectors/smoke alarms<br />
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- carbon monoxide alarms<br />
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- filters<br />
<br />
- furnace <br />
<br />
- Boiler<br />
<br />
- hot water heater <br />
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- air-conditioning<br />
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- blowers, exhausters<br />
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- Humidifiers<br />
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- air cleaner<br />
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- air duct cleaning<br />
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- basement<br />
<br />
- crawl space<br />
<br />
- tiles<br />
<br />
- floor boards<br />
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- carpets<br />
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- attic<br />
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- roof<br />
<br />
- chimney<br />
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- termites protection and treatment<br />
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- ants spray and infestation<br />
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- bugs, cockroaches, mice control<br />
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- gutters & downspouts<br />
<br />
- eaves<br />
<br />
- Interior and Exterior sidings, walls<br />
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- painting<br />
<br />
- windows<br />
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- doors (latches, locks, hinges, etc.)<br />
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- screens<br />
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- plumbing, pipes, hoses<br />
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- insulations (thermal, electrical)<br />
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- septic system<br />
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- Garage<br />
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- Driveways and Sidewalks<br />
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- Landscaping<br />
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- Grading (slope)<br />
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- Retaining Walls and Fences<br />
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- Weatherproofing, waterproofing<br />
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- Gardening (soil, compost, fertilizer, plants, flowers, pots, tools, etc.)<br />
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- Garden tractor<br />
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- Trees, Shrubs and Vines<br />
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- Lawn mowers<br />
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- Patios, Porches and Decks<br />
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- snow throwers, snow removal machines<br />
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- snow salts<br />
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- seal coatings<br />
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<br />Jeane's bloghttp://www.blogger.com/profile/10544578357693160553noreply@blogger.com0