Tim Lipp

03/04/2024

To all my past buyers, sellers and to all my friends and family who have referred me to others, I thank you all so much!

Congratulations Tim Lipp !!🎉🎉

03/25/2022

6 things you shouldn’t do when applying for a mortgage! No matter how sweet the ride!

1. Don’t Deposit Cash into Your Bank Accounts Before Speaking with your Mortgage Broker.
Lenders need to source your money, and cash isn’t easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer.

2. Don’t Make Any Large Purchases Like a New Car or Furniture for Your Home.
New debt comes with new monthly obligations. People with new debt have higher debt-to-income ratios. Since higher ratios make for riskier loans, qualified borrowers may end up no longer qualifying for their mortgage.

3. Don’t Co-Sign Other Loans for Anyone.
When you co-sign, you’re obligated. With that obligation comes higher debt-to-income ratios. Even if you promise you won’t be the one making the payments, your lender will have to count the full payments against your debt servicing ratios.

4. Don’t Change Bank Accounts.
Remember, lenders need to source and track your assets. That task is much easier when there’s consistency among your accounts. Before you transfer any money, speak with your Mortgage Broker.

5. Don’t Apply for New Credit, limit your consumer credit pulls.
It doesn’t matter whether it’s a new credit card or a new car. When you have your credit report run by organizations in multiple financial channels (mortgage, credit card, auto, etc.), your FICO® score will be impacted. Lower credit scores can determine your interest rate and possibly even your eligibility for approval.

6. Don’t Close Any Credit Accounts.
Many buyers believe having less available credit makes them less risky and more likely to be approved. This isn’t true. A major component of your score is your length and depth of credit history (as opposed to just your payment history). Closing accounts has a negative impact on both of those determinants of your score.

Let's Talk:
(306) 533-4492
[email protected]

03/16/2016

http://leaderpost.com/business/local-business/regina-real-estate-market-shows-signs-of-life-in-february

“There were some encouraging signs in February, with sales being up over 2015 and prices beginning to level out after many months of decline,” said Gord Archibald, CEO of the association. “As…

03/12/2016

Sponsorship banner up on the North Regina Little League website and soon to be hanging at the park.

03/10/2016

Pasqua between Hill and Regina Ave is a rollercoaster...
http://www.cbc.ca/news/canada/saskatchewan/worst-pothole-in-saskatchewan-1.3485164

We know they're out there and we want your pictures.

12/11/2015

Some new lending rules for homes running over $500,000.
http://www.theglobeandmail.com/news/politics/liberals-raise-minimum-down-payments-for-houses-above-500000/article27711582/

The Liberal government is raising the minimum down payment for new insured mortgages to 10 per cent from 5 per cent for the portion of house prices above $500,000

11/07/2015

Regina home sales down 9% in October.
http://www.leaderpost.com/touch/story.html?id=11499120

Home sales in October were down nine per cent from October 2014, while the average sale prices fell five per cent during the same period, according to the Association of Regina Realtors. There were 279 sales reported in the Regina area last month, down from 305 s…

11/05/2015

Regina real estate - October month in review.
http://reginarealtors.com/images/trendline/monthly_indicators/2015/regina-mmi-2015-10.pdf

http://reginarealtors.com/images/trendline/monthly_indicators/2015/regina-mmi-2015-10.pdf

11/04/2015

10 Things to never store in your basement. I'm guilty of a couple.

When it comes to storing things in your basement there are, believe it or not, a few dos and don'ts.

10/20/2015

Winter is on the way, like it or not. Here are some tips to help prepare for the next few months.

http://eepurl.com/bDbsF5

10/15/2015

http://www.leaderpost.com/touch/story.html?id=11437584

Two out of three housing types in Regina saw price decreases in the third quarter of 2015, while overall home prices declined 2.2 per cent to $324,606 compared with the same period last year, according to the Royal LePage house price survey. The median price of bungalows declined 3.0 per cent year-o…