Sunny Sharma

09/19/2022

As another rate announcement has taken place, it's important to be familiar with the term trigger rate and how it affects your variable-rate mortgage. 🏡

Firstly, it's important to know that the the trigger rate only applies to variable-rate mortgage holders that are on a fixed payment schedule.

So, what is a trigger rate❓
The trigger rate is the rate at which the regular mortgage payments no longer covers the accrued interest. Interest rates for the variable rate has increased so much that the entire payment is dedicated towards the interest and nothing towards the principal. If rates were to increase anymore, the payments no longer cover the interest.

When you reach your trigger rate, your lender will contact you with three different options.

These three options are 👇
1. Adjust your payment - Increase the amount of the principal and interest payment to an amount that is enough to pay off the outstanding principal balance within the remaining original amortization period.

2. Make a prepayment - The trigger is dependent on the remaining balance of your mortgage. If you make a lump sum payment, that would push your trigger rate higher. Alternatively, you could increase your monthly payments, so more money is going toward your principal.

3. Switch to a fixed-rate mortgage - Your lender may suggest that you switch to a fixed-rate mortgage. By doing this, you'll lock in at current rates. While this strategy may give you peace of mind, it could cost you more in the long run. Plus, your monthly payments would increase by more than if you were to adjust your payments on your own (reach out to me before doing this).

Now, depending on your lender, as long as your mortgage balance does not exceed 80% of the loan to value, you may not be required to take any action.

Have any queries? Feel free to reach out!

Sunny Sharma Real Estate
604-621-6444

09/13/2022

Selling a home is stressful!!
The hope that you’re going to get an offer rises and falls with each showing or open house. And prepping your house for showings is just Exhausting.

On top of that, you might feel sad because you’re saying goodbye to an old friend who witnessed big life moments—birthdays, holidays, your baby’s first steps.

But it’ll all be worth it once you get to closing day.

Your home is your biggest investment. You know how much sweat and money you’ve put into it, and you don’t want to make a mistake when it’s time to sell. So here are some mistakes to avoid!

Feel free to contact via Call, Text or Email - if there are any queries!

Sunny Sharma Real Estate
604-621-6444

09/01/2022

Buying a house can seem daunting even at the best of times. If it's your first time buying a home, it may seem even more challenging with the added layer of uncertainty brought on by the pandemic.

The good news is that getting into the real estate market for the first time doesn't need to feel unnerving. If you have the right advice and some preparation, your dream of homeownership can become a reality.

If you're considering taking the leap, here are some fine tips, to help you determine what you'll need to know to make an informed decision.

08/30/2022

With the market shifting to a buyers market, It is important that you’re home is marketed and presented in the best light.
Here are some tips and on everything from making a space look larger to making interiors more spacious.

Marketing your home to its highest and best use is more important then ever.

Our listing process includes a decluttering checklist, staging consultations as well as multiple marketing platforms to have the most eyes on your listing

Considering selling your home? Unsure of how your home will market?

We can help!
⁣📲⁣ +1 (604) 621-6444
🪩 www.sunnysharmarealestate.ca/
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08/26/2022

The flood of new homes in the market has shifted the current environment into an exciting buyers opportunity. Worried that you wont find a place after selling yours, or tired of multiple or subject free offers and feeling rushed. Now is your time! We have helped several families in the past few weeks upgrade to houses from condos and townhomes.

We have relationships and clients for life!

Curious to know how the market shift is affecting the value of your property? Interested to know what a neighbor sold for or what the true values of homes in your community are? Not sure how much equity you have in your home?

Contact today!!!
Contact us, if you want to sell or buy a Home!
⁣📲⁣ +1 (604) 621-6444
🪩 www.sunnysharmarealestate.ca/
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05/14/2022

Weekend is fully packed!⁣
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Lots of showings this weekend as well as getting prepared for new listings coming 📍⁣
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Are you looking to buy or sell?⁣
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Contact me today and lets work together 📲⁣
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05/13/2022

Grandview has grown so much over the years and continues to grow 📈📈⁣⁣
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Between having a brand new high school and having tons of elementary schools around, Grandview is definitely the place to raise a family 🏡⁣⁣
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Not only that Grandview is home to some of the best restuarants, bars, and shopping you can find ⁣⁣
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If Grandview sounds like your perfect fit send me a message and come view my listing situated right in the heart of Grandview Crossing⁣⁣
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Details about this listing⁣ (pictured above)⁣
-$999,000⁣⁣
-8 Minutes to White Rock Beach ⁣⁣
-Private Backyard ⁣⁣
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For more info send me a message today! 📲⁣⁣
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05/12/2022

Tynehead Park ☀️⁣
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Tynehead Regional Park is located right in Surrey and is a popular park for cycling, picnics, dog walking, or exploring the Serpentine River. The park features two sides to the park, the east side called the Serpentine Hills has a bike trail and the west side has hiking trails and the Serpentine Hatchery.⁣
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Have you been to Tynehead? Comment below ⬇️⁣
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04/29/2022

*New Listing Alert*
8 minute to White rock!
Welcome to the Oliver!

-3 bedroom with HUGE flex room (4th bedroom)
-Private backyard off the kitchen making this an entertainers dream
-South facing mountain views
-2017 built
- No pet or rental restrictions
-Minutes to earls, S and L, Morgan crossing

Open house this Saturday 12-2
Refreshments provided, come see one of south surreys favourite communities!

04/28/2022

*New Listing Alert*
8 minute to White rock!
Welcome to the Oliver!

-3 bedroom with HUGE flex room (4th bedroom)
-Private backyard off the kitchen making this an entertainers dream
-South facing mountain views
-2017 built
- No pet or rental restrictions
-Minutes to earls, S and L, Morgan crossing

Open house this Saturday 12-2
Refreshments provided, come see one of south surreys favourite communities!

04/23/2022

04/16/2022

*Off Market Stunner*
This elegant custom home in one of the most desirable communities in Fleetwood was built in 2002 with over 6000 square feet of living space and a 14000 square foot lot!

Features
9 bedroom- all with walk in closets
6 bathrooms
Grand entrance with 20 feet ceilings
High end finishings

To many features to name, its a must see with your own eyes.

Offered at 3 million dollars!

Call today!