Nikki Harrison

TUXEDO Home for Sale

Nikki Harrison — Mon, 09 Nov 2009 15:03:00 GMT

Over 3,700 sq ft developed in this incredible home by Electrim Development. Superb quality and meticulous attention to detail is evident throughout. Partial list of features: FOUR
floors (including basement) all connected with a built-in ELEVATOR, site-fnished BRAZILIAN CHERRY hardwood with charcoal finish (buyer to choose final coat, i.e. gloss or satin),
fabulous HI-END chef’s kitchen with Thermador appliances, exquisite GRANITE counters and Brazilian Cherry cabinets (charcoal finish), CENTRAL AIR, slab heat throughout basement
plus heated floors in kitchen and bathrooms, massive theatre room wired for 7.1, built-in speakers on main, 9-ft and 10.5-ft ceilings on main, 9-ft in basement, completely fenced and
landscaped with oversized double garage (still being completed), etc, etc. Please request a complete list. Exceptional floor plan with very large rooms throughout, including an office and
sunroom on the third floor. This home simply MUST be seen.

Property Details

Listing Price: $1,200,000

Address: 126 - 24 Avenue NW

City: Calgary

State: Alberta

Zip Code: Listing courtesy of Ted Greenhough RE/MAX Realty Professionals

MLS #: C3392816

Square Feet: 3,700

Bedrooms: 4

Bathrooms: 3 full 1 half

Basement: Fully Finished

Additional Features:

NO DOWN PAYMENT? YES You Can

Nikki Harrison — Mon, 09 Nov 2009 14:49:00 GMT

If you’re wondering why government backed zero down mortgages have been cancelled in Canada, it all goes back down to the Sub-Prime crisis in the States. With the demise of several alternative lending products in Canada in the last year, we were surprised to see the end of zero down and 40 year amortizations. Not to fear, however, there are still some options available to you.

Whether you are a first time buyer who does not have a sufficient down payment or you want to use your own funds for other purposes, consider these options.

5% FREE Down Payment
This is NOT a ZERO DOWN Mortgage, instead the lender actually GIVES you 5% down, resulting in a mortgage that starts out at 95% LTV + applicable insurance premiums.

The terms of this mortgage are the following:

Purchases Only
Minimum Credit score – 680
Up to a 35 year Amortization
Must show 1.5% in closing costs available – lender needs to confirm you have additional funds available for legal fees, moving, unforeseen events, etc.
Five year fixed rates, based on POSTED rates, not discounted
5% cash back based on the entire purchase price, will be advanced at closing to use for down payment.

5% Borrowed Down Payment “Flex Down” Mortgage – this is another alternative that you can consider

Offered through CMHC:

The terms of this mortgage are the following:

Purchases Only
Minimum Credit Score – 650
Up to 35 year Amortization
Must show 1.5% in closing costs available – lender needs to confirm you have additional funds available for legal fees, moving, unforeseen events, etc.

Advantages to Borrowed Down:

Gives you up to 100% financing

Down payment will not be amortized with the mortgage, potentially saving money in interest charges

Fixed and variable rates are available
Borrowed down payment can come from any source – credit cards, loans, unsecured lines of credit; must be able to qualify with debt service ratios including this borrowed down payment

*CMHC Premium is 2.9% – add an additional .20 per 5 year increase in amortization

For example:

Based on a $200,000 mortgage – CMHC Premium is $5,800 rolled in based on a 25 year amortization. If you want to increase your amortization to the maximum 35 year amortization, it would be calculated like this:

$200,000 x 2.9% + .4%= 3.30% $6,600 premium rolled in

Buyer looking for Waterfront Home in Chestermere Lake

Nikki Harrison — Sat, 03 Oct 2009 12:35:00 GMT

If you have been considering listing your waterfront home in Chestermere Lake, contact me today. I have a buyer willing to spend up to $850,000. Must be right on the water.

Nikki - 403-991-2198

No Down Payment? No PROBLEM!

Nikki Harrison — Fri, 02 Oct 2009 14:50:00 GMT

Scotiabank still offers mortgages to select Canadians that have not managed to save for a down payment. With the low housing costs in Calgary right now, there is no time to wait!

There are two ways to get into a home without saving for a down payment:

1. 5% Free Down Payment Program: 5 and 7 year fixed rates ONLY, based on the POSTED RATE - 5.45% (not discounted rate).

--- Qualifying Criteria Includes:

MUST have a credit score of 680+ - no derogatory credit

MUST have strong employment

Costs involved in obtaining this mortgage will be: legal fees and moving expenses

2. Scotia FLEX DOWN MORTGAGE - borrow your down payment from a line of credit or credit card, or personal relationship as long as the monthly payment for it can be debt serviced into your TDS (qualifying) ratios. Regular fully discounted interest rates are available.

--- Qualifying Criteria Includes:

MUST have a credit score of 650+ - no derogatory credit

MUST have strong employment

IF you would like to explore this exciting opportunity further, I can get you pre-approved in minutes and have you out searching for your new home the same day!

Call me today!

Nikki - 403.991.2198

London at Heritage Station - Phase 1 or Phase 2?

Nikki Harrison — Fri, 02 Oct 2009 14:38:00 GMT

There are still many units available in Phase 2 of London at Heritage Station and the builder is trying to sell them off. The difficult chore is more difficult when there are so many other units available in Phase 1, without the cost of GST and with drastically reduce price tags.

The future plans for this development by Westcor Properties include a fitness centre, private movie theatre that tenants can book, a grocery store, and other number retail outlets. There also will be a enclosed walk-way from the development to the Heritage C-Train Station.

If you are interested in viewing one of the available units, I am onsite and able to assist right away.

Call me any time!

403.991.2198

Nikki