Appraised value: An estimate of the value of the property, conducted for the purpose of mortgage lending by a certified appraiser.
A legal document signed by a buyer that requires the buyer assume responsibility for the obligations of an existing mortgage. If someone assumes your mortgage, make sure that you get a release from the mortgage company to ensure that you are no longer liable for the debt.
Blended payments: Payments consisting of principal and interest components, paid during the amortization period of a mortgage.
Broker: A person licensed by the provincial or territorial government to trade in real estate. Real estate Brokers may form companies or offices which appoint sales representatives to provide services to the seller or buyer, or they may provide the same services themselves. In parts of Canada, Brokers are referred to as agents.
Buyer’s Agent (also known as "Buyer’s Broker" or "Purchaser’s Agent"): A person or firm representing the buyer. A Buyer’s Agent’s primary allegiance is to the buyer. The buyer is the Buyer Agent’s client.
Buyer Brokerage Agreement: A written agreement between the buyer and the buyer’s agent, outlining the agency relationship between the two parties and the manner in which the buyer’s agent will be compensated. In some provinces, a buyer agency relationship evolves automatically, without a written agreement.
Client: The person being represented by an agent. The agent owes the client the duties of utmost care, integrity, confidentiality and loyalty.
Closed mortgage: A mortgage that locks you into a specific payment schedule. A penalty usually applies if you repay the loan in full before the end of a closed term.
CMHC: Canada Mortgage and Housing Corporation. A Crown corporation providing information services and mortgage loan insurance.
Conventional mortgage: A mortgage loan issued for up to 80% of the property’s appraised value or purchase price, whichever is less.
An asset, such as term deposit, Canada Savings Bond, or automobile, that you offer as security for a loan.
Commission: An amount agreed to by the seller and the real estate Broker/agent and stated in the listing agreement. It is payable to the Broker/agent on closing and shared, if applicable, among those salespeople involved in the sale.
A system that assesses a borrower on a number of items, assigning points that are used to determine the borrower’s credit worthiness.
Customer: A person who receives valuable information and assistance from a real estate Broker or salesperson, but is not represented by that individual.
Debt-Service Ratio: The measurement of debt payments to gross household income which may include, in addition to the main wage earner’s salary, salaries of other wage earners, commissions, bonuses, overtime, etc.
A sum of money deposited in trust by the purchaser on making an offer to purchase. When the offer is accepted by the vendor (seller), the deposit is held in trust by the listing broker, lawyer, or notary until the closing of the sale, at which point it is given to the vendor. If a house does not close because of the purchaser’s failure to comply with the terms set out in the offer, the purchaser forgoes the deposit, and it is given to the vendor as compensation for the breaking of the contract (the offer).
Down payment: The buyer’s cash payment toward the property that is the difference between the purchase price and the amount of the mortgage loan.
Dual Agent: A real estate Broker or salesperson who acts as agent for both the seller and the buyer in the same transaction. Both buyer and seller are the agent’s clients.
GE Capital Mortgage Insurance Company: GE Capital Mortgage Insurance Company is the only private sector source of mortgage insurance to lenders in Canada.
Gross Debt Service: The amount of money needed to pay principal, interest, taxes and sometimes, energy costs. If the dwelling unit is a condominium, all or a portion of common fees are included, depending on what expenses are covered.
Gross Debt Service Ratio: Gross debt service divided by household income. A rule of thumb is that GDS should not exceed 30%. It is also referred to as PIT (Principal, Interest and Taxes) over income. Sometimes energy costs are added to the formula, producing PITE, which moves the rule of thumb GDS to 32%.
High-ratio mortgage: A mortgage that exceeds 80% of the home’s appraised value. These mortgages must be insured for payment.
Interest rate: The value charged by the lender for the use of the lender’s money, expressed as a percentage.
Interest Adjustment Date (IAD): The date on which the mortgage term will begin. This date is usually the first day of the month following the closing. The interest cost for those days from the closing date to the first of the month are usually paid at closing. That is why it is always better to close your deal towards the end of the month.
Interest-Only Mortgage: A mortgage on which only the monthly interest cost is paid each month. The full principal remains outstanding. The payment is lower than an amortized mortgage since once is not paying any principal.
Land transfer tax, deed tax or property purchase tax: A fee paid to the municipal and/or provincial government for the transferring of property from seller to buyer.
Listing Agreement: The legal agreement between the listing Broker and the seller, setting out the services to be rendered, describing the property for sale and stating the terms of payment. A commission is generally payable to the Broker upon closing.
Maturity date: The end of the term of the loan, at which time you can pay off the mortgage or renew it.
MLS®, Multiple Listing Service®: These are trademarks owned by The Canadian Real Estate Association. They are used in conjunction with a real estate database service, operated by local real estate boards, under which properties may be listed, purchased or sold. An MLS® listing means REALTORS® have agreed to work together for the marketing of a listing.
Mortgage insurance: Applies to high-ratio mortgages. It protects the lender against loss if the borrower is unable to repay the mortgage.
Offer of Purchase and Sale: The document through which the prospective buyer sets out the price and conditions under which he or she will buy the property.
P.I.T.: Principal, interest, and property tax due on a mortgage. If your down payment is greater than 20% of the purchase price or appraised value, the lender will allow you to make your own property tax payments.
Portability: A mortgage option that enables borrowers to take their current mortgage with them to another property, without penalty.
Pre-approved mortgage: Qualifies you for a mortgage before you start shopping. You know exactly how much you can spend and are free to make a firm offer when you find the right home.
Principal: The amount borrowed or still owing on a mortgage loan. Interest is paid on the principal amount.
Prepayment Penalty: A fee charged a borrower by the lender when the borrower prepays all or part of a mortgage over and above the amount agreed upon. Although there is no law as to how a lender can charge you the penalty, a usual charge is the greater of the Interest Rate Differential (IRD) or 3 months interest.
Refinancing: Paying off the existing mortgage and arranging a new one or renegotiating the terms and conditions of an existing mortgage.
REALTOR® : Trademark identifying real estate professionals in Canada who are members of The Canadian Real Estate Association, and as such, subscribe to a high standard of professional service and to a strict Code of Ethics.
Rate Commitment: The number of days the lender will guarantee the mortgage rate on a mortgage approval. This can vary from lender to lender anywhere from 30 to 120 days.
Second mortgage: Additional financing, which usually has a shorter term and a higher interest rate than the first mortgage.
Term: The length of time the interest rate is fixed. It also indicates when the principal balance becomes due and payable to the lender. The terms available are: 6 month, 1,2,3,4,5,6,7,10 year terms, and the interest rates will be fixed for whatever term once chooses.
Total Debt Service (TDS) Ratio: It is the other mathematical calculations used by lenders to determine a borrower’s capacity to repay a mortgage. It takes into account the mortgage payments, property taxes, approximate heating costs, and 50% of any maintenance fees, and any other monthly obligations (i.e. personal loans, car payments, lines of credit, credit card debts, other mortgages, etc.), and this sum is then divided by the gross income of the applicants. Ratios up to 40 % are acceptable.
Variable rate mortgage: A mortgage with fixed payments that fluctuates with interest rates. The changing interest rate determines how much of the payment goes towards the principal.
Vendor take-back mortgage: When the seller provides some or all of the mortgage financing in order to sell their property.
“The saying is trustworthy: If anyone aspires to the office of overseer, he desires a noble task. Therefore an overseer must be above reproach, the husband of one wife, sober-minded, self-controlled, respectable, hospitable, able to teach, not a drunkard, not violent but gentle, not quarrelsome, not a lover of money. He must manage his own household well, with all dignity keeping his children submissive, for if someone does not know how to manage his own household, how will he care for God’s church? He must not be a recent convert, or he may become puffed up with conceit and fall into the condemnation of the devil. Moreover, he must be well thought of by outsiders, so that he may not fall into disgrace, into a snare of the devil.” (1 Timothy 3:1–7, ESV)
The Lord of the Church, Jesus Christ, has given three offices to the Church. These are: Teaching Elders, Ruling Elders, and Deacons. In higher courts, Teaching and Ruling Elders are also known as Presbyters or Commissioners and share in the governing of the Church. These offices are not indications of special pre-eminence by those who hold them, but rather indicate a call to service, to ministry, to special discipleship and the evidencing of the fruit of the Spirit in every part of life.
According to Scripture, those who bear the office of Ruling Elder should be mature believers, led by the Holy Spirit, who exhibit a manner of life that conforms to the biblical description of an officer in Christ’s Church
The entire life of the local church is under the oversight and supervision of the Session. The Session is composed of the Pastor and Associate Pastor(s) and all the Ruling Elders on active service. The Pastor and Associate Pastor(s) are full members of the Session and have the privilege of voting.
The authority to govern is exercised jointly by church courts in ascending gradation. Each Ruling Elder, by virtue of ordination, individually exercises the responsibility of order.
Ruling Elders should study and learn the Word. They should become equipped to teach the Word, lead worship and prayer, and may be invited or commissioned to supply the ministry of the Word where none is available.
Ruling Elders, as Undershepherds, should visit the sick, the bereaved, the lonely, the aged, the shut-in, and all those who have a pastoral need. In cases where there is a special need, the Ruling Elder shall be careful to inform the Pastor.
Ruling Elders have a special responsibility to see to the development of the children of the congregation, to inquire after the inactive members, to encourage new members in spiritual development, and to otherwise show care for those whom they serve.
Ruling Elders should be attentive to themselves and church members, guarding against dangers to the faith and to dangers to the moral life of believers. They are also responsible to warn, admonish, and reclaim those who stray. Where it is deemed necessary, such situations should be brought to the attention of the Session for appropriate action in accordance with the Book of Discipline.
Those who serve well must be prepared for such service, and it is the responsibility of the Session to provide adequate opportunity for those elected to office to prepare
The Session shall make provision for courses of instruction in the following matters: Church government, the Sacraments, the Faith of the Church, the Worship of the Church, the Discipline of the Church, the History of the Church, and an understanding of the office to which one is elected.
The Session shall confer with each person elected to office in the local church to determine if that person feels called to office and is willing to serve faithfully. The Session shall examine candidates for ordination to the office of Ruling Elder or Deacon on 1) personal experience of the saving grace of God in Jesus Christ and progress in spiritual growth, 2) theology and Sacraments of the Church, 3) the government, discipline, worship, and history of the Church, and 4) an understanding of the office to which one is elected.
How to Build Godly Character Through Seatwork Activities. This section includes information on ten “Character Quality Definitions and Biblical Principles” plus how “Seatwork Activities = Great Opportunities for Growth.”
Homeschooling---A Special Window to Children’s Hearts. Daily seatwork sessions are like standing at the window of your children's hearts because this is when their character flaws are likely to surface. By applying the godly pressure of accountability, God will enable you to "see" into each child's carnal nature and deal with it biblically.
Note to Phonics Edition 1 Users: To use Edition 1's Instructions/Answer Key B:1, skip the Short Aa through Long Uu review pages at the end of the current B:1 workbook. (These were adapted from Phonics Workbook C:1 which is no longer available.)
Search engine optimisation may seem scary, but really it's not. It is merely another online marketing method however, it can do depend on a large number of factors and elements, all of which you must understand. If you don't understand SEO, you could miss out on great advantages by reviewing the use. So provide you with started in learning all there is to know. These seo tips are just perfect for those looking for a somewhat more advice.
An expert SEO consultant may help you optimize your internet site for google search indexing. SEO is a complex and ever-evolving process, and also you simply cannot stay informed about it and yet devote sufficient time and energy to your website's core business. A Search Engine Marketing professional, though, is expert in all the latest wrinkles in the search engine optimization process.
While you commence to build your site, you will find out different ways to help customers and check engines navigate your website. One way is to apply breadcrumb navigation. This is a approach to secondary navigation rendering it easier for users to navigate around your website once there. The idea is the fact each page is accurately described so people always know their way around.
If you are intending to enjoy money whatsoever within your SEO efforts, a wise buy would be to open a PPC account. A pay-per-click campaign with Google or any other competitor will assist you to get the site ranked highly very quickly. There's nothing these big companies behind search engines love over money, so it's a "shortcut" for those who is able to afford it.
Put a sitemap in your webpage. A sitemap is actually a page that easily links to any or all available pages in your site, and more importantly how to find them. This feature makes it much simpler for the search engine spiders to navigate your blog. The fewer clicks it will take to get or arrive at a certain page the more effective.
One simple search engine optimisation technique you may implement would be to include keywords in your HTML title tag. This assists search engines like google to simply determine what your page is about. Aside from that, but once visitors search for your keyword, it would show up in bold in the google search results, drawing more focus to your listing.
An internet site map can assist search engines to index your website. The web page map, or navigation bar, lets the major search engines access your pages from all other pages on the webpage. Adding a site map is an easy approach to boost your rank with popular search engine listings.
Submit your website to major search engines like yahoo. This might appear to be it is an obvious step, but some site owners feel that a search engine will link to you if somebody searches a particular keyword. While this may be true, you may possibly not be the first listed, and even on page one. Optimize this tactic if you are paying a compact fee to the major search engines, and acquire your web site in addition to the outcome.
Try to use a static URL. Dynamic URLs seem to search engines as duplicates, which means that your site may not place as on top of their rating lists while you would prefer. Static URLs appear as multiple different sites, allowing the various search engines to see that you have multiple pages, rather than going to a duplicate.
Every link online that leads with an external site should be validated regularly. Links that time to missing content (broken links) are bad news. Not only are broken links annoying to visitors, they can be penalized by search engine indexing algorithms. Fixing or deleting broken links improves a website's position on the search engine results pages.
Do not forget that keywords or phrases on every one of your pages should total to around 3 to 5 percent from the total text from the pages. Your keywords must be spread out across multiple pages, not merely focusing only in the homepage, as all of your pages carry an importance. Your page may have more entry points when it has more ranks.
As discussed earlier from the article, one of many hottest trends inside the competitive world-wide-web market, is the use of keywords, in relation to search engines like google. Traditional advertising methods will not benefit the world wide web. By finding out how this works and what it really methods to you, you are able to stay competitive over the web business arena.
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The Centre for Christian Spirituality was established in 1986 by the then Archbishop of Cape Town and Nobel Peace Prize winner Desmond Mpilo Tutu. Read more...
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Last Monday my world came to a screeching halt. The busyness that had consumed my life simply stopped, and suddenly, there was nothing. For months my every day included appointments and phone calls with doctors, therapists, teachers, and insurance. As a veteran special needs parent, managing chaos is something I have grown to be very good at, and to some extent, something that I thrive on. I am the one who always knows exactly what to do. Formulating a plan of action is as second nature to me as brushing my teeth, and maintaining status quo even in a crisis is my specialty. But, on Monday, the chaos dissipated like a fog, and with it went the resolve I wear like a suit of armor.
Twice this summer, my fifteen year old son was hospitalized with pancreatitis. I was shocked and confused by the first bought, but when the second one hit less than three months after the first, I was determined to find the cause. There had to be some bug or some fluky thing that had cropped up and needed dealing with. During the hospital stay he was tested for everything under the sun, and nothing showed up. I was convinced he would be one of those poor individuals that just never knows why their pancreas occasionally gets mad at them. I was already preparing my son to watch for early signs and symptoms of pancreatitis so that we could be more proactive if and when a future attack happened. Having a plan is calming, and I had my plan in place. I was good.
Mayo Clinic has something called The Patient Online Portal which holds all patient records including lab tests within minutes of them being entered. This is empowering to a special needs parent, as we no longer have to wait for a phone call or an appointment with a doctor to get our child’s results. So of course I spent most of last Monday morning sitting in a waiting room while my son was being seen by numerous clinicians scouring his online portal account. I was so sure that the lab tests would all come back normal, and we would never have a clear reason for the flare ups. I liked the idea of it being a weird viral thing, especially because of the severity of what we could be facing. I was prepared for not knowing. What I was not prepared for was a positive sweat test and Cystic Fibrosis. While my son was in getting his pancreatic MRI, I sat in a waiting room and cried. My world, the chaos, the noise, all came to a screeching halt. I called my husband and told him the news – deafening silence.
I collected myself, and got through the rest of the appointments. That night, as my husband and I tried to come up with a way to explain this news to our son, the doctor called with more news – pancreatic divisum and unfavorable “changes’ to his kidneys showed on the MRI. The doctor quietly explained the litany of appointments we would be attending in the near future, as I sat with the phone in my hands, completely numb.
With extreme caution and gentleness, we explained everything to our son. All the while explaining all the positives that we had in our midst, hoping that if I said them out loud enough times, I could eventually believe them. We spent the next few hours reciting the same story to the rest of our family – one by one. With each retelling, the truth of the situation became more and more real. My son has Cystic Fibrosis. My son has Cystic Fibrosis. My son has Cystic Fibrosis.
When you find yourself in a moment, and your world is standing still, it is okay to just breathe. What does that mean? It means, Just Breathe. Give yourself time. Feel. Be sad. Be angry. Cry. Give yourself grace to ride the emotional roller coaster, because it isn’t going away.
I was so very angry. I was angry at the doctor for telling me things I did not want to hear. I was angry at every doctor who had ever seen my son previously and missed the Cystic Fibrosis. I was angry at people who seemed happy or content with life. I wasn’t angry with them per se. I was angry at happiness itself, because joy had somehow abandoned me. I could not see a joyous future, and truth be told, I needed my anger. My anger gave me the strength to move forward with my daily tasks and responsibilities. Even when life is standing still for you, it is still moving forward, and my kids still expected breakfast, clean clothes, and homework help. They still deserved a functioning mom, even if that meant I was going through the motions. Anger helped me do this. It gave me the energy to pull off the covers and get out of bed. Anger has its place, so don’t forget to use it when you need.
Over the last week I have shed thousands of tears. Tears of anger. Tears of the lost normal I had grown accustomed to. Tears of fear over what our new normal will become. Tears for my son, my husband, my other children, and parents and husband’s parents. As I went along with my daily tasks, tears would simply hit me out of no where. I spent quite a bit of time in bathrooms crying. It still hits me. But with each tear comes relief, the world doesn’t look as gloomy, and life begins to move forward again. There truly is nothing quite as therapeutic as a “good cry” or twenty. Whatever gets the job done.
I am very fortunate that we did not have a list of activities planned last week, because I would have needed to cancel all of them without feeling guilty in the least. I was in no position to see anyone or really talk to anyone. The anger I was using to fuel my daily activities was also very close the the surface and my tongue. Just like fire has its place, so does anger, but if either is kept unchecked, they will destroy everything in their paths.
Well meaning people would say things that would instantly make me hot. Then other well meaning people would say the exact same thing, and I would be comforted. Seems crazy as I write that, but it’s true. And, it had nothing to do with who said what or what was said. I was on that roller coaster of emotions and truly wasn’t rational. Sometimes space is necessary, and it is okay to make room in your life for that emotional roller coaster ride, at least for the short term. It may be that a mental health sick day from work is in order, and if so, do not feel guilty. Believe me, people will understand. And, if they don’t, they have no business in your life anyway.
I am happy to report that this week things look and feel a lot better. The tears have mostly dried up, and the emotional roller coaster seems to have ended, at least for now. I am not saying that everything is fine, because it isn’t. I will never be fine with my son’s diagnosis, but at least I can now see light. We have a path in place, and have found the beginnings of a new normal that isn’t as scary as I had imagined. So if you find your world has come to a screeching halt, remember, Just Breathe!
Hello! My name is Christine, and I am a special needs homeschool mom. My goal is to build a community of like minded moms and dads who are working to help their special kiddos succeed. Here you will find tips, strategies and resources to help you along in your journey. I truly hope that you find this site to be a great resource. If you have any questions, feel free to email me at clientcare@christineahoward.com and I will get back to you shortly.
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Help feed the hungry and make our city green as we garden with the children and other residents at Partner Arms Apartment. Talk with Pastor Lee or email clcoffice@verizon.net if you would like to volunteer.