Safety tips for a spook-tacular Halloween

General Cindi McLean 26 Oct

Halloween safety: Tips for families – published by Canadian Paediatric Society

Halloween can be a fun and exciting time for kids. These safety tips for parents, children and homeowners will help keep everyone safe and happy this Halloween.

For parents:
– Do not use masks. Masks make it hard for children to see what’s around them, including cars. Try a hypoallergenic (less likely to cause an allergic reaction), non-toxic make-up kit instead.
– Make or buy costumes in light-coloured material.
– Place strips of reflective tape on the back and front of costumes, so that drivers can better see your child.
– Costumes should fit properly to prevent trips and falls. Avoid items such as oversized shoes, high heels, long dresses and long capes.
– Dress your child for the weather. Add layers if needed.
– Put your child’s name, address and phone number on his costume.
– Children under 10 should be accompanied by an adult for trick or treating. By the age of 10, some children are ready to go trick-or-treating with a group of friends.
– Keep in mind that gum and hard candy can pose a choking risk for young children.
– Remove make-up before bedtime to prevent possible skin and eye irritation.

If your child is going out without an adult:
– Make sure your child is in a group of at least 3 people.
– Give them a flashlight. A cell phone is also a good idea if you have one.
– Discuss in advance the route they should follow. Ask them to call you if they plan to go on a street that isn’t on the route.
– Set a curfew (and make sure they have a watch with them).
– Tell your children not to eat anything until they get home.

For children and youth:
– Carry a white bag or pillowcase for your candy, and add some reflective tape.
– Dress for the weather. Cold weather or water absorbent materials in the rain can be very uncomfortable.
– Bring a cell phone, in case you need to make an emergency phone call.
– Always travel in groups. Be sure there are at least 3 of you at all times.
– Let your parents know where you’re going to be at all times.
– Don’t visit houses that are not well lit. Never go inside a stranger’s house.
– Use the sidewalk whenever possible. If there’s no sidewalk, walk on the side of the road facing traffic.
– Don’t criss-cross back and forth across the street. Work your way up one side of the street, and then start on the other.

If you have any allergies, tell the person who is giving out the treats.
– Don’t eat any of your treats before you get home. Once home, ask your parents to look through your treats with you to make sure everything is okay.

For homeowners:
– Turn on outdoor lights, and replace burnt-out bulbs.
– Remove items from your yard or porch that might trip a child.
– Sweep wet leaves from your steps and driveway.
– Use alternative to candles in your pumpkins, such as a flashlight or a battery-operated candle.
– Remember that some children have food allergies. Consider giving treats other than candy, such as stickers, erasers or a yo-yo.

Alternatives to traditional trick-or-treating
Local community centres sometimes offer Halloween night activities.
Local shopping centres often have trick-or-treat nights for young children in a more controlled environment.
Plan a Halloween night at home with themed games and movies. Invite friends.

Wishing everyone a safe and spook-tacular Halloween!

Cindi and Debbie

7 Tips For Buying Your First Home

Mortgage Tips Cindi McLean 26 Oct

As a licensed Mortgage Broker, I am often asked “what do I need to know when buying my first home?”
Everyone has their own aims and objects when buying their first home. As a Mortgage Broker, I specialize in making sure your financing is in order to facilitate your dreams of owning a home.

Buying your first home is very exciting, but it can easily be overwhelming. Being prepared is the first step. The decision to purchase your first home can be a huge, life-changing event and you need to know exactly what you are getting into.

To get you prepared with the knowledge you need, here are my 7 tips to consider when you buy your first home:

1. Strengthen your credit rating.

It’s pretty simple: the higher your credit score, the lower your mortgage rate will be.

Spend the time now to improve your credit. Check your credit report. Many credit reports have errors, so you need to ensure that your credit bureau is current and correct.

ALWAYS pay every single one of your bills on time. Set up automatic payments if you have had any late payments over the last couple of years.

Stop applying for any new credit a year before you are considering buying and continue until you sign the closing papers on your home. Spend only 30% of credit limits on credit cards.

2. Find a Mortgage Broker and figure out how much you can afford to spend.

The home buyer’s mantra: Get a home that’s financially comfortable.

Contact a Dominion Lending Centres Mortgage Professional. We work with you up to a year in advance to analyze your situation, and tell you how much mortgage and monthly payments you can afford.

Lenders like to see that you spend a maximum:

1.       32-39% of your Gross income on mortgage payments, maintenance fees (if applicable), heat & property taxes

2.       38-44% of your Gross Income on all debts
Including #1 above PLUS loans, credit cards, additional financing etc.

1 year+ prior to going home shopping, calculate the mortgage payment for the home in your intended price range, along with the increased expenses (such as taxes, insurance and utilities). Then bank the difference between the home payments and what you’re paying now. Not only will that simulate ownership, it also helps you save for your down payment!

When you are ready to start shopping for your home, as your Mortgage Broker, I gather all your financial documentation that the lender requires, in order to figure out much you can afford to spend. Then I work with you to get a pre-approval and lock in a low interest rate to protect you in case rates rise between now and the time you by your new home.

3. How long will you live in your new home?

The transaction costs of buying and selling a house are substantial including: real estate fees, legal fees, Property Transfer Tax, selling in a down market, moving, etc.

If you don’t plan to live in your new home for at least 3-5 years, you may not gain enough equity to make selling worthwhile.

Short-term home ownership can be a pretty expensive proposition. If that is the case, holding off on purchasing could be your best option.

4. How much house you need?

Buying a cheaper, smaller home might sound like a good place to start, but could end up costing you more if you need to move due to changes in your lifestyle, including a growing family. Then again, buying more house than you currently need will cost you more with higher mortgage payments, higher maintenance, energy and tax costs.

Prioritize your housing wish list. They say that the 3 most important things to think about when buying are home are location, location, location.  You also need to think about how the new home space will be used and whether it will fit your lifestyle now and in the future.

5. Build a savings account.

Start now to build a healthy savings account. To avoid paying CMHC Mortgage Default Insurance you need to prove you have a 20% down payment.

Building your savings account, over and above the money you will require for the down payment and closing costs. Lenders want to see that you’re not living paycheck to paycheck. If you have three to five months’ worth of mortgage payments in your savings, that makes you a much better loan candidate.

6. Remember closing costs.

While you’re saving your down payment, you need to save for closing costs too. They’re typically 1% to 3% of the purchase price and due on the completion date.

7. Shop for a Realtor that has your best interests in mind.

Interview at least three Realtors. Get referrals from people you trust who have recently bought or sold, including me, your mortgage broker. I work with a lot of realtors, some of whom are outstanding in their field. Once you’ve decided which Realtor is the best fit for you, they can help you focus your search to find your perfect home. There is no cost for the Realtor for the home buyer since the home seller pays the commission.

Besides the 7 tips I’ve listed above, there are many other things you should need to be aware of prior to buying your first home.

Mortgages are complicated… BUT they don’t have to be! Engage an expert!

Article Written by Kelly Hudson

Dominion Lending Centres – Accredited Mortgage Professional
Kelly is part of DLC Canadian Mortgage Experts based in Richmond, BC.