Primary Choice Homes Rent to own privacy policy

Primary Choice Homes rent to own Privacy Policy

This privacy policy has been compiled to better serve those who are concerned with how their personal information is being used online. Personal Information is information that can be used on its own or with other information to identify, contact, or locate a single person, or to identify an individual in context. Please read our privacy policy carefully to get a clear understanding of how we collect, use, protect or otherwise handle your personal information in accordance with our website.

 

What personal information do we collect from the people that visit our blog, website or app?

 

When applying or registering on our site, as appropriate, you may be asked to enter your name, email address, phone number, credit score, employment data, home ownership status or other details to help you with your experience.

 

When do we collect information?

 

We collect information from you when you fill out a form or enter information on our site.

How do we use your information?

We may use the information we collect from you when you fill out an application, respond to a survey or marketing communication, surf the website, or use certain other site features in the following ways:

To allow us to better service you in responding to your customer service requests.

 

How do we protect your information?

We use security measures on all our mobile devices, tablets and computers to ensure all personal information is protected.
We only provide articles and information. We never ask for credit card numbers.

 

Do we use ‘cookies’?

 

We do not use cookies for tracking purposes
You can choose to have your computer warn you each time a cookie is being sent, or you can choose to turn off all cookies. You do this through your browser settings. Since browser is a little different, look at your browser’s Help Menu to learn the correct way to modify your cookies.

 

Third-party disclosure

 

We do not sell, trade, or otherwise transfer to outside parties your Personally Identifiable Information.

 

Third-party links

 

Occasionally, at our discretion, we may include or offer third-party products or services on our website. These third-party sites have separate and independent privacy policies. We therefore have no responsibility or liability for the content and activities of these linked sites. Nonetheless, we seek to protect the integrity of our site and welcome any feedback about these sites.

 

Google

 

Google’s advertising requirements can be summed up by Google’s Advertising Principles. They are put in place to provide a positive experience for users. https://support.google.com/adwordspolicy/answer/1316548?hl=en

We have not enabled Google AdSense on our site but we may do so in the future.

 

How does our site handle Do Not Track signals?

 

We honor Do Not Track signals and Do Not Track, plant cookies, or use advertising when a Do Not Track (DNT) browser mechanism is in place.

 

Does our site allow third-party behavioral tracking?

 

It’s also important to note that we do not allow third-party behavioral tracking.

 

Anti-spam

Canada’s anti-spam legislation sets the rules for commercial email, establishes requirements for commercial messages, and gives email recipients the right to have emails stopped from being sent to them.

We collect your email address in order to:
Send information, respond to inquiries, and/or other requests or questions
Market to our mailing list or continue to send emails to our clients and prospects after the original contact has occurred.
To be in accordance with Canada’s anti-spam legislation, we agree to the following:
Not use false or misleading subjects or email addresses.
Identify the message as an advertisement in some reasonable way.
Include the physical address of our business or site headquarters.
Monitor third-party email marketing services for compliance, if one is used.
Honor opt-out/unsubscribe requests quickly.
Allow users to unsubscribe by using the link at the bottom of each email.

If at any time you would like to unsubscribe from receiving future emails, you can email us at
info@primarychoicehomes.com and we will promptly remove you from ALL correspondence.

 

Contacting Us

If there are any questions regarding this privacy policy, you may contact us using the information below.

www.primarychoicehomes.com
Nelson, British Columbia
Canada
info@primarychoicehomes.com
Last Edited on April 21, 2018

The “Stress Test” – How Is This Going to Impact You

Jackie Bowen

 

Dear Clients, Friends and Family,

Over the next few weeks and months ahead, you will hear a lot of commentary on whether the new uninsured ‘stress test’ rules are good or bad for the consumer and necessary or unnecessary for the stability of the mortgage industry in Canada. Without question, you will hear that the sky is falling and that NO one will ever qualify for a mortgage again. My favorite is “the housing market in Canada is going to come crashing down”. With all the challenges, the Canadian mortgage industry has faced since 2007, including one of the worst economic crashes and some of the most significant rule changes to our industry, the housing market has continued to thrive. Although these new changes are significant and will have an impact to the consumer’s borrowing power, we believe the industry in time will adjust as it always does.

Saying all that, the one concern that I have after January 1st, 2018 is that it will become more difficult to qualify for a mortgage and to understand how all the industry changes over the past year affects you, NOW more than ever you need to be working with a mortgage professional. With my experience, knowledge and the variety of mortgage lenders and options I can provide, my services have never been more important. With access to most of the major banks, credit unions, mortgage companies and private lenders, I have the ability to shop the market place to provide you a tailored mortgage solution.

So, what was the biggest change announced? The biggest change to the new rules is surrounding the mortgage qualification and incorporating of a stress test to each mortgage application. Although a similar test was incorporated last year to high ratio mortgages (anyone with less than 20% equity), this new rule now applies to anyone with 20% or more equity in their home (conventional mortgage). Qualification for all conventional and unconventional mortgages will now be calculated at a minimum qualifying rate which is the GREATER of the five-year benchmark rate (currently 4.89%) published by the Bank of Canada or the contractual mortgage rate +2%. So, to put this in perspective, if the 5-year fixed rate is at 3.25%, the lenders are required to qualify your mortgage using payments based on the rate of 5.25% (3.25% + 2.00% = 5.25%). You don’t need to be a mathematician to understand that these changes will drastically effect how much you will qualify for your next mortgage.

If you are concerned about how these changes could affect you now or in the near future or if you are thinking of renovating, consolidating or purchasing an investment property, now is definitely a good time for us to go over your options and review the your current mortgage and future goals.

Please do not hesitate to call me at 604-839-1803 or email me at info@jackiebowen.ca so that we can arrange a time to go over your options.

Sincerely,

Jackie

 

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