ATTENTION: HOMEOWNERS 55+ WHO ARE CONTEMPLATING DOWNSIZING

by Davelle Morrison

“How can you downsize your home and move to your next step in life?”

Have you been in your home for 20+ years and are not sure where to go next?
Are you concerned about the changes downsizing will bring to your life?
Is looking after your home becoming too difficult?
Is your home too big for you?Downsizing

Are the costs of home repairs becoming too high?
Is the thought of moving overwhelming?
Would you like to retrofit your home so that you can stay there longer?
Does your home no longer fit your physical or lifestyle needs?

Then join us for a FREE SEMINAR Downsizing Your Space

Date:                         Wednesday, February 4th, 2015
Time:                         12:30pm-2:30pm
Location:                   Coquine Restaurant 2075 Yonge St.
RSVP:                         416.481.6137 or info@morrisonsellsrealestate.com

FREE lunch & non-alcoholic refreshments will be served
Don’t miss this opportunity! Limited space available!

At this SEMINAR, you’ll learn:

  • How you can stay in the neighbourhood when you are ready to move on
  • Where to start when trying to downsize your life
  • How to declutter your belongings
  • How to not be overwhelmed
  • How to face the loss of independence
  • Where you can move to after you leave your home
  • How you can modify your home so you can stay longer
  • About condos in midtown Toronto
  • About retirement residences into midtown

ATTEND this FREE information session at NO-COST & NO-OBLIGATION. Arm yourself with the information that you need to know to make smart choices about downsizing your life! You’ll benefit from industry expertise from a downsizing expert, real estate agent & home retrofitt specialist.

Please feel free to bring a friend or family member with you.

ATTENTION: INDEPENDENT WOMEN!

by Davelle Morrison

Would you like to increase your assets & monthly cash flow now and in retirement?
Would you like to learn how to protect those assets and your earnings?
Would you like to learn how to legally protect yourself in the event of the breakup of your marriage or before you marry or move in with someone?
Then join me for the REAL ESTATE, FINANCE & LIFE PLANNING BOOTCAMP

Dream Condo Space

Date: TBD
Time: 6:30pm-9:30pm
Location: COQUINE RESTAURANT, 2075 Yonge Street
RSVP: info@morrisontalksrealestate.com

Don’t miss this informative evening! Limited space available!

At this 90 minute INFORMATION SESSION, you’ll learn:

• How to secure your future through real estate?
• How to overcome the hurdles of your first investment?
• How to own a house for less than $2,500/month?
• How to find & keep good tenants?
• How to gain additional monthly income from real estate?
• How to reduce your costs if you are purchasing a pre-construction condo
• How to protect your ability to earn an income even when you are critically ill?
• How to budget your life for success?
• How to legally protect yourself in the event of the breakup of your marriage or before you marry or move in with someone?

Dream Loft Space

ATTEND this information session at NO-COST & NO-OBLIGATION. Arm yourself with the information that you need to know to make the most important purchase in your life! You’ll benefit from industry expertise from a real estate agent, mortgage broker, real estate & family lawyers, financial advisor & insurance broker.

GUEST SPEAKERS INCLUDE:
• Davelle Morrison, Sales Representative, Bosley Real Estate Ltd., Brokerage
• Bruce Flanagan, Mortgage Agent, Premiere Mortgage
• Connie Parsons, Senior Financial Advisor & Independent Insurance Broker
• Lisa Laredo, Real Estate Lawyer
• Ellen Nightingale, Family Law Lawyer & Collaborative Practitioner

Why Pay Down Your Mortgage Sooner

by Davelle Morrison

Have you ever stopped to do the math on how much interest you pay over the life of your mortgage?  I was in a real estate investment analysis class recently when the instructor asked us to calculate the overall interest paid over the life of a mortgage using various amortizations.  

Consider the following example: 

Scenarios #1 #2 #3
Mortgage $400,000 $400,000 $400,000
Interest Rate 3.19% 3.19% 3.19%
Amortization 30 years 25 years 20 years
Monthly Mortgage Payment $1,723 $1,932 $2,252
Principal Paid $400,000 $400,000 $400,000
Interest Paid (over the life of the mortgage $220,314 $179,658 $140,572

 We can see that in the above example that paying down your mortgage in 25 years offers you a savings of $40,656 over the life of your mortgage.  Paying your mortgage off in 20 years provides a savings of $79,742 over the life of your mortgage.  The savings are significant and should make most of us think about how fast we should pay down our mortgages.