Trusted Tips and Resources

Trusted Tips & Resources

Navigating Down Payment Options with Trusted Regina Mortgage Broker Ryan Boughen

The land of mortgages is big, and Ryan Boughen, a multi-award-winning Regina Mortgage broker with TMG The Mortgage Group, understands how confusing it can be with new rules, rates and information appearing regularly in the market. There are also dozens of lenders with thousands of mortgage products available. Ryan Boughen is a Trusted Regina Mortgage Broker, and in his latest mortgage tip, he shares down payment options and how much money you  need to buy a house. 



Unlocking Homeownership: Navigating  Down Payment Options with Trusted Regina Mortgage Broker Ryan Boughen


You’re not alone if you’ve ever dreamt of owning a home. However, the path to homeownership often begins with the question: How much money do I need for a down payment in Regina?


Fear not, for we have Ryan Boughen, a trusted mortgage broker from TMG The Mortgage Group, to guide you through the ins and outs of Canadian down payment options and demystify the process of acquiring your dream home in Saskatchewan.


Before we delve into down payment options, let's take a moment to appreciate the Regina area’s unique real estate landscape. With its city life, lake communities, thriving bedroom communities, acreages and lots of diverse housing options, this area of the province offers a range of opportunities for prospective homeowners. Whether you're eyeing moving full-time to the lake and commuting to work from Regina Beach, or it’s time to look for a spacious family home in the city. The key to unlocking these dreams lies in understanding your down payment.


Canadian Down Payment Basics:

The minimum down payment in Canada to purchase a home depends on the property's purchase price. While the nationwide standard is 5%, I want to emphasize the importance of considering your financial situation and long-term goals. A higher down payment reduces your mortgage amount and can lead to lower monthly payments and interest costs.


Down Payment Programs:

The journey to homeownership becomes even more exciting with the availability of down payment assistance programs. As your dedicated TMG Regina mortgage broker, my team and I will walk you through various programs designed to make your dream home more attainable. From the First Home Savings Account (FHSA) to the Home Buyers' Plan (HBP) for RRSP withdrawals, these programs offer financial incentives and flexibility, ensuring that you can make a confident investment in your future.


Gifts:

Gifts are allowed from immediate family members (parents, grandparents, children), as well as non-purchasing spouses. 


Flex Down (borrowed down payment):

Borrowers with a strong credit history and access to credit or a loan from a friend or family member may use borrowed funds for their down payment.  The buyer must be able to afford the extra payments from the loan.

 


Customized Solutions for Every Homebuyer:

As a seasoned mortgage broker, I understand that each homebuyer is unique, and there is no one-size-fits-all solution. I take a personalized approach to mortgage brokering, tailoring my guidance to your specific needs and financial circumstances. Whether you're a first-time homebuyer or considering an upgrade, my team’s commitment to excellence ensures a smooth and enjoyable journey to homeownership.


Embarking on the path to homeownership in Saskatchewan is an exciting adventure, and with Ryan Boughen by your side, it becomes a seamless and rewarding experience. As you explore the various down payment options and navigate the intricacies of Saskatchewan's housing market, remember that your dream home is within reach.


Trust in Ryan Boughen, and let the journey to your new home begin!




Trusted Regina Insurance Experts at Dusyk & Barlow Tip on Auto Insurance Coverage for Vehicles in Storage

Dusyk & Barlow is a 100% locally owned Regina Insurance Brokerage providing honest, reliable, and personalized service to all their clients. Their long-standing reputation in the community remains strong through maintaining high standards of excellence and ensuring that their clients' insurance needs are met.

They are Trusted Regina insurance experts!

Do You Have Proper Auto Insurance Coverage For Vehicles In Storage? 


Dusyk & Barlow Insurance Brokers Ltd. has two locations in Regina, SK. They are family-based, locally-owned Insurance brokers who have been involved in the Saskatchewan insurance industry since 1936. Insurance products they offer include auto insurance, including Saskatchewan SGI motor licensing services, home insurancecondo insurancetenant insurancetravel medical insurancecommercial insurance, and bonding and surety services. Our latest article shares some important information about auto insurance for vehicles in storage.


Protecting Your Vehicle In Storage: Why Home Insurance May Not Be Enough

Your home is not just a place to live; it’s also where you store many valuable possessions, including your vehicle. If you have a garage, you might assume your vehicle is automatically covered by your home insurance while parked there. However, this isn’t always the case, especially in Saskatchewan. In this blog post, we’ll explore why your vehicle may not be covered by your home insurance when it’s in the garage, and we’ll discuss the importance of keeping your vehicle insured through your auto policy, even when it’s temporarily in storage.


Home Insurance and Vehicle Coverage

Home insurance is primarily designed to protect your home and its contents, not your vehicles. While it typically covers personal property, including items in your garage, it often has limitations regarding vehicles. In  Saskatchewan, home insurance may not extend coverage to your vehicle at all, even if it’s parked in the garage.


The Importance of Auto Insurance

Auto insurance is specifically tailored to protect your vehicles, whether on the road or in storage. It provides coverage for various situations, including accidents, theft, vandalism, and damage that can occur in your garage or while your vehicle is parked. Even when your vehicle is not in use and temporarily stored, it’s crucial to maintain auto insurance coverage to safeguard your investment.


Auto Insurance While in Storage

In Saskatchewan, you can adjust your auto insurance coverage when your vehicle is unused. You can switch to a “storage” or “lay-up” policy, which is more cost-effective than standard coverage because it removes certain risks associated with active driving.

A storage policy typically covers:

  1. Comprehensive Coverage: This protects your vehicle from non-driving-related incidents such as theft, vandalism, fire, and natural disasters.
  2. Limited Usage: Some storage policies allow for minimal usage, such as moving your vehicle within your property or to a repair shop.
  3. Theft and Vandalism Protection: Comprehensive coverage under a storage policy ensures your vehicle is protected against theft and vandalism even when parked in your garage.

The Consequences of No Auto Insurance Coverage For Vehicles In Storage

Failing to maintain adequate auto insurance coverage while your vehicle is in storage can have significant consequences. You may be left without financial protection if an unexpected event occurs, such as a break-in or a fire that damages your vehicle. Repairing or replacing a vehicle can be a substantial expense; without insurance, you would have to cover these costs out of pocket.

While it may be tempting to assume that your home insurance covers your vehicle when it’s parked in the garage, this is not always the case. To protect your vehicle from various risks, including theft, vandalism, and damage, it’s essential to maintain auto insurance coverage even when your vehicle is temporarily in storage. Consider switching to a storage policy to reduce costs while protecting your valuable assets. Remember, being proactive with your insurance coverage is the best way to secure your peace of mind and financial well-being.

If you would like additional information, a quote on insurance, or information about any insurance products we provide, don’t hesitate to contact us at either of Dusyk & Barlow’s locations.


 “Protecting What’s Important Since 1936”

DUSYK & BARLOW INSURANCE BROKER  


Dusyk & Barlow is a 100% locally owned Regina Insurance Brokerage providing honest, reliable, and personalized service to all its clients. Their long-standing reputation in the Regina community remains strong through maintaining high standards of excellence and ensuring that their client’s insurance needs are met.

Insuring Your Motorcycle - Expert Tip from Trusted Regina Insurance Provider Campbell & Haliburton

Trusted Regina Insurance experts at Campbell and Haliburton Insurance Inc have been in the community for over 50 years. They know it is customer service and knowledge that counts when you are in need of an insurance company in Regina. Campbell & Haliburton Insurance, myCH.ca, dedicated insurance brokers in Regina, can assist you with finding the plan that works best for you. Their latest article gives you tips on properly insuring your motorcycle in Regina or anywhere else in Saskatchewan. 



When it comes to auto insurance coverage, it’s important to ensure that all your vehicles are adequately protected. We can help you safeguard not only your everyday cars but also your unique and cherished speciality vehicles. Whether you own antique or classic vehicles, motorcycles, 3-wheeled vehicles, snowmobiles, or motorhomes, we can help you find the perfect insurance.


INSURING YOUR MOTORCYCLE


Motorcycles and Snowmobiles: Thrilling Rides with Added Protection

For those who love the thrill of riding motorcycles or snowmobiles in Saskatchewan, SGI CANADA Auto Pak policy offers coverage tailored to your specific needs. Since motorcycles and snowmobiles are seasonal vehicles, an Auto Pak policy ensures your ride is protected even when it’s unlicensed. However, it’s important to note that this coverage does not extend to operating on Crown lands, trails, lakes, public roadways, or mountainous areas. Auto Pak coverage for these vehicles does not include personal injury payment benefits or family security coverage.


3-Wheeled Vehicles: A Unique Ride

If you’re a proud owner of a 3-wheeled vehicle, SGI CANADA Auto Pak offers comprehensive coverage tailored specifically to meet your needs. Their Auto Paks come with increased liability coverage and lower deductible options, allowing you to reduce your costs in case of a claim. Although 3-wheeled vehicles share similarities with motorcycles and passenger cars, they don’t have to meet the same federal safety standards. This means that in the event of a collision, drivers and passengers may not have the same level of protection. While some 3-wheeled models include safety features like roll protection and seat belts, they generally lack airbags. It’s important to note that Auto Pak coverage for 3-wheeled vehicles does not include personal injury payment benefits or family security coverage.


Antique Vehicles: Preserving the Classics

If you’re an avid collector or simply cherish your antique vehicle, there is auto Insurance that offers additional coverage to protect your prized possession. Whether you take it out for a leisurely drive on weekends or keep it safely stored most of the time, having the right coverage is crucial. With an SGI Auto Pak, you can choose from a range of coverage options to ensure your vehicle and your family are protected. Even during the periods when your classic vehicle is in storage and not in use, your policy will safeguard you from potential loss.


Additional Coverage for Specialty Vehicles

If you own an all-terrain vehicle (ATV), boat, or personal watercraft, SGI CANADA offers coverage options that can be included with your house, tenant, condo, or mobile home insurance. This ensures comprehensive protection for all your valuable assets.

To explore the various coverage options available to assist with insuring your motorcycle or other specialty vehicles in Regina and to receive expert insurance advice on pricing, it’s recommended to consult with a Campbell & Haliburton insurance broker. They can guide you through the process and help you select the right coverage that meets your unique needs. 

Their commitment to customer service is one of the pillars of their business. They know insurance inside and out, so please get in touch with them for all of your auto insurance needs and they will be more than happy to help ensure what you value most is protected. We are a Trusted Regina insurance broker.

**This is a general overview. There are many different insurance companies, and there are always differences in insurance policies. For specific details on your policy and coverage, we recommend that you contact your agent or broker.

Trusted Regina Insurance Provider Campbell & Haliburton Review Alarm Systems and Your Home Insurance

Trusted Regina Insurance experts at Campbell and Haliburton Insurance Inc have been in the community for over 50 years. They know it is customer service and knowledge that counts when you are in need of an insurance company in Regina. Campbell & Haliburton Insurance, myCH.ca, dedicated insurance brokers in Regina, can assist you with finding the plan that works best for you. In their latest Campbell & Halliburton Regina insurance tip, they explore the effects of an alarm system and your home insurance and how it can significantly impact your home insurance policy. By investing in these security measures, you not only enhance the safety of your property but also unlock potential savings.



Alarm systems are a powerful tool to protect your home against potential intruders. By installing burglary sensors such as door contacts, motion detectors, window contacts, and glass break sensors, you create a strong defense mechanism. Informing us at Campbell & Haliburton Insurance about these enhancements showcases your commitment to safeguarding your property and may result in improved coverage options.


Burglaries

Beyond burglaries, homes face other risks that can lead to significant damage. Environmental alarm sensors, including water sensors, low-temperature detectors, smoke detectors, and carbon monoxide detectors, provide early warnings against potential hazards.


Home Automation

Modern alarm systems have evolved, incorporating advanced technology to offer convenient and efficient security solutions. With built-in SIM cards, there’s no longer a need for traditional phone lines. This ensures seamless monitoring and communication. Homeowners can receive real-time alerts, change codes, and manage authorized users remotely via a smartphone app. This level of control enhances convenience and peace of mind.

Alarm systems can go beyond security features, integrating with home automation for a seamless living experience. Imagine controlling not only your alarm system but also your lights, thermostats, and appliances through the same alarm app on your smartphone. This enables personalized schedules, simulated occupancy, and remote management, even when you’re away. Embracing home automation not only enhances security but also improves energy efficiency.


Reduce Home Insurance Premiums

By investing in alarm systems and keeping us informed, you bolster your home’s security while potentially reducing insurance premiums. Strengthening your defense against intruders, mitigating risks, leveraging advanced technology, and embracing home automation are crucial steps toward a safer and more efficient home.


Communicate with Your Campbell & Haliburton Insurance Broker

Remember to communicate any security enhancements, or alarm system installations to us at Campbell & Haliburton. This ensures that your policy accurately reflects the measures you’ve taken and maximizes your coverage.

Protect your home, enhance your peace of mind, and embark on a journey toward a safer and more secure living environment. Campbell & Haliburton Insurance is here to assist you with tailored insurance solutions that align with your commitment to home security. If you have any questions about your alarm system and your home insurance in Saskatchewan, it’s recommended to consult with a Campbell & Haliburton Team Member. Their commitment to customer service is one of the pillars of our business. They know insurance inside and out, so please get in touch with them for all of your auto insurance needs and they will be more than happy to help ensure what you value most is protected.

**This is a general overview. There are many different insurance companies, and there are always differences in insurance policies. For specific details on your policy and coverage, we recommend that you contact your agent or broker.

9 Smart Strategies for Controlling Holiday Spending From Trusted Regina Financial Advisor Chris Worby at Worby Wealth Management

Chris Worby is a Trusted Regina-based financial advisor and Wealth Management services provider. With over 20 years of experience, Worby Wealth Management has been committed to providing a high standard of financial service to individuals, families and business owners in Regina and area. Worby Wealth Management listens and provides a personalized financial plan. In their latest Worby Wealth Management Trusted Regina Financial Tip, Chris Worby provides 9 smart strategies for controlling holiday spending.


9 Smart Strategies for Controlling Holiday Spending


The holiday season is undoubtedly the most wonderful time of the year, but it can also be the most expensive. The costs can quickly add up between gift-giving, decorating, entertaining, and travelling. However, with a little planning and discipline, it’s possible to enjoy a festive Christmas without breaking the bank. In this blog post, we will explore some smart strategies to help you control your holiday spending and make the most of this joyous season without accumulating excessive debt.


1. Set a Realistic Budget
The first step in managing your holiday spending is to set a budget. Look closely at your financial situation and determine how much you can comfortably afford to spend without jeopardizing your financial well-being. Consider all aspects of your holiday expenses, including gifts, decorations, travel, and special events. Having a clear budget in mind will keep you on track and help you avoid impulsive spending.


2. Make a List and Prioritize
Once you have your budget in place, list the people you want to buy gifts for and the items you plan to purchase. It’s essential to prioritize your spending by allocating more money to loved ones and less to acquaintances or co-workers. Be thoughtful and practical when selecting gifts to ensure your money is well-spent.


3. Embrace Homemade Gifts
Making homemade gifts is one of the most heartwarming ways to control holiday spending. Handcrafted items, like homemade candles, knitted scarves, or baked goods, save money and show the thought and effort you’ve put into creating something special for your loved ones.


4. Take Advantage of Sales and Discounts
Keep an eye out for holiday sales and discounts in stores and online. Black Friday, Cyber Monday, and other seasonal promotions can help you stretch your budget. Planning ahead, creating a shopping list, and sticking to it when hunting for deals to avoid impulse purchases is essential.


5. Utilize Cash and Debit Cards
Credit cards can make holiday spending easy but also lead to overspending due to the allure of deferred payments. Instead, opt for cash or debit cards when shopping. This way, you can’t spend more than what’s in your account or within your set budget.


Spent too much on gifts 6. Track Your Spending
Keep a record of your holiday spending by maintaining a spreadsheet or using a budgeting app. This will help you stay accountable and prevent exceeding your budget. Regularly reviewing your expenses can also alert you to any areas where you might need to cut back.


7. Plan Your Meals and Entertainment
Holiday feasts and gatherings can put a significant dent in your budget. Plan your meals and entertainment well in advance, making a shopping list and seeking out affordable recipes. Consider potluck-style gatherings to distribute the cost among your friends and family.


8. Set Limits on Decorations
Decorations can be beautiful but costly. Consider limiting your spending on holiday decor, or make it a tradition to reuse decorations from previous years. DIY decorations can also be a fun and cost-effective way to add festive flair to your home.


9. Consider Charitable Giving
The holiday season is a time for giving, and it doesn’t always have to be in the form of material gifts. Consider allocating a portion of your budget for charitable donations to positively impact those less fortunate.


The holiday season is a time for joy, togetherness, and celebration. While gift-giving is a cherished tradition, it’s essential to do so in a way that aligns with your financial reality. By setting a budget, making a list, and being mindful of your spending, you can enjoy the season without accumulating excessive debt. Remember, the true spirit of giving is about love and connection, not the price tag of your gifts.


Contact Worby Wealth Management Regina so we can review your personal finances and estate planning needs today.


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TRUSTED REGINA FINANCIAL ADVISOR Chris Worby from Worby Wealth Management helps you live your dream!

 

The comments herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice in the context of your particular circumstances.  This Blog was written, designed and produced by  Chris Worby for the benefit of Chris Worby, a Financial Advisor at Worby Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc.  The information contained in this article comes from sources we believe are reliable, but we cannot guarantee its accuracy or reliability.  The opinions expressed are based on an analysis and interpretation dating from the publication date and are subject to change without notice.  Furthermore, they do not constitute an offer or solicitation to buy or sell securities.  Mutual Funds approved exempt market products and/or exchange-traded funds are offered through Investia Financial Services Inc.

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