Your expected annual house price gain if you're unsure, try using the long-term average inflation rate of 2. Estimated value when you're ready to sell. Your estimated percentage decline from current value. Projected value after decline. Value of your home or the bottom line home value from either parts one or two.
Try it: The Globe and Mail Downsize Your Home Worksheet - The Globe and Mail
Percentage real estate commission for selling. Land transfer tax on purchase of your next home, if applicable Click here to calculate what you'll owe, if anything. Furnishings and upgrades for your new home. The value of your home or the bottom line home value from either parts one or two.
Actual or anticipated balance owing on your line of credit or remaining mortagage balance. Cost of new home leave blank if you plan to rent. Funds remaining after you buy your next home. Surplus or shortfall compared to your targeted net gain after downsizing. Funds remaining after you buy your next home from Part Four.
Buy This Workbook Now
Your pre-tax annual gains. Report an error Editorial code of conduct. Log in Subscribe to comment Why do I need to subscribe? It is a record of your credit history, bad and good. When did you last pull your credit report? Mortgage decisions are based heavily on your credit history.
- First-Time Homebuyer - A+ Federal Credit Union?
- By Marni Jameson.
- EB-5 and U.S Securities Law (Private Placement Handbook Series 2).
- Videos/Free eGuide 10 Mistakes Made by French Property Buyers & Sellers!
- Test yourself in ICT Fundamentals!
Through the Fair Credit Reporting Act, you are legally allowed to pull your credit report for free once a year from each of the three credit reporting bureaus TransUnion, Equifax, and Experian. To get your free credit report, go to the government sponsored site at annualcreditreport. You can pull all three at the same time, or space them out. If your credit report is your financial report card, your credit score is like your financial grade point average.
Using the data from your credit report, a number is calculated that lenders use as an indicator of risk and to determine your interest rate. Your credit score is based on five major factors: Before you buy, know how much you can afford. All in clear, understandable language.
Mortgages and paperwork go hand-in-hand. Included in the Loan Estimate:.
Downsizing the Family Home: A Workbook—What to Save, What to Let Go
Included in the Closing Disclosure:. Both the Loan Estimate and the Closing Disclosure are standardized forms that every lender must use.
This makes it easier to compare loan offers between lenders. In the next 24 hours, you will receive an email to confirm your subscription to receive emails related to AARP volunteering. Once you confirm that subscription, you will regularly receive communications related to AARP volunteering.
First-Time Homebuyer
In the meantime, please feel free to search for ways to make a difference in your community at www. Javascript is not enabled. Nationally syndicated columnist Marni Jameson covers these topics, and more: Learn to let go of the guilt and sadness that downsizing awakens as you sort through the feelings along with the stuff. Discover why you cling to possessions, and find the freedom to move on to the next chapter in your life.
Roll up your sleeves and dive in!