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About the Ottawa, Kanata and Stittsville, Ontario Area Request our Free Ottawa, Kanata and Stittsville Relocation Package. It's packed full of useful and important information about the Ottawa, Kanata and Stittsville, Ontario area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out... |  | | | Beautiful downtown Ottawa as seen from the Museum of Civilization | |
|  | | | Stittsville Public Shool- part of a vibrant, enthusiastic "learning community" focused school district | |
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Financing Your Home >Credit Card Mania
Most people know that a checkered credit history can disqualify you for a home loan, and maxed-out credit cards can do the same thing. But what most people don't know is that merely having a large number of credit cards, even with low balances and a history of timely payments, can disqualify you for a home mortgage loan just as quickly.
According to credit experts, having a number of credit cards can be just as detrimental to the granting of further credit as a history of late payments. Lenders look at it this way: If you have ten credit cards, each with a limit of $5,000, that means you have the potential to run up $50,000 in debt virtually any time you choose. That mere possibility makes you a greater risk, from their point of view.
The moral of the story? If you are planning to apply for a home loan in the future, keep only those credit cards you actually need to use and cancel the others.
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| Q |
What are the financial benefits of having a home near a body of water?
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| A |
The mere presence of water within 300 feet increases a home's value by 22 percent. |
See More Real Estate Trivia > |
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Mike Robinson Sales Representative Royal LePage Team Realty 484 Hazeldean Road Kanata, ON. K2L 1V4 Phone: 613-592-6400 Fax: 613-592-4945 Email: Mike@MikeRobinson.ca
The Mike Robinson Team offers extensive knowledge and experience of the Ottawa real estate market. It is their objective to help clients make decisions that are in their best interest while supporting the clients real estate dreams and goals. This business model has created a “client for life” atmosphere with over 65% of their business coming from repeat clients or referrals from past Buyers and Sellers.
Call on our team today and start packing! 
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