Page 15 - June 24, 2019
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he Weekly ANCHOR
REAL ESTATE WEEKLY
he Weekly ANCHOR
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THE WEEKLY ANCHOR REAL ESTATE WEEKLY MONDAY JUNE 24, 2019 PAGE 15

T he Weekly ANCHOR REAL ESTATE WEEKLY




Remember to Are rent-to-own plans right for you?
drop off your

donations for the The warmer weather is here, which might What is a rent-to-own plan? So, before you head out to do some shopping,
One route some consumers look at is rent-to-
EDSON FOOD BANK mean it’s time to refresh your home with a new own. These options are also known as lease-to- take some time to decide if rent-to-own makes
sense for you. At the Financial Consumer
outdoor sofa or an air conditioner. Or it might
at Independent Grocer, Sobeys mean shopping for a new car. You may be own, rent-to-buy or consumer leases. Agency of Canada, you can get unbiased
information and tools to help you manage your
They’re offered by companies that specialize
or the Edson Food Bank considering different payment plans, one of in renting or leasing electronics, furniture or money. Learn more at canada.ca/money.
which is rent-to-own.
appliances, known as rent-to-own or lease www.newscanada.com
The Food Bank will be open 2 providers. Car rental companies and dealerships
Thursday evenings, also offer rent-to-own plans.
the second and last Thursday of the Month These plans let you spread out payments over
6:45-8:00 pm. a period of time. That might be appealing if MLS 48896 $289,900 MLS 49398 $364,900
paying the full amount at once isn’t in your
Open regular hours every Tuesday from budget.
9-11 am. You might be approved without a credit score REDUCED
® ®
® ®
MLS 49889 $38,500
MLS 49864 $44,900
MLS 49889 $38,500 MLS 49864 $44,900 or a low credit score. And the company may
780-723-1350 offer free repairs or replacements. However,
Building & Business
Hours: Tues 9 a.m. to 11 a.m. Building & Business there are downsides to consider.
Last Thursday of the month 6:45 p.m. to 8 p.m. Higher costs and extra fees 5 3 0 4 3 1
Food Bank located at 4511 5th Ave., Edson Rent-to-own suppliers tend to charge higher MLS 49409 $429,900 MLS 49643 $454,900
Sponsored by The Weekly Anchor prices. You can expect to pay anywhere from
two to five times more than what you would for REDUCED MOTIVATED REDUCED
the same product in a regular retail store. For
® ®
® ®
MLS 48380 $259,900
MLS 49676 $144,900
MLS 49676 $144,900 MLS 48380 $259,900 example, a sofa that retails for $800 could end
up costing you more than $2,200 with mark-ups
and fees. 5 3 2 5 3 2
You may be charged an extra fee when you
buy out the product, if you can’t continue MLS 47528 $519,000 MLS 48230 $649,900
payments and have to ship it back, or if you miss REDUCED
a payment and break your agreement.
With costs adding up, you may take on debt
you cannot afford.
® ®
® ®
MLS 49665 $389,500 49665 $389,500 MLS 46332 $394,900 Look at other options
MLS
MLS 46332 $394,900
There may be cheaper ways to pay for things 4 3 2 4 3 6
you need or want, such as waiting until you can
BOXSHAW FOUR REALTY afford to buy the product outright, using a credit 5202 2nd Ave.
780-723-7818 Maureen Kroll
www.remaxedson.com card, or putting it on a line of credit. 780.723-5550
Realtor®
507 - 50th Street 780-712-0800 And consider alternative financing options
Edson, AB T7E 1V5 nick@alpinerealty3percent.ca for all your real estate needs
offered at conventional retailers, such as “buy
now, pay later” plans that may be less expensive. 100% Full Service 100% Locally Owned
Remember to drop off your donations for the Dominion Lending Centres
EDSON FOOD BANK
at Independent Grocer, Sobeys or the Edson Food Bank Foothills Region
The Food Bank will be open 2 Thursday evenings,
the second and last Thursday of the Month 6:45-8:00 pm. Independently Owned and Operated
Open regular hours every Tuesday from 9-11 am.
780-723-1350
Hours: Tues 9 a.m. to 11 a.m.
Residential Mortgage
Last Thursday of the month 6:45 p.m. to 8 p.m. I Did you
Food Bank located at 4511 5th Ave., Edson

Line of Credit
Sponsored by The Weekly Anchor I know some
Land Loans

I lenders will

Construction Loan
I

Bridge Financing
I accept the

Debt Consolidation
I child tax
Commercial Mortgages

I credit as
Private Lending

I income?



Colleen Miller Address: 507-50th Street


Mortgage Broker Box 7283 Edson Alberta
T7E 1V5
colleen.miller@dominionlending.ca Website: http://dlcfoothills.ca/

780-723-2383 Office 780-723-2359 Fax
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