Having been an Authorized DND Relocation Specialist for many years, I am well diversed in the needs of our Military Members. I have assisted hundreds of members with their postings all across Canada. Since I am able to complete a mortgage anywhere in Canada and with all paperwork being able to be done by fax and phone, it takes the anxiety out of this stressful time. I am with you from start to finish.

Call me today to discuss your mortgage options to ensure you are getting the most from your Financial Envelopes. I will also go over the differences of an MIS and an MIB mortgage.

Unlike the big banks, I can meet evenings or weekends and work around your schedule to make sure you get the best deal possible for your new mortgage at a time that’s convenient for you. I will also take the time to properly explain your options regarding such issues as interest rate buy downs (and tax considerations of not buying down the rate), mortgage portability and fixed vs. floating rates.

Military Relocation Packages
Your relocation package will consist of three envelope components Core, Custom and Personalized. The Core component covers items that are considered essential for your move such as cost to sell your existing property or dispose of your rental unit, cost of your House Hunting Trip (HHT) etc. The Custom component covers items that enhance your move such as marketing incentives on your existing property to help sell, bridge financing and costs associated with your extended family. The last component is non essential but attributable to your move such as a Movement Gran, Posting Allowances and Others. Below is a description of the components and examples of what the component covers.

Envelope 1 - The CORE

Core benefits are essential to a move. All core benefits are funded directly by the Department. A member is not required to use these benefits; however any unused benefits cannot be exchanges or assigned any monetary value to pay for any other benefits or expenses. Examples of Items Covered:

• Disposal of your rental unit. Pay for getting out of lease
• Pay for costs to sell your residence, all real estate commissions and legal fees, mortgage breakdown costs
• Costs associated with your house hunting trip such as travel and hotels
• Cost to purchase new house including real estate fees, inspections
• Costs to move such as moving expenses, travel, etc.

Envelope 2 - The CUSTOM

Custom benefits enhance a move. Custom funding is based on the factors of type of accommodation, distance traveled and family size. The custom funding formula is used by the member to pay for these custom benefits only and cannot be used for any other type of benefit. Examples of Items Covered:

• Building Inspection of your existing property
• Marketing Incentives such as decorating allowances, early closing incentives
• Cost to have someone take care of your children on HHT
• Dependant and Extended Family Travel
• Bridge Financing
• Interest on $25,000 Home Relocation Loan
• Miscellaneous Expenses for Extended Family such as transportation, lodging and meals
• Car rental when primary vehicle shipped
• Shipment of – Second Vehicle, Pets, Boats, Antiques, Artwork, RV’s Trailers
• Miscellaneous Shipping Expenses
• Spousal Employment Search expenses

Envelope 3 - The PERSONALIZED

Personalized benefits are non-essential expenses but are attributable to a move. It is within the member’s discretion to use personalized benefits. The personalized funding formula is available for use in three ways:

• It can pay for any personalized benefits;
• It can pay for additional custom benefits beyond what can be covered by the custom-funding formula; and
• Remaining funds can be cashed out and paid directly to the member

Examples of Items Covered:

• Movement Grant: Members receive a non-accountable grant in an amount of $650. This allowance is intended to offset various losses or expenses incurred but not specifically provided for because of the move. Members must sign a statement verifying that these expenses were incurred. Receipts are not required.
• Posting Allowance: Members who elect not to sell their home receive an incentive equal to 80% of the pre-negotiated corporate real estate commission rate based on the appraised value of the home. It shall not exceed $12,000. Members can generate Personalized Funding as a result of savings on HHT.