Buying a house is, for most people, the most important financial decision they make in their lives. As a result, it is a very involved process with a lot of moving parts. You have your credit score, your down payment, mortgage approval, closing, and more....
If you have decided to purchase a home or refinance your mortgage, you have a number of options available to you. Shopping around and contacting different lenders is one approach. But unless you have experience in real estate and or are knowledgeable about mortgages, it...
[vc_row][vc_column][vc_column_text]Most Canadians come face to face with their credit profile at some point in their lives. Even if you’re not making a huge purchase, if you’re applying to rent or get a cell phone plan, your credit might be checked. How’s your credit? Have you...
Most great Kelowna mortgage brokers will tell you the hunt for a home shouldn’t begin with contacting a realtor, it should start with a mortgage lender who can help you prequalify for a mortgage. Obtaining a mortgage pre approval means you know exactly what your home...
If you’ve been staying up to date with recent housing news in Canada, you’ve likely heard of the new mortgage stress test. This test is affecting potential home buyers all over Canada. It requires all federally regulated financial institutions to qualify mortgages at a higher...
Buying a home is bound to be one of the biggest purchases and investments that you’ll make in your lifetime. If you’re purchasing your first home, there a few important things to keep in mind and take into consideration before you begin the application process....
Purchasing and investing in rental property has a number of advantages, especially in Kelowna’s growing economic state. However, rental property also requires a good foundation of property knowledge, and responsibility in order to succeed. Speaking with a trusted and recognized mortgage broker will be a huge...
The BC Minister of Finance has announced several changes to the Property Transfer Tax program, which came into effect on February 17th, 2016. The changes affect certain newly-built homes under $750,000, first time home buyers, luxury homes over $2 million, buyer’s country of residence reporting...
Earlier this month the Bank of Canada (BoC) made their regularly scheduled interest rate announcement, and rates appear to be holding steady until the end of 2015. You may have been debating refinancing your mortgage and asking yourself "Is refinancing a smart option?". There are a...