What are lenders looking for when it comes to Mortgage Financing When looking to qualify for a mortgage, typically, a lender will want to review four areas of your mortgage application: income, credit, downpayment/equity, and the property itself. Assuming you have a great job, excellent credit, and sufficient money in the bank to qualify for […]
Renew your mortgage in 2022 It’s a commonly held belief that if you’ve made your mortgage payments on time throughout the entirety of your mortgage term, the lender is somehow obligated to renew your mortgage. The truth is, a lender is never under any obligation to renew your mortgage. When you sign a mortgage contract, […]
How to Appeal Your Property Tax Assessment in BC The BC Assessment Authority has released the 2022 property tax assessment numbers for the year. No surprises, but they are all way up! If you are wanting to appeal your assessment then we are providing you with a guide to share and assist in your appeal. […]
2022 has arrived in grand fashion! If you’ve been following any of the real estate news as of late, you’d know that the housing supply in Canada is at an all-time low. Statistics are showing that there is far more demand than the supply of houses in Canada. This is valuable information for anyone looking […]
If you want to buy and renovate at the same time then perhaps you need advice about Mortgages for Purchase Plus Improvements! The best place to start the mortgage process is with a pre-approval. But once you’ve been pre-approved for a mortgage and you’ve been shopping with location in mind, what happens when you can’t […]
If you’re looking to purchase a property, although you might not think it matters too much, the source of your downpayment means a great deal to the lender. Let’s discuss the lender requirements, what your downpayment tells the lender about your financial situation, a how downpayment helps establish the mortgage loan to value. Your Mortgage […]
Getting a mortgage with construction assignments One of the benefits of working with an independent mortgage professional is having lots of great financing options! Rather than dealing with a single lender with one set of products, independent mortgage professionals work with multiple lenders who offer a wide selection of mortgage financing options that provide more […]
Have you heard of a spousal buyout mortgage? Well, if you’re going through or considering a divorce or separation you should keep reading. You might not be aware that there are mortgage products designed to allow you to refinance your property and buy out your ex-spouse. Like most people, your property is likely your most […]
To cap off another amazing year in Kelowna real estate, the team at Hilbert&Crick have compiled a year-end recap of our blog content. In this post, you’ll be able to read a quick summary of every article from 2021. Over the past year, we’ve written a host of helpful real estate articles. All to ensure […]
