Author Archive for: superadmin
Entries by EstateVue
New Mortgage Broker Rules to Affect Houses in Kelowna.
At the beginning of October, the Mortgage Brokers Act in British Columbia was affected by new laws. If these laws get passed, those purchasing houses in Kelowna and surrounding British Columbia cities will be affected. The presentation of this bill was done on Tuesday, October 4 by Finance Minister Selina Robinson. The purpose of the […]
Accessing Your Home Equity
If you’ve been a homeowner for many years, it is likely your property value has increased significantly. One advantage of homeownership is the opportunity to build equity. Home equity growth, partnered with the security of living in your own home, is why most Canadians believe homeownership is the best choice for them! While home equity […]
Saving Money for a Downpayment
Whether you want to set aside money to buy a car or take a vacation, save up for a down payment on a property, or plan for your retirement, the principles are the same. However, as you’re reading this article on a website dedicated to helping you secure mortgage financing, we’ll assume you want tips […]
The Home Buying Process Explained
If you’re in the early stages of planning to buy either your first home or your next home, you’ve come to the right place! Even if you’ve been through it before, the home buying process can be daunting, but it doesn’t have to be when you have the right people on your side! The purpose […]
What are GDS/TDS Ratios Anyways?
One of the major qualifiers lenders look at when considering your application for mortgage financing is your debt service ratios. Now, before we get started, if you prefer to have someone walk through these calculations with you, assess your financial situation, and let you know exactly where you stand, let’s connect. There is no use […]
Kelowna Properties For Sale Cooling Off?
Home prices in Canada have been a hot topic for a while now. However, compared to the beginning of 2021, prices are finally beginning to fall. Now that prices have dropped, many buyers are asking the question: is now the right time to buy a home? In this article, we will be answering this question […]
New to Mortgage Financing? Get Pre-Approved.
If you’re thinking about buying a property, but you’re not sure where to start, you’ve come to the right place! Let’s discuss how getting pre-approved is one of the first steps in your home-buying journey. Just like you wouldn’t go into a restaurant without knowing if you have enough money to buy your meal, it’s […]
Collections can Prevent Mortgage Financing
A question that comes up from time to time when discussing mortgage financing is, “If I have collections showing on my credit bureau, will that impact my ability to get a mortgage?” The answer might have a broader implication than what you might think; let’s spend a little time discussing it. Collections accounts are reported […]
