Kelowna mortgage tips

Difference Between Deposit and Downpayment

If you’re new to the home buying process, it’s easy to get confused by some of the terms used. The purpose of this article is to clear up any confusion between the deposit and downpayment. What is a deposit? The deposit is the money included…

Affordable Houses in Kelowna Hard to Find.

For those who have been paying close attention to the real estate market across Canada, you would know about the high real estate prices. Many folks living in B.C and Ontario are experiencing an extreme lack of affordability. Most people assumed…
Kelowna mortgage tips

Understanding your Employment Status

Chances are if you’re applying for a mortgage, you feel confident about the state of your current employment or your ability to find a similar position if you need to. However, your actual employment status probably means more to the lender…
Kelowna mortgage tips

Protect Your Credit Through a Divorce

Divorces are challenging as there’s a lot to think about in a short amount of time, usually under pressure. And while handling finances is often at the forefront of the discussions related to the separation of assets, unfortunately, managing…
Kelowna mortgage tips

Can you Trust Online Mortgage Calculators?

You’d think an online calculator is a pretty straightforward device, one that you should be able to place your confidence in, and for the most part, they are. Calculators calculate numbers. The numbers are reliable, but how you interpret those…
Kelowna mortgage tips

Mortgage Options for Older Canadians

Mortgages for Seniors Although it’s ideal to have your mortgage paid off by the time you retire, that isn’t always possible in today’s economy. The cost of living is considerably higher than it has ever been, and as a result, many Canadians…
Kelowna mortgage tips

Getting a Mortgage After Bankruptcy

Sometimes life throws you a financial curveball. Bankruptcy and consumer proposals happen. It doesn’t mean your life is over, and it doesn’t mean you won’t ever qualify for a mortgage again. The key to financial success here is getting…

Vacation Homes in Kelowna

COVID-19 has the housing market in Canada flipped upside down. As a result, we are seeing more and more people who are changing their living habits. This change in behaviour is directly affecting the real estate market both locally and nationally.…
Kelowna mortgage tips

Bridge Financing and Deposit Lending

Let’s say you have a home that you’ve outgrown; it’s time to make a move to something better suited to your needs and lifestyle. You have no desire to keep two properties, so selling your existing home and moving into something new (to…