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…

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…
Kelowna mortgage tips

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…
Kelowna mortgage tips

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…

What to do Before Listing Your Home

Deciding to list your home for sale is a big decision. And while there are many reasons you might want/need to sell, here are 3 questions you should ask yourself; and have answers to, before taking that step.  What is my plan to get my…
Kelowna mortgage tips

Not All Mortgages are Created Equally

A no-frills service or product is where non-essential features have been removed from the product or service to keep the price as low as possible.  And while keeping costs low at the expense of non-essential features might be okay when…
Kelowna mortgage tips

Understanding Payment Frequency

You’ve most likely heard that there are two certainties in life; death and taxes. Well, as it relates to your mortgage, the single certainty is that you will pay back what you borrow, plus interest. With that said, the frequency of how often…

Mortgage Advice to Help You Through a Separation

With the latest stats claiming that about half of marriages end in divorce and with around three-quarters of Canadians being homeowners, it’s important to know how to handle your mortgage if you decide to separate. Here’s a quick list of…

Climate Change Concerns & How They Affect Properties in Kelowna

Climate change is fast becoming a factor in some people’s decisions to purchase real estate. Some residents of places like Kelowna might see this as good news to keep the population low in our city. However, if you're a seller what should…