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 […]

Read More

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 […]

Read More

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 […]

Read More

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 you make payments to the lender is somewhat up to you! The […]

Read More