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…
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…
Kelowna mortgage tips

Getting a Mortgage While on Parental Leave

Will taking parental leave impact your ability to get a mortgage? Chances are if the title of this article piqued your interest enough to get you here, your family is probably growing. Congratulations! If you’ve thought now is the time to…
Kelowna mortgage tips

The Property Matters in Mortgage Financing

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.…
Kelowna mortgage tips

Protect Yourself at Renewal

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…

Mortgages for Purchase Plus Improvements

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…
Kelowna mortgage tips

Why Your Mortgage Downpayment Source Matters

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…
Kelowna mortgage tips

Construction Assignments

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…