What Is a Reverse Mortgage & Is It the Right Fit for You?

A reverse mortgage is a financial option specifically designed for homeowners aged 55 and over. Under a reverse mortgage, you can get a loan secured against your Kelowna home’s value. This type of mortgage will enable you to convert into cash up to 55 percent of the value of your home. You will maintain ownership […]

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Downpayment Options

Your downpayment refers to the initial payment you make when buying a property through mortgage financing. A downpayment is always required when purchasing, because in Canada, lenders are only allowed to lend up to 95% of the property value, leaving you with the need to come up with at least 5% for a downpayment. In […]

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  • September 29, 2021
  • Blog

Pay Down Your Mortgage Faster

Being a home owner is excellent, having a huge mortgage isn’t. So, if you have a mortgage that you’re looking to get rid of as quickly as possible, here are four things you should consider doing. Accelerate your payments Making the change from monthly payments to accelerated bi-weekly payments is one of the easiest ways […]

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  • September 22, 2021
  • Blog

Lowering Your Overall Cost of Borrowing

If you’re like most Canadians, chances are you don’t have enough money in the bank to buy a property outright. So, you need a mortgage. When you’re ready, it would be a pleasure to help you assess and secure the best mortgage available. But until then, here’s some information on what to consider when selecting […]

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  • September 15, 2021
  • Blog

Before You Co-Sign a Mortgage

So you’re thinking about co-signing on a mortgage? Great, let’s talk about what that looks like. Although it’s nice to be in a position to help someone qualify for a mortgage, it’s not a decision that you should make lightly. Co-signing a mortgage could have a significant impact on your financial future. Here are some […]

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  • September 1, 2021
  • Blog

Protect Yourself with a Pre-Approval

There is no doubt about it, buying a home can be an emotional experience. Especially in a competitive housing market where you feel compelled to bid over the asking price to have a shot at getting into the market. Buying a home is a game of balancing needs and wants while being honest with yourself […]

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  • August 25, 2021
  • Blog

Costs Associated With Buying Property

When calculating if you can afford to purchase a property, don’t just figure out a rough downpayment and quickly move on from there. Several other costs need to be considered when buying a property; these are called your closing costs. Closing costs refer to the things you’ll have to pay for out of your pocket […]

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  • August 18, 2021
  • Blog

Alternative Lending Provides You With Options

Alternative lending refers to any lending practices that fall outside the normal banking channels. Alternative lenders think outside the box and offer solutions to Canadians who wouldn’t otherwise qualify for traditional mortgage financing. In an ideal world, we’d all qualify for the best mortgage terms available. However, this isn’t the case. Securing the most favourable […]

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  • August 11, 2021
  • Blog

Benefits of Working with an Independent Mortgage Professional

If you need a mortgage, working with an independent mortgage professional will save you money and provide you with better options than dealing with a single financial institution. And if that is the only sentence you read in this entire article, you already know all you need to know. However, if you’d like to dig […]

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  • August 4, 2021
  • Blog