Category Archives for "Mortgage"

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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What is Bridge Financing?

Let’s say you have a home that you’ve outgrown, it’s time to make a move to something more suited for your family. You have no desire to keep two houses, so you decide that selling your existing home, and moving into something new is the best idea. Ideally, when planning out how that looks, most […]

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Using your RRSP for a downpayment through the HBP.

As the March 1st, 2021 RRSP deadline approaches for the 2020 tax season, if you have money saved for a downpayment but you’re not quite ready to buy a home, here’s a little strategy that might interest you. Did you know that you can use the money saved in an RRSP as a downpayment? It’s […]

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