The Canadian government has announced a series of new mortgage rule changes that will take effect on December 15, 2024 All FIRST-TIME HOMEBUYERS and NEW BUILD BUYERS are now…
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Where should you begin? First off know your mortgage Renewal Date and start the process 6 months out. Be proactive and don’t accept what your current lender offers you just…
A reverse mortgage is a financial product available to homeowners aged 55 or older that allows them to access a portion of their home’s equity without having to sell or…
MORTGAGES FOR NEWCOMERS TO CANADA Newcomers to Canada have the opportunity to purchase a home with as little as 5% down. Mortgages for people who are New to Canada…
Surprisingly when it comes to your mortgage rate a lot has to do with the purpose of your transaction. Are you purchasing, refinancing or simply transferring your mortgage to another…
MORTGAGE RENEWAL Renewal time is your opportunity to make changes with your mortgage and not incur a penalty for doing so. Each mortgage has a specific term meaning you were…
What is Title Insurance? When you purchase a home you are in effect buying the title to the property. Title refers to the ownership of your property and this title…
Effective June 1 all borrowers will have to qualify for their mortgages based on a rate of 5.25% which is up from the current qualifying rate of 4.79%. This change…
The price of a single detached home in the Okanagan increased significantly over the past year which may have left many first time home buyers feeling that their goal of…
The first thing to do is find a lot that suits your home needs. You can either purchase the lot outright or put a specified amount down, determined by the…