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…
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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…
Beacon Scores are a single number that summarize your credit situation and show a lenders what kind of risk you’re likely to be as a borrower. Below is a…
Buying a home? Refinancing? Whether you are purchasing a home, or refinancing your mortgage, it will likely be one of the biggest financial investments you will make and securing financing…
Bridge loans are short-term loans that bridge the gap between two different closing dates. They are most commonly used when you sell your home and buy another home with a…
As the Coronavirus (COVID-19) continues to evolve and we all adjust to the new realities of life see information below with regards to your mortgage. The majority of lenders are…
Mortgage Stress Test Changes are now on hold. Effective April 6, 2020 the federal government is amending the figure used to stress test high ratio mortgages (borrowers with less…