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…
Read More
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…
The FTHBI is a shared-equity mortgage program, meaning the government shares in the gains and losses of your home’s value as it fluctuates over time. Through the incentive, Canada Mortgage…
A competitive rate is most important however the terms of the mortgage should also influence the suitability of a mortgage for you. The terms of your mortgage should offer the…
Your Mortgage Renewal will NOT be subject to the new Stress Test rules if you had your mortgage PRIOR to the new rules being implemented in October/November 2016. Despite what…