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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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