Mortgage Matters
Buying in today's market
The most recent stats from OMREB (Okanagan Mainline Real Estate Board) confirm that we are still in a buyer’s market in the Central Okanagan. There...
Mortgage rate shopping
The most frequent question that I hear from potential clients is – “What is your best rate?” and why wouldn’t you ask that question? The...
Self-employed and owe tax?
The CRA has extended some of the filing and payment dates due to COVID-19. For people who are self-employed the filing date hasn’t changed and taxes must...
First-time homebuyer tips
If you are a first time home buyer then buying your first home is a very exciting time, but it can also be stressful and you will have lots of questions: What...
Homebuying in a pandemic
You may have been thinking about buying a home but given all the economic uncertainty with the COVID-19 crisis you may now be second guessing yourself and...
Mortgage market update
We are in uncharted territory with the mortgage marketplace continually shifting. Taking care of your financial well-being is at the top of everyone’s...
COVID-19 & your mortgage
I want to share my perspective on the mortgage market and how this virus might affect your mortgage and your ability to pay your mortgage due to layoff or other...
Prime rate drop, now what?
The Bank of Canada made a big announcement this week and dropped the overnight lending rate by 50 basis points to 1.25%. Many banks and other mortgage lenders...
Good debt vs. bad debt
Until recently there was no such thing as ‘good debt’ or ‘bad debt’ as all debt was ‘bad debt.’ Owing money for any reason...
Mortgage check-up time
Hey, I get it. Mortgages are boring! Why would you want to revisit your mortgage every year? Your mortgage is likely the largest investment you will ever make;...
Mortgage pre-approval tips
Is a mortgage pre-approval important? The short answer is ‘yes’! It is definitely important so you have the confidence to move forward with your...
To consolidate, or not?
If you are carrying high-interest credit card debt, car loans or other personal loans you know that it can be challenging to pay off everything that you owe....
Facing foreclosure?
The thought of losing your home can be one of the most stressful situations you can go through. If you find yourself in one of these situations you could be...
Home Buyers' Plan
Are you considering purchasing your first home next year? If so, before March 1 could be the best time to implement this strategy if you are thinking about...
Home equity line of credit
HELOC is a type of home equity loan and is a revolving amount of credit that is secured against your property. You can access up to 65% of your home’s...
Alternative-lender mortgages
Everyone likes to believe that they will qualify for the best rates and terms when they start shopping for a mortgage, but this isn’t always a reality....
Investing in real estate
Purchasing and investing in real estate has always been attractive for those looking to generate additional income and benefit from the wealth created with...
Reverse mortgage pros, cons
There are pros and cons to a reverse mortgage so before you decide to move forward you should ensure that you consider them carefully. Reverse mortgages are...
Credit rating and mortgages
A lack of basic financial knowledge can be the difference between getting a mortgage at a great rate and having one where you have to make a much higher...
Monster in your mortgage
You have found your dream home. Congratulations! Your realtor was a great negotiator and you bought your new home for $475,000. Your mortgage is $350,000 with...