Mortgage Matters

Subject free madness

Mar 5, 2016 / 7:00 am

There is no doubt that we are in a sellers market here in the Kelowna area, with limited inventory available at certain price points and multiple offer...

RRSP Home Buyers' Plan

Feb 20, 2016 / 12:00 pm

Are you considering purchasing your first home this year? If you’re thinking about buying this spring, start implementing your strategy before February...

Tax debt: Solutions

Jan 23, 2016 / 9:57 pm

Far-reaching powers The Canada Revenue Agency has far-reaching powers when you owe money to them. If you owe, they will find a way to collect. They charge...

Be the banker

Jan 9, 2016 / 9:51 am

Have you ever wondered what it would be like to earn the kind of profits reported by the major financial institutions? One way of getting a piece of this action...

New downpayment rules

Dec 26, 2015 / 6:00 am

Effective February 15, 2016, the minimum down payment requirements will be increased from 5% to 10% for any portion of the purchase price that is above...

No down payment options

Dec 12, 2015 / 6:00 am

Sometimes it can be a challenge to save enough money for a down payment and closing costs. This alone could be holding you back from purchasing your first home...

The evolution of mortgages

Nov 28, 2015 / 6:00 am

There have been many changes to insured mortgages in the last few years. Some are finding it more challenging to qualify, particularly if they are self-employed...

Why invest in real estate

Nov 14, 2015 / 6:00 am

Purchasing and investing in real estate has always been attractive to those who are looking to generate additional income, and to benefit from the wealth...

Let's talk down payments

Oct 31, 2015 / 6:00 am

When you are getting ready to purchase a home, most likely you will only concern yourself with the knowledge that you have access to sufficient funds to...

The future of retirement

Oct 17, 2015 / 5:00 am

Since 2005, HSBC has conducted a survey about retirement. This report gives us a clearer view of what might lie ahead as you move toward retirement. Both those...

Condo buying 101

Oct 3, 2015 / 5:00 am

Generally more affordable, easier to maintain, amenity-rich, and often located in desirable neighbourhoods, it makes sense that condos are an increasingly...

What is bridge financing?

Sep 19, 2015 / 5:00 am

What do you do if you have to buy your new home before the sale of your current home completes? You are going to need a short term financing solution to cover...

Paying cash for a home

Sep 5, 2015 / 5:00 am

Congratulations! You’ve just sold your home and are ready to purchase a new home. For the first time in your life, you may have enough money to pay CASH...

Stop! Don't sign!

Aug 22, 2015 / 5:00 am

Mortgage renewals are one of the most neglected decisions made during the life of a mortgage. Many homeowners stay with their existing mortgage lender because...

Ask your accountant

Aug 8, 2015 / 5:00 am

Small business is a very important part of our economy here in the Okanagan. The Thompson-Okanagan region recorded the fastest net growth in the number of small...

Truth about rate sites

Jul 25, 2015 / 5:00 am

Over the past few years mortgage rate sites have been making an appearance online and many consumers are now doing their own ‘rate shopping’ before...

Mortgage renewal: Part 2

Jul 11, 2015 / 5:00 am

Click here to view Part 1. Part 2 Here are the final five questions that you should ask your bank when you are shopping for a mortgage or your mortgage is up...

Questions to ask your bank

Jun 27, 2015 / 5:00 am

Part One Shopping for a mortgage or your mortgage is up for renewal? These are 10 important questions to ask your bank or mortgage lender before you end up in...

Mortgages for immigrants

Jun 13, 2015 / 5:00 am

Many new immigrants to Canada share the dream of home ownership and there is a way to own a home even without any established credit in Canada. Qualified...

Financing for foreclosures

May 30, 2015 / 5:00 am

Buying a property in foreclosure is different than buying other property in BC. Recognize that the courts are always going to ensure that the homeowner is...