CAN MY MONTHLY PAYMENT EVER CHANGE?

Once you close on your loan, you’ll start making monthly mortgage payments to your mortgage lender. For the most part, your mortgage payment will be the same throughout the life of your loan (assuming you have a fixed rate). However, depending on your loan type and a...

RENEWING YOUR MORTGAGE

Mortgage renewal is your chance to renegotiate and possibly save on your mortgage. As a mortgage professional I can ensure you are getting the best rate and terms for your situation. Contact me to get started, I'm here to help!   

How Do Interest Rates Affect the Stock Market?

What Happens When Interest Rates Fall? When the economy is slowing, the Federal Reserve cuts the federal funds rate to stimulate financial activity. A decrease in interest rates by the Fed has the opposite effect of a rate hike. Investors and economists alike view...

Is a Second Mortgage is right for you?

Is a Second Mortgage is right for you? The thought of taking out a second mortgage might sound daunting, but it doesn’t have to be. You are taking on an extra monthly payment but, under the right conditions, a second mortgage could save you money. Here are some things...

Fixed vs Variable

  Mortgage Basics: Fixed vs Variable The way a mortgage is structured merely relates to how much you have to pay each month and over how many months. There are fixed rate mortgages, which is also referred to as adjustable rate mortgages, and variable rate...

Renting vs Buying a Home

  Renting vs Buying a Home When it comes to choosing whether or not you should buy or rent a home, there are many factors that will appeal to different people. Depending on where you are in life, what the near future holds and, most importantly, your financial...

5 Secret Sources of Down Payment Money

5 Secret Sources of Down Payment Money

5 Secret Sources of Down Payment Money With the rising cost of living and housing at a high, it can be difficult to save up for a substantial amount for a down payment. The sooner you start saving though, the sooner you can stop renting and finally own a home. Many...

Different ways to get a Mortgage Loan

The most substantial financial commitment you will likely make is a real estate loan. You will probably be tied into a contract for a few decades, which is why the option you choose is so important. The type of loan that is best will vary from person to person. Here...

4 Valuable Mortgage Tips for First Time Home Buyers

Buying a home for the first time is a huge financial step forward. It is an investment like none other and one that needs to be taken seriously. Housing markets across Canada are vastly different, and the Okanagan market is no exception. The Okanagan market features...

Documents to get the best mortgage rate

Documents required to get the best mortgage rate Buying a house is both an exciting and stressful process. There are many steps to getting approved for a mortgage and even more paperwork that comes with it. Save yourself from worrying and follow this guideline so that...