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Mortgage for Business Owners

Mortgage for Business Owners

Penticton is the focal point of British Columbia’s South Okanagan-Similkameen, with more than 3,000 local business owners and counting. That number grows exponentially when you factor in surrounding townships and cities. This is indeed an ideal place to set up shop, be it brick and mortar, digital, or some hybrid of the two. But is it also a match for your home ownership prospects? With the right mortgage (and broker) it can be. Before you begin your search, here’s what you need to know.

3 Things to Consider as a Business Owner Seeking a Home Loan in the BC Southern Interior

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Can a Business Buy a House in BC?

Can a Business Buy a House in BC

Can You Buy a Home as a Business? Call 250.493.9111 to Find Out!

The Penticton Western News published an interesting public interest story this week. It was about an Okanagan business that purchased a home to help with employee recruitment. The logic was simple. They would be able to attract and sustain staff by being able to offer them affordable housing, when the current rental market does not. We suppose this news already answers your question – can a business buy a house in BC? Indeed they can. But as a business owner, you want to know a bit more than that, so let’s dive a little deeper.

What Business Owners Need to Know About Getting a Mortgage for Corporate-Owned Real Estate in BC

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Bank of Canada Announcement (July 2022)

Penticton Mortgage Rates Update – July 2022

Penticton Mortgage Rates Update - April 2022

In our early July Penticton real estate news update we let readers know that the Bank of Canada would make their latest announcement regarding the benchmark interest rate this week. They did so yesterday (July 13) and it was a relatively big one. But as usual, we’re here to filter mainstream media’s take on the matter so that prospective home buyers understand how the announcement may (or may not) impact their decision to get a mortgage this season. Let’s review.

What Buyers Really Need to Know About the July 2022 Bank of Canada Policy Rate Hike

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Penticton Real Estate News | July 2022

Penticton Real Estate News | July 2022

Penticton Real Estate News

For the first time in 3 years, summer (as we have always known it) is in full swing in Penticton BC. The Peach City Cruise once again rolled into town, and Elvis has been spotted everywhere. The 14-day weather forecast is all bikinis and board shorts.

Collectively, the season thus far is the reminder you needed that this is the best place in the province to get a mortgage. On that note, you’re in the market for a new home, which is why you’re online and searching for Penticton real estate news. You’ve come to the right place. Below is a quick and easy breakdown of everything you need to know as we dive into the month of July.

Real Estate Updates for Penticton and the Surrounding Area that New Buyers Want to Know About

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Mortgage for Million Dollar Home

Getting a Mortgage for Million Dollar Home in the Okanagan

Mortgage for Million Dollar Home Penticton Okanagan Valley

Remember when a million dollars in the bank meant you could retire at an early age and live off of the interest? Us neither. Ask your parents. What was once touted as a lottery windfall has now been tempered by inflation. But in theoretical way that’s good news, seeing as you want to get a mortgage for a million dollar home. When you look at it that way, it’s far more attainable than it ever was. At press, the average price of a single family home in the Okanagan is now around $1,000,000 anyways. Still, you want to know what this all means as a new buyer who wants to buy a house in that price range. Let’s review.

What New Buyers Need to Know About Buying an Okanagan Home in the $1,000,000 Price Range

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How Old is Too Old to Buy a House

How Old is Too Old to Buy a House?

How Old is Too Old to Buy a House Penticton Kelowna BC

Were you not able to afford a home in your 20s, 30s, 40s, even 50s? Or did homeownership simply not suit your carefree lifestyle? Or did your profession have you bouncing around the country, continent, or world without a place to lay your proverbial hat? Whatever the case may be, you now find yourself ready to invest. But there’s a nagging question hanging overhead. How old is too old to buy a house? There’s no such thing. Although, that probably doesn’t adequately answer your query. Below is everything you need to know about entering the Okanagan area real estate in your “advanced” years.

6 Things You Need to Know When Interested in Buying a Home Later in Life

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How Young is too Young to Buy a House?

How Young is too Young to Buy a House?

How Young is too Young to Buy a House

The world is a lot different than it was in your parents’ time. Young adults are more empowered than ever before, leading the charge in a number of industries (media and tech, etc.) and starting new businesses at a rapid rate. While you may be doing groundbreaking things in your professional life, you’re a little uneasy about what to do with the wealth and equity you’ve accumulated thus far. One takeaway from the generations’ past – is that there is nary a better investment than real estate. And the sooner you get into the market, the better. But alas you’re nagged by one question – how young is too young to buy a house? Here’s everything you need to know about breaking the age barrier in Okanagan area real estate.

4 Things You Need to Know When Interested in Buying a Home Very Early in Life

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Buying a Home in the Summer

Buying a Home this Summer?

Buying a Home in the Summer

Summer is coming. While most people have visions of overdue vacations dancing in their heads, you’ve got something even bigger in mind – your very first mortgage. However, given the significance of such a major life decision, you’re wondering if you should take the leap at this time of the year. After all. the season is supposed to be filled with whimsical pleasure, not negotiations with lenders, sellers, and agents. Well, if you find this article at the midpoint of 2022 and you’re shopping for a home in the BC Southern Interior, buying a home in the summer is exactly what you should do. Here’s why.

4 Reasons Why New Buyers Should Get a Mortgage this Summer Season of 2022

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Penticton Real Estate News | May 2022

Penticton Real Estate News | May 2022

There’s just one month left in the spring season. Given that buyers prefer to move into their new home in the summer, now is the perfect time to get a mortgage. If you’re among this lot, you’re invested in the process and researching everything you need to know before contacting a mortgage broker. We’ve got you covered. Below is a breakdown of recent real estate news that current and prospective buyers in Penticton BC will be excited to learn.

Real Estate Updates for Penticton and the Surrounding Area that New Buyers Want to Know About

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Mortgage for Pilots

Mortgage for Pilots and Airline Staff

Mortgage for Pilots Airline Staff Penticton Kelowna BC

The Penticton Airport is home to two flight training schools that offer programs for both fixed wing and helicopter students. Kelowna boasts the Southern Interior Flight Centre’s Pilot License and Rating Programs, while in the same area is the Okanagan College Commercial Aviation program. Meanwhile, between Penticton Airport (YYF) and Kelowna International Airport (YLW) there are approximately 65 daily non-stop commercial flights with seven airlines.

The point here, is that a disproportionately large number of pilots are trained in the Okanagan Valley, and return often as established aviators. In having vast experience with the BC Southern Interior (the best place to get a mortgage in BC) pilots are looking to invest in a home in the area. Even if not one’s primary residence it makes sense to have it for those extended layovers in this neck of the province, and then leverage it on the short term rental (STR) market for when not occupied. It will also provide the ultimate retirement property for them the time comes to hang up those wings. In fact, the same is also true for airline staff who have fallen in love with the Okanagan.

Logically, the next step is to connect to a mortgage broker. You’ve landed in the right place. Let’s review.

Why Pilots and Airline Staff Choose Carloni Mortgage Brokers When Buying a Home in the BC Southern Interior

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