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Getting a Family Mortgage?

Getting a Family Mortgage?

Family Mortgage Broker Penticton BC

Family Day 2022 is upon us in BC (February 21) which marks the perfect time to address a home buying opportunity that households throughout the BC Southern Interior have been thinking about – a family mortgage. As it sounds, a family mortgage represents the pooling of tangible and intangible resources (funds, equity, credit, etc.) amongst one’s family in order to buy a home and get more favorable terms on a mortgage. It can be a great way to enter and/or invest in the Okanagan’s hot market. As Penticton’s best known family mortgage broker we can say that this has worked out tremendously for kinsfolk throughout the community. That said, the are some key things to consider. Let’s review.

5 Things to Consider Before Getting a Mortgage With Family in the BC Southern Interior

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Penticton Real Estate News | January 2022

Penticton Real Estate News | Jan 2022

We’re three weeks into the new year. Now that you’ve shaken off the cobwebs from the Holiday season you’re ready to move forward with your plans to make your dream come true – home ownership. There’s nary a better place to make that happen than right here in the BC Southern Interior. But before you take steps on your own to get pre-approved on a mortgage, have a look at what’s new in the Penticton area real estate market.

Recent Real Estate Updates Regarding Penticton and the Surrounding Area that New Buyers Need to Know About

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Mortgage for First Responders

Mortgage for First Responders

Mortgage for First Responders Penticton BC

“First responder” is a professional designation that has been thrust to the forefront over the last couple of years. Although, admiration for those who have chosen this career path has been deserved since the beginning of time. That said, the financial reward has not always been there, especially for those with limited seniority. If you’re among this lot and are considering your very first mortgage you may feel trepidation about approaching lenders, or even getting pre-approved. Allow us to alleviate your uncertainty. Below is a breakdown of why securing a loan for your first home can be much easier than you think.

3 Things First Responders Want to Know About Getting a Mortgage in the BC Southern Interior

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How a Mortgage Broker Can Help You Keep Your NY Goals

The new year is here. Like with most households, you and yours have set resolutions for the annum ahead. If you also happen to be in the market for a home, you’re in luck. Why? Because the right mortgage broker can assist not just with a home purchase, but can help you keep two common (and worthy) new year goals. Here’s how.

2 Big Ways a Mortgage Broker Can Help You Buy a Home AND Reach Your New Year Resolutions for 2022

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Why a Mortgage Broker is Like Santa Claus

Why a Mortgage Broker is Like Santa Claus

Whether your household calls him Santa Claus, Father Christmas, Père Noël, Babbo Natale, Saint Nicholas, or Kris Kringle, there’s another name you may not have considered – your friendly local mortgage broker.

Oh boy, have we crossed the line with this comparison? While we may be taking some dramatic license and adding a little levity, the resemblance isn’t as far fetched as you think, at least not when you’re on the market for your very first home. Let’s unwrap it and see.

3 Reasons Why a Mortgage Broker is a Lot Like Santa Claus for First-Time Home Buyers

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Getting a Mortgage With Your Kids

Getting a Mortgage With Your Kids

Getting a Mortgage With Your Child

We’re following up our recent article, which went out to young singles and couples who wonder if getting a mortgage with their parents is a good idea. If you’ve been approached about a real estate investment by your adult child recently, that’s on us. On the surface it may seem as if the scenario is about them simply asking for help, which you may be happy to offer. However, we encourage you to look at the prospect as an opportunity that is ripe with benefits that you may not have considered. Have a look at these advantages which we have listed below.

3 Reasons Why Getting a New Mortgage With Your Adult Children May be a Wise Investment in Your Future

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Buying a Home During the Holidays

Buying a Home During the Holidays

Starbucks red cups are in the mittens of nearly everyone on the street and the Hallmark Channel has launched its onslaught of Holiday winter romance. It must be Christmas. And here you are, amidst all of the festive hustle and bustle, preparing to buy a home. With all that is going on at this time of the year, does it make sense? Should you wait until the New Year has sprung? Not necessarily, especially in the dog days of 2021. Here’s why.

3 Reasons Why It’s a Good Idea to Move Forward With Buying a Home During the Holiday Season

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Getting a Mortgage With Your Parents

Getting a Mortgage With Your Parents

Getting a Mortgage With Your Parents Penticton BC

It’s entirely possible to get a mortgage in the current Okanagan real estate market as a young single person. The availability of first time buyer incentive programs along with favorable mortgage rates make entry viable for someone who wants to start building their equity. That said, you’re interested in tapping into another valuable resource – your folks. While there are a number of benefits to getting a mortgage with your parents, you’re on the fence about whether or not you should partner with them to invest in a home. Below is a breakdown of why it may be a wise decision that supports your goals for today, and tomorrow.

5 Reasons Why Getting a Mortgage With Your Parents May Be a Very Wise Decision

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Bank of Canada Announcement (November 2021)

Penticton Mortgage Rates Update – November 2021

Prior to Halloween, the Bank of Canada concluded October with an announcement regarding the prime interest rate. If you’ve been following along on our Penticton mortgage news blog, then you know that the announcements have had little impact on mortgage rates and the real estate market over the last year. But things are a little different now. Economic growth is occurring, and while some uncertainty remains, it’s clear that far brighter days are ahead for 2022. So what’s new from the Bank of Canada that may (or may not) impact your decision to buy a home before the ball drops on 2021? Let’s find out.

What BC Southern Interior Buyers Need to Know About the November 2021 Bank of Canada Announcement Regarding Borrowing Rates

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Do You Need a Mortgage Broker?

Do You Need a Mortgage Broker? What Can Happen Without One (Halloween Edition!)

I heard this house has good bones…

All Hallows’ Eve is upon us, and as such we want to take a look at one of the most frightening concepts at this time of the year – buying a home, without a mortgage broker. Existing homeowners shudder at the thought, knowing what can happen to those who don’t partner with a broker when buying their very first property. If you’re currently on the market, please heed the following hair-raising tales of what can befall those who don’t take a moment to call a professional.

Disclaimer: Those with weak hearts and/or scare easily should only read ahead with a approval from their physician.

3 Frightening Events That May Occur if You Don’t Partner with a Mortgage Broker When Buying Your Very First Home

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