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Bank of Canada Announcement (Early Summer 2021)

Penticton Mortgage Rates Update – June 2021

Penticton Mortgage Rates Update - June 2021

The spring season is winding down. This not only coincides with summer vacation planning, but with the Bank of Canada’s latest announcement on economic affairs and their impact on borrowing rates. This is of significant interest to those who anticipate buying a home in the summer months. Should you move forward with your plans or hold-off in light of recent news? Let’s find out!

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

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Using Airbnb to Pay Your Mortgage

Using Airbnb to Pay Your Mortgage

Using Airbnb to Pay Mortgage

Collectively, the cities and towns of the South Okanagan represent a vacation oasis for people from all over the province, country, continent, and world. As a real estate buyer in/entering the area, you see a major opportunity to pay down your mortgage by putting the prospective home on the short term vacation (STR) market. With online resources such as Airbnb and VRBO, doing so is easier than ever. This is indeed a smart strategy IF executed correctly. As the region’s premier mortgage brokerage we’re here to help you make it happen. Below is a breakdown of everything you need to consider.

5 Things Penticton Area Buyers Need to Consider When Planning to Use Airbnb/VRBO to Pay Down their Mortgage

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Mortgage Broker for Teachers

Mortgage Broker for Teachers

Summer is upon us in the beautiful BC Southern Interior and for most teachers in the area it couldn’t come too soon. Once the final papers have been graded and the doors are closed they are free, not just for some much-earned leisure, but to focus on personal affairs. For some, the summer marks the perfect time to buy their first home. There’s time to visit open-houses, meet with brokers (ahem), agents, and inspectors, and make a decision. There may even be enough time to move-in, unpack, and host a home-warming party before the September long weekend comes to a close. But as alluded to above, connecting with a mortgage broker is how to get the ball rolling. Here’s why.

Why Teachers in Penticton and the BC Southern Interior Should Consult with a Mortgage Broker When Buying a Home

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Single Person Mortgage

Single Person Mortgage

Single Person Mortgage Penticton

We’ve covered getting a mortgage as a young couple, as a senior household, and as a single parent, but many Penticton area residents are flying solo. In fact, as a single person household you make up over 17 percent of the city’s population, next only to two-person homes.

Being independent may have its perks (no arguments over what to watch on Netflix, etc.) but can it be a problem when it comes to buying a home? Not at all. That said, there are a few key things to consider. Let’s review.

5 Considerations for Single Person Households Who Want to Get Their First Mortgage (and how we can help)

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Mortgage Broker for Seniors

Mortgage Broker for Seniors

Mortgage Broker for Seniors, Pensioners, Retirees Penticton BC

We may be BC Southern Interior’s go-to brokerage for young couples and young parents, but we’d be remiss to not mention another valued segment in the Okanagan Valley. In fact, the senior/pensioner demographic makes up 29% of our population. You are the pillars that hold up the Pentiction area community, and even though you’re retired from the rat race you’ve still got a lot of ambition. If buying a new home is one of them, then you’ve come to the right place. Keep reading.

Why Seniors, Retirees, and Pensioners in Penticton Should Consult With Carloni Mortgage Brokers Before Buying a Home

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Bank of Canada Announcement Spring 2021

Penticton Mortgage Rates Update Spring 2021

How does the Bank of Canada announcement impact your ability to buy a home?

The Bank of Canada provided an update regarding the overnight rate and bond yields last week. As you may or may not know, their announcements on such matters are often reflected in variable and fixed mortgage rates, respectively. As a new buyer in Penticton, how will this impact your decision to get a mortgage? Let’s find out.

What Penticton Home Buyers Need to Know About the Spring 2021 Bank of Canada Announcement Regarding Borrowing Rates

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How to Get a Mortgage as a Single Parent

How to Get a Mortgage as a Single Parent

Single parent homes make up nearly 21% of the total number of census families in Penticton BC. But while you share that distinction with almost 2000 other households in the city you certainly feel alone from time to time. You have a world of responsibilities on your shoulders, juggling financial concerns the size of bowling balls. That said, you won’t let anything get in the way of providing for your kids, including home ownership. With mortgage rates at all-time lows and the buyers market heating up like a hot August afternoon you want to capitalize on an unmatched opportunity. However, you’re wondering if lenders will look at you differently than dual-parent households that are also entering the market. Don’t worry, because homeownership is much closer than you think. Below is what you need to know.

Four Tips to Getting a Mortgage as a Single Parent Doing it All On Your Own

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Young Couple Mortgage Advice

Young Couple Mortgage Advice

Young Couple Mortgage Advice Penticton

Penticton may be best known as a vibrant retirement resort community but it’s also a big draw for young couples with career, business, and familial aspirations on the mind (not necessarily in that order). In fact, recent data shows that the male-female age group between 20-39 makes up nearly 20% of Peach City’s population. That number is expected to grow significantly in the immediate future as over the last year Penticton (in addition to Summerland, Peachland, etc.) has seen a rental boom from younger people migrating from the B.C. Lower Mainland. This rental boom is paving the way for an equal or greater rise in first home purchases, as young couples look to capitalize on dramatically lower home values when compared to major urban centers in the province. But of course, the prospect of a large investment for young couples can feel fairly daunting. Fret not, because with some proper guidance you could be making the smartest decision of your lives. Let’s review.

4 Helpful Tips for Young Couples Considering a First Time Mortgage in the BC Southern Interior

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