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
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
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
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