Mortgages

After talking about the small things that can affect your mortgage approval, one question naturally comes up: “What credit score do I actually need?” This is one of the most common questions I get from buyers here in Kamloops, especially first-time buyers who are worried their credit isn’t quite where it should be. The good […]

The “Small” Things Getting pre-approved is a great first step, but it doesn’t always mean you’re finished. There are several small things that can affect your mortgage approval before your purchase closes. One of the conversations I have quite often is with buyers who are surprised to learn that a few simple financial changes can

What Lenders Look For Once you’ve found a home you love, it’s natural to wonder what happens next. One of the questions I hear most often is, “What do lenders actually look at when they review my application?” The mortgage application review process isn’t about finding one perfect number or checking a single box. I’ve

If you’ve started shopping for a mortgage, you’ve probably noticed one thing—everyone advertises their lowest rate. It’s easy to assume that’s all that matters. This comes up all the time. I’ll have someone ask me, “Can you beat this rate?” My first question is usually, “Let’s look at the mortgage first.” Because the truth is,

5 Common Options Explained Parents helping kids buy a home in Canada is becoming more common than ever. With home prices and mortgage qualification rules where they are today, many first-time buyers in Kamloops and across BC need a little extra help getting into the market. I’ve had quite a few conversations with families recently

Apply Before the July Property Tax Deadline If you own a home in Kamloops or anywhere else in BC, there’s a good chance you qualify for the BC Home Owner Grant. The BC Home Owner Grant helps eligible homeowners reduce their annual property tax bill, but one of the biggest misconceptions is that it automatically

(That First-Time Buyers Often Forget About) One of the biggest surprises for first-time buyers is discovering the hidden costs of buying a home in BC. Most people spend a lot of time saving for their down payment, but they’re often surprised when we start talking about everything else that comes with buying a home. I’ve

How Much Can Rental Income Add to Your Mortgage Approval? Mortgage lenders may allow you to use a portion of future basement suite income when calculating what you qualify for. Buying a home with a suite in Kamloops can sometimes help increase your mortgage approval amount. This comes up a lot with first-time buyers trying