We are experts at providing the right mortgage solutions to our potential homebuyers.

British Columbia's best Mortgage Broker Company

Latest Posts

5 tips on choosing the perfect home for your family

Looking for a perfect house for your family can be challenging. You need to consider several factors when choosing a home. Here are some tips that can help you with your house hunt.

Affordability

tgedtgw45

You can usually borrow up to three times your annual income as mortgage. But you must be careful that your repayments are not more than 35-40% of your monthly income. Otherwise, you might struggle financially every month.

Suitability

Suppose, you find a house that you like and it is within your affordability range. You still need to weigh up several factors before making your final decision. Factors like distance from work, quality of neighborhood, nearby amenities, recreational facilities, etc. has a major impact on your decision.

Location

Not all places are suitable for a family to live. You should consider living in a safe neighborhood where the crime rate is low. You should consider whether there are good transport links, new developments, etc.

Type of property

hgjkgh64567

You should move to a location where the type of property you want is available. You may have specific likes and dislikes regarding various aspects of the home. You have to compromise on certain things. It is a smart idea to get in touch with a local agent for searching the right home for your family.

Value

Consider whether the house you are buying is giving you good value for money compared to other similar houses. You should consider the trend of home price in the neighborhood before deciding whether to buy home in that particular area or not. Buy a house in an area where you will get a good value for your money in case you need to sell the house in future.

You should find a home that is suitable for all the members of your family. You should consider these factors in choosing the right house for your family.

Why should you move to beautiful Okanagan, British Columbia?

British Columbia has been ranked as one of the best cities to live in the world. The Okanagan region in British Columbia is now attracting many people from around Canada and the rest of the world. If you are thinking of moving, then you should move to Okanagan for the following reasons.

ghjkgj455

Location

You can get quick access to the major cities of Canada from here. There are local airports and main highways to go from one city to another easily. Thus, you can work in a nearby city and still live comfortably in Okanagan.

Weather and culture

This place has lovely weather throughout the year. You will enjoy the beautiful sunrise and sunsets in between mountains. Many festivals occur throughout the year, so people have a nice time together.

Recreation

Okanagan has a beautiful landscape. There are mountains, beaches, and springs. You will find lots of lovely vineyards here. Tasting wines is a major activity tourist do when they visit Okanagan. It is one of the best destinations for skiing. There are some lovely curves where you can have great challenges. The place is famous for other activities like hiking, birdwatching, and biking.

Amenities

You will find all the amenities a city can offer in Okanagan. There is a full-service hospital, good schools, markets, restaurants, and shopping centers. The road system is very good, so it’s easy to move around.

If you like a small town life, then Okanagan is the best place to be. You will love the natural beauty and the lifestyle in this beautiful place. It’s also a great place to be with family.

4 reasons why it’s better to buy a home with a mortgage

It is a good investment to buy a home. You can expect a good return in the long run. Sometimes, the price of the home is not within reach for many people. Mortgage provides an opportunity for these people to buy a home. Here are the main reasons to buy home with a mortgage.

It makes buying home affordable

hjkhgi6

Buying home is one of the major purchases you will make in your life. If you take a mortgage, you won’t need to pay the whole amount upfront. You can spread the amount over a long period. This will decrease your financial burden. Usually, you have to pay off the money between 25 to 30 years. This makes buying home much affordable.

It is a cost-effective method of borrowing money

The interest rates on mortgages are lower than other types of loans. So, a mortgage is a better option. By getting a mortgage, the bank has the security that if in case, you cannot pay off the mortgage, the bank will be able to sell the house to get back the money.

Tax implications

jghgh6

If you purchase a property with cash, you have to pay tax. But in the case of a mortgage, the interest payments are tax deductible. So, the obligation to pay tax is less when you buy home with a mortgage.

Homestead exemption

If you don’t have a mortgage, you may not be eligible for a homestead exemption in case you fall into serious debt in future. In most states, people get protection from creditors in case of their house.

Considering all these factors, it’s obvious that buying a house with a mortgage is better than buying it with cash. So, instead of spending your cash on buying a house, you can make some other investments.