Monthly Archives August 2018

Credit Score: How does it work?

Credit Score: How does it work?

August 22, 2018 | Comments Off on Credit Score: How does it work?

Your credit score is critical when obtaining credit these days, yet many people are unclear about what makes up their score. Credit scores range from 300 to 900 with most mortgage lenders requiring a minimum of a 680 score. Many factors go into your score but the 2 largest contributors are how you make your payments and how much of your available credit you are using. The first is easy; make your payments on time and your score goes up; have late payments or collections and your score goes down. Any late payments stay on your bureau for years and
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Wildfires: Impact on Buying and Selling Real Estate

Wildfires: Impact on Buying and Selling Real Estate

August 1, 2018 | Comments Off on Wildfires: Impact on Buying and Selling Real Estate

Wildfires: Impact on Buying and Selling Real Estate Once again, Kelowna finds itself in the middle of numerous forest fires. With our dryer climate and higher temperatures, it’s a natural hazard we face each year. Along with the emotional and physical damage that homeowners experience, how do wildfires impact buying and selling real estate? When there is an active fire… When there is an active wildfire in the region, home buyers may not be able to get insurance, which in turn, will prevent them from securing a mortgage. This means that real estate closings will be delayed. As the seller,
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