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Mortgage Rate: Not the only thing to consider

Two examples that show why rate is not the only thing to consider when choosing a mortgage lender
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Royal LePage Kelowna Real Estate Report for April 2019

The newest home decor trends for spring. Freshen your home this Spring season with these trendy new ideas. ...

Rental Suites Increase Qualifying Income

Rental Suites Increase Qualifying Income In today’s market with stricter mortgage rules, a rental suite can make a huge difference when qualifying for a mortgage and knowing which lenders offer the biggest bang for your buck is even more important. Different lenders allow different amounts of the rental income to be added into your qualifying income. Some lenders only allow 50% of the rental income to be used when qualifying for a mortgage, while others allow 80% and even 100%. If a lender allows 50% of the rental income, and the rent is $1200 per month, this will increase the mortgage you qualify for by just over $40,000, at 80% it increases your mortgage qualifying by over $65,000, and at 100% it boosts it a whopping $84,000.  How the different lenders calculate the rental income can make the difference between a yes or a no. Let us help you get your mortgage application in front of the right lender for your situation.  If you want to discuss your personal situation, please let me know, as knowledge is power and having the information will help you make a better decision. Call Daryl French today at 250-470-8843. ...
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Royal LePage Kelowna Real Estate Report for March 2019

Planning for spring planting - it's never too early to start planning your harvest. ...

Markets Are Stabilizing – House Affordability Isn't

A soft landing is in the cards. Not welcome news for potential home buyers, as affordability will only worsen in the year ahead. ...

Royal LePage Canada

A snapshot of the strength of Royal LePage. Helping YOU is what we do.™ ...
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Royal LePage Kelowna Real Estate Report for February 2019

Winter roof and gutter care tips - These simple maintenance tips could save you a bundle. ...

8 Tips the Banks Won't Share with You in 2019

Tips and strategies to get the mortgage you need, tweak the one you have, or plan for renewal ...
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Royal LePage Kelowna Real Estate Report for January 2019

New Year's Resolutions For Your Home ...

Renewing Your Mortgage

Before you sign that mortgage renewal... ...

First Time Buyers

A step-by-step guide for first-time home buyers. ...
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Royal LePage Kelowna Real Estate Report for December 2018

The best way to increase holiday cheer. ...

Andrew Knaack

REALTOR®

Cell: 778-214-1810

maknaack@gmail.com

Royal LePage Kelowna

#1 – 1890 Cooper Road

Kelowna, BC

V1Y 8B7

Office: 250-860-1100

Royal LePage Kelowna

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