Understanding Loan-To-Value Ratios for Mortgages and Its Impact on Your Mortgage
As your local Kamloops mortgage broker, it can be challenging for buyers to understand how the size of their down payment impacts their mortgage rate. When diving into the world of homeownership, one of the terms you’ll frequently come across is the Loan-to-Value (LTV) ratio. Lenders consider this a crucial factor and can significantly affect […]
What Affects Mortgage Rates?
Mortgage rates play a pivotal role in the housing market, influencing home affordability and the decision-making processes of countless homebuyers. But what determines the ebbs and flows of these rates? Let’s delve into the key factors that influence mortgage rates. 1. Central Bank Policies Central banks, like the Bank of Canada., wield significant power over […]
The Mortgage Broker Advantage
As your local mortgage broker in Kamloops, I feel that there is an increase in home buyers turning to mortgage brokers for their first and next mortgage, taking advantage of the value and convenience of our services.
Getting a Mortgage After a Separation or Divorce
If you have a final separation agreement, it can be beneficial to talk to your local mortgage broker in Kamloops about how the value of your home.
The Lowdown on the Mortgage Approval Process
As a mortgage broker in Kamloops, I feel it is essential for mortgage holders to understand the approval process. Whether purchasing, refinancing, or moving your mortgage to a new lender, clearly understanding the approval process is necessary. It’s a big financial commitment, so you’ll want to be sure you’re moving through the process confidently. Here […]
