If you香蕉视频直播檝e been watching the Okanagan Valley香蕉视频直播檚 housing market for a while, you know the past few years haven香蕉视频直播檛 been easy for buyers. First, it was skyrocketing prices, and now higher interest rates mean that people are qualifying for smaller mortgages than they could even six months ago.
It香蕉视频直播檚 caused many people to pause their plans, whether they香蕉视频直播檙e looking to upgrade to a bigger place, buy their first condo or refinance. But Senior Financial Advisor Tia Carlesimo says it may not make sense to wait.
香蕉视频直播淵ou香蕉视频直播檒l never find the perfect time to buy a home. We香蕉视频直播檝e come off an extraordinarily low-rate period, but in the grand scheme of interest rates, they香蕉视频直播檙e quite similar to rates we saw a decade ago.香蕉视频直播�
The home you want doesn香蕉视频直播檛 have to wait
The decision to buy a home involves more than just math. If your family is growing or you need a home office for your new flexible job, it may not make sense to wait for rates to fall. And even if the numbers on your mortgage application look tough, the right lender will understand that you香蕉视频直播檙e more than just your salary.
香蕉视频直播淚f your mortgage application requires out-of-the-box thinking, your lender should be ready to get creative. It香蕉视频直播檚 a little more complicated to secure a loan for a mobile home on leased land or a home on First Nations reserve land, but we have the experience and flexibility to find a solution. Even if your mortgage is a few years away from renewal, talking with an advisor can help you understand if now is a good time to switch,香蕉视频直播� she says.
Carlesimo notes that if you香蕉视频直播檙e on the fence about making a move and simply want to do some exploration, getting a mortgage pre-approval is a great way to gain an understanding of what you can afford while also locking in your potential mortgage rate for 120 days香蕉视频直播� helping curb any concerns of rates changing.
If you香蕉视频直播檝e just started your own business or graduated from university, some financial institutions might not be willing to offer you a loan. But that doesn香蕉视频直播檛 have to be the end of the conversation.
香蕉视频直播淚f we have to decline an application, we香蕉视频直播檒l continue working with that member to figure out how we can get them to a 香蕉视频直播榶es.香蕉视频直播� Let香蕉视频直播檚 get a savings plan together, let香蕉视频直播檚 build that credit score, and let香蕉视频直播檚 get that down payment working for you by investing.香蕉视频直播�
Taking a holistic approach to the home buying journey
香蕉视频直播淪ome homeowners want to talk through every step, and others just want to drop off all the necessary information and let their advisor handle the rest. I always ask about their expectations, and I香蕉视频直播檓 happy to support any way I can,香蕉视频直播� Carlesimo says.
And while some lenders are hyper-focused on a single service, Valley First takes a more holistic approach.
香蕉视频直播淭he home buying journey goes far beyond a mortgage 香蕉视频直播� it香蕉视频直播檚 about building a strong financial foundation for years to come. I want to dive into retirement savings, your child香蕉视频直播檚 education and your other life plans. Whether you are buying your first home or taking the next step in your homeownership journey, an Advisor ensures your mortgage integrates with your full financial picture, helping you continue to work towards your family香蕉视频直播檚 long-term financial goals香蕉视频直播� she says.
香蕉视频直播淲e香蕉视频直播檒l look at every aspect of your unique situation to make the process seamless and stress-free.香蕉视频直播�
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