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May 22, 2013 By

Are you Paying Too Much – Kelowna Mortgage Evaluation

Good morning Kelowna Mortgage Holders.

We hope you are enjoying the start of Spring.  Many of us are just now doing a spring clean up of our homes, getting rid of junk we never use, turning the sprinklers on re-adjusting the sprinkler heads, hosing off the driveway, cleaning the gutters etc … we are giving our home a once over making sure everything is working right.

Another thing we should be do doing each year is re-evaluating our mortgages and our debt structure.  Rates change and so do the options that go along with rate changes.  A very well known mortgage broker in the Vancouver area has been re-assessing his clients mortgages annually for years, in fact Oprah Winfrey herself has endorsed this mortgage strategy on a television show called Million Dollar Neighbourhood.

The Lending Outlet Kelowna Mortgage would like to invite you to take part in a Kelowna Mortgage Re-Evauation project free of charge.  We can visit your home or you can come into our office to discuss your current mortgage structure and see if you have any room to improve and to save money.  Our brokers have been doing this for a long time and have amazing relationships with over 100 lenders.  Sometimes we are even able to blend current credit card balances into a new mortgage giving you improved cash flow each month.  The possibilites are endless.  It is on these types of Mortgage re-evaluations that Kelowna Mortgage Brokers shine.

Just complete the contact form to the right of this post and we will get back to you within 2 hours.  You have nothing to lose.

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May 7, 2013 By

Target Kelowna – Opening Soon

Get ready Kelowna Mortgage holders, Target Kelowna is opening soon.

Several eager shoppers were on hand as Target opened its doors in Vernon Tuesday morning.

The opening is one of 22 in Western Canada – today.

The soft openings include stores in British Columbia, Alberta and Manitoba and follow the opening of 24 stores across Ontario. As previously announced, Target plans to open 124 stores across Canada throughout 2013.

“Target is thrilled to be opening stores in Western Canada, providing a one-stop shopping destination that meets the wants and needs of our guests,” said Tony Fisher, president, Target Canada. “It was exciting to see the response to our Ontario store openings, which have produced valuable insights that along with our soft openings in Western Canada will help us to continue to deliver on Target’s Expect More. Pay Less. brand promise for guests across Canada.”

Locations opening to the public on May 7 include:

British Columbia (9)
Campbell River – Discovery Harbour Shopping Centre
Coquitlam – Coquitlam Centre
Cranbrook – Tamarack Mall
Delta – Scottsdale Mall
Kamloops- Sahali Centre Mall
Langley – Willowbrook Shopping Centre
Nanaimo – Nanaimo North Town Centre
Vernon – Village Green Mall
Victoria – Tillicum Centre

Alberta (10)
Calgary – Chinook Centre
Calgary – Forest Lawn Shopping Centre
Calgary – Market Mall
Edmonton – Bonnie Doon Shopping Centre
Edmonton – Mill Woods Town Centre
Edmonton – West Edmonton Mall
Grande Prairie – Prairie Mall
Red Deer – Bower Place
Sherwood Park – Sherwood Park Mall
St. Albert – St. Albert Centre

Manitoba (3)
Brandon – Shoppers Mall
Winnipeg – Kildonan Place Shopping Centre
Winnipeg – Southdale Centre

Locations opening to the public on May 14 include:

Prince George – Pine Centre
Calgary – Shoppes at Shawnessy
Stores will be open from 8 a.m. to 10 p.m. Monday to Saturday and 8 a.m. to 9 p.m. on Sunday. Guests will be welcomed into bright, clean stores with wide aisles, great guest service and a trend-right merchandise assortment. The majority of the 24 locations will feature a licensed Starbucks, as well as an in-store pharmacy designed to provide guests with superior patient-centered healthcare.

Target Kelowna is expected to be open this summer.

Source: Castanet.net

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March 4, 2013 By

Flaherty – Mortgage Doublespeak and Linguistic Illusion

cash-houseLow Canadian Mortgage Rates

In a masterful bit of mortgage doublespeak and linguistic illusion the Minister of Finance stepped back into
The mortgage marketplace, warning about lenders engaging in prudent lending and not engaging in a race to the bottom.
This is an incredibly ironic stance for him to take since it was him and the Conservative government that encouraged the unprecedented loosening of credit underwriting guidelines 5 years ago.

Great Kelowna Mortgage Rates

Anyway, he once again misses the point entirely. He is obsessed with consumer credit quality and seems unconcerned that the rates are this low because the Bank of Canada and the US Fed are printing money at a record rate.
As anyone that reads this blog knows that Kelowna Lending & Mortage Co. The Lending Outlet has been offering 5-year money at 2.99 or 2.89 percent for the past couple of months. There is also an incredible 10-year rate at 3.69 percent.
This is good for borrowers, especially first time home buyers in Kelowna but is a sign of how weak demand is for borrowing outside the consumer sector.
Canada is lagging in business investment, junior companies are finding it impossible to raise cash, and the general industrial and commercial borrowing side is dead as a doornail.
For economies like the GTA, Quebec, and Vancouver to thrive the country needs to encourage the growth of export-oriented manufacturers. Instead of ragging in consumers, Mr. Flaherty should focus on repairing our manufacturing industry and thereby creating jobs.
A good job lets you repay a lot of debt Mr. Flaherty.

First Time Home Buyers Kelowna

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February 23, 2013 By

Ten Year Kelowna Mortgage 3.69%

Call or text Tracy Charlton about our great 10 year rate 3.69% – This is a great rate get it before it’s gone! 1-250-862-1073.  Let Tracy’s mortgage experience save you money.

kelowna-mortgage-tracy-charlton

 

 

 

 

 

 

 

 

 

 

Tags #kelownamortgage #tracycharlton #greatmortgagerates

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February 22, 2013 By

Kelowna Mortgage broker, Consolidation mortgage, Low rate mortgage, BC

kelowna mortgage brokerThis is a classic misleading statistic. The market is traditionally slow in December and I will predict that January’s result will be equally

Poor on a year over year basis. Mortgage Broker Kelowna

The problem with real estate statistics is they try to impose a general assumption onto a localized product.  For instance, the headlines today talk about slow sales and a national price decline.

First he price decline is less than 1 %. If the average house price is 350k then they have declined less than 3500 bucks, which in my mind is not earth shattering. But the reality is even less than that.

The numbers are taken from averages. The averages nationally are going to be driven by the largest real estate boards in the GTA, Vancouver and maybe Calgary.  The average increase or decrease may not be influenced at all by smaller market activity such as Victoria KELOWNA Saskatoon etc.

Within the average sale price decline you might see and alternative interpretation.  In those big markets mentioned the average house price can decline because activity increased in a lower price range relative to overall sales, the result of which is lower prices would dag the average home price down.

In small towns, a single sale can cause significant average price swings either way. Lumby B C showed  4% price increase according to news reports. The problem with this is a single sale over 750k would drag the nitre sales average upward.  ( the lumby racket is very small)

So what is our advice?  Beware market stats which are negative for December and January, which are traditionally slow months.  Ignore national sales numbers. Real estate is a local product.

Do pay attention to your local economy, your personal financial circumstances and your personal needs. Mortgage Broker Kelowna

Remember that most of you are buying a home not an investment and that real estate is longer term game. It’s not the stock market.

Mortgage Broker Kelowna

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