Kelowna Mortgage Broker

kelowna-mortgage-brokerOk so you’ve decided that based on all your friends and relatives advice and stuff you read

In various media that you shouldn’t buy a home today.

Our local market is about to take a giant meltdown like the US circa 20090, right?
Wrong!
There are many things to think about.  First look at the US market today.
The market is rapidly moving forward. Listings are dropping across the marketplace, foreclosures are falling at a 25% annual rate.  Everything your uncle is telling you is old news.

Why is what happens in the US market important?  Just look at the labour stats for the forestry sector.
Jobs are booming from the first time in ten years. Look at the stock chart for Canfor and Ainsworth.

See a pattern?
The first rule of investing is you can’t time the market.  The real estate market behaves the same way as the stock market but is less volatile and reacts over a longer cycle.
Rates are super low on mortgages. The market is soft. This is the best time in 10 years to buy.
Get pre-qualified, shop below your earnings, be a happy owning. That’s what we want for you.

Call us

Kelowna Mortgage Broker and The IKEA Monkey?

kelowna-mortgage-ikea-monkeyKelowna Mortgage Broker

I like the Ikea monkey. I like his coat. I like that he hangs at Ikea. He’s kind of a euro-hipster monkey out shopping for monkey size furniture and stuff at one of our favorite furniture stores.
So why is the Ikea monkey on my mind this morning? Well, while I was out walking Jack earlier it occurred to me that the Ikea monkey connects to our psyche in a fundamental way.
Much of this blog talks about the abstract and arcane world of economics with the context of mortgages and real estate. The topics, because they are abstract, don’t connect to our inner humanity. Abstract ideas are always a bit tough to follow but we feel we need to understand them so we can make good financial decisions.
What’s a good financial decision? One where we either make money or at least don’t lose money.
How do we make a good decision? We try to learn as much as we can about a subject by thoroughly researching it and then hopefully making an educated decision.
In the context of real estate the decision almost always revolves around the question, is this a good time to buy? When is a good time to get a Kelowna Mortgage. In my short 35-year career in this Kelowna Mortage industry I can tell you that no one can predict with100% accuracy when is a good time to buy a house. I can tell you that over the long term real estate prices follow the inflation rate. Sometimes they fall behind, like now in Kelowna, and some times they get ahead, like 2007 in Kelowna.

Kelowna Mortgage Broker

Contact us for more information about a Kelowna Mortgage. I can also tell you that home ownership is in demand. Which brings me back to the Ikea Monkey. Owning your own home, like the Ikea monkey, touches something deep within our psyche. It is not an abstract idea. Therein are the difficulty and the solution.
If you want to own a home then buy a home. A home is not an investment. If you don’t want to lose money be prepared to live there for the next 10 years and inflation will save your investment.
Your home is not an abstract idea, like the Ikea Monkey, it’s close to your heart.

Hopefully we get an Ikea here in Kelowna soon.

Kelowna Mortage Broker

Kelowna Mortgage Broker Tracy Charlton

Kelowna Mortgage Broker

kelowna-mortgage-tracy-charltonFor over 24 years Tracy Charlton has worked in the financial industry. Let Kelowna Mortgage Broker Tracy Charlton handle your mortgage Kelowna needs.  She has the ability to source the best rates for all kinds of mortgages including first time home buyers, construction mortgages and refinances to name a few.  Feel free to contact Tracy at the Lending Outlet.

Contact Tracy at 1-250-862-1073

 

 

 

 

 

Kelowna Mortgage Broker

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