purchase: Considering a Purchasing? Know the 5 C's of Borrowing Money - 08/05/09 03:32 PM
 
Purchasing a home is a major decision for most people; it represents the single largest purchase they will ever make.  So when it comes to qualifying for home financing, what should you know?  What is important to the bank?  Here are five questions to ask yourself:
Capital - How much do you have to put down for the purchase of your new home?  The larger the down payment, the less risk you present to the lender.  A minimum 5% down payment is normally required to purchase a home in Canada.  However, if you have good credit, there are some lenders … (0 comments)

purchase: Breaking into the buyer's market - tips for first time homebuyers - 02/17/09 06:37 PM
 
Tips for first-time homebuyers
 Interest rates touching historic lows and more attractive house prices in parts of the country have added up to better affordability for first-time homebuyers.  The federal government's recent budget has added more reasons for Canadians who aren't yet homeowners to consider entering the real estate market this year.
Under the new federal budget, first-time homebuyers can qualify for a $750 tax credit, to help with closing costs, such as appraisal or legal fees.  Also, homebuyers can now withdraw up to $25,000 from their RRSP under the Home Buyers Plan for a down payment - up from … (1 comments)

purchase: Buying strategies in a declining value economy - 01/29/09 05:03 PM
Every financial planner will tell you to BUY ALL the time and your stock price will even its self out over time, but what about real estate?  How do you buy real estate if you think values may be lower tomorrow?  The answer is found in the 3 reasons people buy real estate.  People buy real estate as 1) a "hedge against inflation", 2) as an opportunity to capitalize on value appreciation and 3) personal use.  Notice that only one reason to buy is tied to value.  So here is how we bring attention to another reason to buy.
Personal Use:  … (0 comments)

purchase: Making the most of Low Rates. - 01/18/09 01:42 PM
In today's market in Kamloops, a monthly rent payment would often pay for much better accomodation if the renter chose to actually own.  The low rates mean lower mortgage payments, increased buying power and reduced implications for debt servicing - the death of many a deal.
With prices of housing falling and house inventory increasing, it is time to contact your clients who currently rent and advise them to look at their buying options.  With the CMHC flexdown program, down payment does not have to be the deal breaker for the client. 
Now, not every client is ready to buy, for a number of reasons, but there is … (10 comments)

 
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Steve Bucher

Kamloops, BC

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Mortgage Intelligence Mortgage Consulting

Address: 2139 Cantle Crt, Kamloops, BC

Office Phone: (250) 682-6077

Cell Phone: (250) 682-6077

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