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 no reason they can't increase their readiness today. There are simple and easy steps all buyers can take which can increase their options when it comes to borrowing money. But it takes a plan and proper education to make this happen. Can you name 5 things your buyers can do to increase their credit score? I can. I would love a chance to educate your clients and ready them to work with you.
Best Regards
Steve Bucher, Mortgage Consultant
Invis Kamloops www.mortgagebuilder.ca
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