If you91裸聊视频檝e been watching the Okanagan Valley91裸聊视频檚 housing market for a while, you know the past few years haven91裸聊视频檛 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.
It91裸聊视频檚 caused many people to pause their plans, whether they91裸聊视频檙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.
91裸聊视频淵ou91裸聊视频檒l never find the perfect time to buy a home. We91裸聊视频檝e come off an extraordinarily low-rate period, but in the grand scheme of interest rates, they91裸聊视频檙e quite similar to rates we saw a decade ago.91裸聊视频�
The home you want doesn91裸聊视频檛 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 you91裸聊视频檙e more than just your salary.
91裸聊视频淚f your mortgage application requires out-of-the-box thinking, your lender should be ready to get creative. It91裸聊视频檚 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,91裸聊视频� she says.
Carlesimo notes that if you91裸聊视频檙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 days91裸聊视频� helping curb any concerns of rates changing.
If you91裸聊视频檝e just started your own business or graduated from university, some financial institutions might not be willing to offer you a loan. But that doesn91裸聊视频檛 have to be the end of the conversation.
91裸聊视频淚f we have to decline an application, we91裸聊视频檒l continue working with that member to figure out how we can get them to a 91裸聊视频榶es.91裸聊视频� Let91裸聊视频檚 get a savings plan together, let91裸聊视频檚 build that credit score, and let91裸聊视频檚 get that down payment working for you by investing.91裸聊视频�
Taking a holistic approach to the home buying journey
91裸聊视频淪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 I91裸聊视频檓 happy to support any way I can,91裸聊视频� Carlesimo says.
And while some lenders are hyper-focused on a single service, Valley First takes a more holistic approach.
91裸聊视频淭he home buying journey goes far beyond a mortgage 91裸聊视频� it91裸聊视频檚 about building a strong financial foundation for years to come. I want to dive into retirement savings, your child91裸聊视频檚 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 family91裸聊视频檚 long-term financial goals91裸聊视频� she says.
91裸聊视频淲e91裸聊视频檒l look at every aspect of your unique situation to make the process seamless and stress-free.91裸聊视频�
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