16 Sep

General

Posted by: Cody Chambers

🏠 **Exciting News for Homebuyers!** 🏠
The Canadian Government has announced major updates to mortgage rules aimed at making home ownership more accessible for Canadians. Effective as of December 15, 2024.
🔹 **Price Cap Increase:** The limit for insured mortgages will rise to $1.5 million from $1 million, helping more buyers qualify with less than a 20% down payment.
🔹 **Expanded Amortization:** The 30-year mortgage option will now be available to first-time buyers of any type of home, plus those buying newly built properties.
These changes are part of the government’s effort to address high housing costs and support first-time buyers. Stay tuned for more updates and let’s see how these reforms shape the housing market!
#HomeOwnership #MortgageReforms #HousingAffordability
Download my mortgage App.

Call: (778) 319-5744
E-mail: Codychambers@dominionlending.ca

14 Aug

General

Posted by: Cody Chambers

🌞🏠 **Summer Vibes and Mortgage Rates in BC** 🏠🌞

Hey everyone! As we soak up the sun and enjoy the vibrant summer days, it’s also a great time to keep an eye on the mortgage market. 📉🌅

🏡 **Mortgage Rates Update:** With the summer season in full swing, mortgage rates in BC are starting to trend downwards. Whether you’re a first-time homebuyer, looking to refinance, or just keeping an eye on the market, it’s important to stay informed about how these rates might impact your homeownership plans.

💡 **Why It Matters:** Even a slight change in rates can make a big difference in your monthly payments and overall loan costs. If you’re thinking about making a move or securing a new mortgage, now might be a great time to explore your options and get professional advice.

🌟 **Summer Tip:** Use this sunny season to review your financial goals and talk to a mortgage advisor. They can help you navigate the current market and find the best deal for your needs.
Enjoy the rest of your summer and make the most of this season both in and out of your home! 🏖️🌲

Call: (778) 319-5744
E-mail: Codychambers@dominionlending.ca

5 Aug

General

Posted by: Cody Chambers

.🏡 Unlock the Value in Your Home with a Reverse Mortgage! 🏡

Are you a homeowner in British Columbia looking to enhance your retirement lifestyle or access extra funds? A reverse mortgage might be the solution you’ve been searching for!
What is a Reverse Mortgage?

A reverse mortgage allows homeowners aged 55+ to convert a portion of their home equity into tax-free cash, all while staying in their home. It’s a powerful tool to help you:
✨ Supplement Retirement Income
✨ Cover Unexpected Expenses
✨ Finance Home Renovations
✨ Enjoy Financial Flexibility

Why Consider a Reverse Mortgage?
🔹 No Monthly Payments: You only repay the loan when you move out or sell the home.
🔹 Stay in Your Home: Continue living comfortably in your own home without the need to relocate.
🔹 Flexible Use: Use the funds however you see fit.

As a dedicated mortgage broker in BC, I can help you explore your options and find the best solution for your needs. Let’s discuss how a reverse mortgage could be a game-changer for you!

Call: (778) 319-5744
E-mail: Codychambers@dominionlending.ca

31 Jul

General

Posted by: Cody Chambers

Navigating the mortgage process for the first time can be daunting, but you don’t have to do it alone. As an experienced mortgage broker, I’m here to guide you through every step with ease and confidence.

Whether you’re just starting to explore options or ready to make an offer, give me a call, and we’ll get you on the path to homeownership. 📞✨

Download my mortgage App. so I can help.
Call: (778) 319-5744

29 Jan

General

Posted by: Cody Chambers

IMPORTANT MORTGAGE RENEWAL ALERT! ✨🏡

Before you renew that mortgage, WAIT! 🛑📝

Don’t sign on the dotted line without having a chat with me first. Your mortgage renewal is a big deal, and I’m here to ensure you get the best deal possible. 💼💰

Let’s navigate the world of mortgage renewals together. Your financial future is too important to leave to chance.
Drop me a message or give me a call before you commit! 📲🏠

Call: (778) 319-5744
E-mail: Codychambers@dominionlending.ca

26 Oct

General

Posted by: Cody Chambers

Fixed or Variable? The Right Mortgage for You

There are pros and cons to both fixed and variable rate mortgages, and the right choice for you will depend on a number of factors. If you are risk-averse, or if you are not confident in your ability to weather sudden increases in your monthly payments, a fixed-rate mortgage may be the better choice. With a fixed rate mortgage, your payments will remain the same for the length of the term, so you’ll always know exactly what your payments will be.

On the other hand, a variable rate mortgage can offer lower interest rates than a fixed rate mortgage, but there’s also the potential for those rates to increase over time. If you’re comfortable with a little bit of risk and you’re confident that you can handle higher payments, if necessary, a variable rate mortgage could save you money in the long run. Ultimately, the best way to decide is to talk to Cody Chambers, Mortgage Broker, and see what they recommend for your specific situation.

Cell: +1 778-319-5744
Email: Codychambers@dominionlending.ca
#okanagan #kelownamortgagebroker #mortgages #realestate

19 Oct

General

Posted by: Cody Chambers

Choosing the Right Path for Your Mortgage in Canada: Bank vs. Mortgage Professional

When it comes to securing a mortgage in Canada, homebuyers have a key decision to make: should they go through a bank or partner with a licensed mortgage professional? Each option has its merits, but many find that working with a mortgage professional can provide significant advantages.

**Understanding the Bank Option**

Banks typically offer a limited selection of mortgage products, sticking to their own offerings. While this may seem convenient, it often means missing out on potentially better deals available through other lenders.

**The Benefit of a Mortgage Professional**

Licensed mortgage professionals, on the other hand, have access to a wide range of products from numerous financial institutions. This access ensures that you can find the best options tailored to your unique needs.

### Saving Time and Effort

One of the most appealing aspects of working with a mortgage professional is the time you save. Instead of spending countless hours comparing different products from various banks, you can let an expert handle the research and negotiations for you.

### Why Opt for a Mortgage Professional?

– **Broad Product Access**: Explore hundreds of options from leading lenders.
– **Tailored Guidance**: Professionals assess your situation to find the right fit.
– **Convenience**: Enjoy a hassle-free experience while they manage the details.

As more homebuyers recognize these benefits, the preference for working with licensed mortgage professionals is on the rise. If you’re looking to streamline your mortgage journey, consider reaching out to a professional for expert assistance.

For personalized support, don’t hesitate to contact me:

**Cell**: +1 778-319-5744
**Email**: Codychambers@dominionlending.ca

Let’s make your homebuying experience smooth and successful!

#okanagan #kelownamortgagebroker #mortgages #realestate