If you含羞草研究社檝e been watching the Okanagan Valley含羞草研究社檚 housing market for a while, you know the past few years haven含羞草研究社檛 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.
It含羞草研究社檚 caused many people to pause their plans, whether they含羞草研究社檙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.
含羞草研究社淵ou含羞草研究社檒l never find the perfect time to buy a home. We含羞草研究社檝e come off an extraordinarily low-rate period, but in the grand scheme of interest rates, they含羞草研究社檙e quite similar to rates we saw a decade ago.含羞草研究社�
The home you want doesn含羞草研究社檛 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 you含羞草研究社檙e more than just your salary.
含羞草研究社淚f your mortgage application requires out-of-the-box thinking, your lender should be ready to get creative. It含羞草研究社檚 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,含羞草研究社� she says.
Carlesimo notes that if you含羞草研究社檙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 days含羞草研究社� helping curb any concerns of rates changing.
If you含羞草研究社檝e just started your own business or graduated from university, some financial institutions might not be willing to offer you a loan. But that doesn含羞草研究社檛 have to be the end of the conversation.
含羞草研究社淚f we have to decline an application, we含羞草研究社檒l continue working with that member to figure out how we can get them to a 含羞草研究社榶es.含羞草研究社� Let含羞草研究社檚 get a savings plan together, let含羞草研究社檚 build that credit score, and let含羞草研究社檚 get that down payment working for you by investing.含羞草研究社�
Taking a holistic approach to the home buying journey
含羞草研究社淪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 I含羞草研究社檓 happy to support any way I can,含羞草研究社� Carlesimo says.
And while some lenders are hyper-focused on a single service, Valley First takes a more holistic approach.
含羞草研究社淭he home buying journey goes far beyond a mortgage 含羞草研究社� it含羞草研究社檚 about building a strong financial foundation for years to come. I want to dive into retirement savings, your child含羞草研究社檚 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 family含羞草研究社檚 long-term financial goals含羞草研究社� she says.
含羞草研究社淲e含羞草研究社檒l look at every aspect of your unique situation to make the process seamless and stress-free.含羞草研究社�
Learn more at .