Plan Ahead It Will Save You Money

in Good Business Practises by David Iverson

It’s never a bad time to plan Do successful entrepreneurs just open their doors for business without a business plan? Does a chef open a restaurant without a menu? Do pilots depart the hanger without a flight plan? Can you build a house without architectural plans?…I could go on forever! The answer is NO to all Read More

Do You Want A New Car Or Your Own Home?

in White House Mortgages by David Iverson

Thinking of purchasing or leasing a new car? Let me so some quick math for you. A $400.00 payment will reduce your total mortgage qualification by $100,000.00 OUCH! I will confess that I think about new cars for at least a moment or two regularly. Fast cars and I go back a few decades when Read More

What Not To Do If You Want To Buy A Home Or Need To Refinance

in Mortgage Financing by David Iverson

Have you been approved for a mortgage and waiting for the completion date to come? Well, it is not smooth sailing until AFTER the solicitor has registered the new mortgage. Be sure to avoid these 10 things below or your approval status can risk being reversed! 1. Don’t change employers or job positions Any career Read More

First Time Home Buyer Loses Money with the BC Home Equity Assistance Program

in Mortgage Financing by David Iverson

First Time Home Buyer Loses Money with the BC Home Equity Assistance Program ARE YOU KIDDING ME?!? HOW CAN THIS BE?!? If you are a first time home buyer, or you know of a first time home buyer that has a 5% down payment saved from their own resources, and another 1 ½% for closing Read More

Is Kelowna Okanagan In a Housing Bubble? Part 1

in Good Business Practises by David Iverson

Is Kelowna Okanagan In a Housing Bubble?                    Part 1 In my profession as a Mortgage Broker I am continually asked what I think about the current state of the real estate market in Kelowna (Okanagan) and where it is headed. With years of experience under my belt I have yet to meet anyone who has Read More

Kelowna Okanagan Housing Bubble? Part 2

in Good Business Practises by David Iverson

Supply & Demand Simply put demand drives the market, and supply can greatly affect the value of that market. Going back to 2006 statistics (available to anyone on the OMREB website), we see between March and November new monthly listings averaged around 837 units with the only noticeable change being a drop in November. Looking Read More

Kelowna Okanagan Housing Bubble? Part 3

in Good Business Practises by David Iverson

Analysis From 2006 to the market crash of 2008 there was an increase in listings, an increase in unsold properties and a doubling of inventory. The emotions involved which drove the market and eventually killed it were; confidence (initially) which transitioned to fear and greed. Sellers can share in the responsibility because some listed just Read More

Kelowna Housing Bubble? Part 4 Analytics

in Good Business Practises by David Iverson

Analytics Okanagan Central 2006 Category              Mar            Apr           May          Jun           Jul          Aug          Sep          Oct         Nov Listed                   899            792            892          882          794          868          809         854           747 Sold                      567            507             542          507           514           511           443         406           341 Days to Sell         155              92               92           102          103           103            112          121             92 Inventory            2281         2366         2308          2457         2433       Read More

Single Women: A Force in Residential Home Sales

in Good Business Practises by David Iverson

Whether you are saving for a condo or a townhouse in the city or a house in the suburbs, the best part about becoming a homeowner is saying goodbye to landlords, which can be an exciting life transition! Unlike the traditional past, more and more single, professional women are making their own commitment to home Read More

Mortgage Rates September 12, 2016

in Mortgage Rates, White House Mortgages by David Iverson

These rates are not current – Please text or call 250-878-1541 for a custom quote. Variable 3 year from Prime-.50% or 2.20% Variable 5 year from Prime-.50% or 2.20% 5 year fixed rate from 2.30% 1 year fixed rate from 2.19% 2 year fixed rate from 2.14% 3 year fixed rate from 2.24% 4 year Read More