I was recently sent this article by Karen Shale a local mortgage broker with LendingMax here in Kelowna. Karen offers a straight to the point and excellent explanation of each of the new federal lending rules that were recently announced by Jim Flaherty, Minister of Finance. These new lending regulations take effect April 19,2010. Here's the article:
Here is the official announcement ...
Posted by Jason Neumann
on February 21, 2010
Current Active Central Okanagan MLS Listing Inventory as of February 8,2010:
Single Family Dwellings - 1523 properties (a 15.12% increase from January) including 17 pending offers ranging in value from $284,900 to $999,000
Strata - Condos - 931 properties (a 1.48% decrease from January) with 1 pending offer at $174,800
Strata - Townhomes - 369 ...
Posted by Jason Neumann
on February 11, 2010
There are currently 61 foreclosures (as of February 7,2010) amongst the entire listing inventory for the Central Okanagan. That is a decrease of 14 properties (-22.95%) in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
2 Lots and Acreages (both at $115,000) with no pending sales
2 Manufactured Homes ($79,000 ...
Posted by Jason Neumann
on February 8, 2010
Whether you are considering buying a new home or refinancing your existing mortgage, important personal information and documents will be required by lenders. This checklist gives an overview of the necessary documentation that most Canadian lenders require prior to approving and funding a mortgage. By providing these documents in a timely fashion, you will ...
Posted by Jason Neumann
on February 8, 2010
It’s now February in the Okanagan and the sun has begun to shine on those winter blues. However, February weather can still pack a chilly punch! Here are some tips for protecting yourself from ballooning heating bills, freezing pipes and other household emergencies in these last weeks of winter.
Inside:
Keep doors and heating vents closed to rooms that are not in ...
Posted by Jason Neumann
on February 5, 2010
Did You Know? According to the Greeting Card Association, an estimated one billion Valentine cards are sent each year, making Valentine’s Day the second largest card sending holiday of the year. Now that's a whole lot of cards!
For those celebrating a quiet Valentine’s Day at home, History.com brings you a list of notable romantic films suited for a variety of moods. ...
Posted by Jason Neumann
on February 2, 2010
Mold can be a serious health risk to any homeowner and the sooner it is detected the better. Having personally lived in a home that had mold in the laundry room I can tell you first hand that it is not something to take lightly. To remediate and repair the affected areas I had to rip out out all the drywall and insulation in the entire room. This work had to be done as ...
Posted by Jason Neumann
on February 1, 2010