Rancher With Extensive Renovations In Handy Kelowna South Location

Rancher With Extensive Renovations In Handy Kelowna South Location

Extensive Renovations Inside

1,900 sq. ft., 4 bdrm single story – $419,000 – Sharply Priced

Kelowna South – Four bedroom/three bathroom rancher with “open” design. Well thought out floor plan with substantial renovations. Separate 300 square foot building for home office. Close to hospital, beaches, shopping and schools.

 

Living in Kelowna,
Andrew Smith
Smith McLellan Group
Royal LePage Kelowna
Info@OkanaganBC.com
To view homes go to www.Okanaganbc.com
250-979-8066
Follow me on Twitter @smithap01

2 minute walk to beach in kelowna’s lower mission

2 minute walk to beach in kelowna’s lower mission

Steps to Gyro Beach

¢ 1,700 sq. ft., 3 bath, 3 bdrm single story – MLS®$439,000 – Fabulous Neighbourhood

Lower Mission, Kelowna – Excellent location steps to Gyro Beach in Lower Mission on a sought after family street.
Spacious 3 bedroom split level with 2.5 bathrooms.Recently renovated with new carpet, heated tile in bathrooms and new counter tops.
Park like fenced yard. 2 car garage

 

Living in Kelowna,
Andrew Smith and Jo Ann McLellan
Smith McLellan Group
Royal LePage Kelowna
Info@OkanaganBC.com
To view homes go to www.Okanaganbc.com
250-979-8066 or Toll Free 1-800-330-5883
Follow me on Twitter @smithap01

Three level Split Home For Sale…$439,000

Three level Split Home For Sale…$439,000

Steps to Gyro Beach

¢ 1,700 sq. ft., 3 bath, 3 bdrm single story – $439,000 – Fabulous Neighbourhood

Lower Mission, Kelowna – Excellent location steps to Gyro Beach in Lower Mission on a sought after family street.
Spacious 3 bedroom split level with 2.5 bathrooms.Recently renovated with new carpet, heated tile in bathrooms and new counter tops.
Park like fenced yard. 2 car garage

 

Living in Kelowna,
Andrew Smith
Smith McLellan Group
Royal LePage Kelowna
Info@OkanaganBC.com
To view homes go to www.Okanaganbc.com
250-979-8066
Follow me on Twitter @smithap01

Executive Townhouse For Sale in Lower Mission.

Executive Townhouse For Sale in Lower Mission.

¢ 2,794 sq. ft., 3 bdrm single story – $499,900 – Spacious Townhouse

Lower Mission,Kelowna – Spacious Bright townhouse located conveniently across from H20 fitness centre and 50 meter pool. Super opportunity for an active family. Great running and biking trails nearby and 1 block to Okanagan Lake.

This is the life! Elegant home with 2 master bedrooms one on main floor and second master upstairs with en suite and 3rd bedroom upstairs.
Total of 3 bedrooms plus den and 5 bathrooms, on over 2750 sq ft.
Nicely decorated with hardwood floors and vaulted ceilings. Super games room and exercise room down stairs.
Pets allowed.

 

Living in Kelowna,
Andrew Smith
Smith McLellan Group
Royal LePage Kelowna
Info@OkanaganBC.com
To view homes go to www.Okanaganbc.com
250-979-8066
Follow me on Twitter @smithap01

Flaherty Tightens Mortgage Rules

Flaherty Tightens Mortgage Rules

Jim Flaherty announced new mortgage financing rules for home buyers and home owners wanting to extend/obtain secure lines of credit. In a nutshell, mortgages with amortization periods longer than 30 years will no longer qualify for government backed insurance which is required for all mortgages with less than 20{f0a0a72383b5d412aa1cdd82beeb3baa9f2169d63afba57b72be67b4c5074c09} down. Also, Canadians can only borrow against 85{f0a0a72383b5d412aa1cdd82beeb3baa9f2169d63afba57b72be67b4c5074c09} of the value of their homes from 90{f0a0a72383b5d412aa1cdd82beeb3baa9f2169d63afba57b72be67b4c5074c09} on a refinancing. Read full story here.

I don’t think this is going to be a big deal in terms of prices or units sold. 25 year amortizations were the norm for so long in this country and few questioned it. As a group Canadians are a conservative lot most of the time and I was more surprised when CMHC started underwriting 35 and 40 year amortizations.

At first glance, the people who might be affected are those who bought with a 5{f0a0a72383b5d412aa1cdd82beeb3baa9f2169d63afba57b72be67b4c5074c09} down payment and a 35 year amortization. When the term on those loans are up they might be impacted but the Finance Department announced that they would be exempt from these changes as long as they simply renew and don’t refinance at time of renewal. It is a good idea to consult a knowledgeable mortgage broker when it is time to renew your mortgage.

 

A mortgage broker can outline your various options and the penalties if you decide to sell before the next renewal term. Your mortgage term could be 1 year, 3 years or 5 years and again a mortgage broker can recommend which term is best suited to your needs. Mortgages are very personal and the rate should not be your only concern. You could have a low rate but a very high penalty if you sell and cancel the mortgage before the term is finished.

Realtor Andrew Smith
Living in Kelowna,
Andrew Smith
Royal LePage Kelowna
250-979-8066 or Toll Free 1-877-330-5884
Follow me on Twitter @smithap01

Cal for more information https://www.okanaganbc.com/ or view here Mortgage Broker VS Banker – Kelowna Real Estate