Broker Konstantin
101-591 Bernard Ave v1y 6n9 Kelowna, BC, Canada

Apparently I also paint

Everyone should read this https://brokerk.ca/general/10-things-to-avoid/

The bad news is time flies. The good news is you’re the pilot.

Check out today's post about purchasing a condo or a house as a first-time buyer. http://brokerk.ca/general/condo-or-house/

Happy Canada Day!!

Happy Canada Day!

New Post! One common mistake is overlooking the closing costs that need to be paid at the end of the buying process. While budgeting for your home purchase, you’ll want to have an accurate picture of the additional costs you’ll need to pay. Some of these costs may include: Home Inspection $400-$500 Appraisal $300-$500... Title Insurance $100-$300 Property transfer tax (around 2% of the purchase price) Legal Fees $900-$1500 Property insurance Prepaid Utility Bills Property Taxes 250.826.7626 [email protected] LINK BELOW TO THE POST! http://brokerk.ca/general/closing-costs/

Had a blast at @gneiss_climbing with a couple of buddies! Climbing to the top ain’t easy whether it’s business or a rock wall. It doesn’t become easier over time - you become stronger and more experienced. The wall stays the same. @ gneiss climbing

A down payment is the amount of money that you put toward the purchase of your home. The amount that you put down is deducted from the purchase price of your house and the balance is covered by your mortgage (given that you qualify). In BC, the minimum down payment required depends on the purchase price of your home (primary residence). If the purchase price is less than $500,000, the minimum down payment is 5%.... If the purchase price is between $500,000 and $999,999, the minimum down payment is 5% on the first $500,000, and 10% on the amount over $500,000. For anything over $1,000,000 you’ll have to put at least 20% down. For example, if you were to purchase a $600,000 home, your minimum down payment required would be 5% of $500,000 ($25,000) + 10% of $100,000 ($10,000). Add the totals together = $35,000. You’d apply for a mortgage for the remaining $565,000. If you put less than 20% down, your mortgage is referred to as high ratio and you’ll have to pay for mortgage default insurance. This insurance protects the lender in the event that you default on your mortgage payments. If your down payment is 20% or more of the purchase price, your mortgage is referred to as conventional and you will not need mortgage default insurance. 250.826.7626 [email protected] See more

Before engaging in any serious home search, home-buyers (specially first-time buyers) should have the necessary liquidity for the down payment, have investigated and addressed any potential credit issues, spoken to a mortgage broker, and obtained a pre-approval letter. My services are FREE to you! Contact me today! 250.826.7626 [email protected]

HAPPY FATHERS DAY! https://m.youtube.com/watch?v=tkmm9OqfR00&feature=youtu.be