Preparing for home ownership

Welcome back to KelownaNow! Today, Jim sits down with Lennie Rampone and Aaron Marsh from Rampone Marsh Mortgages to discuss the latest in the mortgage market, interest rates, and real estate trends. Get insights into the current economic landscape, tips for first-time homebuyers, and investment opportunities. Don't miss out on their expert advice!
In this episode, we cover:
Challenges in closing mortgages
Predictions on the upcoming interest rate announcement
The impact of potential interest rate cuts
Current unemployment data and its economic impact
Affordability issues in Canada, including groceries, gas, housing, and energy costs
Overview of the Kelowna real estate market
The effect of rate cuts on the market and buyer's market conditions
Importance of getting pre-qualified for mortgages
Explanation of rate cuts and their impact on payments
Fixed vs. variable rate mortgages
Benefits of buying homes with in-law suites
Leveraging real estate for investment
First-time homebuyer programs and down payment options
Discussion on property values and long-term investments
Investment opportunities in Alberta, specifically Calgary and Edmonton
Tax incentives for rental properties
Growth of Kelowna and its attractiveness for investment
Advantages of having properties in both Kelowna and Calgary
Strategies for leveraging property equity
Tips for first-time homebuyers using RRSPs
Opportunities for self-directed mortgages
Creative ways to use sweat equity for down payments
Importance of gifting down payments from family
Investing in properties outside of Kelowna
Renting out properties for additional income
Closing thoughts and advice for viewers
For more and to contact Rampone Marsh:
www.kelownanow...