If you’re looking to purchase your first home or thinking about selling your current home to make an offer on something new and exciting, you may be wondering how much of your budget should go towards a monthly mortgage payment.
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If you’re a homeowner, you’re probably looking forward to the day you hand over that final mortgage payment. But as we age, we increasingly think about our needs for retirement: how much money we’ll have to save, how and where to save it, its preservation and growth potential, our level of taxation and more. Should we be focused on paying down our mortgage, or is saving for retirement the real priority?
We asked local & Best of Kelowna Double Silver Winner Interior Designer and Decorator, Courtney Ungaro to share her best tips and tricks to prepare you for a renovation, keep you on budget, and maybe even save some money!
I just moved into my first home a couple years ago and, as someone who recently went through the process, hopefully my experience can help those who are about to take the leap into home ownership for the first time themselves!
One of our members shared his experience when he renewed his mortgage with Interior Savings.
When it comes to picking a mortgage provider, we believe the choice should be simple. Big banks, mortgage brokers and even insurance companies offer mortgages these days, but we want to tell you why our members choose us.
If your mortgage is up for renewal and you’re thinking of making a change, there can be a lot to consider. Which provider should you choose? A big bank? A broker? Or is it even the right time to be switching providers at all? Did you know that credit unions can provide you with a mortgage?
Once you’ve decided that building your own custom home is the way you want to go, you need to think about the financials. Luckily, Interior Savings has a mortgage solution with these needs specifically in mind: the construction mortgage.
Growing up, the concept of saving money seemed so simple – you’d stick coins in a piggy bank and eventually, there would be enough accumulation to buy that special toy or other item you were hoping for. While the adult version of saving money isn’t too far off, life generally throws a few more challenges as you get older. Unexpected expenses, a growing family, student … Continue reading Save for a Home Faster with These 5 Tips
The first step towards finding the mortgage that works best for you is understanding what a mortgage payment is comprised of because the fact is – you aren’t just paying for your physical home. Let’s use the acronym PITI (Payment, Interest, Taxes, Insurance) to break down your payment and understand why each part is important.
