August 2010

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Kamloops Sahali Real Estate 435 McGill  Large three bedroom home in great lower Sahali location within walking distance to shopping, transportation and schools including TRU. Recent updates include new flooring, paint and bathroom fixtures. Panoramic city and valley views from the deck, kitchen and great room. Private back yard with terraced garden, fruit trees and in-ground sprinklers. Open floor plan with vaulted ceilings in the great room with large windows making this home very bright and inviting. Tons of parking in the 2 car tandem garage and possible room for an RV.

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Kamloops Home For Sale Briarwood Ave Beautiful 6 year old custom designed four level split home in Brock’s newest development West Briar Estates. There are four large bedrooms and three full bathrooms. The main great room area has high 16 foot vaulted ceilings and numerous windows. There is a beautiful mountain view from the kitchen, dining room, great room and patio. The large master ensuite has a large soaker tub, separate shower and large walk in closet. This home comes with all landscaping complete including in-ground sprinklers.  There is also central A/C, central vacuum and a fully finished basement. The basement rec room has 14 foot ceilings and extra insulation for sound proofing. Other custom features include rounded corners, custom tile work, frosted glass pine doors, gas barbecue hook up on the patio, custom mouldings, most lights on dimmers or timers and gas fire place. This home has been entirely painted in the past 2 years. There is a two car garage and tons of storage under the stairs and under the outside patio. There is no HST on this nearly new home. Don’t miss out on this great home!

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This weekend’s open houses will be held on Saturday, August 28th and Sunday, August 29th in Aberdeen, Barnhartvale and Juniper Heights.

Kamloops Property 2405 DRUMMOND CRTSaturday, August 28, 2010: 11:30-1:00: 2405 Drummond Court, Aberdeen, $379,900

Bright & inviting two-storey home backing onto parkland with a beautiful view. Recent updates include flooring, heat pump, kitchen counters, paint & more. Bright open kitchen with large patio doors leading to a fenced backyard. Storage pantry & laundry off of the kitchen. Large living room with big windows & patio off of the front. Huge master bedroom with vaulted ceilings, large walk-in closet, 4 piece ensuite, small patio & skylight.

Kamloops House 2090 Van Horne Drive Saturday, August 28, 2010: 1:30-3:00: 2090 Van Horne Drive, Aberdeen, $399,900

Private & spacious 3,200 square foot, 3 level split home in desirable Aberdeen. There are 5 bedrooms & 3 bathrooms, including one ensuite. Recent updates include outside vinyl “chic” paint with a 20 year warranty, kitchen counter, tile flooring & 95% efficiency furnace. Roof is 13 yrs old. Laundry room, 2 piece bathroom, bedroom & large family room with maple hard wood flooring & fireplace on the main floor.

Barnhartvale Real Estate 5395 Morris Pl Sunday, August 29, 2010: 11:30-1:00, 5395 Morris Place, Barnhartvale, $389,900

This home appears to be straight out of a magazine. Extensive reno’s and additions done over the past couple years including a large family room (great room), kitchen, flooring, windows, doors, bathrooms, large 18 X 20 patio, $12,000 hot tub,entry way/foyer, high efficiency furnace, paint, flooring and upgraded electrical. Vaulted ceilings in the family room with numerous skylights.

Juniper Heights Ridge Real Estate 2900 Cheakamus Place Sunday, August 29, 2010: 1:00-3:00, 2900 Cheakamus Place, Juniper Heights, $899,900

Immaculate 2 year old Juniper Heights Benchlands executive bungalow with over 4,300 square feet of living space. Bright open design featuring a large gourmet kitchen with stainless steel appliances, granite counter tops and custom finishing. Large great room design with huge windows featuring beautiful valley and lake views. Large stamped concrete patio off the kitchen & master bedroom. There is a one bedroom & den on the main floor (den could be converted to a bedroom) and three bedrooms down. This home features extra high ceilings on both floors. more..

Juniper Heights, Kamloops, BC Home 2665 Qu'appelle Blvd, Sunday, August 29, 2010: 1:30-3:00, 2665 Qu’appelle Boulevard, Juniper Heights, $379,900

This solid Juniper Ridge home has 4 bedrooms and 3 bathrooms. There is over 2,000 square feet of living space and numerous updates which include, kitchen, bathrooms, flooring, paint, baseboards and more. This home sits on a lot over 10,000 square feet. There is drive through access to the back yard, two gas fire places, built in vacuum, central A/C, under ground sprinklers, RV parking and single car garage.

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Kamloops Sahali Real Estate 383 HOLLYBURN DriveBright and cheery Upper Sahali half duplex in nice area. Very close to Albert McGowan Park, transit, schools & shopping. Numerous updates include windows, furnace, A/C unit, paint, main bath, kitchen. Three bedrooms on the main with two bedrooms down. One bedroom down & storage area can be converted to a large rec room. Large patio off the main floor lead to good sized back yard. Single car carport with lots of extra parking. RV parking possible.

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Brenda Colman - Invis Kamloops Mortgage BrokerWhile some mortgage rates have been increasing in recently, overall, interest rates are the lowest we’ve seen in a generation.  Kamloops homeowners and first-time buyers getting a mortgage in the months ahead will likely enjoy a rate that will keep their borrowing costs low for the next few years.  Indeed, borrowers who have renewed or refinanced a mortgage in the past year now pay interest rates that are nearly one point lower than their previous rate, according to an April report by the Canadian Association of Accredited Mortgage Professionals (CAAMP).

While securing an attractive interest rate may be the top priority for most borrowers, some low-rate mortgages available today offer limited flexibility. For example, “no frills” mortgages offer favourable rates, but may limit your ability to pay off your mortgage sooner. In addition, “quick close” financing deals offer attractive rate discounts, but many require a closing date within 30 days. This may not provide enough flexibility for sellers or buyers.

When it comes to choosing a mortgage, getting a good rate is just the tip of the iceberg. To ensure smooth sailing, you have to be aware of all the other features that may lie below the surface.

The features of a mortgage should fit a homebuyer’s personal goals, both now and down the road.  Borrowers need to understand what they’re signing up for – a mortgage is the largest debt most consumers will ever take on.

Below are five tips prospective mortgage holders may consider when choosing a mortgage:

1. Consider an assumable mortgage

A few years from now when you decide to sell your home, your low-rate mortgage could provide an extra selling point. If your mortgage is assumable, meaning it can be transferred to another borrower, it allows the purchaser to take on your mortgage’s terms and payments as part of the sale. This can be an attractive incentive, particularly in a higher rate environment.

2.  Review refinancing penalties

Given the low rates available today, many homeowners are weighing the benefits of refinancing. When choosing a mortgage, keep in mind that penalties are often the equivalent of three months’ mortgage payments, or based on an interest rate differential, which is the difference between your current rate and the new rate.  If you consider refinancing, a mortgage broker can help you decide whether the long-term savings outweigh the up-front penalties.

3. Evaluate pre-payment options

Many borrowers are taking advantage of low interest rates by accelerating payments on their mortgages. For example, many lenders allow you to double up payments periodically, or make lump-sum payments of up to 20 per cent of the principal once a year. When negotiating your mortgage, make sure you understand the size and frequency of payments your lender allows.

4. Review skip-a-payment options

Some lenders offer an option to skip a payment without penalty, which may come in handy in today’s economy.

5. Consider portability

Many mortgages have a portability feature that allows you to transfer your existing mortgage over to a new property, but not all portability terms are the same. Some lenders allow as long as 120 days to transfer the mortgage, but others only allow for a few days or a week.

Choosing the right mortgage involves considering where you are now, and where you may be three to five years from now.  Working with a mortgage professional can help you make sense of the many options available to you.

Brenda Colman, Mortgage Consultant, Invis Kamloops
P. 250-318-8118  E. ac.sivninull@namlocadnerb W.

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