Interest rates have risen dramatically in the last year, causing many prospective and current home owners to worry about their finances.

Your home, budget and lifestyle are unique, so your mortgage should be custom tailored to your needs. A can help, whether your mortgage is up for renewal, you鈥檙e ready to place an offer on a new home or just want to be prepared for the future.

What should I do if rates continue to rise?

• Avoid any unnecessary outside credit payments
• Take advantage of potential pre-payment options to reduce your overall balance
• If you鈥檙e self-employed, try to increase your income prior to renewal

I鈥檓 up for renewal this year, what should I do?

Along with the items listed above, rates can be locked-in months in advance, so being prepared early and starting the conversation with your mortgage broker can prevent last-minute stress.

How should I organize my mortgage in case rates drop?

Looking at a shorter-term or choosing a variable rate mortgage can help prevent paying unnecessarily high interest rates long after current rates have gone down.

How much of a mortgage can I afford?

Every individual, couple or family will be able to afford a different amount, based on income, credit history and other factors. with a mortgage consultant to find out your budget.

What should I avoid in a mortgage?

• Mortgages with large penalties in the event of an early payout.
• Bona-fide sale clauses that require you to stick with your lender until the end of your term or until you sell your home.
• Above-average interest rates, caused by signing a mortgage before consulting a professional.

颁辞耻谤迟别苍补测鈥檚 offers , so you can learn more about your options, and find the best mortgage for your specific circumstances.

With over 100 years of financial, business and real estate experience between them, the team at has the expertise to find you the best mortgage. You鈥檙e not just another number when you work with this team.

When you contact you will be paired with a local, licensed mortgage broker that will work with you through all stages of the mortgage process. Your licensed mortgage broker will go through your individual wants and needs to make sure you are set up for success.

When you work with a mortgage professional at , you have peace of mind knowing that they are searching through banks, credit unions, national mortgage companies and secondary lenders (if required) to make sure you have the best options and rate for your specific circumstances.

Start the conversation today!

• Online:
• Email: info@yourapprovedmortgage.ca
• Phone: 250-897-3550

• Walk-ins are always welcome at the Invis West Coast Mortgages office:

Invis West Coast Mortgages: Your source for trusted, local, expert mortgage advice since 2006.