TeamKelly - Mortgages BC

12/12/2025

If you’ve got some credit card debt, this is the post for you.

(Hit bookmark now, so you have this info to review when you’re ready to talk mortgages)

Here’s what you need to know:

1️⃣ Debt to income ratio: lenders typically look for a DTI ratio under 43%. This includes all your monthly debt payments (including credit cards) compared to your gross monthly income.

2️⃣ Credit score: your credit score plays a significant role in your mortgage eligibility. High credit card balances can lower your credit score, so it’s worth paying down some debt before applying.

3️⃣ Interest rates: having credit card debt may affect your interest rates. Lenders see high debt levels as a risk, which can lead to higher rates.

4️⃣ Financial stability: demonstrating a stable income and a history of one time payments can help offset concerns about credit card debt.

Ready to explore your mortgage options, even with credit card debt. Let’s get started on your home ownership journey.

estateCanada

12/10/2025

11/25/2025

Rose, thank you so much for the 5 start review 🌷 You’re feedback motivates our team to continue delivering excellent service!

11/21/2025

Crazy to think that the seeds on these friendships were planted when we were all just 16 years old , last weekend we celebrated “our combined 60th birthdays “
These are the friends that I talk to every day ( sometimes more than once a day ) from 16 to 60 there have been alot of seeds to sow ….
they say it takes a long time to grow old friends …
I’m blessed to have grown some great ones 🌱

10/28/2025

We truly appreciate your 5 star review! It’s wonderful to know that you were satisfied with your experience. Thank you for taking the time to share your feedback. 🌷

10/21/2025

Thank you for trusting us! We are so happy we could make the process smooth. Wishing you all the best in this next chapter 🌷

10/16/2025

Going through a divorce?
Deciding what to do with your home adds complexity. Here are key things to consider:

➕Affordability: Can you manage the mortgage and expenses alone?

➕Refinancing: You might need to refinance to remove your ex’s name and adjust for any shared equity.

➕Legal Details: Consult a lawyer to ensure keeping the home aligns with your divorce agreement.

If you are going through a separation or divorce right now and have questions, please reach out!

10/09/2025

Thank you so much for the 5 star review ⭐️

We truly appreciate you taking the time to share your experience!

10/08/2025

https://www.facebook.com/share/p/19n1bVARKL/
New Listing , West Kelowna - Located on the wine trail just 4 doors down from Mission Hill Winery overlooking Quails Gate Winery - Views, corner lot with flexible floor plan for large family or in law suite

Location, views and a versatile floor plan, this home has it all. Situated on the wine trail, four doors down from Mission Hill Winery, this custom-built home is a must see. Just over 1/3 of an acre corner lot on Mission Hill Road and Royal Gala, the expansive lot provides ample space for a pool, RV...

09/17/2025

Want to save 💰on your mortgage? Here’s a simple trick: make extra payments towards your principal.

With a $300,000 mortgage at 4% over 25 years, an extra $100/month can:

Cut your loan term by 4 years

Save you about $48,000 in interest

Small changes can lead to big savings. Ready to find more ways to save? let’s chat!

09/04/2025

I often get asked if you can still buy a house if you have credit card debt… Don’t worry, you can still make it happen!

While having credit card debt can impact your mortgage application, it doesn’t mean you can’t get approved while you are also paying down your debt.

Factors like how much debt you have, how consistent you’ve been at paying it down, and how long you’ve had the debt for, all come into play.

Don’t let credit card debt hold you back from exploring your options for owning a home.

More questions, Reach out to me today!

08/31/2025