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The Mortgage Gal

Mortgages for self employed

Dec 10, 2018 / 11:00 am

During the last few weeks, I’ve been working on mortgages for two self-employed people. Neither application was cut and dried. Documentation made all the...

Porting your mortgage

Nov 26, 2018 / 11:00 am

I’m working with a couple (let’s call them Ken and Barb) who are relocating to B.C. from Saskatchewan. They bought their first home just over two...

Mortgage adjustments

Nov 12, 2018 / 11:00 am

There were more changes with respect to mortgage qualification this past week. TD announced that they are changing how they calculate Home Equity Line of Credit...

Social media, mortgages - 2

Oct 29, 2018 / 11:00 am

Happy Halloween! A few columns back I wrote about how lenders (and brokers) research potential clients online. Results of these online searches can affect...

Mortgages for seniors

Oct 15, 2018 / 11:00 am

I received a call from a gentleman in the Shuswap, last week He read my last column, which talked about how the mortgage changes are impacting both people who...

More changes coming?

Oct 1, 2018 / 11:00 am

In my first column of 2018, I talked about potential impacts of the mortgage changes that were rolled out Jan. 1. Apart from the significant drop in buying...

Social media, your mortgage

Sep 17, 2018 / 11:00 am

Theme of the week: provide accurate information to your mortgage broker (or banker). I am fortunate because my clients are very comfortable talking to me....

Pay mortgage off sooner

Sep 3, 2018 / 11:00 am

During the last few weeks, I’ve worked with clients who expect changes to their finances in the next few months. One couple purchased a home and have a...

Know thy neighbour

Aug 20, 2018 / 11:00 am

One night last week, my neighbour and I were wrenching on my daughter’s car. In fairness, mostly he was wrenching and I was handing him tools and learning...

Don't be overwhelmed

Aug 6, 2018 / 2:00 pm

Buying a home is exciting. Trying to make decisions regarding your new mortgage can feel overwhelming. I like to have time to work with my clients before we sit...

Mortgages and fire season

Jul 23, 2018 / 11:00 am

Fire season, much like Christmas, sneaks up on me. Every year. Two messages to share this week, so I will start with the quicker of the two. If you (or someone...

Mortgage papers you'll need

Jul 9, 2018 / 11:00 am

Headline: Having your ducks in a row reduces mortgage approval related stress by 85 per cent Maybe not actually a headline, and the statistic is decidedly...

Flex down mortgages

Jun 25, 2018 / 3:00 pm

“ "How are we expected to save a down payment when the rent we pay is higher than our mortgage payment would be?” Over the last two weeks,...

An ah-ha moment

Jun 11, 2018 / 3:00 pm

I’ve had two conversations with friends during the last week about what exactly a mortgage brokers does. Because I am a mortgage broker and immersed in...

Mortgaging through divorce

May 28, 2018 / 3:00 pm

Divorce sucks. This week I met with five clients who are separating. This was unusual for me; it’s been a while since I’ve worked with clients who...

2nd mortgage helps sleep

May 14, 2018 / 3:00 pm

One of my clients just had her first decent sleep in two years. In my last column, I wrote about her. She just popped into the office to tell me that her second...

Buying a strata property

Apr 30, 2018 / 3:00 pm

When you write an offer to buy a home, life seems to go into fast forward mode. Between negotiating the offer, having your financing approved, co-ordinating and...

Be ready when life happens

Apr 16, 2018 / 11:00 am

“I wish I’d known about these options a year ago. I went to my bank and they said there was nothing I could do, that I should just sell my car or...

Spec tax not right fit

Apr 2, 2018 / 3:00 pm

Since the B.C. government tax re-defined the areas affected by the Speculation Tax, I have been concerned about the impact it will have on our housing market...

Five Cs of Credit

Mar 19, 2018 / 11:00 am

If you’ve never owned a home, figuring out where to start can feel a little overwhelming. Over the last week I’ve talked with two couples who have...

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