The Mortgage Gal

Honesty best policy

May 13, 2019 / 11:00 am

Finding the right mortgage broker is important. Whether you choose to work with a mortgage broker, a branch employee, or a mortgage specialist tied to one bank,...

Mortgage-fee red flags

Apr 29, 2019 / 11:00 am

Twice over the last week I’ve fielded questions about mortgage fees, so I thought this might be information worth sharing. It is important to note that...

Timing your mortgage

Apr 15, 2019 / 11:00 am

After a bit of a slow start to the year, the spring market is in full swing. For many clients, it’s a bit of a chicken-and-egg game: Do I list my...

Interest rate war

Apr 1, 2019 / 11:00 am

If you are thinking of buying a home this spring, great news. Over the last two weeks, many lenders have dropped their rates multiple times. One family I have...

Mortgage stress

Mar 18, 2019 / 11:00 am

In previous columns, I’ve shared my thoughts on how best to organize yourself to apply for a mortgage pre-approval. I’ve also talked about different...

Get mortgage pre-approved

Mar 4, 2019 / 11:12 am

I had planned to do a deep dive into the speculation tax, but after a phone call with one of my favourite realtors, I felt it was time to talk about the...

Buying rental properties

Feb 18, 2019 / 11:00 am

Over the last few weeks I’ve worked with several clients who are building their portfolio of rental properties. Three of the mortgage applications went...

Exemptions from Spec Tax

Jan 21, 2019 / 11:00 am

The Speculation and Vacancy Tax is front and centre again. The prominent theme has been around the importance of completing the declaration to exempt yourself...

Beware of credit vandals

Jan 7, 2019 / 11:00 am

Have you seen the movie Identity Thief? The trailer is possibly one of my favourite movie scenes ever (Melissa McCarthy singing in the car). The movie is pretty...

Take charge of mortgage

Dec 24, 2018 / 11:00 am

A friend just sent me a screen shot in Messenger. It took me a minute to figure out what it was. The screen shot was a transaction list of her mortgage...

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...