I provide mortgage services in Campbell River and along Vancouver Island. Whatever your situation, I am here to help you throughout the entire process. Contact me to get started, working with a mortgage broker is free!
First Time Home Buyers
My goal is to keep the biggest milestone of your life an exciting one by helping you throughout the entire process. My initial meeting with a first time home buyer is based around educating them on the process, the costs and any programs they are eligible for to save money. I do a credit review followed by a pre qualification of what they can get approved for. If you plan to buy a house in the next 1-2 years, now is the time to contact a mortgage broker.
Refinance, Debt Consolidation, Renovations and More
Because mortgages are secured against property, they usually have a lower interest rate than unsecured loans (credit cards, personal loans). Therefore refinancing your mortgage to consolidate debt or pay for renovations can be a great way to save money and reduce your overall monthly payments. If your debt is starting to build, contact a mortgage broker to discover your options before it’s too late. Once you’ve missed a few payments, your mortgage options will be limited.
Rental Properties, Second Homes and Repeat Buyers
If you are looking to buy one of these properties, you understand the importance of investing in real estate. You may think that only first time home buyers can put 5% down, but that is no that case. If you are buying a second home or another primary residence, you are allowed to put 5% down. However if you are buying a full rental property you must put 20% down. Contact me if you want to learn more about getting a mortgage on these properties.
Trying to understand your credit and what factors impact your score is a complex equation. However with years of experience, I can help simplify the process so you can achieve your homeownership goals. My first step would be reviewing your credit to see where the problems lie. Then I’d create an action plan to improve your credit, allowing you to be approved for a mortgage. Remember, my services are free as I get paid by the lender.
About 150 days before your renewal date, your lender will send you a document offering you new interest rates and terms. I encourage all my clients to send me this document so I can ensure you are getting the best deal and choosing the right product. If your current lender isn’t offering you the best deal, I’ll find you a lender who will.
Renewal is also a great time take out the equity from your home to pay off high interest debt. This can free up cash flow and you won’t be charged a mortgage penalty. Did you know that lines of credit and credit cards have higher interest rates than mortgages?