Winner | Karen Olson

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KAREN OLSON

ABOUT
MORTGAGE SERVICES
RESOURCES

QUESTIONS? LET'S TALK.

CONGRATS!

YOU FOUND THE EGG!

Variable rates have dropped by 0.25%, and experts expect the trend to continue.

This drop equates to saving approximately $15 per $100,000 of mortgage owing for those in Variable Rate Mortgages.

And working with a mortgage professional when your mortgage comes up for renewal could save you thousands!

Now is the time to review your options!

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #rates #renewal

Variable rates have dropped by 0.25%, and experts expect the trend to continue.

This drop equates to saving approximately $15 per $100,000 of mortgage owing for those in Variable Rate Mortgages.

And working with a mortgage professional when your mortgage comes up for renewal could save you thousands!

Now is the time to review your options!

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #rates #renewal

Supporting local has always been important to us, and we’re proud to partner with a business that shares those same values:

Hopcott Farms!

We’re looking forward to a fun day on September 13 filled with great conversations, helpful mortgage advice, and your chance to win some spending money to use right at Hopcott Farms!

Come out, say hi, and enjoy a day dedicated to supporting community, and smart mortgage solutions.

@hopcottfarms

#SupportLocal #HopcottFarms #MortgageAdvice #CommunityFirst #ShopLocal #HopcottEvent #mortgagetips #mortgage #realestate #firsttimehomebuyer #rates

Supporting local has always been important to us, and we’re proud to partner with a business that shares those same values:

Hopcott Farms!

We’re looking forward to a fun day on September 13 filled with great conversations, helpful mortgage advice, and your chance to win some spending money to use right at Hopcott Farms!

Come out, say hi, and enjoy a day dedicated to supporting community, and smart mortgage solutions.

@hopcottfarms

#SupportLocal #HopcottFarms #MortgageAdvice #CommunityFirst #ShopLocal #HopcottEvent #mortgagetips #mortgage #realestate #firsttimehomebuyer #rates

Don’t wait for your mortgage to mature to make a smart move and start saving.

Even if there are penalties for breaking early, renewing your mortgage ahead of time can sometimes save you more in the long run.

A quick chat with a mortgage advisor can help you crunch the numbers and see if early renewal makes sense for your situation.

DM me or reach out to book a chat. Let’s make sure you’re not leaving savings on the table!

#mortgagetips #mortgage #renewal #save #realestate #homeownership

Don’t wait for your mortgage to mature to make a smart move and start saving.

Even if there are penalties for breaking early, renewing your mortgage ahead of time can sometimes save you more in the long run.

A quick chat with a mortgage advisor can help you crunch the numbers and see if early renewal makes sense for your situation.

DM me or reach out to book a chat. Let’s make sure you’re not leaving savings on the table!

#mortgagetips #mortgage #renewal #save #realestate #homeownership

Game Changer for Realtors - Home Tour Videos

They don’t just show a property, they sell it!

Help buyers fall in love before they even step inside.

-Sell homes faster
-Add serious value to your listings
-Showcase every unique detail

If you’re not using video yet then you’re missing out!

Check out @thetylerburrows for Home Tour videos that bring your listings to life!

#mortgagetips #mortgage #homeownership #realestate #mortgagebroker #homebuyer #sellhomes #buyhomes

Game Changer for Realtors - Home Tour Videos

They don’t just show a property, they sell it!

Help buyers fall in love before they even step inside.

-Sell homes faster
-Add serious value to your listings
-Showcase every unique detail

If you’re not using video yet then you’re missing out!

Check out @thetylerburrows for Home Tour videos that bring your listings to life!

#mortgagetips #mortgage #homeownership #realestate #mortgagebroker #homebuyer #sellhomes #buyhomes

Prolonged Search
High Competition
Overwhelming Choices
Missed Opportunities

It’s common to experience an amount of mental and emotional exhaustion during the process of searching for a home.

Rely on the experts on your team to help shift that stress. And keep focused on your goal, you WILL find your home!

Reach out for Home Buyer’s Support!

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #homebuyer

Prolonged Search
High Competition
Overwhelming Choices
Missed Opportunities

It’s common to experience an amount of mental and emotional exhaustion during the process of searching for a home.

Rely on the experts on your team to help shift that stress. And keep focused on your goal, you WILL find your home!

Reach out for Home Buyer’s Support!

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #homebuyer

Exciting News!

I’m incredibly honoured to share that I’ve officially joined the in-house mortgage team at Oakwyn Realty. 🏡✨

Oakwyn’s core values align so deeply with the way I approach both life and business:

💡 Innovative Service
💬 Put People First
🌱 Pursue Growth & Learning
🏘️ Create a Community
🔥 Embrace & Drive Change
📚 Real Estate Nerds
🌟 Lead by Example

Helping people navigate one of the biggest financial decisions of their lives is more than a job — it’s a privilege.

Let’s make home happen — together.

If you’re in the area come and say hello!

#MortgageAdvisor #OakwynRealty #PeopleFirst #NewBeginnings #RealEstateCommunity #ProudToBeOakwyn

Exciting News!

I’m incredibly honoured to share that I’ve officially joined the in-house mortgage team at Oakwyn Realty. 🏡✨

Oakwyn’s core values align so deeply with the way I approach both life and business:

💡 Innovative Service
💬 Put People First
🌱 Pursue Growth & Learning
🏘️ Create a Community
🔥 Embrace & Drive Change
📚 Real Estate Nerds
🌟 Lead by Example

Helping people navigate one of the biggest financial decisions of their lives is more than a job — it’s a privilege.

Let’s make home happen — together.

If you’re in the area come and say hello!

#MortgageAdvisor #OakwynRealty #PeopleFirst #NewBeginnings #RealEstateCommunity #ProudToBeOakwyn

We can help you arrange the details of Spousal and Equity Buyouts.

We’ll walk you through each step and ensure you have the correct documents in order. We can introduce you to professionals in the industry, such as Lawyers that can support you and Appraisal companies that will reassure you that you are getting the most value from the home.

Reach out if you have questions or need help!

#mortgagetips #mortgage #realestate #homeownership #mortgagebroker #renewal #buyout #equity

We can help you arrange the details of Spousal and Equity Buyouts.

We’ll walk you through each step and ensure you have the correct documents in order. We can introduce you to professionals in the industry, such as Lawyers that can support you and Appraisal companies that will reassure you that you are getting the most value from the home.

Reach out if you have questions or need help!

#mortgagetips #mortgage #realestate #homeownership #mortgagebroker #renewal #buyout #equity

Setting yourself up for Mortgage Success means having a team of professionals that work hard for you and work well together.

Reach out for Mortgage Advice.

#mortgagetips #mortgage #realestate #firsttimehomebuyer #homeownership #rates

Setting yourself up for Mortgage Success means having a team of professionals that work hard for you and work well together.

Reach out for Mortgage Advice.

#mortgagetips #mortgage #realestate #firsttimehomebuyer #homeownership #rates

If you’re a self-employed person in the beauty industry or if you know someone who is, have them get in touch.

Working with a Mortgage Expert to get Approved can take the stress out of an overwhelming process.

Use the link above to get in touch.

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #homebuyer #rates #beautyindustry #hairstylist #makeupartists #nailtechnician #eyelashextensions

If you’re a self-employed person in the beauty industry or if you know someone who is, have them get in touch.

Working with a Mortgage Expert to get Approved can take the stress out of an overwhelming process.

Use the link above to get in touch.

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #homebuyer #rates #beautyindustry #hairstylist #makeupartists #nailtechnician #eyelashextensions

Changes to FTHB GST Rebate

May 27th Federal Government issued a Press Release.

Full GST rebate on homes under $1 million and partial rebate on homes between $1 million and $1.5 million.

Basically, FTHB still pay the GST on closing but they will be eligible for a rebate of the full amount (up to $50K) and then phased out from $1-1.5 million..

Happy Home Buying!!

#firsttimehomebuyer #mortgagetips #mortgage #homeownership #mortgagebroker #rates #gst #newlybuilthome

Changes to FTHB GST Rebate

May 27th Federal Government issued a Press Release.

Full GST rebate on homes under $1 million and partial rebate on homes between $1 million and $1.5 million.

Basically, FTHB still pay the GST on closing but they will be eligible for a rebate of the full amount (up to $50K) and then phased out from $1-1.5 million..

Happy Home Buying!!

#firsttimehomebuyer #mortgagetips #mortgage #homeownership #mortgagebroker #rates #gst #newlybuilthome

“Statistics Canada assessed the proportion of employees anticipating layoffs. Not surprisingly, employees in industries dependent on US demand for Canadian exports were more likely to anticipate layoffs. Job insecurity causes people to tighten their belts.

Traders in overnight swaps upped their bets for a rate cut at the Bank of Canada’s next decision on June 4, putting the odds at just over a coin flip after the release.”

Dr. Sherry Cooper
Chief Economist, Dominion Lending Centres

#mortgagetips #mortgage #realestate #firsttimehomebuyer #rates #homebuyer

“Statistics Canada assessed the proportion of employees anticipating layoffs. Not surprisingly, employees in industries dependent on US demand for Canadian exports were more likely to anticipate layoffs. Job insecurity causes people to tighten their belts.

Traders in overnight swaps upped their bets for a rate cut at the Bank of Canada’s next decision on June 4, putting the odds at just over a coin flip after the release.”

Dr. Sherry Cooper
Chief Economist, Dominion Lending Centres

#mortgagetips #mortgage #realestate #firsttimehomebuyer #rates #homebuyer

Congrats to my lovely First Time Home Buyers!

Happy Possession Day!

So happy to see you starting this new chapter together.

#mortgage #homeownership #realestate #firsttimehomebuyer #rates

Congrats to my lovely First Time Home Buyers!

Happy Possession Day!

So happy to see you starting this new chapter together.

#mortgage #homeownership #realestate #firsttimehomebuyer #rates

•Interest rates may finally start to fall
•Inventory is up year over year
•Prices might start to increase in hot markets like Vancouver

Make sure you:

1. Check out the listings in your area
2. Get Pre-approved

Reach out for help navigating this market!

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #rates #homebuyer

•Interest rates may finally start to fall
•Inventory is up year over year
•Prices might start to increase in hot markets like Vancouver

Make sure you:

1. Check out the listings in your area
2. Get Pre-approved

Reach out for help navigating this market!

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #rates #homebuyer

Here are some major dates to plan around in 2025.

New Year’s Day January 1
Family Day February 17
Good Friday April 18
Easter Monday April 21
Victoria Day May 19
Canada Day July 1
Civic Holiday August 4
Labour Day September 1
National Day for Truth and Reconciliation September 30
Thanksgiving Day October 13
Remembrance Day November 11
Christmas Day December 25
Boxing Day December 26

Choose your dates wisely!

#mortgagetips #mortgage #homeownership #mortgagebroker #firsttimehomebuyer #rates

Here are some major dates to plan around in 2025.

New Year’s Day January 1
Family Day February 17
Good Friday April 18
Easter Monday April 21
Victoria Day May 19
Canada Day July 1
Civic Holiday August 4
Labour Day September 1
National Day for Truth and Reconciliation September 30
Thanksgiving Day October 13
Remembrance Day November 11
Christmas Day December 25
Boxing Day December 26

Choose your dates wisely!

#mortgagetips #mortgage #homeownership #mortgagebroker #firsttimehomebuyer #rates

An assumable mortgage enables a new homeowner to take over the seller's existing mortgage, inheriting its terms without changes and benefiting from a lower interest rate.

If you’d like more information about this gorgeous property in Mission, reach out to @the_divorce_realtor

#assumablemortgage #mortgagetips #mortgage #homeownership #firsttimehomebuyer #mortgagebroker #rates

An assumable mortgage enables a new homeowner to take over the seller's existing mortgage, inheriting its terms without changes and benefiting from a lower interest rate.

If you’d like more information about this gorgeous property in Mission, reach out to @the_divorce_realtor

#assumablemortgage #mortgagetips #mortgage #homeownership #firsttimehomebuyer #mortgagebroker #rates

Join us on April 17th!

Money, Mortgages + Women’s Health

Ask Naturopath Dr. Brittany Schamerhorn anything you’d like to know about women’s health.

Let Martine Cunliffe from Nicola Wealth guide you when making financial decisions as a woman.

Learn the essentials that are vital for women when applying for a Mortgage.

#mortgagetips #mortgage #homeownership #womenshealth #financialadvisor #wealth

Join us on April 17th!

Money, Mortgages + Women’s Health

Ask Naturopath Dr. Brittany Schamerhorn anything you’d like to know about women’s health.

Let Martine Cunliffe from Nicola Wealth guide you when making financial decisions as a woman.

Learn the essentials that are vital for women when applying for a Mortgage.

#mortgagetips #mortgage #homeownership #womenshealth #financialadvisor #wealth

When looking for a realtor, look for someone who knows how to listen, someone who cares, and focuses on your specific needs.

Congrats @shahlahbakar for being top 1% I know it comes with a lot of hard work! 🙌🏻

#realestate #homebuyer #investmentproperty #top1percent #realtor

When looking for a realtor, look for someone who knows how to listen, someone who cares, and focuses on your specific needs.

Congrats @shahlahbakar for being top 1% I know it comes with a lot of hard work! 🙌🏻

#realestate #homebuyer #investmentproperty #top1percent #realtor

Spring Mortgage Checkup

It’s time to review your current mortgage, explore refinancing options, and ensure your financial plans align with your homeownership goals, potentially save money or shorten your loan term.

Reach out for help!

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker

Spring Mortgage Checkup

It’s time to review your current mortgage, explore refinancing options, and ensure your financial plans align with your homeownership goals, potentially save money or shorten your loan term.

Reach out for help!

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker

25 basis point rate cut

The basic rule of thumb is that you’re saving approximately $15 per month per $100,000 that owe on a variable rate mortgage.

For example:
On a $500,000 mortgage = save $75
On a $1 million mortgage = save $150

Reach out to see how you can save.

#mortgagetips #mortgage #realestate #mortgagebroker #firsttimehomebuyer #rates #renewal

25 basis point rate cut

The basic rule of thumb is that you’re saving approximately $15 per month per $100,000 that owe on a variable rate mortgage.

For example:
On a $500,000 mortgage = save $75
On a $1 million mortgage = save $150

Reach out to see how you can save.

#mortgagetips #mortgage #realestate #mortgagebroker #firsttimehomebuyer #rates #renewal

March is Fraud Awareness Month.

Protect your identity, be cautious about sharing personal information online.

Use strong passwords and think twice before you click!

#mortgagetips #mortgage #homeownership #fraudawareness #rates

March is Fraud Awareness Month.

Protect your identity, be cautious about sharing personal information online.

Use strong passwords and think twice before you click!

#mortgagetips #mortgage #homeownership #fraudawareness #rates

March 3rd is the deadline to contribute to your registered retirement savings plan.

Should you pay down your mortgage or contribute to your RRSP?

Get in touch to find out!

#mortgagetips #homeownership #realestate #homebuyer #rrsp #rrspcontribution

March 3rd is the deadline to contribute to your registered retirement savings plan.

Should you pay down your mortgage or contribute to your RRSP?

Get in touch to find out!

#mortgagetips #homeownership #realestate #homebuyer #rrsp #rrspcontribution

February 4 | Vancouver Advance Property Tax Payment | Vancouver Owners

February 4 | Vancouver Empty Homes Tax Declaration | Vancouver Owners

March 31 | BC Speculation & Vacancy Tax Declaration | All Owners

March 31 | CRA NR4 Information Return | Non-Resident Owners

April 14 | Vancouver Empty Homes Tax Payment | Vancouver Owners

April 30 | CRA Income Tax Return | Canadian Residents

April 30 | Canada Underused Housing Tax Return | Non-Resident Non-Citizen Owners

July 2 | Municipal Property Tax Payment | All Owners

July 2 | BC Homeowner Grant Application | Primary Residence Owners

July 2 | BC Speculation & Vacancy Tax Payment | All Owners

Reach out if you need help with any of these dates!

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #homebuyer #renewal #rates #investmentproperty #homeownergrant #speculationandvacancytax

February 4 | Vancouver Advance Property Tax Payment | Vancouver Owners

February 4 | Vancouver Empty Homes Tax Declaration | Vancouver Owners

March 31 | BC Speculation & Vacancy Tax Declaration | All Owners

March 31 | CRA NR4 Information Return | Non-Resident Owners

April 14 | Vancouver Empty Homes Tax Payment | Vancouver Owners

April 30 | CRA Income Tax Return | Canadian Residents

April 30 | Canada Underused Housing Tax Return | Non-Resident Non-Citizen Owners

July 2 | Municipal Property Tax Payment | All Owners

July 2 | BC Homeowner Grant Application | Primary Residence Owners

July 2 | BC Speculation & Vacancy Tax Payment | All Owners

Reach out if you need help with any of these dates!

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #homebuyer #renewal #rates #investmentproperty #homeownergrant #speculationandvacancytax

Closing Costs are a one-time fee that’s paid before taking possession of your new home.

Costs can range any where from 1.5-4%.

And can include things like:

Legal fees
Taxes
Insurance
Appraisal fees
Title searches
Title insurance

If you need helping calculating your closing costs reach out.

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #homebuyer #closingcosts

Closing Costs are a one-time fee that’s paid before taking possession of your new home.

Costs can range any where from 1.5-4%.

And can include things like:

Legal fees
Taxes
Insurance
Appraisal fees
Title searches
Title insurance

If you need helping calculating your closing costs reach out.

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #homebuyer #closingcosts

Consider the things you can control:

- Analyze your current debt portfolio
- Evaluate your investments
- Know your risk tolerance
- Perform a cash flow analysis of income and expenses

Having these things clearly in mind can help you navigate big life decisions during times of uncertainty.

Get in touch.

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #rates #renewal

Consider the things you can control:

- Analyze your current debt portfolio
- Evaluate your investments
- Know your risk tolerance
- Perform a cash flow analysis of income and expenses

Having these things clearly in mind can help you navigate big life decisions during times of uncertainty.

Get in touch.

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #rates #renewal

Get an edge on the competition and get pre-approved.

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #homebuyer #pre-approved

Get an edge on the competition and get pre-approved.

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #homebuyer #pre-approved

2025:

Wednesday, January 29, 2025
Wednesday, March 12, 2025
Wednesday, April 16, 2025
Wednesday, June 4, 2025
Wednesday, July 30, 2025
Wednesday, September 17, 2025
Wednesday, October 29, 2025
Wednesday, December 10, 2025

Connect with a Mortgage Expert for help choosing the right rate.

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #renewal #rates

2025:

Wednesday, January 29, 2025
Wednesday, March 12, 2025
Wednesday, April 16, 2025
Wednesday, June 4, 2025
Wednesday, July 30, 2025
Wednesday, September 17, 2025
Wednesday, October 29, 2025
Wednesday, December 10, 2025

Connect with a Mortgage Expert for help choosing the right rate.

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #renewal #rates

Effective Jan. 15, the government will now allow people to refinance their homes for up to 90% of the property value (including the value added by the secondary suite) so they can get the funds required to build an additional dwelling unit on the same property. The “as improved” value must be less than $2 million.

For help using this program reach out.

#mortgagetips #mortgage #realestate #renovations #refinance #secondarysuite

Effective Jan. 15, the government will now allow people to refinance their homes for up to 90% of the property value (including the value added by the secondary suite) so they can get the funds required to build an additional dwelling unit on the same property. The “as improved” value must be less than $2 million.

For help using this program reach out.

#mortgagetips #mortgage #realestate #renovations #refinance #secondarysuite

More than 1.2 million mortgages will come up for renewal in 2025.

Reach out for a Mortgage Audit to see where you can save.

#mortgagetips #mortgage #realestate #mortgagebroker #renewal

More than 1.2 million mortgages will come up for renewal in 2025.

Reach out for a Mortgage Audit to see where you can save.

#mortgagetips #mortgage #realestate #mortgagebroker #renewal

The BC home flipping tax applies to net taxable income from the sale of taxable property that was owned for less than 730 days.

The tax rate is 20 percent of net taxable income earned from a property sold within 365 days, and the rate decreases over the next 365 days. At 730 days, the tax no longer applies.

If you need help to figure it out, reach out.

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #bchomeflippingtax

The BC home flipping tax applies to net taxable income from the sale of taxable property that was owned for less than 730 days.

The tax rate is 20 percent of net taxable income earned from a property sold within 365 days, and the rate decreases over the next 365 days. At 730 days, the tax no longer applies.

If you need help to figure it out, reach out.

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #mortgagebroker #bchomeflippingtax

Take control over your mortgage, don’t wait for your current lender to reach out to you. Start researching your options three months beforehand and use time to your advantage.

Reach out if you need help comparing options.

#mortgage #mortgagetips #takecontrol #renewal #realestate

Take control over your mortgage, don’t wait for your current lender to reach out to you. Start researching your options three months beforehand and use time to your advantage.

Reach out if you need help comparing options.

#mortgage #mortgagetips #takecontrol #renewal #realestate

I love helping people save money!

Reach out and let’s see what savings you could have.

#mortgagetips #mortgage #realestate #firsttimehomebuyer #savemoney

I love helping people save money!

Reach out and let’s see what savings you could have.

#mortgagetips #mortgage #realestate #firsttimehomebuyer #savemoney

Is your rate around 5.4% or higher?

Get in touch to see if we could save you thousands of dollars by taking advantage of early renewal options.

#mortgagetips #mortgage #realestate #homeownership #renewal

Is your rate around 5.4% or higher?

Get in touch to see if we could save you thousands of dollars by taking advantage of early renewal options.

#mortgagetips #mortgage #realestate #homeownership #renewal

Insured and uninsured mortgages can do a straight switch at renewal and change lenders to take advantage of better interest rates without having to stress test effective November 21, 2024.

#mortgagetips #mortgage #homeownership

Insured and uninsured mortgages can do a straight switch at renewal and change lenders to take advantage of better interest rates without having to stress test effective November 21, 2024.

#mortgagetips #mortgage #homeownership

Mortgage Experts know how to work with unique income situations and have access to flexible lenders.

Reach out for help qualifying.

#mortgagetips #mortgage #income #firsttimehomebuyer #homeownership #ccb #childsupport #alimony

Mortgage Experts know how to work with unique income situations and have access to flexible lenders.

Reach out for help qualifying.

#mortgagetips #mortgage #income #firsttimehomebuyer #homeownership #ccb #childsupport #alimony

Are you starting a family and buying a home?

Use the link above and let’s get you set up.

#mortgagetips #homeownership #mortgage #realestate #pregnant #mortgagebroker

Are you starting a family and buying a home?

Use the link above and let’s get you set up.

#mortgagetips #homeownership #mortgage #realestate #pregnant #mortgagebroker

November is Financial Literacy Month.

It’s so important to understand where your money is going and how to grow your investments. I’d be happy to connect you with a Financial Advisor who can help you get the most out of your money.

Use the link above to connect to book your private session.

#mortgagetips #mortgage #firsttimehomebuyer #downpayment #investment #financialliteracy

November is Financial Literacy Month.

It’s so important to understand where your money is going and how to grow your investments. I’d be happy to connect you with a Financial Advisor who can help you get the most out of your money.

Use the link above to connect to book your private session.

#mortgagetips #mortgage #firsttimehomebuyer #downpayment #investment #financialliteracy

Try the following:

Increase your down payment
Increase your income
Increase your credit score
Lower your purchase price threshold

And always reach out to your mortgage expert for help!

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #rates

Try the following:

Increase your down payment
Increase your income
Increase your credit score
Lower your purchase price threshold

And always reach out to your mortgage expert for help!

#mortgagetips #mortgage #realestate #homeownership #firsttimehomebuyer #rates

When can you skip the stress test?

- Credit Unions, private lenders and alternative lenders are not required to use the stress test, although they still might choose to.

- If you renew with the same lender, they won’t stress test you again.

- If you switch your mortgage at renewal to another lender. This new rule applies to both insured and uninsured mortgages.

Reach out if you’re coming up for renewal and want to compare what’s out there.

#renewal #mortgage #homeownership #mortgagetips #mortgageupdate

When can you skip the stress test?

- Credit Unions, private lenders and alternative lenders are not required to use the stress test, although they still might choose to.

- If you renew with the same lender, they won’t stress test you again.

- If you switch your mortgage at renewal to another lender. This new rule applies to both insured and uninsured mortgages.

Reach out if you’re coming up for renewal and want to compare what’s out there.

#renewal #mortgage #homeownership #mortgagetips #mortgageupdate

Introduced in 2018, the mortgage stress test was set in place because of concerns over the amount of growing mortgage debt.

The idea behind it is that even if there was a sharp increase in rates, for example, 2%, the prospective buyer would still be able to afford the interest payments.

For the stress test, you have to prove you could afford to pay the higher of your contract rate plus 2% or 5.25%.

Need help qualifying? Get in touch.

#mortgage #stresstest #mortgagetips #homeownership #realestate

Introduced in 2018, the mortgage stress test was set in place because of concerns over the amount of growing mortgage debt.

The idea behind it is that even if there was a sharp increase in rates, for example, 2%, the prospective buyer would still be able to afford the interest payments.

For the stress test, you have to prove you could afford to pay the higher of your contract rate plus 2% or 5.25%.

Need help qualifying? Get in touch.

#mortgage #stresstest #mortgagetips #homeownership #realestate

If you are self-employed, get in touch with a Mortgage Expert. We have access to lenders that could allow you to gross up your NET business income by 25%. This will help you to purchase more!

Reach out if you need help getting pre-qualified!

#mortgage #affordmore #prequalify #homeownership #soleproprietor #businessforself #selfemployed #businessowner

If you are self-employed, get in touch with a Mortgage Expert. We have access to lenders that could allow you to gross up your NET business income by 25%. This will help you to purchase more!

Reach out if you need help getting pre-qualified!

#mortgage #affordmore #prequalify #homeownership #soleproprietor #businessforself #selfemployed #businessowner

Don’t choose a holiday as your closing day..

If you need help getting pre-approved reach out.

#mortgage #mortgagebroker #mortgagetips #homepurchase #realestate

Don’t choose a holiday as your closing day..

If you need help getting pre-approved reach out.

#mortgage #mortgagebroker #mortgagetips #homepurchase #realestate

New Anti-money laundering efforts:

Starting Oct 11, 2024 individuals and entities in the mortgage services industry will become reporting entities to PCMLTFA and its associated regulations. The compliance program must ensure that all due diligence, record keeping, and reporting obligations are met.

As Mortgage Experts we take the highest care when serving the public. Including developing an effective anti-money laundering and anti-terrorist financing compliance program. You are our highest priority!

So when your Mortgage Advisor asks for 90 days of Bank Statements, it’s not because we love paperwork. We need to be compliant to regulations.

Reach out for help getting pre-approved.

#mortgage #preapproved #homebuyer #newregulations #mortgagetips

New Anti-money laundering efforts:

Starting Oct 11, 2024 individuals and entities in the mortgage services industry will become reporting entities to PCMLTFA and its associated regulations. The compliance program must ensure that all due diligence, record keeping, and reporting obligations are met.

As Mortgage Experts we take the highest care when serving the public. Including developing an effective anti-money laundering and anti-terrorist financing compliance program. You are our highest priority!

So when your Mortgage Advisor asks for 90 days of Bank Statements, it’s not because we love paperwork. We need to be compliant to regulations.

Reach out for help getting pre-approved.

#mortgage #preapproved #homebuyer #newregulations #mortgagetips

When your income varies, lenders typically calculate your two year average and use that as your annual income. However, if your most recent year is lower they go with that number instead.

When working with a Mortgage Expert, we have access to lenders that will still allow you to use the 2yr average as long as the income variance is less than 20%.

What does this mean for you?
It means that you’ll be able to afford more.

Reach out to get pre-approved!

#preapproval #prequalify #mortgage #mortgagetips #realestate #firsttimehomebuyer

When your income varies, lenders typically calculate your two year average and use that as your annual income. However, if your most recent year is lower they go with that number instead.

When working with a Mortgage Expert, we have access to lenders that will still allow you to use the 2yr average as long as the income variance is less than 20%.

What does this mean for you?
It means that you’ll be able to afford more.

Reach out to get pre-approved!

#preapproval #prequalify #mortgage #mortgagetips #realestate #firsttimehomebuyer

The new changes allowing all buyers on new builds, and first-time buyers to have access to 30yr amortizations will have the effect of lowering monthly mortgage payments by about 9%.

If you need help getting approved, reach out.

#mortgage #mortgagebroker #mortgagetips #insuredmortgage #30yramortization

The new changes allowing all buyers on new builds, and first-time buyers to have access to 30yr amortizations will have the effect of lowering monthly mortgage payments by about 9%.

If you need help getting approved, reach out.

#mortgage #mortgagebroker #mortgagetips #insuredmortgage #30yramortization

Three new mortgage rule changes:

The changes will allow 1. All buyers to get a longer 30-year mortgage for a new build, 2. First-time buyers to get a similar term for all properties (both new and old), and 3. Buyers to get an insured loan on a home priced up to $1.5 million (versus $1.0 million currently).

Effective December 15, 2024.

Get in touch to get pre-approved.

#mortgage #mortgagebroker #realestate #realestateinvesting

Three new mortgage rule changes:

The changes will allow 1. All buyers to get a longer 30-year mortgage for a new build, 2. First-time buyers to get a similar term for all properties (both new and old), and 3. Buyers to get an insured loan on a home priced up to $1.5 million (versus $1.0 million currently).

Effective December 15, 2024.

Get in touch to get pre-approved.

#mortgage #mortgagebroker #realestate #realestateinvesting

5 Common Divorce Mistakes:

1. Keeping the house – even though it’s too expensive. Shouldering a massive mortgage payment on your own can be very challenging.

2. Paying too much for Legal help. Working with a team that can split things quickly, fairly, and with ease is crucial.

3. Unexpected Taxes. Selling the home and liquidating investments could surprise you at tax time.

4. Not budgeting for finance changes. Maintaining the same life style might not be so easy.

5. Ignoring estate planning. Family homes and vacation properties are still assets that matter and it would be nice to not have to give them up.

#mortgage #mortgagetips #realestate #homeownership #divorcerealestate

5 Common Divorce Mistakes:

1. Keeping the house – even though it’s too expensive. Shouldering a massive mortgage payment on your own can be very challenging.

2. Paying too much for Legal help. Working with a team that can split things quickly, fairly, and with ease is crucial.

3. Unexpected Taxes. Selling the home and liquidating investments could surprise you at tax time.

4. Not budgeting for finance changes. Maintaining the same life style might not be so easy.

5. Ignoring estate planning. Family homes and vacation properties are still assets that matter and it would be nice to not have to give them up.

#mortgage #mortgagetips #realestate #homeownership #divorcerealestate

With a softer market and rates on the decline, now is a great time to get the best of both worlds. Get a great purchase price and take advantage of upcoming lower rates.

#rates #homepurchase #mortgage #firsttimehomebuyer

With a softer market and rates on the decline, now is a great time to get the best of both worlds. Get a great purchase price and take advantage of upcoming lower rates.

#rates #homepurchase #mortgage #firsttimehomebuyer

“If you fail to plan, you plan to fail.” Benjamin Franklin

Reach out to a Mortgage Specialist ahead of time and let them help you plan to succeed.

#mortgage #mortgagetips #homeownership #homebuyer #firsttimehomebuyer

“If you fail to plan, you plan to fail.” Benjamin Franklin

Reach out to a Mortgage Specialist ahead of time and let them help you plan to succeed.

#mortgage #mortgagetips #homeownership #homebuyer #firsttimehomebuyer

When it comes to alternative lending, your unique story can be as crucial as your financials when it comes to setting up a mortgage.

Underwriters are going to look at the 5 Cs of Credit—character, capacity, capital, collateral, and credit—this will help them to better understand your situation and find a way to make the deal work.

I’m here to help!

#alternativelending #homebuyer #credit #mortgage #mortgagetips

When it comes to alternative lending, your unique story can be as crucial as your financials when it comes to setting up a mortgage.

Underwriters are going to look at the 5 Cs of Credit—character, capacity, capital, collateral, and credit—this will help them to better understand your situation and find a way to make the deal work.

I’m here to help!

#alternativelending #homebuyer #credit #mortgage #mortgagetips

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FOLLOW FOR MORTGAGE TIPS

Karen Olson, Mortgage Specialist, serving Vancouver, British Columbia, and Canada.

CONTACT US

604.961.6280 KAREN.OLSON@DOMINIONLENDING.CA

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Vancouver, BC 
V6P 6G5

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