Tom Le Mortgages

Tom Le Mortgages Working with you to find the best mortgage financing solution. I work for you and not the bank! My career gradually progress once I graduated from BCIT.

I started my career in the banking industry with Td Canada Trust in 2004 as a bank teller while attending BCIT studying financial management. I worked various roles at Td, including customer service rep, customer relation coordinator, financial service rep, financial advisor, and mobile mortgage specialist from 2004 to 2011. In 2011 I transitioned to a licensed mortgage sub-broker under Verico Par

agon and the next 10 years was a tug a war between my first home (TD) and being an independent broker. There's benefits to both side of the fence but at the end of the day, I go to where I can help and serve my clients. Ever since I became a mortgage agent, I have always utilize the education I've gain from BCIT in Financial Management and the experience in the industry over the years to help my clients finding the right mortgage solution. Every client has his or her own unique situation, so if I offer every client the same mortgage solution I don't think I've have accomplish my goal of providing the most sound and expertise advice possible. To be able to help so many people over the years with the biggest investment of their life makes me feel i chose the right career path. I can proudly say that I have a vast amount of experience in banking and mortgage lending to be able to help more and more clients...

For the foreseeable future, I will continue to help lower mainland residence with their real estate secured lending needs.

If you or anyone you know that needs a mortgage please help me help them! Send them my way for sound and expert solutio...
05/14/2024

If you or anyone you know that needs a mortgage please help me help them! Send them my way for sound and expert solutions!

Here's a recap of approvals for April:

1. 1.4 mil BFS stated income deal approved through a B lender. In this scenerio, client have not filed his taxes and I was able to get him a 1.4mil mortgage approved through a B lender under the business stated income program using 12 months business bank statement as an alternate form of income confirmation.

2. 649k CMHC insured purchase. This one is straight forward income qualified deal but i was able to secured client with 4.79% for 3 year fixed.

3. 300k Private 3rd position mortgage without appraisal. Client has existing 1st and 2nd position helocs with 2 different lenders and i was able to get a private lender to go in 3rd position at a reasonable private rate of 11.5%. and without appraisal as the lender was comfortable with bc assessed value.

4. 750k New to canada file. This one was a bit challenging with clients previous bank (they are not so good with new immigrant files) but was able to secured client at another financial institution.

5. 700k Rental purchase. Was able to secured client with a 700k rental purchase at an A lender with a very good rate.
I pretty much touch all different types of lending policies in April!
EXPERIENCE you can count on!

Some positive changes to help first time home buyer coming out of Ottawa!!!1. Canada to allow 30 years amortization for...
04/12/2024

Some positive changes to help first time home buyer coming out of Ottawa!!!

1. Canada to allow 30 years amortization for First-time buyers with down payment less than 20% (CMHC insured mortgage). Effective August 1st, 2024. This will definitely help with qualifying for a mortgage and the ability to pay for a mortgage (monthly payment is lower with 30 years amortization)

2. First Time Home buyer are allow to withdraw UP TO $60,000 TAX FREE to put towards the down payment to purchase a home. Previous limit was $35,000. Together with the introduction of First Home Savings Account last year; First Time Home Buyers are able to take advantage of tax savings while saving up to buy a first home.

These 2 changes are actually real changes that will really help affordability for Canadians. Finally!!!!

Hi Everyone,Just want to do a post to bring to light the 2 most asked question in my 15 years career.Is it a good time t...
03/25/2024

Hi Everyone,

Just want to do a post to bring to light the 2 most asked question in my 15 years career.

Is it a good time to buy?

Should i go with a fixed rate or a variable rate mortgage?

Quite frankly, before I can provide my opinion to my clients on these 2 questions, I would need to sit down and really understand clients financial and personal situation. I would need to have a deep understanding of where they are in life and what type of knowledge and risk tolerance before I can explain to them the pros and cons of the choices and provide my professional and expert recommendation.

There's really not a right or a wrong answer because everyone and every situation is different. My job as a professional is to be able to understand my clients needs and provide enough information that they are comfortable with the decision they making.

I have so much knowledge and experience that I want to pass to my clients for them to be well inform and to be confidence in this ever changing market.

Simply a few words wont justify the amount of information and knowledge that I can provide with my 15 years experience so if you or anyone you know that needs some expert knowledge and advice, please feel free to contact me and i'll make sure you'll be enlighten and informed.

03/06/2024

As expected, Bank of Canada kept rate at 5%. This is not the news that all normal Canadians wants to hear. Policy makers need to hear it from the normal mom and pops what this last 2 years have been like for normal Canadians. In tough times like this, being conservative will win them votes and job security but come on! Enough is enough already, we all need a break! Drop the rates already!!!

03/01/2024

First time homebuyer incentive cancelled. I'm not surprised by this at all because no one was able to use this incentive, especially in B.C. The biggest failed ever! More of a smoke screen from the government than anything.

Canada's housing agency says it is ending the first-time homebuyer incentive program.
Canada Mortgage and Housing Corp. says(opens in a new tab) the deadline for new or updated submissions to the program is midnight eastern time on March 21.
The plan was meant to help reduce monthly mortgage payments for first-time buyers by having the government take on partial ownership of a property.

The government offered a loan up to 10 per cent of the purchase price that would go toward a larger down payment and thereby reduce monthly payments.
Homeowners have to repay the incentive after 25 years or when the property is sold, with the amount owing adjusted to reflect how the value of the property has changed.
The program was hampered in part by eligibility issues including limits to household income and the size of a mortgage the buyer could take on.

Open house this Saturday 2-4pm! Contact Simon Lu 778 688 6838
04/04/2023

Open house this Saturday 2-4pm! Contact Simon Lu 778 688 6838

Hot New listing - Tony Nguyen Sutton Group - open house this weekend April 1st 2-4pm, April 2nd 3-5pm!
03/28/2023

Hot New listing - Tony Nguyen Sutton Group - open house this weekend April 1st 2-4pm, April 2nd 3-5pm!

Just listed!! OPEN HOUSE this weekend March 25 / March 26 2-4pm 206-6000 McKay Ave, Burnaby, BC. Metrotown Station Squa...
03/22/2023

Just listed!! OPEN HOUSE this weekend March 25 / March 26 2-4pm

206-6000 McKay Ave, Burnaby, BC. Metrotown Station Square tower 5!

Investor alert!New listing in Squamish BCB304-40120 Willow Crescent, Squamish, BC Open house this Sat March 25 2-4pm, Su...
03/22/2023

Investor alert!

New listing in Squamish BC

B304-40120 Willow Crescent, Squamish, BC Open house this Sat March 25 2-4pm, Sun March 26 2-4pm

03/15/2023

Bond yields coming down, mortgage fixed rate likely to follow!

Address

201A-9000 Bill Fox Way
Burnaby, BC
V5J5J3

Telephone

+16045054686

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