NL Mortgage Group

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NL Mortgage Group Brian Patey | Nichola Patey | Cindy Patey
Western NL | 35+ years experience
🏡 Mortgage Guidance Made Simple
•Helping you find the right mortgage•

Hi, let me introduce myself. I have been in the financial services industry since 1986 and providing the highest level of customer service as well as the most competitive products in the market has always been my top priority. These two things go together and one doesn't work without the other. As a Mortgage Group Professional, I offer one-stop convenience and impartial advice. Different financial Institutions and Lenders offer a wide range of mortgage rates, terms, and conditions. By shopping wisely, I can find the mortgage that best suits your financial needs. As your Mortgage Group Professional I will help you understand how different rates, terms and conditions can affect the lifetime cost of your home, your monthly payments and financial flexibility . By presenting your requirements to a variety of Canada's major Lenders, your mortgage can be secured at lower than advertised rates, usually within hours and most often free of charge (oac). I am available 7 days a week and look forward to serving you. "Good mortgage advice doesn't cost..............It pays!"

On September 30, we recognize the National Day for Truth and Reconciliation.It is a day to listen, reflect and honour re...
09/30/2026

On September 30, we recognize the National Day for Truth and Reconciliation.

It is a day to listen, reflect and honour residential school Survivors, the children who never returned home, and their families and communities.

We are grateful for the opportunity to keep learning from Indigenous communities whose lands we live and work on.

For many homeowners aged 55 and older, the goal is straightforward: stay in the home they know and have a little more ro...
09/28/2026

For many homeowners aged 55 and older, the goal is straightforward: stay in the home they know and have a little more room in the monthly budget.

An Equity Advantage Solution may allow eligible homeowners to access some of the value built up in their home without selling it.

There are different ways to use home equity, and each comes with its own costs and considerations. It’s important to understand how the option works and what it could mean for the equity remaining in your home.

If you’re considering this in Corner Brook or elsewhere in Newfoundland and Labrador, I can explain the available options. You’re welcome to include a family member in the conversation.

Get The Right Mortgage Tailored For You
bit.ly/NL-Mortgage-Group
(709) 632-9800
Brian Patey – Mortgage Broker
TMG The Mortgage Group Inc.

Does buying a rental property always require a 20% down payment?Not if you plan to live in one of the units.With eligibl...
09/25/2026

Does buying a rental property always require a 20% down payment?

Not if you plan to live in one of the units.

With eligible owner-occupied financing, a two-unit property may require 5% on the first $500,000 of the purchase price and 10% on the portion above that. Owner-occupied properties with three or four units generally require at least 10% down.

You would also be taking on the responsibilities of a landlord while living on the property, which won’t suit everyone.

If a detached home is feeling out of reach in Corner Brook or elsewhere in Newfoundland and Labrador, an owner-occupied multi-unit property may be worth considering. I can help you compare the numbers and qualification requirements.

Get The Right Mortgage Tailored For You
bit.ly/NL-Mortgage-Group
(709) 632-9800
Brian Patey – Mortgage Broker
TMG The Mortgage Group Inc.

Selling one home while buying another can leave you with two different closing dates.If the new home closes first, the m...
09/21/2026

Selling one home while buying another can leave you with two different closing dates.

If the new home closes first, the money tied up in your current property may not be available when you need it. Bridge financing is a short-term loan that can provide access to some of that expected equity until the sale closes.

You’ll generally need a firm sale agreement, and the financing is subject to lender approval, interest and fees.

If you’re planning a move in Corner Brook or elsewhere in Newfoundland and Labrador, bring up the closing dates early. I can help you understand whether bridge financing may be an option and what will be needed.

Get The Right Mortgage Tailored For You
bit.ly/NL-Mortgage-Group
(709) 632-9800
Brian Patey – Mortgage Broker
TMG The Mortgage Group Inc.

Saving your down payment is a major step, but it isn’t the only amount you’ll need when buying a home.Closing costs may ...
09/18/2026

Saving your down payment is a major step, but it isn’t the only amount you’ll need when buying a home.

Closing costs may include legal fees, deed and mortgage registration fees, title insurance and adjustments for expenses the seller has already paid, such as property taxes.

The amount will vary with the home and the details of the purchase. Planning for it early means you’re less likely to be caught off guard when your lawyer provides the final figures.

If you’re buying in Corner Brook or elsewhere in Newfoundland and Labrador, I can help you include these costs in your home-buying plan.

Get The Right Mortgage Tailored For You
bit.ly/NL-Mortgage-Group
(709) 632-9800
Brian Patey – Mortgage Broker
TMG The Mortgage Group Inc.

Thinking about closing an old credit card before applying for a mortgage?It may feel like the responsible thing to do, b...
09/15/2026

Thinking about closing an old credit card before applying for a mortgage?

It may feel like the responsible thing to do, but it could affect your credit score. An older account contributes to your credit history, and its limit forms part of your available credit. Closing it may make the balances on your other cards look higher in comparison.

That doesn’t mean every old account should stay open. It means it’s worth reviewing your credit before making changes.

If you’re hoping to buy next year in Corner Brook or elsewhere in Newfoundland and Labrador, I can explain what lenders look for and help you prepare for the mortgage application.

Get The Right Mortgage Tailored For You
bit.ly/NL-Mortgage-Group
(709) 632-9800
Brian Patey – Mortgage Broker
TMG The Mortgage Group Inc.

Did an online calculator give you a higher number than your pre-approval?Online calculators can provide a helpful estima...
09/12/2026

Did an online calculator give you a higher number than your pre-approval?

Online calculators can provide a helpful estimate, but they do not always reflect how a lender will review your application.

In many cases, you must qualify at the higher of 5.25% or your mortgage rate plus 2%. Your income, existing debts and property costs are also considered. This can leave you with a different number than the calculator suggested.

Knowing what you can realistically qualify for before viewing homes helps keep your search focused. If you’re planning to buy in Corner Brook or elsewhere in Newfoundland and Labrador, I can go through the numbers with you.

Get The Right Mortgage Tailored For You
bit.ly/NL-Mortgage-Group
(709) 632-9800
Brian Patey – Mortgage Broker
TMG The Mortgage Group Inc.

A renewal letter is an offer, not your only option.Moving your existing mortgage balance and remaining amortization to a...
09/09/2026

A renewal letter is an offer, not your only option.

Moving your existing mortgage balance and remaining amortization to another lender, without borrowing additional money, is generally considered a switch.

If you want to increase the mortgage amount or extend the amortization, that is usually a refinance. It can involve different costs, qualification requirements and paperwork.

If your renewal is approaching, I can help you understand which option fits what you’re trying to do and compare the choices available in Corner Brook and throughout Newfoundland and Labrador.

Get The Right Mortgage Tailored For You
bit.ly/NL-Mortgage-Group
(709) 632-9800
Brian Patey – Mortgage Broker
TMG The Mortgage Group Inc.

Happy Labour Day Weekend!However you’re spending the long weekend, we hope it gives you a chance to slow down, catch you...
09/07/2026

Happy Labour Day Weekend!

However you’re spending the long weekend, we hope it gives you a chance to slow down, catch your breath and enjoy some time with the people who matter most.

Get The Right Mortgage Tailored For You
bit.ly/NL-Mortgage-Group
(709) 632-9800
Brian Patey – Mortgage Broker
TMG The Mortgage Group Inc.

The fall buying window in Newfoundland and Labrador can feel short. Activity often picks up after Labour Day, then begin...
09/05/2026

The fall buying window in Newfoundland and Labrador can feel short. Activity often picks up after Labour Day, then begins to slow as the weather changes and the year winds down.

If the right home comes up, it helps to already know what price range fits and what your financing could look like. It doesn’t mean you have to buy. It simply puts you in a better position to make a clear decision.

If you’ve been watching the market, send me a message. We can go over your numbers before you find the property.

Get The Right Mortgage Tailored For You
bit.ly/NL-Mortgage-Group
(709) 632-9800
Brian Patey – Mortgage Broker
TMG The Mortgage Group Inc.

Address

49/51 Park Street
Corner Brook, NL
A2H1C4

Telephone

+17096329800

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