Mark Burry - Mortgage Broker

Mark Burry - Mortgage Broker Your friendly local Mortgage Broker based right here in Central NL.

Stop treating your mortgage like a BILL, and start treating it like a TOOL to achieve your financial goals.
👉Click to Book a Free Chat: https://calendly.com/mark-burry-ecmb/30min

One of the most common conversations I have with clients is **fixed vs. variable** — and understandably, the word 'varia...
08/26/2026

One of the most common conversations I have with clients is **fixed vs. variable** — and understandably, the word 'variable' still makes a lot of people nervous.
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So I wanted to break down why I think variable mortgages deserve a closer look right now.

Fixed mortgage rates have been trending higher all year 📈, while variable rates have been relatively steady, and A LOT lower 📉. That creates an interesting option for borrowers who want flexibility without committing to today’s fixed-rate environment.

➡One strategy worth considering: Take the variable rate now, wait for fixed rates to normalize, then lock into the fixed rate you've been waiting for with no penalty. This could save you thousands in interest.

Variable mortgages also generally offer a much more favourable penalty calculation if your plans change along the way, and you need to sell your home, switch to a new bank, or refinance.

That doesn’t mean variable is automatically the right choice for everyone. Your income, budget, risk tolerance, future plans and overall financial picture all matter. This post is general information, not individual mortgage advice.

If you’re trying to decide between fixed and variable, let’s have the conversation. I’ll walk you through the numbers, explain the trade-offs, and help you choose the option that makes the most sense for *your* situation.

Together, we’ve got this!

Mark Burry
Mortgage Broker
📞 (709) 699-0595
✉️ [email protected]
NL License: 25-08-MB462-1

Congratulations to my clients on the successful purchase of their first home! 🏡This one went incredibly smoothly from st...
08/25/2026

Congratulations to my clients on the successful purchase of their first home! 🏡

This one went incredibly smoothly from start to finish. The buyers were fantastic to work with, and I’m grateful for the opportunity to help them through such an exciting milestone.

Wishing you many happy years, great memories, and all the best in your new home. Congratulations! 🎉

As always, reach out if you're in the market for a new home and want to get going on a pre-approval, or if you simply want to understand your options and what you may qualify for before you start shopping. Cheers!

Mark Burry - Mortgage Broker
East Coast Mortgage Brokers
📞 (709) 699-0595
✉️ [email protected]

One of the questions buyers often ask before getting pre-approved is:“What happens to my credit?” 🤔That is where we are ...
08/23/2026

One of the questions buyers often ask before getting pre-approved is:
“What happens to my credit?” 🤔

That is where we are going next week. 👇🏻

We will look at:
• Why credit is part of the mortgage process
• What lenders may look at
• How existing debts fit into the picture
• What buyers should know before applying
• How to prepare before beginning the process

Credit can feel complicated when you do not know what is being reviewed.

So next week, the Leslie Penney Team is going to break it down in plain language.

No scare tactics.

No complicated terminology.

Just practical information to help you understand what to expect.

If buying is on your radar, keep following along.

Mark Burry | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.699.0595 🌐 LesliePenney.ca

Together, we've got this. 🤍

Some things are better when they are not rushed.Buying a home can be one of them.After a few weekends of listings, open ...
08/22/2026

Some things are better when they are not rushed.

Buying a home can be one of them.

After a few weekends of listings, open houses and viewings, it can be easy to wonder:

“Should I have found something by now?”

There is nothing wrong with taking your time.

The right home has to work for more than a mortgage application.

It has to work for your mornings.

Your evenings.

Your family.

Your routines.

Your future plans.

Sometimes being prepared gives you the confidence to say:

Not this one. We'll keep looking.

If you are out house hunting around Newfoundland and Labrador this weekend, enjoy the process.

The right home is worth waiting for. 🏡

Have a great weekend. 🤍

Mark Burry | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.699.0595 🌐 LesliePenney.ca

Together, we've got this.

Pre-Approval FAQ 💭👇🏻“Do I have to start all over if my pre-approval is getting old?” 🤔Usually, I would look at it differ...
08/21/2026

Pre-Approval FAQ 💭👇🏻

“Do I have to start all over if my pre-approval is getting old?” 🤔

Usually, I would look at it differently.

We review and refresh.

If you have been house hunting for a while, some of the information used when your pre-approval was prepared may need updating.

That could include:
• Pay stubs
• Employment information
• Bank statements
• Down-payment records
• Current debts

We also look at whether anything else has changed.

Maybe you have saved more.

Maybe your income changed.

Maybe you paid off a debt.

Maybe your comfortable budget looks a little different now.

The goal is simply to make sure you are working with current information.

You already did the work to get prepared.

Now we make sure you stay prepared.

House hunting this weekend? 🏡

Enjoy it. And if your pre-approval has been sitting for a while, we can always take another look. 😊

Together, we've got this. 🤍

Mark Burry | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.699.0595 🌐 LesliePenney.ca

Your rate hold is getting closer to its end, but you still haven't found a home. Now what? 🤔Simple.We review the plan.Th...
08/20/2026

Your rate hold is getting closer to its end, but you still haven't found a home. Now what? 🤔

Simple.

We review the plan.

That might mean looking at:

✔ Current documents
✔ Income and employment
✔ Down-payment funds
✔ Existing debts
✔ Your purchasing range
✔ What still feels comfortable

And then?
You keep looking. 🏡

You do not need to force a purchase simply because the original timeline is getting longer.

A mortgage plan should support the search for the right home, not rush it.

Review. Refresh. Keep looking. 😊

The Leslie Penney Team is here to help keep everything current while you search.

Together, we've got this. 🤍

Mark Burry | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.699.0595 🌐 LesliePenney.ca

Still house hunting after getting pre-approved? 🏠Here are four things worth checking as your search continues:1. Your ra...
08/18/2026

Still house hunting after getting pre-approved? 🏠

Here are four things worth checking as your search continues:

1. Your rate-hold date
Know when it is coming up so we have time to review the next step.

2. Your documents
Keep recent income, employment and banking documents organized. Updated
versions may be needed as time passes.

3. Your financial picture
If something changes with your income, employment, debts or down-payment funds, let us know.

4. Your comfortable budget
The range you started with should still make sense for your life today.

And if you still have not found the right home?
Keep looking.

You do not need to force the wrong purchase because of a date on the calendar.
Getting prepared matters.

Staying prepared while you search matters too.

The Leslie Penney Team is here to help keep your mortgage plan current.

Together, we've got this. 🤍

Mark Burry | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.699.0595 🌐 LesliePenney.ca

How long does a mortgage pre-approval last? 🏡You got prepared.You started house hunting.But weeks have passed and you st...
08/17/2026

How long does a mortgage pre-approval last? 🏡

You got prepared.

You started house hunting.

But weeks have passed and you still have not found the right home.

Now what?

First, do not panic and do not rush.

A few things may simply need another look:

✔ Your rate-hold date
✔ Your income and financial documents
✔ Your down-payment funds
✔ Any changes to your income or debts
✔ Your comfortable purchasing range

A mortgage pre-approval was built around your financial picture at a particular point in time.

As your home search continues, we want to make sure that picture is still current.
Sometimes that means updating documents.

Sometimes it means reviewing the numbers again.

And sometimes nothing meaningful has changed at all.

The important thing is that you do not need to buy the wrong home just because time has passed.

This week, the Leslie Penney Team is talking about how to stay prepared while you search.

Because getting prepared is step one.

Staying prepared until the right home comes along is step two.

Mark Burry | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.699.0595 🌐 LesliePenney.ca

Together, we've got this. 🤍

How Long Does a Mortgage Pre-Approval Last?Rate holds.Updated documents.When to review your plan again.A good Sunday is ...
08/16/2026

How Long Does a Mortgage Pre-Approval Last?

Rate holds.
Updated documents.
When to review your plan again.

A good Sunday is usually part rest and part getting organized for the week ahead.
The same idea applies when you are planning to buy a home.

A mortgage pre-approval is based on information available at a particular point in time, and if your home search continues for a while, there may come a point when documents need updating or the plan should be reviewed again.

So next week, I am answering another common buyer question:

How long does a mortgage pre-approval last?

We will look at:

• How rate holds fit into the process
• When financial documents may need updating
• What to do if you have not found a home yet
• When it makes sense to review your purchasing range again

If buying is on your radar, I want you to understand not only how to get prepared, but how to stay prepared.

Enjoy the rest of your weekend.
Together, we’ve got this. 🤍

Mark Burry | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.699.0595 🌐 LesliePenney.ca

There is a lot to think about when you are buying a home.Numbers. Documents. Listings. Viewings. Offers.But somewhere in...
08/15/2026

There is a lot to think about when you are buying a home.

Numbers. Documents. Listings. Viewings. Offers.

But somewhere in all of that, it is worth remembering what you are actually working toward.

A place for Saturday mornings.

Family dinners.

Friends dropping by.

A backyard, a view, a neighbourhood or simply a front door that feels like yours.

Preparation matters because it gives you more room to enjoy those moments instead of feeling rushed through every decision.

If you are out viewing homes around Newfoundland and Labrador this weekend, enjoy it.

You are not just looking at houses.

You are figuring out what home looks like for you.

Have a great weekend.

Together, we’ve got this. 🤍

Mark Burry | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.699.0595 🌐LesliePenney.ca

Address

Glovertown, NL

Telephone

+17096990595

Website

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