Brad Wadden Mortgage Broker Services

04/05/2026

It’s fly day, back to reality as the Estate Mortgage Rewards Trip is a wrap. Thanks to all my clients and referral sources that continue to help me earn these trips.

01/28/2026

This is great news, removing the stress test will increase an applicant’s buying power. Mortgage applicants currently have to qualify at 2% higher than the rate their lender is offering.

OSFI releases its quarterly update Thursday, with some analysts expecting at least some direction on the future of the stress test.

01/01/2026

Happy New Year!

03/27/2025

Many Canadians are up for mortgage renewal in the next few years.

I’d like to put this piece of advice out there:

**When it comes to your mortgage, you need to consider more than just the rate.

Mortgages are not created equally. You should know the features of the mortgage (interest rate, pre-payment privileges, penalty to break the mortgage early, and portability) before you sign your renewal.

Here’s an example:

A client went with their bank and chose a 5.09% 5-year fixed over a 5.14% 5-year that a mortgage broker offered.

The bank offer sounds better because of the lower rate until 2.5 years later they wanted to break the mortgage early.

They had a $14,000+ fee for breaking the mortgage early. Looking back at the other option they had at the time, the 5.14% mortgage had a $2,800 fee.

They saved $250 over the 2.5 years with the slightly lower rate, but it cost them $11,000+ more to break so in the end they lost.

This is the kind of stuff that I chat about with clients. Banks typically only offer their products. ..This was me many moons ago when I worked for the bank, I only offered their product and had no idea how penalties were calculated differently by other lenders.

Mortgage brokers work FOR you not the lender.

If your mortgage is up for renewal feel free to reach out for a chat.

03/13/2025

Bank of Canada slashes the overnight rate by another 0.25%. Great news for variable rate mortgage holders!

01/31/2025

I saw this meme today and had to post it. It is always best to start the home buying process by getting pre-approved and yes some do make offers on homes without knowing if they qualify to make the offer.

01/29/2025

The bank of Canada drops their rate by .25%, hopefully we see many more drops in 2025!

01/10/2025

Good luck to the Halifax Macs at the Ice Jam tournament this weekend! Their next game is at 5:00 pm today and if you hear a loud Shrek like character cheering them on come over and say hello.

01/09/2025

Late Post Alert!

2024 has passed and I just wanted to say thank you to all my awesome clients and referral sources. Thanks for using my services and helping me earn another Platinum Cicrle Estate Mortgage Centre reward trip for Tania and I. This year we are headed to Azores, over the past 10 years I have travelled all over the world with Estate Mortgage.

01/07/2025

Get a second opinion before you sign the renewal offer. If your mortgage is up for renewal this year, you owe it to yourself to discuss the offer before you sign it. Call me or message me to discuss the options that may be available to you.

Over 70% of borrowers just sign their current lender’s offer without seeing what else is out there. There are a lot of features to consider; mortgage rate, prepayment privileges, penalties if you were to break the mortgage early, portability, fixed rate or variable rate?

Depending on your financial situation it may make sense to consolidate your debts and lower your monthly payments.

01/01/2025

I hope everyone has the best 2025!