Lowell Harding - Compass Mortgage Group

10/29/2025

Choosing between a fixed and variable mortgage? Let’s break it down:

Fixed Rate: Steady interest rate and predictable payments, great for peace of mind in a changing rate environment.

Variable Rate: Tied to the Bank of Canada’s benchmark rates; you could save when rates drop but pay more if they rise.

Not sure which is right for you? Let’s assess your comfort level and financial goals!

10/24/2025

Planning to buy a home? Start with your credit score! A higher score can unlock lower rates and better mortgage terms. Check your report, settle those bills on time, and keep those balances low. Need tips on boosting your score? DM us today! 🏡💳

10/22/2025

Whether you’re just starting with 5% or aiming high with 20%, saving doesn’t have to be daunting! Automate your savings, tap into tax-advantaged accounts like a TFSA or RRSP, and trim those everyday expenses (goodbye, daily double-double!). Ready to speed up your savings and grow your down payment fund? Let’s discuss your strategy.

10/17/2025

Before diving into weekend house-hunting, take a moment to breathe and visualize your future home. Picture a cozy reading nook, a garden, or that perfect backyard retreat. A calm mind now leads to better decisions later.

10/15/2025

Just like kids grow, your financial needs can change too! Whether you're looking to:
✔️ Upgrade to a bigger home
✔️ Tap into your home equity
✔️ Secure a better rate

Your mortgage should grow with you. Let’s explore your options and ensure your mortgage fits your goals today and in the future.

📲 Contact me to get started!

10/13/2025

10/10/2025

The Ultimate Movie Night Setup 🍿🎬

A perfect movie night at home needs…
📽️ A big screen
🛋️ Cozy blankets
🍕 Unlimited snacks
✨ Mood lighting
What’s your go-to movie night must-have?

10/08/2025

Closing day brings more than just keys—you might encounter appraisal fees, legal charges, and a little something extra for the GST/HST in new builds. Knowing what to expect means fewer surprises and more celebrating when you cross that threshold! Let’s break down the numbers so you can walk into your new home with confidence.

10/03/2025

Navigating the mortgage maze? 🏡 Understanding the stress test can make all the difference! It ensures you can handle higher rates, shaping how much you can borrow. Do you have questions? Drop them below! 👇

10/01/2025

🏡 Building your dream home starts with the right team!

From architects to builders, every professional plays a crucial role in bringing your vision to life. But don’t forget one key player: a mortgage professional! 💼

Here’s why:
✔️ Find the perfect financing solution for your custom home
✔️ Navigate construction loans and mortgage options with ease
✔️ Stay on budget while creating the home you’ve always imagined

Let’s make your dream home a reality—together! 📲 Contact me to explore your financing options today.

09/26/2025

Houseplant Challenge! 🌿🏡

How many plants do you have in your home?
1️⃣ 0 – Fake plants count, right?
2️⃣ 1-5 – Just a few to keep it fresh!
3️⃣ 6-10 – It’s a mini jungle in here!
4️⃣ 10+ – I might be part plant myself.
Drop your plant count below! 🌿👇

09/24/2025

Amortization vs. Term—what’s the difference? Understanding these two key concepts can save you time, money, and stress on your homeownership journey.

Here’s the breakdown:

Amortization: Think of it as the overall lifespan of your mortgage—often 25 years in Canada. It’s the “big picture” timeline for paying off your loan in full.

Term: A shorter chunk of time (commonly 5 years) within your amortization. It’s the “chapter” of your mortgage where your interest rate and conditions are locked in. When the term ends, you’ll renew or renegotiate, but the full amortization timeline stays the same.

Why does it matter?

Amortization affects the size of your regular payments and total interest over the life of the loan.

Term affects your interest rate and mortgage conditions in the short run. Renewing every few years means you can potentially score a better rate or adjust your mortgage strategy as the market changes.

Have questions about choosing the right amortization or navigating term renewals in Canada? Let’s chat and make your mortgage journey clearer!