Ben Thompson The Mortgage-Mate

03/08/2026

ai is moving fast so we better learn how to work with it

If we adapt it won’t replace you (at least not yet)

if it does…we’re all going to mexico to hangout in the sun

03/06/2026

Would you rather lower your payment… or be mortgage-free sooner?

03/04/2026

2 ways to deal with our record setting debt and banks record setting profit

03/02/2026

Your equity is great but it has nothing to do with making your mortgage payments.

Ask yourself what your monthly debt load is and what’s left over?

Equity is helpful but not going to get you the approval.

Your income, with margin, is what gets you approved.

02/04/2026

$915/month.

That’s $10,980 a year.
Before insurance. Gas. Maintenance. Depreciation.

That payment alone can cut your buying power by over $100,000.

And even if you’re not buying…

What does $11K a year invested instead of depreciating look like over 10 years?

Don’t upgrade you car before you upgrade your net worth.

02/03/2026

Just because the bank says you’re approved doesn’t mean you can afford it.

The bank doesn’t care about your life budget for other s**t you want to spend your money on. Going max approval is a terrible idea in most cases.

If you want the budget template I use with clients to plan it right, DM me ‘BUDGET

01/30/2026

If Canada’s population growth hits zero…
what happens to housing demand?

Does affordability improve?
Or does the problem just get pushed forward?

01/29/2026

$775,000 | Peachland, BC
58-second walk to Okanagan Lake

Updated 4-bed, 2-bath home on a large lot in the Peachland Flats with a fully finished backyard :
✔️ Covered deck
✔️ Firepit + entertaining space
✔️ Irrigated yard, garden boxes & storage
✔️ RV access + rear gate to trails, courts, shops & the beach

2 common scenarios in our Mortgage Breakdown —minimum down vs. 20% down changes both the monthly payment and the household income needed.

📍 4142 San Clemente Avenue, Peachland
🔍 MLS® #10369069
📞 For details or showings:

💬 Questions about financing?
If you want to run your numbers, send me a DM. I’ve got you covered.

01/28/2026

01/28/2026

BOC Rate Update: 0% Change.

Policy is 2.25%
Prime is 4.45%

Most big banks (RBC, TD, CIBC) now expect the BoC to stay at 2.25% for all of 2026.

Is 2.25% the new floor ?

If you want a breakdown of what this actually means for your mortgage, message me.

Happy to walk through it.

(Airplane museum in Kelowna is a must see)

01/27/2026

Banks broke profit records, and Canadians broke debt records. It makes perfect sense…but do you trust them to have your best interest ?

01/21/2026

there’s no getting away from the rate change… but you can control a few things to soften the paymet blow.

if I was renewing this year, here’s exactly what I’d be doing (and what I help my clients do every day):

1️⃣ talk to a broker before your renewal letter arrives — it gives you leverage when it does.

2️⃣ let your lender make their first offer, then see if it’s competitive and holds up.

3️⃣ ask about blended rates or longer amortizations… small changes can mean hundreds in savings.

4️⃣ lock early (120-day holds protect you) — and if rates dip again, auto re-lock at the lower rate.

5️⃣ run your numbers early… knowing what your new payment looks like gives you room to plan ahead.

bonus tips ↓
➖if you can, make a small lump-sum prepayment before renewal (even 5–10 % of your balance can shave hundreds off monthly payments)

➖if you’re considering switching to variable, rates are sitting around 3.65 % right now just make sure it fits your risk tolerance.

Your goal isn’t to switch lenders for the sake of it… it’s to understand every option before your lender shows their hand.

want me to review your mortgage renewal , DM me RENEWAL