Derrick Johnston, Mortgage Agent

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Derrick Johnston, Mortgage Agent

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Mortgage Agent, Level 2
BRX Mortgage
FSRA #: 13463 Ready to submit a mortgage application?

https://mortgages-by-derrick.mtg-app.com/signup?refId=ede4cd97-df7e-4650-ad2d-7c8557e2ab69

10/28/2026

The Bank of Canada raised its overnight rate by 0.25% today.

Here’s what that means for you:

📈 Variable or HELOC? Your lender’s prime rate goes up, and your rate goes with it. If you have a fixed payment, more of each payment now goes to interest.

🔒 Fixed rate? Nothing changes until your renewal. New fixed rates move with bond yields, not this announcement.

🗓️ Renewing in the next 12 months? Now is a good time to talk. We can hold a rate for you and compare your options before your date.

Questions? Send me a DM or call 519-636-4796.

Derrick Johnston, Mortgage Agent
BRX Mortgage | FSRA Brokerage Licence #13463

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10/27/2026

Most people associate stress with negativity, but stress can be positive and negative. Fun fact, positive stress is called eustress.

The stress test applied when getting a mortgage is for your own protection. In fact, it saved a lot of people that bought during the peak of pricing back in 2021 and 2022.

If you’re in the market to buy and that online calculator is telling you your budget, you might want to make sure you’ve factored in the stress test. Or, simply call me and I’ll take the stress out of the stress test.

10/21/2026

The timing of your gifted funds matters.

Money gifted just before closing is worth whatever your parents give you.

Receiving those funds now and strategically depositing them in FHSA’s and RRSP’s can give you free money.

Gove this and share and reach out if you have questions.

10/16/2026

What would $100k a year in passive income mean to you?

Here’s my honest snapshot of the BRX revenue share program right now:

5 agents in my Tier 1
3 agents in my Tier 2
My best rev share month so far: $1,936

Not every month looks like that yet. But it showed me what this can become.

Over the next few years I expect those numbers to triple. The end goal is simple: $100k a year coming in from rev share.

For me, that means more time with my family and fewer “what if it’s a slow month” thoughts. It means I get to pick the files I do and spend more time in a coaching capacity.

So I’m curious. What would it mean for you? Tell me in the comments.

Mortgage agents: if you want to see how the BRX rev share works, DM me “BRX” and I’ll walk you through it. No pressure, completely confidential, just a conversation.

*Past payouts are not a guarantee of future income. Projections are my personal goals.

Derrick Johnston, Mortgage Agent L2
BRX Mortgage, FSRA Brokerage Licence #13463 | London, Ontario
519-636-4796 | derrickjohnston.ca

10/08/2026

The lowest rate isn’t always the cheapest mortgage.

I get it. The rate is the first thing everyone asks about, and it should be part of the conversation. But you’re signing a contract you’ll live with for years. Penalties, prepayment options and whether you can take it with you if you move all matter too.

Swipe through and ask yourself those three questions before you sign anything.

Not sure what’s in your current mortgage? Send it my way and I’ll walk you through it. No pressure, no cost.

09/28/2026

Buying a rental can be a little more complicated than a primary residence.

It’s important to have all documents organized ahead of time, so you can act accordingly when the right property becomes available.

Curious what owning a rental is like? Reach out today to discuss.

09/25/2026

Most people have no idea that your mortgage approval is a snapshot. The lender can look again before they release the money, and if your finances look different, they can change the deal or walk away. Sometimes days before closing. Sometimes hours.

So once your deal is firm, think freeze. No new debt, no new cards, no job changes, no mystery deposits. Keep everything boring until the keys are in your hand. Then go buy the couch.

Swipe through all 10, save it for later, and send it to anyone who just got an offer accepted. They’ll thank you.

And if you’ve already done one of these things, don’t panic. DM me the word COACH or book a free call through the link in bio. There’s usually a fix if we catch it early.

09/21/2026

Down payment can often be the trickiest part of the mortgage process. We have to trace every dollar going towards the down payment.

Moving money around prior to making an offer can complicate the paperwork, so try to keep money where it is.

Be mindful of the fact that you have closing costs on top of your down payment, as well.

Address

London, ON

Telephone

+15196364796

Website

http://www.derrickjohnston.ca/

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