Donna Wong - Mortgage Agent Level 2

Donna Wong - Mortgage Agent Level 2 I’m a mortgage agent dedicated to making the mortgage process seamless and easy.

I provide constant communication for my clients, promising to find the best possible interest rate and answer all your questions along the way.

We had a nice visitor this morning, she didn't go for the garden so that made me happy!
08/11/2026

We had a nice visitor this morning, she didn't go for the garden so that made me happy!

Let’s clear up the difference between a VRM and an ARM in just a few seconds! 🏡📉When you choose a variable rate, your in...
08/04/2026

Let’s clear up the difference between a VRM and an ARM in just a few seconds! 🏡📉

When you choose a variable rate, your interest rate fluctuates with the market. But how your payments are handled makes all the difference.⚖️

Variable-Rate Mortgage (VRM - Fixed Payment) Your monthly payment amount stays exactly the same, no matter what. When interest rates rise, more of your payment goes to cover the interest, meaning less goes toward paying off your mortgage. If rates jump too high, your amortization (the time it takes to pay off the loan) gets extended.
Adjustable-Rate Mortgage (ARM - Floating Payment) Your payment amount automatically adjusts up or down whenever the prime interest rate changes. If rates go up, your payments go up. You always pay down your principal at the same pace, which saves you from amortization issues.

Follow me, share with friends for mortgage tips!⁠
⁠
Contact me and I will be more than happy to assist you!⁠
⁠
⁠
Direct: 613.808.8246📱⁠
Email: [email protected] ⁠/ [email protected] 🖱️⁠
www.donnawong.ca 🔗
⁠
⁠
"It's only about You...I'll be beside you all the way”⁠!⁠


Sherwood Mortgage Group
Mortgage Agent Level 2| #12176


Payment History 35%-Missing or late payments will have negative effect on your credit score.⛔Utilizations- A good rule o...
07/30/2026

Payment History 35%-Missing or late payments will have negative effect on your credit score.⛔

Utilizations- A good rule of thumb is to keep balances below 30% of the credit limit.🆗

History 15% - The longer the trade line has been established the higher the credit score.📖

New Credit 10%- Multiple inquiries can lower your credit score.🆕

Credit Mix 10%-The best is mixed combination credit cards Visa/Mastercard and store credit.💳

Too many credit cards, loans may also lower your score. When you have too much open credit and do not use it, this will have a negative impact.💳💳📂

Its all about balance⚖️

Follow me, share with friends for mortgage tips!⁠
⁠
Contact me and I will be more than happy to assist you!⁠
⁠
⁠
Direct: 613.808.8246📱⁠
Email: [email protected] ⁠/ [email protected] 🖱️⁠
www.donnawong.ca 🔗
⁠
⁠
"It's only about You...I'll be beside you all the way”⁠!⁠


Sherwood Mortgage Group
Mortgage Agent Level 2| #12176


Bank of Canada has decided to hold the rate.🤚What does this mean for you?🤼If you have a variable-rate mortgage or line o...
07/15/2026

Bank of Canada has decided to hold the rate.🤚

What does this mean for you?🤼

If you have a variable-rate mortgage or line of credit nothing changes!

Follow me, share with friends for mortgage tips!⁠
⁠
Contact me and I will be more than happy to assist you!⁠
⁠
⁠
Direct: 613.808.8246📱⁠
Email: [email protected] ⁠/ [email protected] 🖱️⁠
www.donnawong.ca 🔗

"It's only about You...I'll be beside you all the way”⁠!⁠


Sherwood Mortgage Group
Mortgage Agent Level 2| #12176


The sky was quickly changing last night before it got dark. Was really interesting to watch.
07/02/2026

The sky was quickly changing last night before it got dark. Was really interesting to watch.

Bank of Canada announced this morning that there is no change!🏦🤚What does this mean for you?〽️Borrowers with variable ra...
06/10/2026

Bank of Canada announced this morning that there is no change!🏦🤚

What does this mean for you?〽️

Borrowers with variable rate mortgages, adjustable rate mortgages, HELOC and lines of credit, rates will remain the same.😁

Next announcement will be July 15, 2026.👀

Follow me, share with friends for mortgage tips!⁠
⁠
Contact me and I will be more than happy to assist you!⁠
⁠
⁠
Direct: 613.808.8246📱⁠
Email: [email protected] ⁠/ [email protected] 🖱️⁠
www.donnawong.ca 🔗
⁠
⁠
"It's only about You...I'll be beside you all the way”⁠!⁠


Sherwood Mortgage Group
Mortgage Agent Level 2| #12176


In case you missed it!!👀Bank of Canada has decided to hold the rate.🤚What does this mean for you?🤼If you have a variable...
04/30/2026

In case you missed it!!👀

Bank of Canada has decided to hold the rate.🤚

What does this mean for you?🤼
If you have a variable-rate mortgage or line of credit nothing changes!


Follow me, share with friends for mortgage tips!⁠
⁠
Contact me and I will be more than happy to assist you!⁠
⁠
⁠
Direct: 613.808.8246📱⁠
Email: [email protected] ⁠/ [email protected] 🖱️⁠
www.donnawong.ca 🔗
⁠
⁠
"It's only about You...I'll be beside you all the way”⁠!⁠
Sherwood Mortgage Group
Mortgage Agent Level 2| #12176

Bank of Canada has decided to hold the rate.🏦What does this mean for you?If you have a variable-rate mortgage or line of...
03/18/2026

Bank of Canada has decided to hold the rate.🏦

What does this mean for you?
If you have a variable-rate mortgage or line of credit nothing changes!

Follow me, share with friends for mortgage tips!⁠
⁠
Contact me and I will be more than happy to assist you!⁠
⁠
⁠
Direct: 613.808.8246📱⁠
Email: [email protected] ⁠/ [email protected] 🖱️⁠
www.donnawong.ca 🔗
⁠
⁠
"It's only about You...I'll be beside you all the way”⁠!⁠


Sherwood Mortgage Group
Mortgage Agent Level 2| #12176


This is a great question from my 55 plus clients looking to go into a reverse mortgage:If your 55 and over and going int...
02/10/2026

This is a great question from my 55 plus clients looking to go into a reverse mortgage:

If your 55 and over and going into a reverse mortgage its doesn't matter what the funds are used for, for example help your kids buy a home, early inheritance, health expenses it doesn't matter its TAX FREE!

It would be nice to have more things in Canada tax free!

Follow me, share with friends for mortgage tips!⁠
⁠
Contact me and I will be more than happy to assist you!⁠
⁠
⁠
Direct: 613.808.8246📱⁠
Email: [email protected] ⁠/ [email protected] 🖱️⁠
www.donnawong.ca 🔗
⁠
⁠
"It's only about You...I'll be beside you all the way”⁠!⁠


Sherwood Mortgage Group
Mortgage Agent Level 2| #12176


A pre-payment penalty happens if at any time you break your mortgage term early.If you have a fixed rate mortgage term,...
02/05/2026

A pre-payment penalty happens if at any time you break your mortgage term early.

If you have a fixed rate mortgage term, your penalty is the greater of three months interest or the interest rate differential. If you have a variable rate mortgage term, your penalty is just three months interest.

Follow me, share with friends for mortgage tips!⁠
⁠
Contact me and I will be more than happy to assist you!⁠
⁠
⁠
Direct: 613.808.8246📱⁠
Email: [email protected] ⁠/ [email protected] 🖱️⁠
www.donnawong.ca 🔗
⁠
⁠
"It's only about You...I'll be beside you all the way”⁠!⁠


Sherwood Mortgage Group
Mortgage Agent Level 2| #12176


Address

Ottawa, ON

Opening Hours

Monday 8am - 9pm
Tuesday 8am - 9pm
Wednesday 8am - 9pm
Thursday 8am - 9pm
Friday 8am - 9pm
Saturday 8am - 9pm
Sunday 8am - 9pm

Telephone

(613)8088246

Website

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