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Milka Lukacevic - The Mortgage Centre TMK Trusted Mortgage Knowledge

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Port Coquitlam, BC
Milka Lukacevic - The Mortgage Centre TMK Trusted Mortgage Knowledge

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The Mortgage Centre-TMK Team specializes in all your mortgage needs. Serving Port Coquitlam, and the I work for you, not the banks.

Your goal is to buy a new home or to refinance your existing one. My goal is to make it happen by helping you secure the financing you need. Together, we'll work through your mortgage options until we find the perfect match for you. Simply call or email me, I am ready to talk about your mortgage virtually any time, anywhere. As a broker-owner, with over 20 years of lending experience, and many more in the banking industry, I offer you solid objective advice and am an industry leader in providing excellent service for all your residential mortgage needs. My knowledge and experience help me to quickly determine your mortgage requirements and allow me to provide you with creative financing solutions that work. Whether you are considering buying a home, refinancing, switching lenders or purchasing a revenue property...you can expect the best rates, fast, friendly professional service and a mortgage package that is tailored to suit your personal goals. Looking for a mortgage professional to go above and beyond your expectations? Call me and experience the difference. That's what TMK-Total Mortgage Knoweldge is ALL about!

10/25/2026

“First-time buyer” can mean different things in different programs.

For opening an FHSA, CRA looks at the current calendar year before opening and the previous four calendar years. The ownership test concerns a home you lived in as your principal residence. A home owned by your current spouse or common-law partner can also matter.

Making a qualifying FHSA withdrawal uses a different test, focused on your own ownership history, along with other requirements. Opening an account does not automatically confirm that a future withdrawal qualifies.

BC’s First-Time Home Buyers’ Program has a different ownership condition: you must never have held a registered interest in a property that was your principal residence, anywhere in the world. The program also has other requirements, including residency, property and occupancy rules.

Past ownership can therefore lead to different answers. Meeting one ownership test is not the same as meeting every eligibility condition.

Save this comparison before you budget around a benefit. Milka can help you identify the programs to review and the ownership details to bring to the conversation.

Sources: Canada Revenue Agency — Opening your FHSAs; Withdrawals and transfers out of your FHSAs. Province of British Columbia — First time home buyers’ program.

Milka Lukacevic | Mortgage Centre TMK Team.
Information is general and educational, not advice. All program eligibility rules apply. OAC. E&OE.

10/24/2026

How does a Bank of Canada decision connect to your variable mortgage?

The policy rate influences lender prime rates. Your lender sets its prime rate, and your mortgage contract sets the adjustment to that prime rate.

Your contract also determines whether a rate change affects your payment amount or the share going to interest and principal. Check the terms that apply to your own mortgage.

Save this for the next rate headline. Milka can help you read your mortgage terms in plain language.

Milka Lukacevic | Mortgage Centre TMK Team.
Information is general and educational, not advice. Rates, program rules and lender requirements change and are subject to lender approval. OAC. E&OE.

10/23/2026

Buying a condo? Start with the building’s paperwork.

In BC, a current Form B includes disclosures such as monthly strata fees, approved special levies, the contingency reserve balance after approved, undrawn spending, and certain proceedings or outstanding work orders.

Read the attachments too: the current budget, strata rules (if any), and latest depreciation report (if any). Together, they help you understand the finances and repair plans.

Before removing conditions, have qualified real-estate and legal professionals review the full package. I can help you consider the mortgage-planning implications.

Save this checklist for your condo search.

Source: Province of British Columbia — Form B Information Certificate.

Milka Lukacevic | Mortgage Centre TMK Team.
General information. Property and lender requirements vary.

10/22/2026

Your renewal letter is one offer to review. Give yourself time to compare.

Start looking at your options a few months before your mortgage term ends. Compare the rate, term, prepayment privileges and what a future move could mean. Switching lenders can involve a new application, documents and costs, so include those in the comparison.

The free BC Renewal Playbook gives you a starting point for that conversation.

Download your free copy here: https://www.bcmortgagesonline.com/renewal-playbook

Milka Lukacevic | Mortgage Centre TMK Team.
Information is general and educational, not advice. Rates, program rules and lender requirements change and are subject to lender approval. OAC. E&OE.

10/21/2026

Leave room for more than the mortgage.

Before you choose a mortgage, make room for property taxes, utilities, home insurance, upkeep and any strata fees. Keep groceries, transport, childcare, savings and other commitments in the same picture.

Some bills arrive annually. Repairs may be irregular. Giving those costs space in your monthly plan makes the mortgage payment easier to put in context.

FCAC recommends assessing your finances before mortgage shopping, including housing costs, living expenses and other debts. Use estimates for the home you’re considering.

Build your budget before you choose your mortgage. Milka can help you understand the mortgage portion of the plan.

Sources: Financial Consumer Agency of Canada — Preparing to get a mortgage; Government of Canada — Buying a home.

Milka Lukacevic | Mortgage Centre TMK Team.
General information. Your situation and lender terms apply.

10/20/2026

The down payment starts the plan. Closing costs and a buffer finish it.

Canada’s minimum down payment depends on the purchase price:
• Up to $500,000: 5%.
• Above $500,000 and below $1.5 million: 5% on the first $500,000, plus 10% on the rest.
• $1.5 million or more: 20%.
Your lender may require more.

A down payment below 20% usually means mortgage default insurance. It protects the lender. The premium affects your mortgage plan, but it does not always have to come from your cash at closing.

Our illustration: a $500,000 home, $25,000 down (5%), a traditional down payment and 25-year amortization. The base loan is $475,000. CMHC’s 4% premium at 95% loan-to-value is $19,000. Your lender confirms the actual premium. You can pay it up front or add it to the mortgage; financing it adds interest costs.

For your cash plan, allow for applicable property transfer tax, legal fees, title insurance, inspection, appraisal, adjustments and any applicable GST. Costs and exemptions depend on your purchase. Get current estimates, then leave a buffer for the first repairs and surprises.

Save this for your home-buying plan. Milka can help you put the numbers together before you start touring.

Sources: FCAC, CMHC, Government of BC and CRA.

Milka Lukacevic | Mortgage Centre TMK Team.
Information is general and educational, not advice. Rates, program rules and lender requirements change and are subject to lender approval. OAC. E&OE.

10/19/2026

Fixed or variable? Compare what can change during the term—and what happens if you need to leave early.

A fixed interest rate stays the same for the term. A variable interest rate can change with the lender’s prime rate. Whether that changes your payment or the interest/principal split depends on your contract.

Read the prepayment charges and privileges before deciding. The fit depends on your plans and comfort with change, as well as the rate.

Save this checklist for your next mortgage conversation.

Milka Lukacevic | Mortgage Centre TMK Team.
Information is general and educational, not advice. Rates, program rules and lender requirements change and are subject to lender approval. OAC. E&OE.

04/16/2026

Mortgage calculators are a great starting point, but they don’t tell the full story.

They can give you a rough idea of what payments might look like. Still, they don’t account for everything lenders actually review, such as income structure, credit history, debt ratios, and lending guidelines.

That’s where real qualification happens.

Understanding the difference can help you plan smarter, avoid surprises, and move forward with confidence when it’s time to buy or refinance.

04/09/2026

Your mortgage renewal isn’t just a routine step; it’s a key opportunity to reassess your mortgage and align it with your current financial goals.

In Canada, your term renewal is the perfect time to review your rate, explore different lenders, and consider options such as better prepayment privileges or more flexible terms. You’re not obligated to accept your current lender’s offer, and shopping around could save you more over your next term.

With changing rates and evolving financial priorities, your next term should reflect where you are today, not simply carry forward your old mortgage.

04/05/2026

Happy Easter! May your day be filled with sunshine, smiles, and a little extra chocolate.

Address

2571 Shaughnessy Street # 205
Port Coquitlam, BC
V3C3G3

Opening Hours

Monday	8am - 10pm
Tuesday	8am - 10pm
Wednesday	8am - 10pm
Thursday	8am - 10pm
Friday	8am - 10pm
Saturday	8am - 10pm
Sunday	8am - 10pm

Website

http://www.bcmortgagesonline.com/

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