Independent Mortgage Broker

10/30/2022

Can’t say enough about how much I love cactus and their resilience

..🌺..🌺..🌺..🌺..🌺

07/07/2022

If you are looking for a FIXED term mortgage now, the mortgage stress test has just gotten tougher. Most 5 year fixed mortgage rates are currently over 5%, making the NEW qualifying stress test rate a full 2% higher at 7% or more. On the other hand, the qualifying stress test rate for variable mortgages is still low at 5.25%, so many borrowers are choosing a variable-rate mortgage to maximize their borrowing power.

If increasing your borrowing power is important to you, there are some options that you can consider:

1) Choose a variable rate mortgage. Currently this will give you the highest borrowing power, however, when the Bank of Canada meets on July 13th it is likely they could raise the qualifying rate at the same time as they raise their key lending rate. It is unlikely they will raise the qualifying rate to 7%+ - most are thinking it would be in the low-mid 6% range.

2) Select a shorter fixed term mortgage. The rates for a 2 or 3 year term are a bit lower than the 5 year fixed. This means the qualification rate of a 2 or 3 year term will be lower than a 5 yr term.

3) Ask me about a credit union or alternative lenders. While Canada’s banks are mandated by OFSI to enforce the mortgage stress test, provincially regulated credit unions and alternative lenders are not. This means that these institutions can decide what they feel is financially prudent. Some of our credit unions will allow borrowers to qualify at a lower qualification rate which can make a big difference in the amount you can qualify for.

As always if you ever have any questions, please don't hesitate to contact us. We're here to help!

07/03/2020

Due to Covid 19, I am now offering full service, on-line applications, Zoom or Facetime meetings and consultations. There is no need for personal appointments, however, this will not compromise my pledge to great personal service every time!

07/01/2020

I think it´s time to let you all know that I am still actively working full time as an independent mortgage broker
but splitting my time up between the Lower Mainland and the Northern Okanagan. During the pandemic time,
I can still arrange personal appointments keeping up with the social distancing measures. Please check out
my new website at www.mybcmortgage.com (I will be changing the interest rates section today as they have
been steadily coming down. If you, or someone you know could use my help, I would be very grateful for the
business opportunity and/or referrals!

Due to Covid 19, I am now offering full service, on-line applications, Zoom or Facetime meetings and consultations. There is no need for personal appointments, however, this will not compromise my pledge to great personal service every time!

09/14/2019

New face to face introduction to Karin

04/06/2017

Who would have thought that there would be a buying frenzy in Chilliwack? Multiple offers, going over asking - insanity! Just sold this 80's rancher for 515,000. 3 bdrm, 2200 square feet on Promontory. The retired couple, Faye and Ron, decided to move closer in to the City to be closer to their children/grandchildren.
Yes, I go that far!!!! Downtown Vancouver all the way to Chilliwack

03/02/2017

Just sold 11632 Cobblestone Lane in Pitt Meadows. Mortgage clients, Jon and Sabine Margolis and their two children are moving in mid-March. I am delighted to have arranged a new mortgage for them, while selling their Champlain Heights townhouse and negotiating the best price on their new home.

01/24/2017

This townhouse qualifies for the BC Home Partnership program which allows a partial government borrowed down payment! Ask me for details!

large 3 bdrm/2 bath townhome easy access to schools/transportation parks and trails. private fenced patio and yard with trees. updated and new roof with double pained windows. double soaker tub and heated tile in ensuite. custom built-ins, and lots of storage. open house sat, jan 28 - 2-4 pm and feb...

11/21/2016

Just had a listing on the Pitt Meadows Golf course overlooking the 18th hole sell for a terrific price! Listed at 439,900 - gone in 10 days. Condo/townhouse market still very active and no price reductions here! I love selling real estate! Want to know what you can afford to buy, or what your home is worth? With my unique skill set - I can set up your mortgage, sell your home, and get you into a new one while saving you money all at the same time!