Kelly Hudson Mortgages

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Canada
Richmond, BC
Kelly Hudson Mortgages

*Residential Mortgage Broker* Helping you find the RIGHT mortgage that fits your life. Best of all, my services for a typical mortgage are free!!!

Are you overwhelmed with the thought of needing a mortgage? Do you wonder which bank offers the best option for your particular situation? Simplify your life, Mortgages made easy with Kelly Hudson. I take the worry and angst out of mortgages, save my clients money and BEST of all my advice is FREE! Mortgages are usually the biggest investment of your life, so you need to work with someone you trus

t. My goal is to learn all I can about you and your mortgage requirements, where you are now and where you expect to be 5 years down the road. The more I know about you and your future plans, the better I will be able to assist you in getting the best mortgage for your situation. I compare options with our 90+ lenders, then offer you the best mortgage rates and terms available, based on your specific needs. There are two ways to get a mortgage in Canada, from a bank or from an independent licensed mortgage broker, like ME!
1. Bank’s only offer mortgage products from their particular institution
2. Licensed mortgage brokers send millions of dollars in mortgages each year through Canada's banks, credit unions and financial institutions; offering our clients more choice via access to hundreds of mortgage products! My mortgage broker services are available in Greater Vancouver and beyond. I specialize in:

First time home buyers:
- Pre-approval process for buying a new property
- The application process for acquiring a mortgage

Current home owners:
- Showing you how to pay down your mortgage faster
- Renewing your existing mortgage
- Refinancing - for home renovations, debt consolidation or a better interest rates

Homeowners 55+
-CHIP Home Income Plan is a home equity loan for homeowners 55+ that want to pull some of the equity out of their home, in order to live life on their terms. Let's discuss how I can take the anxiety and worry out of your next mortgage!

09/07/2026

September always has that “reset” feeling 🍂

Back-to-school routines return, work schedules feel a bit more structured again, and the housing market usually starts to pick up as people shift out of summer mode.

It’s often when plans that were on pause start moving again, whether that’s buying, selling, renewing, or just getting finances in order for the months ahead.

For some people, it’s back to actively house hunting.

For others, it’s back to focusing on savings or credit goals.

And for many, it’s just back to getting organized after a summer.

So I’m curious… what are you going back to this September?

09/04/2026

When the Bank of Canada announces a rate decision, it often gets a lot of attention, but what it means for your mortgage depends on the type of mortgage you have.

The Bank of Canada sets the overnight rate, which influences how much it costs banks to borrow money. That, in turn, affects the rates they offer to consumers.

If you have a variable-rate mortgage, changes in the overnight rate can have a more direct impact on your payments.

If you have a fixed-rate mortgage, your rate won’t change right away, but it can still be indirectly affected over time because fixed rates are tied to bond markets and broader economic expectations.

The key thing to understand is that the Bank of Canada doesn’t set your mortgage rate directly, it sets the direction that rates tend to follow.

If you’re unsure how a recent or upcoming rate change affects your situation, it’s worth reviewing it based on your specific mortgage type.

09/02/2026

The Bank of Canada held its benchmark interest rate steady today at 2.25%, in a move widely expected by economists.

Canada’s central bank has been on hold with 2.25% rate since December 2025, with Sept. 2, 2026 announcement marking its 7th-consecutive decision to leave its trend-setting policy rate unchanged. This decision is primarily due to the economic tug-of-war between rising energy prices & a cooling labour market.

No change to the rate means Variable Rates and HELOC's remain the same. Fixed rates continue to be influenced by the bond market.

08/31/2026

Your job history plays a bigger role in mortgage approval than most people expect.

It’s not just about how much you earn, it’s also about how stable your income looks over time.

Lenders typically want to see consistency. That can mean steady employment in the same role or industry, or at least a clear pattern of reliable income.

If you’ve changed jobs recently, it doesn’t automatically hurt your chances. What matters is the type of change:
📌 Moving to a similar role or higher income can be viewed positively
📌 Gaps in employment may need explanation
📌 Frequent changes in different industries can require more review

Self-employed income is also looked at differently, typically previous 2 years history based on your tax returns (Notice of Assessment).

The key takeaway is this: stability matters as much as income.

If your job situation has changed recently and you’re thinking about buying, it doesn’t mean you can’t buy, it simply means there may be more due diligence from the lender.

08/28/2026

Second mortgages sound intense, but they’re actually pretty straightforward once you break them down.

A second mortgage is exactly what it sounds like: an additional loan taken against your home, on top of your existing mortgage.

It lets you access some of your home equity without breaking OR refinancing your first mortgage.

People use second mortgages for different reasons, home renovations, consolidating higher-interest debt, or sometimes covering large expenses.

But there are a few things to understand:
📌 It’s a separate mortgage
📌 Interest Rates are usually higher than your primary mortgage
📌 You’ll have two payments instead of one

It can be a useful tool in the right situation, but like anything tied to your home, it’s something you want to think through carefully.

If you’re considering one, it’s worth looking at how it fits into your overall financial picture before moving forward.

08/27/2026

Heavy Sigh… Summer’s starting to wind down ☀️

There’s always that moment where you realize fall (and Pumpkin Spice EVERYTHING) is right around the corner… and there are still a few things you meant to do.

Maybe it’s something simple, one more beach day, a weekend away, a backyard hangout, or finally getting to that home project you’ve been putting off.

Or maybe it’s something bigger you wanted to make progress on this year.

Either way, there’s still time to fit it in before the season shifts.
- So I’m curious, what’s the one thing you still want to do before fall?

08/25/2026

Choosing a mortgage TERM isn’t just about picking what’s most popular, it’s about choosing what fits your specific situation.

A 5-year term is common, but that doesn’t automatically make it the right choice for everyone.

Your term is the length of time you’re locked into your mortgage agreement with your lender, including the interest rate. During that time, if you need to break your mortgage – you will pay penalties to get out of your mortgage. This is why your future plans matter.

If you think you might move, refinance, or make changes in a few years, a shorter term might give you more flexibility. If you prefer stability and predictability, a longer term might feel more comfortable.

There’s no one-size-fits-all answer. The right choice depends on your timeline, your goals, and how much flexibility you want.

08/21/2026

Spring and fall are both considered “busy” seasons in the Canadian housing market, but they don’t feel the same.

Spring tends to bring a surge of new listings and a wave of buyers at the same time. That mix often creates more competition and a faster pace overall.

Fall is active too, but usually a bit more balanced. Buyers who are still in the market tend to be more serious, and while there are still good listings, the pace can feel slightly more manageable.

That doesn’t mean one season is better than the other, it just means your experience can look different depending on when you decide to buy.

The most important factor isn’t the season, it’s whether you’re prepared, with your mortgage financing when the right opportunity shows up.

08/19/2026

When you apply for a mortgage, lenders aren’t just looking at your income, they’re looking at how your income is being used.

That’s where debt-to-income ratios come in.

There are two main ones: GDS (Gross Debt Service) and TDS (Total Debt Service).

GDS focuses on your housing costs, things like your mortgage payment, property taxes, (strata fees if applicable) and heat. It shows how much of your income would go towards owning your home.

TDS looks at the bigger picture. It includes your housing costs (see above) PLUS any other debts you carry, like credit cards, car loans, or student loans.

These numbers help lenders figure out what’s manageable for you, not just what’s possible on paper.

If your ratios are too high, it can limit how much you qualify for. If they’re in a comfortable range, you’ll have more flexibility with your options.

Understanding these ahead of time can make the approval process a lot more straightforward.

08/17/2026

Wanting to buy a home is one thing, HOWEVER being ready to buy is a different conversation.

A lot of people feel like they should be further along, but the truth is, most buyers go through a preparation phase before they’re actually ready to make the move to home ownership.

That can include building up a down payment, improving credit, getting clear on budget, or just understanding how the process works.

And none of that is wasted time—it’s what makes the buying process smoother (and less stressful) when the time comes.

If you’re somewhere in between “thinking about it” and “ready to go,” that’s a completely normal place to be.

The key is working together with a Mortgage Broker – so you know what your next steps are.

Address

Richmond, BC
V7C4X5

Telephone

+16043125009

Website

http://www.KellyHudsonMortgages.com/

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