Brian Budgell - Mortgage Broker

Brian Budgell - Mortgage Broker East Coast Mortgage Brokers offers customers the best mortgage rates available from over thirty lenders across the country.

More importantly, we offer professional advice to help you make one of the largest financial decisions you'll ever make.

What can count toward your down payment? 💵🏡Depending on your situation, your down payment may come from more than one so...
09/08/2026

What can count toward your down payment? 💵🏡
Depending on your situation, your down payment may come from more than one source.

That can include:

✔ Personal savings
✔ Gifted funds
✔ Eligible RRSP withdrawals
✔ Sale or equity proceeds

The important part is making sure the source of the funds is clear and properly documented.

If family is helping, or if you are planning to use money from another source, talk to me before moving the funds around.

That way, we can make sure the down-payment side of your mortgage is organized properly from the start.

Know what counts. Know what needs to be documented. Build the plan.

Together, we’ve got this. 🏡🤍

Brian Budgell | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.727.4507 🌐 LesliePenney.ca

Your down payment is not just a target.It is part of the overall plan. 💵🏡Before deciding how much to put down, it is wor...
09/07/2026

Your down payment is not just a target.
It is part of the overall plan. 💵🏡

Before deciding how much to put down, it is worth looking at:

✔ Your savings
✔ Closing costs
✔ Moving expenses
✔ Home setup
✔ Emergency savings
✔ The monthly mortgage payment you are comfortable carrying

A larger down payment can be helpful, but the biggest down payment is not automatically the best plan for every buyer.

The goal is to build a plan that works for the purchase and still leaves room for life after closing.

Together, we’ve got this. 🏡🤍

Brian Budgell | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.727.4507 🌐 LesliePenney.ca

Buying your first home? Start here. 🏠Do not try to learn the whole process in one night.Start with your financial pictur...
09/01/2026

Buying your first home? Start here. 🏠

Do not try to learn the whole process in one night.

Start with your financial picture.

Before you seriously begin house hunting, let’s understand:
✔ Your income
✔ Your current debts
✔ Your savings
✔ Your down-payment plan
✔ Your credit picture
✔ Your comfortable monthly budget
✔ The other costs you need to prepare for

Then we can talk about your purchasing range and what happens next.

Your first step does not have to be complicated.

It just has to give you direction.

Throughout September, the Leslie Penney Team will be breaking down First-Time Home Buying one question at a time.

Together, we’ve got this. 🏡🤍

Brian Budgell | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.727.4507 🌐 LesliePenney.ca

August has been about getting mortgage-ready.Now we’re moving into a new month and a new topic.Starting tomorrow, The Le...
08/31/2026

August has been about getting mortgage-ready.

Now we’re moving into a new month and a new topic.

Starting tomorrow, The Leslie Penney Team is going to focus on first-time home buying and the questions that usually come up before, during and after the search for that first home.

We’ll talk about things like:
✔ Where to start
✔ How to think about your down payment
✔ What costs to prepare for
✔ How mortgage insurance fits into the process
✔ What happens if you already have debt
✔ What happens after you find the right home

Our goal is to keep it simple.

Plain language.

Practical information.

One step at a time.

September is all about First-Time Home Buying Made Clear. 🏡

Together, we’ve got this. 🤍

Brian Budgell | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.727.4507 🌐 LesliePenney.ca

August has been all about helping buyers understand mortgage pre-approval and buyer readiness.We started with what to do...
08/30/2026

August has been all about helping buyers understand mortgage pre-approval and buyer readiness.

We started with what to do before house hunting.

Then we talked about what a good pre-approval should tell you, what happens after you're pre-approved, how to stay prepared while you search and, this week, how credit fits into the mortgage picture.

There has been one message running through all of it:

Prepare. Understand. Stay ready.

A good pre-approval isn't just about getting a number.

It's about understanding where you stand financially before you're making one of the biggest purchasing decisions of your life.

And being prepared doesn't mean everything has to be perfect.

It means you have a plan.

As August comes to a close, we're also wrapping up this month's Pre-Approval & Buyer Readiness series.

Then we're moving into something new.

September: First-Time Home Buying

We'll be talking about the questions first-time buyers ask me every day, including down payments, closing costs, mortgage insurance, existing debts, what happens after an accepted offer and much more.

If buying your first home is somewhere on your radar, September is for you.
Thanks for following along this month. 😊

Together, we've got this.

Brian Budgell | Mortage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.727.4507 🌐 LesliePenney.ca

There is a big difference between being prepared and trying to make everything perfect.That applies to more than mortgag...
08/29/2026

There is a big difference between being prepared and trying to make everything perfect.

That applies to more than mortgages.

Most big decisions in life come with a few unknowns.

You gather the information.

You ask good questions.

You make the best plan you can.

And then you move forward when it feels right.

Homeownership is no different.

Preparation gives you confidence.

Perfection usually just keeps moving the finish line.

If buying a home is something you're working toward, give yourself credit for taking the time to understand the process.

Have a great weekend!

Together, we've got this. 🏡🤍

Brian Budgell | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.727.4507 🌐 LesliePenney.ca

One of the questions buyers often ask before getting pre-approved is:“What happens to my credit?” 🤔That is where we are ...
08/23/2026

One of the questions buyers often ask before getting pre-approved is:
“What happens to my credit?” 🤔

That is where we are going next week. 👇🏻

We will look at:
• Why credit is part of the mortgage process
• What lenders may look at
• How existing debts fit into the picture
• What buyers should know before applying
• How to prepare before beginning the process

Credit can feel complicated when you do not know what is being reviewed.

So next week, the Leslie Penney Team is going to break it down in plain language.

No scare tactics.

No complicated terminology.

Just practical information to help you understand what to expect.

If buying is on your radar, keep following along.

Brian Budgell | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.727.4507 🌐 LesliePenney.ca

Together, we've got this. 🤍

Some things are better when they are not rushed.Buying a home can be one of them.After a few weekends of listings, open ...
08/22/2026

Some things are better when they are not rushed.

Buying a home can be one of them.

After a few weekends of listings, open houses and viewings, it can be easy to wonder:

“Should I have found something by now?”

There is nothing wrong with taking your time.

The right home has to work for more than a mortgage application.

It has to work for your mornings.

Your evenings.

Your family.

Your routines.

Your future plans.

Sometimes being prepared gives you the confidence to say:

Not this one. We'll keep looking.

If you are out house hunting around Newfoundland and Labrador this weekend, enjoy the process.

The right home is worth waiting for. 🏡

Have a great weekend. 🤍

Brian Budgell | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.727.4507 🌐 LesliePenney.ca

Together, we've got this.

Pre-Approval FAQ 💭👇🏻“Do I have to start all over if my pre-approval is getting old?” 🤔Usually, I would look at it differ...
08/21/2026

Pre-Approval FAQ 💭👇🏻

“Do I have to start all over if my pre-approval is getting old?” 🤔

Usually, I would look at it differently.

We review and refresh.

If you have been house hunting for a while, some of the information used when your pre-approval was prepared may need updating.

That could include:
• Pay stubs
• Employment information
• Bank statements
• Down-payment records
• Current debts

We also look at whether anything else has changed.

Maybe you have saved more.

Maybe your income changed.

Maybe you paid off a debt.

Maybe your comfortable budget looks a little different now.

The goal is simply to make sure you are working with current information.

You already did the work to get prepared.

Now we make sure you stay prepared.

House hunting this weekend? 🏡

Enjoy it. And if your pre-approval has been sitting for a while, we can always take another look. 😊

Together, we've got this. 🤍

Brian Budgell | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.727.4507 🌐 LesliePenney.ca

Address

141 Torbay Road
St. John's, NL

Telephone

+17097274507

Website

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