Vick Sahota Mortgages

Vick Sahota Mortgages Vancouver Mortgage Broker - I provide strategies to help you pay down your mortgage faster, and how to use your mortgage as a tool to grow your wealth.

As a Mortgage Professional with a keen eye for detail, and exceptional customer service skills, I have a unique skill set that sets me apart in the industry. I aim to find the right mortgage product for my clients and provide them with a seamless and stress-free experience. I take pride in providing excellent customer service, and I strive to build long-term relationships with my clients based on

trust and respect. I am committed to staying up-to-date with the latest industry trends and regulations, ensuring that my clients always receive the best possible advice and service. You can contact me via email at [email protected], by calling or texting my cell at 604-351-6485. I look forward to connecting with you.

I’m working on a mortgage file, and I just sent off some mortgage review check-ins: one a month after closing, one six m...
05/25/2026

I’m working on a mortgage file, and I just sent off some mortgage review check-ins: one a month after closing, one six months after closing, annually on the anniversary date, and a couple of reviews prior to the mortgage maturity.

In these reviews I check in to see if there are any questions, if there have been any life changes that may impact the mortgage, advise on penalties for fixed options, and provide insights into their rate and the market as well. With variable, we’ll touch on where rates could be heading.

After closing I don’t disappear, and this is what active mortgage management looks like. If you choose to get your mortgage from a bank, the after-closing support is usually non-existent, and you’re essentially left on your own to manage your mortgage and make the right decisions.

You’re trading a short-term rate for long-term advice and planning. With my clients I have the details for their situation, and I can help them make the right decisions and help them pay less over time with active mortgage management.

📞 604-351-6485
📧 [email protected]

A mortgage review = zero downside.You either confirm you’re in a great position, or we find a way to make it better.Eith...
05/01/2026

A mortgage review = zero downside.

You either confirm you’re in a great position, or we find a way to make it better.

Either way, you walk away with clarity on where you stand. Not reviewing your mortgage is how most people quietly overpay for years. A few minutes is all it takes.

Here’s how it works:
- Fill out my Mortgage Savings Tracker with basic details.
- I personally review your numbers.
- We see if there’s room to pay less interest, lower your monthly payments, or pay off your mortgage faster.

Completely free. Zero obligation.

If you’d like your mortgage reviewed, send me a message and I’ll get you the link.

📞 604-351-6485
📧 [email protected]

The most common mistake I see at renewal: homeowners sign whatever their lender sends them and assume the structure they...
04/30/2026

The most common mistake I see at renewal: homeowners sign whatever their lender sends them and assume the structure they had is still the right one. It usually is not.

Renewal is the time you can refinance, switch lenders, access equity, or lower your payment without paying a penalty. Outside of renewal, breaking a variable mortgage costs you three month’s interest. Breaking a fixed mortgage can cost you significantly more depending on when you break it and where rates have moved.

That penalty disappears at renewal. So does the excuse for staying in a structure that no longer fits.

Renewal is your reset button. It is the cleanest opportunity you get to make your mortgage work harder for you.

If your current setup is not working for you and your situation, reach out and I would be happy to take a second look.

📞 604-351-6485
📧 [email protected]

The Bank of Canada has held its overnight rate again at 2.25%, with no change. That means no change for those with varia...
04/30/2026

The Bank of Canada has held its overnight rate again at 2.25%, with no change. That means no change for those with variable mortgages or HELOCs. The next announcement is scheduled for June 10th.

Reminder: Changes to the Bank of Canada’s overnight rate affect variable mortgages and HELOCs, while fixed rates are determined by the bond market.

Have questions? Reach out.

📞 604-351-6485
📧 [email protected]

A fixed rate often gets called the “safe” option. What usually gets overlooked is the penalty to break it.The big banks ...
04/28/2026

A fixed rate often gets called the “safe” option. What usually gets overlooked is the penalty to break it.

The big banks are known for some of the worst fixed-rate penalty calculations. Break at the wrong time and you could be looking at 2-4% of your mortgage balance, sometimes more. On a $500,000 mortgage, that’s $20,000. Sometimes higher.

Most mortgages in Canada get broken before the end of the term. Job change, divorce, relocation, refinance, equity take-out, sale. Life happens.

A variable rate mortgage with a static payment (VRM) is worth considering:
- Fixed monthly payment for budgeting predictability.
- A three-month interest penalty if you need to break early.

Fixed isn’t bad. Variable isn’t bad. The wrong one for your situation is what costs you.

Renewing soon or thinking about your next move? Send me a message. We’ll look at your situation, your risk tolerance, and the pros and cons of each option.

📞 604-351-6485
📧 [email protected]

Declined by your bank? You still have options.One lender’s decline is not the final answer. Each lender has its own risk...
04/27/2026

Declined by your bank? You still have options.

One lender’s decline is not the final answer. Each lender has its own risk appetite, policies, and underwriting guidelines. What one lender passes on, another can accept without hesitation.

Here’s an example of this:
A client was declined. One of the borrowers was new to Canada with limited credit history. That lender’s risk profile did not accommodate the file. We repositioned, and presented the application to a lender with different policies. Documented a history of on-time bill payments. Highlighted their strong credit score, and it was approved. Same borrowers. Same file. Different lender. Different outcome.

Common reasons banks decline files that other lenders may approve:
- Self-employed income structure.
- Debt servicing ratios.
- Credit issues.
- Recent job change or probation period.

The lending landscape includes A lenders, B lenders, and private lenders. Each with distinct policies and appetites.

The work is matching your file to the right lender. Not forcing your file into the wrong one.

A decline is a signal to reposition. Not to retreat.

If you want a second opinion on your mortgage file, reach out.

📞 604-351-6485
📧 [email protected]

When you buy a car, you look at more than the price tag. You check the make, model, warranty, mileage, maintenance costs...
04/24/2026

When you buy a car, you look at more than the price tag. You check the make, model, warranty, mileage, maintenance costs, and wear and tear. So why do so many people treat their biggest debt differently and fixate only on the lowest rate?

The lowest rate does not mean the lowest cost.

Your mortgage needs the same level of thought. Features, restrictions, penalties, and professional guidance all affect what you actually pay over 5, 10, 15 years.

A be**er car might save you money upfront. But a year later? Five years later? The maintenance catches up.

Mortgages work the same way.

Rate is certainly important. But the lowest cost comes from the right balance of three things: the right rate, the right mortgage for your specific situation, and professional advice that works in your corner.

The right advice does not just help you at the time of purchase. It helps you pay less over the entire life of your mortgage through active management, timely decisions, and making sure your product continues to serve your goals as your life changes.

Beyond the rate, you need a strong product and someone actively managing your file so you are not leaving money on the table at renewal, missing opportunities to use your equity, or locked into something that works against you.

❗️If you want your mortgage handled properly so you can stop thinking about it and start paying less over time, reach out.

📞 604-351-6485
📧 [email protected]

🏡 I recently came across a post where a homeowner shared the renewal offer they received from their bank. It was sitting...
04/23/2026

🏡 I recently came across a post where a homeowner shared the renewal offer they received from their bank. It was sitting about 1.5% above current market rates. That same bank has significant room to go much lower. They just did not lead with it.

🏦 This is not an isolated case. I see it regularly. Strong clients, solid credit, and they are still not receiving the best offer on the table from day one. After some back and forth, a better rate eventually surfaces. But that only happens if the client pushes back or gets outside help.

💡A few things worth knowing:
- The bank’s opening offer is rarely their best one.
- Your credit profile, mortgage size, and risk profile all influence what you can access.
- A renewal is one of the best opportunities to review your full mortgage structure, not just the rate.
- Signing and moving on without a second look can cost you thousands over your term.

❗️Get a second opinion before you sign anything. A mortgage professional who works for you, not the lender, can tell you quickly whether what you have been offered is competitive.

📞 604-351-6485
📧 [email protected]

🏡 Common mortgage mistakes I see people make.📈Choosing variable when they did not actually have the risk tolerance for f...
04/21/2026

🏡 Common mortgage mistakes I see people make.

📈Choosing variable when they did not actually have the risk tolerance for fluctuations, then locking into fixed at the wrong time and overpaying.

💰Choosing a 5-year fixed when a variable or shorter term would have been a better fit, then getting hit with a large penalty when they needed to break the mortgage.

🏦 Not actively monitoring their mortgage for savings opportunities. If you get your mortgage directly through your bank, it is usually up to you to review it yourself. Most people do not, and they end up overpaying interest.

💸 Choosing the wrong amortization. I often see people keep their amortization the same or reduce it, which creates a higher minimum payment. In many cases, it makes more sense to extend the amortization and use prepayment privileges for flexibility.

❌ Having no real strategy. A rate is not a strategy, and your mortgage should fit into your overall financial plan.

🤔 Choosing the wrong product by focusing only on rate, while overlooking things like penalties, prepayment privileges, porting options, or restrictive clauses.

🗣️ Getting advice from the wrong person. Bad advice, or no advice, can be one of the most expensive mortgage mistakes.

❗️If you want the right advice, the right mortgage product, and ongoing mortgage management, reach out.

📞 604-351-6485
📧 [email protected]

Address

#405/7327 137th Street
Surrey, BC
V3W1A4

Opening Hours

Monday 10am - 5pm
Tuesday 10am - 5pm
Wednesday 10am - 5pm
Thursday 10am - 5pm
Friday 10am - 5pm

Website

https://www.vicksahotamortgages.ca/discoverycall

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