James Avila Mortgage Broker

10/12/2023

It can be quite a shock receiving a renewal notice from your lender with an interest rate offer that is way above what you were paying. Yes, rates are high and it seems that they just keep climbing weekly. You do have options and you don't have to stay with your existing lender if the rates and service are not up to your standard. I can give you options and simplify the process of transferring if it makes sense.

# mortgagedad

09/06/2023

This pause in rate increases directly affects variable rate holders by keeping payments the same. Fixed rates are still seeing some fluctuations as they react to bond yields. I can help you understand what these metrics mean to you and your mortgage.

08/16/2023

Renewing into today's rates can be challenging. Factors in the economy have been stubborn and continue to put pressure on fixed and variable rate holders. If you are unsure how to proceed through this rate environment, we can help.

07/11/2023

All signs are pointing to another rate increase tomorrow which directly affects variable mortgage rate holders. Since the last BOC meeting, fixed rates have also increased with some metrics not seen in 15 years putting even more pressure on buyers.

07/09/2023

Incredible turnout for the Victoria Pride Parade. Well done

05/25/2023

The headlines can layer first time home buyers with waves of bad news. Let's clear the air and see what you can do in this market.

04/20/2023

Come join us for this great open house between 1 and 3 pm both Saturday and Sunday. We will be in the office at Latoria Walk at 627 Brookside avenue here in Colwood to answer all of your mortgage inquiries.

02/01/2023

Have fixed mortgage rates peaked and trending down while the worst of inflation is behind us in the rear view mirror?

01/05/2023

Happy New Year 2023. Let's have a great year.

11/10/2022

https://youtu.be/PrYSjN6-Pbo

Great short clip about the history of mortgages which might explain what happens next with inflation and interest rates. Enjoy and please comment if you have a question or a mortgage renewal on the horizon.

In the early 1900s, mortgages were merely just long-term loans with monthly interest. UNTIL some historical world events had their day. AKA, the Great Depres...

11/05/2022

Really interesting read on history of prime rates, inflation and Canadian cost of living.
Have a great weekend folks!!

Canadians’ wallets are feeling the bite on two sides: soaring prices and rising borrowing costs. We crunched the numbers to show how much more they’re paying

10/03/2022

Proud to be carrying the flag over here in . Thank you for your expertise and please feel free to drop by for a coffee