Michelle J Earl Mortgages

Michelle J Earl Mortgages Serving clients all over Vancouver Island, incl. Victoria, Tofino, Ucluelet, & everything in between. www.michellejearl.ca

I'm about providing a service for your financing needs that meets your every expectation in quality and integrity. I've completed First Time Home Buyers applications, Construction, Purchase Plus Improvements and Equity deals. I've found lenders to finance on Mixed Use, Micro Units and Leased Land. In todays ever changing and fluctuating market you can be trusted to know that I will source out the

best possible options for your current goals. Should you be purchasing, refinancing, switching for better rate or simply require a free consultation then please call (778) 678.9796 or email at [email protected] and we can simply get the process started. I will prepare you for the future and I work outside of bank hours offering far more flexibility and care when it's needed the most.

09/01/2023

As the leaves begin to turn and a fresh breeze fills the air, I wish all home buyers embarking on their journey this September:

May you find your dream home, where cherished memories will bloom, and your heart will forever find solace.

May the housing market favor you, offering you choices aplenty and favorable terms.

May your negotiations be smooth, your inspections thorough, and your paperwork seamless, guiding you to a worry-free closing.

May you discover a community that resonates with your spirit, where neighbors become friends and every street feels like home.

May your investment in bricks and beams be the cornerstone of a brighter future, a sanctuary of love, laughter, and endless adventures.

May this September begin a beautiful chapter in your life, as you unlock the door to your new home and step into a world of possibilities.

08/29/2023

Thank you for your kind words. Sometimes there are roadblocks, but it doesn't mean another path isn't possible. Because I am not tied to a specific lender I have many more chances to find a solution.

There are already early signs of some consumers facing difficulty with their payments, with Equifax Canada reporting a 1...
08/24/2023

There are already early signs of some consumers facing difficulty with their payments, with Equifax Canada reporting a 17% rise in non-mortgage delinquencies in the fourth quarter of 2022.

"We are starting to see increases in missed payments on credit cards and auto loans, particularly for lower-income consumers,” said Rebecca Oakes, Vice-President of Advanced Analytics at Equifax Canada. "The ability to manage finances through a sustained period of high inflation with rising living costs is, unfortunately, proving too much for some individuals.”

However, consumers with mortgages generally have options available to them in the form of a refinance or access to home equity lines of credit. This is where it would be beneficial to speak with a mortgage broker who can explore the various options available to borrowers based on their unique financial situation.

If financial stresses are increasing, mortgage borrowers are encouraged to reach out for help early before they start missing payments. Let's chat!

Aside from increasing their savings, consumers are taking other measures to bolster their financial stability. The surve...
08/21/2023

Aside from increasing their savings, consumers are taking other measures to bolster their financial stability. The survey revealed that 17% of respondents are paying down their debts more aggressively, while 15% are cutting back on their retirement savings. Another 13% said they are tapping into available credit more frequently.

More than half (54%) said they have cut back on discretionary spending. Specifically, over a quarter (26%) have canceled subscriptions or memberships and 21% have canceled or reduced digital services, TransUnion said.

Overall, only a minority of respondents (42%) said they are optimistic about their financial outlook over the coming year, and almost a third (32%) expect to face difficulty paying their current bills and loans in full.

According to data from TransUnion Canada, over a third of Canadians are bolstering their savings as a precautionary meas...
08/18/2023

According to data from TransUnion Canada, over a third of Canadians are bolstering their savings as a precautionary measure. Younger cohorts, including Gen Z and Millennials, are even more vigilant, with 50% and 39%, respectively, bracing for a potential economic downturn.

That’s despite the Bank of Canada revising its GDP growth forecasts upward in its recently released Monetary Policy Report. While it expects growth to moderate to an average of 1% in the second half of 2023 and the first half of 2024, it doesn’t foresee an economic contraction.

But Canadians aren’t convinced, according to TransUnion’s Consumer Pulse survey. Interestingly, 36% of respondents believe that Canada is currently experiencing a recession, whereas only 27% share the Bank of Canada's optimistic outlook that the country will avoid a recession by the year's end.

However, even if the country skirts a technical recession, surging interest rates and overall cost of living increases are undeniably taking a toll on consumers' financial well-being.

"While there is a mixed level of confidence in Canadians’ financial outlook, macroeconomic pressures remain top-of-mind for many,” said Matt Fabian, director of financial services research and consulting at TransUnion Canada. "Concerns around inflation, rising interest rates, housing affordability, and the perceived threat of a potential recession are affecting how Canadians are managing their household finances.”

Well, you just did. Thank you so much. Your kindness and feedback mean so much to me and my business. ...
08/15/2023

Well, you just did. Thank you so much. Your kindness and feedback mean so much to me and my business.

🍁 Happy BC Day! 🍁Today, as we celebrate this beautiful province we call home, it is essential to acknowledge the complex...
08/07/2023

🍁 Happy BC Day! 🍁

Today, as we celebrate this beautiful province we call home, it is essential to acknowledge the complex and profound relationship between the Indigenous peoples and the land we share. British Columbia is blessed with breathtaking landscapes, rich in natural wonders and cultural heritage. I'm proud to call it home.

I can almost feel this quote. It screams lemonade and long chats to me.
08/05/2023

I can almost feel this quote. It screams lemonade and long chats to me.

Understanding is of the highest priority. It was a pleasure to work with you.
08/01/2023

Understanding is of the highest priority. It was a pleasure to work with you.

Ill be honest, my absolute favorite place to workcation is the west coast. I barely need to leave my home to be in what ...
07/28/2023

Ill be honest, my absolute favorite place to workcation is the west coast. I barely need to leave my home to be in what feels like a new world. I am so grateful to live and work on the beautiful Vancouver Island.

If your break this summer must be a workcation, where will you take it?

Summer is a fabulous time to learn. Sit outside, connect, read, and educate yourself on current trends. Make downtime a ...
07/27/2023

Summer is a fabulous time to learn. Sit outside, connect, read, and educate yourself on current trends. Make downtime a time to sharpen the saw.

How are you growing right now?

Address

#420-737 Yates Street
Victoria, BC
V8W1L6

Opening Hours

Monday 8am - 6pm
Tuesday 8am - 6pm
Wednesday 8am - 6pm
Thursday 8am - 6pm
Friday 8am - 6pm

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