Sheryl Wood Mortgage Advisor

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Canada
White Rock, BC
Sheryl Wood Mortgage Advisor

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More than 30 years Mortgage Experience. I help clients achieve their home ownership goals while delivering a professional client experience.

As a Mortgage Advisor with Dominion Lending Centres, Canada's largest mortgage company I am passionate about helping clients achieve their home ownership goals. With access to over 100 lenders including the major banks, credit unions, non-bank and private lenders I shop the market for you and can assist with your renewal or refinance. I will always give you the best rate available for the mortgage product that best suits your unique financing needs. I welcome the opportunity to earn your business by providing expert advice and a professional client experience.

10/31/2026

Happy Halloween! 🎃 The best treat of all? A front door that's all yours.

10/28/2026

The Bank of Canada raised its policy rate by 0.25% today, to 2.50%, its first increase since 2023.

• Variable-rate mortgages and HELOCs follow lenders' prime rates, which typically move with the Bank of Canada.
• Fixed rates follow bond yields, so today's move doesn't change them directly.

Shopping for a home? Rate holds on a pre-approval generally last 90 to 120 days depending on the lender, so it's worth knowing when yours expires. The next announcement is December 9.

10/24/2026

Buying a new home before the current one sells? Timing both sides can feel like a puzzle. Once the current home has a firm buyer, bridge financing may help cover the gap between buying and selling, depending on the lender. Planning the price, timing and terms of both deals together makes the whole process smoother.

10/22/2026

Buying with less than 20% down? In Canada, a smaller down payment means the mortgage generally needs default insurance, which protects the lender and can make it possible to buy sooner. The premium is usually added to the mortgage rather than paid upfront, and insured mortgages often come with competitive rates.

What does this mean for you?
Under 20% down: You can buy with less saved, but a one-time insurance premium is usually added to your mortgage. Insured mortgages are only available on homes under $1.5 million.
20% or more down: There’s no insurance premium and you borrow less overall, though uninsured mortgage rates are often slightly higher.

10/17/2026

Many mortgages include prepayment privileges that let you pay extra without a penalty, such as lump-sum payments up to a yearly limit or increasing your regular payment amount. Even small extra payments can shorten the amortization and save a meaningful amount of interest. Limits vary by lender, and going over them can trigger a penalty, so it pays to know exactly what your mortgage allows.

10/16/2026

So, what’s happening in Canada’s mortgage market this fall?
The market is shifting, and there are a few things worth keeping an eye on.
• Home sales are expected to finish 2026 below last year, but the current forecast points to a stronger 2027, with sales expected to increase by 3.7%.
• The national average home price is forecast to finish 2026 around $686,710, with modest growth expected into 2027.
• Affordability and housing supply continue to play an important role in the market, but conditions are changing from region to region.

The big takeaway? The Canadian housing market isn't standing still.
For Canadians thinking about buying, selling, renewing or refinancing, this fall is a good time to understand what's happening in the market and how it relates to your own plans.

10/12/2026

Happy Thanksgiving! Wishing you a cozy weekend with the people who make every place feel like home.

10/10/2026

New build or resale? The difference goes well beyond finishes and floor plans. With a new build, you often pay deposits in stages, closing can be months or even years away, and upgrades and builder closing costs can add up. Your mortgage is generally finalized closer to closing, so your income and credit still matter long after you sign. With a resale home, the timeline is usually shorter, but setting money aside for updates or repairs can matter just as much as the purchase price.

10/08/2026

Your amortization is the total time it takes to pay off your mortgage, and it's not the same as your term. A longer amortization generally lowers your regular payment but means you pay more interest over the life of the mortgage. At the same time, a shorter one raises the payment and reduces total interest. The longest amortization available to you generally depends on your down payment, whether your mortgage is insured and your lender. Extra prepayments, where your mortgage allows them, can shorten it over time.

10/06/2026

Some great advice if you are selling your home during a separation or divorce.

Selling the family home during separation or divorce is about much more than the transaction itself. Alongside decisions about pricing, repairs, finances and where to live next, there may be grief,

Address

15595 24th Avenue
White Rock, BC
V4A2J4

Website

http://sherylwoodmortgages.com/

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