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What’s an Appraisal & Why Do I Need One?

Matthew Jackson Mortgage Tips

If you’re in the market to buy a home, you’ve likely been conducting a lot of research. You’ve looked into the various types of homes available, possible listings in your desired area, financing and documentation requirements, as well as the different types of professionals who will make up your homebuying team This includes the more obvious experts, such as your …

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Renewing Your Mortgage? It’s Important to Weigh Your Options

Matthew Jackson Mortgage Tips

Every time you’re in the market for a new mortgage, it’s beneficial to spend as much time considering your options as you did for your very first mortgage. This will ensure you save the most money possible throughout your mortgage term. A number of different factors such as the rate, term, amortization period, and prepayment will determine which mortgage is …

Kelowna Mortgage Broker

3 Common Mortgage Mistakes & How to Avoid Them

Matthew Jackson Mortgage Tips

As is the case with many aspects of our lives, securing a mortgage on a new or existing home can be a lot less stressful – and a whole lot more straightforward – when we’re prepared. There are many mortgage mistakes people make that are easily avoidable when you know the facts, including the following three examples. Mistake #1: Failing …

Man sitting at desk with a pile of folders and a miniature house on top; highlighting the Kelowna mortgage blog

A Lawyer is Essential in the Mortgage Process. Here’s Why

Matthew Jackson Mortgage Tips

There’s no doubt that buying a home is among the largest financial investment you’ll make throughout your lifetime. That’s why it’s important that the proper financing process is followed and you fully understand your obligations as a borrower. If you’ve already had a mortgage, you’ll remember the stack of paperwork you’re directed to review before you sign. And, if this …

Your Social Media Posts Can Impact Your Mortgage Approval!

Matthew Jackson Mortgage Tips

That’s right! In a time when so many people are openly posting about their lives online – from blogs and websites to Facebook and Instagram – it’s important to keep in mind that too much information at your lender’s fingertips can negatively impact your chances of getting a mortgage. As part of their research into whether they should lend you …

First Time Homebuyers: Plan Ahead for Closing Costs

Matthew Jackson Mortgage Tips

If you’re buying your first home, all of the various expenses rolled into the term ‘closing costs’ can seem overwhelming. Closing costs include all legal and administrative expenses you’ll be responsible for paying on or near your home’s closing date. It’s important to include these costs in your budget because, in most cases, they can’t be rolled into your mortgage …

Going Through a Separation or Divorce? I Can Help

Matthew Jackson Mortgage Tips

No matter how prepared you feel when your marriage breaks down, navigating a separation and then a divorce is an emotionally draining experience – regardless of who initiated the process. Separation and divorce can also be expensive as you begin dividing your finances and assets. But getting an early start on these proceedings can save you a lot of time, …

Buying Your First Home in Canada

Matthew Jackson Mortgage Tips

Have you immigrated or relocated to Canada within the past five years? Whether you’re a permanent resident or in the country on a work permit, I have access to some great specialty mortgage solutions with affordable down payment options. If the property value of the home you’re looking to buy is below $500,000, you can make a purchase for just …

When Does a Private Mortgage Make Sense?

Matthew Jackson Mortgage Tips

Stress test mortgage qualification requirements that were introduced last year have resulted in many more Canadians becoming familiar with private mortgage options out of necessity. Prior to this change, many borrowers viewed the world of private lending as somewhat of a mystery. Private mortgages have been around for years, but they were often reserved for people who had credit or …

Kelowna Mortgage Broker

Self-Employed? I Have Great Mortgage Options for You!

Matthew Jackson Mortgage Tips

Traditionally, when you’re self-employed and applying for a mortgage, you’ll likely face more obstacles than someone who earns a regular salary through an employer. If you can prove your income, show you’re up-to-date on your taxes and you have solid credit, however, your chances of being approved for a mortgage are greatly improved. Self-employment numbers continue to grow steadily. Statistics …