Kelowna Mortgage Broker

First Time Home Buyers

Matthew Jackson Mortgage Tips

Here is some great information first time home buyers should take note of. If you are a first time home buyer this is going to be an alien and somewhat stressful process, so hopefully this sheds some light on the process and what to expect. Qualifying: If you are an employee what we will request is generally a job letter …

Kelowna Mortgage Broker

Mortgage Renewals

Matthew Jackson Mortgage Tips

Here is some information for when the time comes to renew your mortgage. When you choose a fixed or variable rate mortgage, you choose a term where you are guaranteed a certain discounted rate at the bank from 6 months to 10 years. Once that term is near completion, normally your bank will send you a letter stating your renewal ...

Self Employed Mortgages and Income

Matthew Jackson Mortgage Tips

Here is a good introduction and some information on self employed mortgages. As a Sole Proprietor the basic guideline the banks go off of would be a two year average of your line 150 income. What that means is your income after all of your write offs showing on your notice of assessment line 150. So if your gross income ...

Kelowna Mortgage Broker Blog Fixed vs Variable Rates

Matthew Jackson Mortgage Tips

Now is a fantastic time to purchase a home! Why?  Interest rates are going down like crazy right now making it perfect for Buyers and a great opportunity for Sellers looking to sell their home as well.  Because of this, I thought it would be a good time to go over fixed vs. variable rates, giving you a brief overview ...

Establishing and Maintaining Good Credit

Matthew Jackson Mortgage Tips

Establishing and Maintaining Good Credit The mortgage industry is booming at the moment! There are more buyers and people wanting to purchase a home than there have been in recent years for quite some time as the market has once again become healthy. Before getting a mortgage, it is good to know what a bank wants to see as well ...