A white model home with a brick chimney and white shutters sitting on a hedge, highlighting mortgage renewals

Mortgage Renewals

Matthew Jackson Mortgage Renewals

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 Self Employed Mortgages

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 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 ...