closeup of a hand pointing to a place in a paper document, and another hand signing with a pen on that spot; highlighting getting a mortgage with a cosigner

Qualifying to be a Mortgage Cosigner

Matthew Jackson Mortgage Tips

For some people, it may seem like getting a mortgage is essentially impossible. But, I’m here to tell you that isn’t always the case! Whether you’re a student, transitioning to a new job or you just don’t fit the bank’s guidelines, getting a mortgage may still be in the cards for you. You’ll just need a little help from your …

hand holding a pen and cosigning a mortgage document

Should You Cosign a Mortgage?

Matthew Jackson Mortgage Tips

Cosigning a mortgage is a decision that should be thought out and carefully examined. Depending on the situation, there can be major repercussions that land on the cosigner if the borrower isn’t able to pay for the loan.  But, cosigning can also be a fantastic way to help a loved one qualify for a mortgage when they otherwise wouldn’t be …

House at dusk after rainfall, highlighting Matthew Jackson Kelowna Mortgage Broker; apply for the best Apply Kelowna Mortgage Rates

New Mortgage Rules January 1, 2018

Matthew Jackson Mortgage Tips

There are some substantial changes arriving on January 1, 2018 that will make it more difficult for anyone looking to purchase or refinance their property with 20% or more down payment or equity. FICOM is implementing a rule change that make it so when anyone in Canada looking for financing at 20% and above equity would need to qualify under …

Small wooden block house and silver key sitting on paperwork, highlighting credit scores and mortgage programs

Different Credit Scores and What They Fit For Mortgage Programs

Matthew Jackson Mortgage Tips

Credit is more important now than ever before. Equifax and Transunion recently changed how they calculate your credit score, with very good credit getting even higher and not so great going lower in most cases. I cannot explain exactly what they changed other than their formula for calculating, and that they put more emphasis on delinquencies and also positive factors …

Piles of money sitting on a wood desk surface with a small monopoly house on each pile illustrating home equity through the mortgage process

BC Home Owner Mortgage and Equity Partnership

Matthew Jackson First Time Home Buyers

Hey everyone, I know I am a little late to the party on this one but its taken a while to figure out exactly what BC Housing wants when a client submits to them as they are very picky and also the best ways to position this at lenders. BC Home Owner Mortgage and Equity Partnership Here is the purpose …

Front garden with a red 'for rent' sign near entrance, highlighting buying a rental property

Buying A Rental Property

Matthew Jackson Mortgage Tips

I wanted to write about buying rental properties as it is getting more difficult each year to buy them. This will focus on clients who have less than 4 or 5 rental properties To start, most banks will only allow you to own up to 4 or 5 rental properties plus your owner occupied property. Doesn’t matter if the properties …