Scrabble letters on a wooden surface highlighting Vendor Take-Back Mortgage Options

When Can a Vendor Take-Back Mortgage be Useful?

Matthew Jackson Mortgage Tips

Non-traditional mortgage options are becoming more popular these days following mortgage insurance and qualification changes. Implemented by the federal government, these changes have made it increasingly difficult for many Canadians to buy a home, particularly first-time homebuyers. One such option is a vendor take-back mortgage (VTB). With this solution, the seller extends a loan directly to the buyer. A VTB …

Welcome mat with the word 'home' and a heat, highlighting the mortgage process of buying and selling simultaneously

Planning to Buy & Sell a Home Simultaneously? Read This First

Matthew Jackson Mortgage Tips

It’s the million-dollar question: Should I sell my current home before buying a new one? There are many factors to consider when choosing to buy and sell your home in one fell swoop. While there are risks and challenges involved, as with many processes, your greatest success rate often comes down to being prepared.   Financial considerations One of the …

Closeup of hand holding new house keys; highlighting the importance of a homebuying team

Building Your Homebuying Team

Matthew Jackson Mortgage Tips

Buying a property is a big deal. It takes many experts in your corner to ensure you get it right, active throughout the homebuying and mortgage processes. There’s a substantial financial commitment, plenty of legal documentation, complex negotiations and, at times, stress. To ensure your homebuying journey runs as smoothly as possible, you’ll want to build a solid team of …

Modern white home highlighting a Home Equity Line of Credit

How to Benefit from a Home Equity Line of Credit

Matthew Jackson Mortgage Tips

Your home is a valuable investment. It offers a place for you and your family to live, grow and prosper. It also offers flexibility in terms of building equity. Here’s how to take advantage of the financial benefits. Taking Advantage of Home Equity Whether you’re looking for extra cash to cover renovations or repairs, or looking to consolidate high-interest unsecured …

A miniature wooden house on grass highlighting mortgage appraisal in kelowna

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 …

A clock, a miniature house, and piles of coins increasing in size; highlighting the options available for mortgage renewal

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 …

Couple with boxes on their heads sitting on floor in their new house, feeling stressed; highlighting the stress relief that Kelowna Mortgage Broker can provide in homebuying

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 common mortgage mistakes people make that are easily avoidable when you know the facts. Here are the top three mistakes and …

First Time Buyers Couple In Their New Home

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 …

Man in suit handing over keys to home owner illustrating buying a home through a private mortgage broker

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 …