Closeup of a hand holding a set of keys with a silver house keychain, highlighting the choice of securing a mortgage with a mortgage broker or bank

Mortgage Broker vs Bank – Who to Choose?

Matthew Jackson Mortgage Tips

Who should you go with for a mortgage, your bank or a mortgage broker? That’s the question I’ve been asked the most in the past eight years of being in business! I never get tired of answering it though because a lot of people don’t know the benefits of using a mortgage broker compared to just going with their bank.  …

young girl playing in a moving box while parents watch, after choosing the right mortgage broker in their home buying process

5 Things to Consider When Choosing Your Mortgage Broker

Matthew Jackson Mortgage Tips

Choosing the right mortgage broker is a huge decision during the home buying process. There are several big-ticket items that people should consider when deciding on who to use as their mortgage broker.  In this article, I’ll share 5 things to consider and share where I place on all of these as well.   1. Education and experience. When you …

model house on a wooden surface with wooden letter blocks that read 'stay home', in reference to missed mortgage payments and the covid-19 pandemic

Missed Mortgage Payments and Mortgage Deferrals 

Matthew Jackson Mortgage Tips

There has never been a good time to miss a mortgage payment. While Canadian lenders stepped up and offered mortgage deferrals to those affected by COVID-19, there are still homeowners unable to make their mortgage payments.  According to Canadian Mortgage Trends, one in 20 homeowners said they missed a recent mortgage payment due to the pandemic. The survey from Forum …

Sharpie drawn stick people isolating in homes on paper cutout; highlighting mortgage payments during the COVID-19 crisis

Mortgage Payments During the COVID-19 Crisis

Matthew Jackson Mortgage Tips

While the world may seem like it’s completely different than it was a month ago, I wanted to shed some light on the mortgage situation. If you’ve been required to go into self-isolation or have been laid off from work, you are probably questioning how you’ll make your next mortgage payment. In this blog post, I will share what the …

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

When Can a Vendor Take-Back Mortgage be Useful?

Matthew Jackson Alternative Mortgages

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 Renewals

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 …