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 …

A new home ready for sale, highlighting 5 Things You Shouldn't Do When Qualifying for a Mortgage

5 Things You Shouldn’t Do When Qualifying for a Mortgage

Matthew Jackson Mortgage Tips

Qualifying for a mortgage is a big process. A lot of information is gathered and a lot of it relies on everything staying the same during the qualifying time. Many people don’t know that a simple thing like purchasing a new car can wreck a whole mortgage qualification! But, sadly, it can and I’ve seen it happen a time or …

First Time Home Buyers – What You Need to Know

Matthew Jackson First Time Home Buyers

First time home buyers, this is the blog post for you. Firstly, I want to say congratulations on making the decision to purchase your first property. Above anything else, this is an exciting time in your life and I want to provide you with all of the information you need.  You may have heard that buying your first home can …

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 …

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 …

Man sitting at desk with a pile of folders and a miniature house on top; highlighting the Kelowna mortgage blog

Why a Lawyer Is Essential in the Mortgage Process

Matthew Jackson Mortgage Tips

There’s no doubt that buying a home is among the largest financial investments that you’ll make throughout your lifetime. That’s why it’s important that proper financing is established and you fully understand your obligations as a borrower. A lawyer is essential in this process. If you’ve already had a mortgage, you’ll remember the stack of paperwork you’re directed to review …

Couple of first time homebuyers sitting on the floor of their new home, with closing costs calculated into their budget

First Time Homebuyers: Plan Ahead for Closing Costs

Matthew Jackson First Time Home Buyers

If you’re buying your first home, all of the various expenses rolled into the term ‘closing costs’ can seem overwhelming. Closing costs include all legal and administrative expenses you’ll be responsible for paying on or near your home’s closing date. It’s important to include these costs in your budget because, in most cases, they can’t be rolled into your mortgage …

Man holding a toy bridge with a plastic model house and calculator in the foreground, referencing Mortgage Bridge Loans

Mortgage Bridge Loans

Matthew Jackson Mortgage Tips

In this post I am going to talk about mortgage bridge loans, used for buying another property before your current property sells. Bridge loans are typically used to cover your down payment for a new property before your current property selling.   Purchasing Without a Bridge Loan Fee-wise, the cheapest option from the bank is for you to sell your …