brown card that says Down Payment in white text, next to a tiny plastic model house sitting on top of a calculator

Mortgage Down Payment

Matthew Jackson Mortgage Tips

You’re ready to buy the house of your dreams. You have a house you want to put an offer on, you’re ready and you’re excited. But, first, we have to make sure you have your mortgage down payment right and that it’s enough.  Banks are very specific on what they want to see for a mortgage down payment, depending on …

Woman drawing a house shape on a transparent screen, highlighting conventional mortgages and how to get a HELOC

A Conventional Mortgage and How to Get a HELOC

Matthew Jackson Mortgage Tips

Are you interested in learning more about conventional mortgages and how to get a Home Equity Line of Credit (HELOC)? It can seem pretty daunting if you don’t have experience with real estate, or have friends and family who have gone through the process themselves.  There are so many things to know, terms to understand and financials to consider. Thankfully, …

Establishing and Maintaining Good Credit

Matthew Jackson Mortgage Tips

You always hear about how important it is to have good credit. But, for a lot of people, they aren’t aware of how to get there. When you’re looking to buy a home in Canada, it’s crucial that you understand the importance of establishing and maintaining good credit.  In this blog post, I’ll explain what good credit looks like to …

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 …

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 …

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 …

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 …