Hand putting coins in a piggy bank with graphs and a calculator; highlighting how banks view employee income

How The Banks View Employee Income

Matthew Jackson Mortgage Tips

Employee income is one of the most important aspects of being approved for a mortgage. Lenders will qualify you for the mortgage based on your income, your debt, and your down payment. In this blog post, I thought it would be a good idea to discuss how lenders see income. Whether you’re full-time, full-time salary or part-time, your income levels …

hand holding panned credit cards, highlighting means of acquiring credit for a mortgage

Easiest Credit To Acquire When You Have Limited Or No Credit

Matthew Jackson Mortgage Tips

Do you have little to no credit, damaged credit or are just starting to build your credit? If so, this is the blog post for you! Being a mortgage broker, I have seen a lot of people in these situations. It’s never easy to build your credit when first starting out and it can sometimes take years to establish even …

A recent college graduate in cap and gown, highlighting buying a house and qualifying for a mortgage with a student loan

Qualifying for a Mortgage with a Student Loan

Matthew Jackson Mortgage Tips

Can you qualify for a mortgage with a student loan? It’s a popular question and I’m here to tell you that it’s completely possible! And, quite common as well. In this blog post, we’ll dive into what it means to have a mortgage with a student loan and what you can do to prepare for what’s to come.  Let’s get …

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 …

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 …

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 Alternative Mortgages

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 …

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 …