Pay the price

There is a cost for everything . You want to be in better shape, are you willing to pay the price of the hours of training and nutrition planning. You want to run a marathon, are you willing to do the training required to do that. You want a better ( or to be in a) relationship, are you willing to put in the time and effort that it takes to have a great relationship.

Free is for losers. You don’t want free, you want and the best of everything. There is a reason why it takes so many years to become a Doctor and only 3-4 for your average degree. Those people pursuing their doctorate are paying the price with their work ethic and their dedication.

The same applies to mortgage financing. Not everyone qualifies for the lowest rates. You must have above average credit scores to do that, and to get those you have to work at it. That is only one part of it as you also need the income required to qualify for that rate and that too requires work.

When you are willing to pay the price and put in the work almost anything becomes possible.

Today I am thankful for the rush of endorphins from a good workout, great conversations with people I am calling through the day and early morning sunrises when everyone is still asleep in my house.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here

Gratitude

To say that we are in the midst of a challenging time in our lives is without question. However when you really think about it, there is still so much to be thankful for. My friend Steve Foran has a company called Gratitude at work. He works with companies helping them incorporate gratitude into their daily operations. He also sends out a wonderful day newsletter with new things to be thankful for everyday.

In no particular oder here are just a few things I am thankful for today:

I am thankful for the health of my family and friends specially during this challenging time.

I am thankful for the ability to work from home as well as my wife.

I am thankful for waking up to the sounds of the birds.

I am thankful for rewarding and meaningful work.

I am thankful for a 50K bike ride with friends on Saturday ( yes less than 5)

I am thankful for seeing such a large turnout for asymptomatic testing this weekend in Nova Scotia. All our family got tested. Together we can all do our part to beat this virus.

I am thankful that we do have vaccines that will help end this pandemic.

I am thankful for my dog, when ever I may not be in the best mood he always smiles and wags his tail at me.

I am thankful for kind and compassionate people that I have met in the mortgage finance industry here in Canada.

I am thankful for my clients who have entrusted me to help them finance their current home or their dream home.

I would love to hear what you are thankful for as well.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).

Condition free offer’s

In a normal world real estate purchase and sale agreements come with conditions. Typically there are conditions for a property inspection, window coverings, air conditioning or heating equipment and of course financing. However since 2021 real estate market is unlike any other year, many people are writing condition free offer just to improve their changes of becoming the winning bidder.

However as I wrote about back on March 11, this may not be the best idea for most people. There are exceptions to this when your net worth far exceeds the amount of your new purchase. However other than that I would not advise it as there are too many potential landmines.

So when clients and or Realtors ask if they can submit a condition free ofter, my answer is the same if they asked to play blindfolded in traffic. I can’t make that call for you, nor will I be held responsible if you place a condition free offer. Just because you are pre approved does not mean that the lender will in fact like the property that you have picked out. While I can’t prevent you from going condition free, all I can do is help you get your financing secured as quickly as possible.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).

Time Flies

How does the expression go, “Time Flies when you’re having fun”. But you know what, it also flies when you are hard at work. Plan your day and work your plan and it will go much better. Start each day with an objective and it will also make it more fun and challenging at the same time.

The past is gone and the future hasn’t happened yet so put all your attention on your present moment and make the best of it.

Think of all the years passed by in which you said to yourself “I’ll do it tomorrow,” and how the gods have again and again granted you periods of grace of which you have not availed yourself. It is time to realize that you are a member of the Universe, that you are born of Nature itself, and to know that a limit has been set to your time. Use every moment wisely, to perceive your inner refulgence, or ’twill be gone and nevermore within your reach. Marcus Aurelius Roman Emperor 161-180 AD.

I look forward to hearing from you in regard to your mortgage needs.

Cheers,

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).

Blessed

For today’s short post I just wanted to share with you one of my Mom’s favourite expressions. This is a very unique real estate market that we are experiencing. Properties are receiving multiple offer’s and pushing sales prices well over asking prices and my lenders are backlogged. What was normally a 4 hour turn around time has now become 4-7 days depending on the lender. Day’s off have become a thing of the past, it’s full speed ahead and time to make hay while the sun shines.

Too blessed to be stressed.

I look forward to hearing from you in regard to your mortgage needs.

Cheers,

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).

Game of Patience

Today’s hot real estate market is not for the faint of heart. Not for buyer, Realtor’s or us Brokers. If anything it requires a game of patience. It is now almost commonplace for listings to receive multiple offers and end up selling for much higher than the listing price.

People who are pre approved at 500K have to start house hunting around the 375K mark if they hope to be the successful bidder on the property. Also if the broker or mortgage specialist was smart that would mean that they are pre approved at the maximum amount so putting in an offer at 515K is not going to be approved.

Once becoming the successful bidder now the real work begins for us brokers. Yes we do underwrite up front and our clients all have pre approvals before starting shopping but the lenders are all overwhelmed and back logged. What was a 4 hour turn around time on our files is now turning into 4-5 days.

So let’s all take a deep breath, say Namaste and practice some patience and know that we will get there soon.

I look forward to hearing from you in regard to your mortgage needs.

Cheers,

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).

Tech Support

Just a quick shout out to all the hero’s working in tech support. While most of us are now working at home, tech support has been a life saver from time to time. Just got off the line with my expert to fix my VOIP business line. Upgraded my soft phone which runs on my laptop last night and it decided it didn’t want to work. Since I spend the majority of my day on the phone with clients, banks and referral sources, having no office line would make for a very unproductive day.

Just like Trevor was there to help me with my tech issues today, if you feel like you need “tech support” for your mortgage then please give me a call as I would love to help you now that my phone is working.

I look forward to hearing from you in regard to your mortgage needs.

Cheers,

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).

Hard at work

Financing your dream home or refinancing your current home is important work. Let me work hard for you.

I look forward to hearing from you in regard to your mortgage needs.

Cheers,

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).

I am that guy

I don’t go out drinking with the boys, or play a round of golf a week, or take two hour lunches or even take two week vacations. 9 times out of 10 if you call you will get me unless I am talking on the other line. My job is to get your mortgage approved, sleep, eat, workout early but that’s it.

I look forward to hearing from you in regard to your mortgage needs.

Cheers,

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).

We could all use a little more Kaizen in our lives

In case you are not familiar with the term, Kaizen stems from the Sino-Japanese word for Improvement or change for the better. This is a concept referring to activities that lead to constant and continuous improvement. This has been applied in many area’s from manufacturing, logistics, healthcare, psychotherapy , personal development coaching, government and banking.

This ironic thing is that American business consultants brought this concept to Japan after the second world war. The magic of this was instead of focusing on large scale changes to processes, it instead talked about implementing small improvements that could be done right away. Toyota adopted this as part of their manufacturing process and yielded large results in terms of their productivity and their quality of products. So much so that by the 90’s rolled around they had over taken GM, Ford and Chrysler in terms of volume and quality.

So what small change can you make today that will help you move your life and productivity in a new and better direction? Can you go for a walk instead of watching another tv show? Can you make a nutritious meal at home instead of having fast food? Can you make some cold calls to improve your sales? Can you put some money away to save for your down payment on your next home or your next big adventure when the world goes back to normal.

Just do something and build upon it and anything will become possible.

I look forward to hearing from you in regard to your mortgage needs.

Cheers,

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).