Tag Archive for: mortgage broker

The High Road

There are moments in life where people do you wrong for seemingly no logical reason. You could do what a lot of people are doing these days and trash them on social medial and huff and puff and go around how they are ruining your life. Or better yet you could be the bigger person, acknowledge what was said and done and move one like a grown up.

I admit that yes it does suck but letting it bother you and effect all area’s of your life frankly sucks a lot more. You can not control the events around your life. The one thing that you can control is your response or reaction to those events. This does not mean that you should not defend yourself, but doing so should not also involve also trying to take down the person who did you wrong. The old expression still rings true that two wrongs do not make a right.

Today I am thankful for the new perspective that today brings, that sleeping on your challenges always helps bring upon new solutions that you never thought about and inside every challenge are the seeds of great opportunities.

“It’s a rough road that leads to the heights of greatness.” —Lucius Annaeus Seneca

“How people treat you is their karma. How you react is yours.” —Wayne Dyer

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

Opporunity Cost

Not all financing is created equal. There are low rates for AAA credit clients, moderate rates for alternative lending and higher rates for private mortgages. I have done a lot of private lending over the years and at the end of the day it is never about the rate it is about the opportunity cost. The cost of completing your build on time, the cost of loosing your home or the cost of picking up this property at the right price and the right time. All these things private lending can help you accomplish.

It’s true that private lending is not for everyone. It is essentially a bridge loan which takes you from where you are right now to where you want to be. There is also a cost for missing out on the opportunities and this is just one option available to you to make sure that you don’t miss out. This is not long term financing but financing to make sure that you don’t miss out on the opportunities in life.

Today I am thankful for a beautiful walk to my meeting this morning, that it was close enough so I could do that and for my dog who tells me that Amazon or election people were at my door.

“Intelligent people make decisions based on opportunity costs”. Charlie Munger

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

Comfort zone

One of the worst places to possibly be is in the comfort zone. This means that you have settled and that you are more or less just going though the motions. When you are comfortable you don’t push yourself to improve or get better, you are just happy doing what you are doing and not taking any chances.

While I am not saying that you should quit your job or terminate your relationships all to give you some challenges in your life. You should always have something that you are striving to achieve as this makes you driven and motivated to keep improving and moving your life forward.

Today I am thankful for the challenges that I face on a regular basis that keep me moving forward, for a fun afternoon canoeing with my son and the start of an exciting week ahead with beautiful weather.

“Move out of your comfort zone. You can only grow if you are willing to feel awkward and uncomfortable when you try something new.” Brian Tracy

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

5 to 10 basis points

This amounts to .5 to .10 of a percentage point as a basis point is essentially 1/100th of a percentage point. I bring this up as consumers will shop their mortgage business and leave an existing relationship at the last minute for perceived deal of 5 one hundreds of a percent.

So here is some mortgage math for you. Let’s take the average current mortgage balance of 400,000, taken over 5 year term and 25 year amortization. At current 5 year fixed rates of 2.09% that would give you a mortgage payment of 1,711 per month. There are also some no frills quick close deals at 1.99% giving you a monthly payment of 1,692 per month. This amounts to a savings of $19 a month or $1,140 over the 5 years. Or $5 per hundred thousand mortgage balance.

Remember not all products are created equal. Some products are locked in closed for the term, meaning that the only way to break it is with the power of sale. Some have reduced pre payment privileges or no portability features. Make sure that you look at everything as there is more to consider than just the rate.

Today I am thankful for a warm and refreshing run this morning before it got too hot, a delicious burger delivered right to my door yesterday and that my dog recovered quickly from overheating on Friday night.

“Do not let Sunday be taken from you. If your soul has no Sunday, it becomes an orphan.” – Albert Schweitzer

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

Beach Day!

Some weeks the accomplishment is just making it to Friday. If this is you, I feel your pain. However with the warm humid weather we are having it will be a great time to head to the beach. One of the things we are blessed with here in Nova Scotia is lots and lots of beaches. We have over 90 beaches and 7,500 km of coastline you are guaranteed to find one that you like.

Although our summer’s are typically short and now that the hot humid weather is here, a day at the beach could be a great idea. With the hot air temperature and cool water make a perfect combination to refresh and recharge. Here is a link to find the perfect beach for you so you can enjoy a perfect day by the water.

Today I am thankful for the relatively cool nights that have accompanied these warm days, having several beaches to choose from which are only a short drive away from home and friends with pools on warm hot summer days.

“Live in the sunshine, swim in the sea, drink the wild air.” Ralph Waldo Emerson

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

Approved or qualified

There is a vast difference between getting pre-approved for a mortgage and getting pre-qualified. One holds your rate for up to 120 days and allows you to go house hunting and the other just gives you rough idea of what you can afford. Yes getting a pre-approval will take some time but it is worth it in the end. There is nothing worse for you realtor than finding out after you have been house hunting that you in-fact can’t get the financing for the house you want cause you didn’t take the time to go through the formal pre-approval process.

In this hyper competitive housing market it is absolutely necessary to get pre-approved BEFORE you start house hunting. Here are the steps to take, complete the mortgage application and submit all necessary supporting documents with the application. Together we will review your credit, income and down payment then discuss the various mortgage options. Once you have settled on what you like, we will submit your file for a pre approval rate hold. The banks are very busy so it may take a few days to get it back. Once it is back then go shopping with confidence.

Today I am thankful for my internal alarm clock waking me up at the perfect time, First time clients closing on their home today and kids up early and out of the house with their friends.

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

Stressed?

What do you do to when you’re feeling stressed? We don’t all have the perfect lives and things don’t always go according to plan so you should have structures in place to help you cope. Some of the great strategies I use are starting my day with a 20 min meditation thanks to the Headspace app and other than it’s regular daily exercise. A nice 5K run or 30 clean & jerks for time are great ways to clear my head. I also find that listing to classical music particularly relaxing when going for a run is not possible, and who doesn’t live a great piece by Rossini???

Whatever you do to cope with life’s stresses just make sure it’s constructive and doesn’t make your life overall worse. Chances are someone has already gone though what you currently find yourself struggling with. Having friends or family members to speak with always helps as well.

Today I am thankful for the fact that my teenaged girls have summer jobs to get them out of the house, great friends and family who are there to check in with when the road seems rough and the delayed onset muscle soreness from a great workout.

“The greatest weapon against stress is our ability to choose one thought over another.” William James

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

Square pegs into round holes

They say that trying to get someone to do something that they didn’t intend on doing is like trying to fit square pegs into round holes. I view my position as a mortgage broker the same way. I am not doing this to convince you to get a mortgage or heck to even convince you to work with me. Both of these things you must decide to do on your own.

Lots of people ( less now actually given the price of real estate) buy homes with out mortgages, and there are plenty of other people doing the same thing I am doing. My role as I see it is to provide the potential clients with the best information possible so they can make an informed decision about this process. If they decide that they need a mortgage and they want to work with me then fantastic otherwise I am off to help the next clients.

Today I am thankful for the support and encouragement of close friends as I faced a surprising challenge recently, for seeing deer on my walk with the dog last night in the middle of Halifax and for always having options for solutions to current problems.

“Defeat is a state of mind; no one is ever defeated until defeat is accepted as a reality.” Bruce Lee

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

Learning

If things went right the 1st time you did them how would you ever learn. We crawl before we walk, and walk before we run and frequently we fall in the process. It’s by failing and getting up and doing it again that we learn to perfect our approach.

Today I am thankful for all the learning experiences that have brought me to where I am today, the rejuvenating nature of a mid afternoon nap and the smile that comes from hearing someone’s big bell laugh.

“Every champion was once a contender who refused to give up.” – Rocky Balboa

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

Mind over matter

Minor annoyances tend to grow much larger when attention is put towards them. Someone cuts you off in your morning commute and suddenly you are in a bad mood all day. Your team loses the big game ( sadly it happened) or the injection site of your vaccine is sore. You could focus all your energies towards what didn’t go as you planned or you can acknowledge it and get on with your day.

This is my frame of mind today. Yes they lost, that happens and I was still immensely proud of their performance during this year’s playoff run. There was also a brief time when I got up this morning and noticed that my shoulder was sore. I just acknowledged it and got on with my day. Ran 5K and just got back from donating blood and feel awesome actually.

Don’t dwell on what didn’t go your way, focus instead on where you want to go. Your day and your life will be much better as a result if you think about what you want rather than what you disagree with or what causes you some discomfort. Cause if you don’t mind it doesn’t rally matter.

Today I am thankful for the great people at Canada Blood Services who always make me feel comfortable and special, the arrival of my new barbell so I can show my kids how to lift and just generally feeling unstoppable.

“Rule your mind or it will rule you.” Buddha

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