Tag Archive for: mortgage excellence

Currency

No it’s not Money, but time is your greatest currency. Whether you believe it or not, but you can always make more money. You can’t make more time. So if there is something that you have been putting off that’s important to you, then you best do it now before it’s too late.

“What would life be if we had no courage to attempt anything?” Vincent Van Gogh

  • Julia Child published her first cookbook at the age of 50
  • Leonardo Da Vinci painted the Mona Lisa at 51
  • Dr Seuss wrote “Cat in the Hat” at 54
  • JRR Tolken was 62 when “Lord of the Rings” came out.
  • Colonel Sanders was 61 when he started KFC
  • Nelson Mandela was 76 when he became President of South Africa

These are just some proof that it is never too late to be what you might have been. The future is still bright and anything is possible as long as you just believe that it is.

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 Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

Soap Box

Just because you have the biggest soap box and are the CEO of several large firms ( which shall remain nameless) does not mean that the financial regulators in your country have to listen to and follow your advice. Yes these recent rate hikes have been painful to business owners and consumers alike, but it does not mean that they were unwarranted.

The US Federal Reserve Chairman Jerome Powell is due to address the state of the US economy and the effects of all the recent rate increases later today. As much as we all want the rate increases to stop and to even reverse course with some decreases, this is highly unlikely to happen. What is most likely is language addressing the continued need to move the rates higher to finely get control of inflation.

So criticize, condemn and complain all you want from your oversized soap box it is not going to change things. Inflation rates are still at record levels even though they have started to come back down, they have not come down fast enough or by margins that would dictate a reversal of course by the Federal Reserve or our central bankers.

Today I am thankful for the fact that our electrician showed up much earlier than expected, that we now have working under cabinet lights in the kitchen and functioning security lights.

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 Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

Slow Progress

Slow progress is still progress. The latest economic figures are out and the Canadian GDP grew by .7% in the third quarter compared to the estimate of .4%. At an annualized rate the economy grew by 2.9% in the third quarter. While still not a recession the rate of growth has been shrinking over the past few months. This is down from an estimate of 3.2%, which was driven by strong exports of oil & gas products.

The key to the reports was the changing demand from Canadian consumers which was down 1% and business investment dropped 5.1%. Both key figures which point that we are heading towards negative territory very soon. The silver lining may be that these pullbacks may give the Bank Of Canada the data they needed to start softening the interest rate hikes so we may get the soft landing that they talked about.

As things stand right now, the market has priced in a .25% interest rate increase durning the next meeting on Dec 7th. This is significantly toned down from the 100 bps and 75bps increases that we have had recently.

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 Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

Cyber Monday

Since today is Cyber Monday 2022, here are a few ideals for you today.

  • Give the gift or your presence instead of your presents.
  • Make a loved one a homemade meal
  • Spend the day with them and unplug and turn off your electronic devices
  • Have a movie marathon
  • Go carolling as a family
  • Make Christmas cookies together
  • Go for a walk or drive to see all the Christmas lights
  • Play some board games or card games
  • Volunteer your time together to help those in need

Everything is more expensive this year but what is priceless is your time and attention, so give that instead. The gift that is unwrapped will soon be forgotten but the time spent together will create memories that will last a lifetime.

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 Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

It’s not what happens

It’s not what happens in life, it how you deal with it that is all that matters. Bad suff happens to everyone every day, just pick yourself up, learn from what happened and move on. It doesn’t matter if you got your heart broken, lost your job or your football team lost. You can’t win all the time, so learn from what happened and keep going.

“Success is stumbling from failure to failure with no loss of enthusiasm”. Sir Winston Churchill

Today I am thankful for the times that I have failed and learned what didn’t work so I could try again, the perspective that no failure is permeant if we learn and keep trying and that there are three more games to watch today and surely I will be able to successfully pick a winner.

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 Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

Cookie Cutter

There is no cookie cutter or one size fits all solution when it comes to your mortgage requirements. Just like all clients are not suitable for the same mortgage product, I am equally not suitable with all clients. What works for one person may not nor will not work for another. This is why it is best listen and find out what is important to each client.

However products or services can not be recommended until all documents have been received and reviewed for each client. To quote someone a rate or product prior to reviewing any and all of their supporting documents would be unfair for the client and unwise for myself the broker.

As the saying goes, you never learn anything when everything goes smoothly the first time. It’s when it goes sideways or badly that you learn to do things differently for the next time. What will not change is that I can not commence underwriting your file or recommending mortgage products to you until all supporting documents have been received.

Today I am thankful for feedback from clients regarding my process, a great game by our Canadian men yesterday and my bank for blocking then unblocking ( I had to call them to do that part) my credit card while I was Christmas shopping.

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 Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

World Cup 2022

No not the Quidditch World Cup, the World Cup of Football or soccer for those who play in the US. I have to confess that I had not really followed football until I watched “Welcome to Wrexham” recently. Now I love it. Watching Wales come back and tie and almost beat the Yanks was amazing.

Here are a few interesting World Cup Stats.

  • Average viewership for the world cup in 2018 was 191 Million, compared to only 100 Million for the Super Bowl in the US or 150 Million total viewership world wide. The finals for the last world cup brought in 517 Million viewers.
  • As for total reach approximately 3.56 Billion people watched at least 1 min of the past world cup in 2018 compared to only 3.05 Billion to the Olympics in 2020.
  • Most world cup wins goes to Brazil at 5 ( 58,62,70,94 &02) with Germany coming in with 8 in the top two.
  • Longest gap in successive appearances in the world cup finals goes to Wales at 64 years. I have to say that after watching “Welcome to Wrexham” I am really routing for them to do well.
  • The team with the most world cup finals appearance goes to and it’s no surprise that it’s Brazil at 22 appearances.
  • The largest attendance record for a final was set at 114,600 for a game between Argentina vs West Germany in 1986 and the largest overall attendance was 199,854 for Uruguay vs Brazil in 1950.

Football or Soccer is literally a world sport and the FIFA World cup is the biggest sporting event. Whether you agree or disagree with Qatar hosting the event, there is no doubt at all that the world will be watching to see what happens during the tournament. Go Canada and Go Wales.

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 Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

Playing Catch Up

Do you ever feel like you are playing catch up from the moment that you get up in the morning till your head hits the pillow at night? If this is you you may need to put the brakes on and start planning ahead. Nobody wants to go around all day in reactive mode, you get way more done by being pro active and planning ahead.

  • Plan tomorrow before today finishes
  • Set out your workout gear the night before
  • Prep your meals for the week on Sunday
  • Prepare in advance for all your meetings
  • Live on last months income with the help of YNAB
  • Slow down and focus on the task at hand
  • When all else fails, stop and do 8 rounds of box breathing

Today I am thankful for getting caught up after sleeping in longer than I had wanted, that Wales came back and tied their match yesterday and getting to walk the dog after the sun came up for the first time in ages.

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 Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

Not Now?

If not now, then when? We all arrive on this rock with an expiration date, yet most of us live life as if it will never come to pass. More or less just existing rather than truly living. Knowing what we should do but never doing it. How is that living?

We all know that we should eat better but we never do it. We all know that we should exercise more but we never do it. We all know that we should save our money but we never do it. We should read more, study more, love more and try new things but we never do that.

Yet people come to a tipping point all the time and make the changes and stick with it. However it should not take surviving a heart attack to cause you to wake up and finely take care of your health. An eviction or foreclosure notice to wake you up about taking care of your finances.

I’ve said this before many times, the easy decisions in life more often lead to a hard life, while the hard decisions will lead to an easier one. Yes working out, eating right or watching your money may not be the easiest things to do when all your friends are eating pizza, drinking and spending every penny they make. Yet the hard decisions that you make today will pay dividends in the future.

Today I am thankful for the opportunity to discover new music while I workout, great idea’s from all the books I have been reading and growth from going outside my comfort zone.

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 Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

Know your number

For this post I am not talking about your SIN number or your age, phone number, work or student ID number. For this I am taking about your credit score. In order to qualify for a mortgage you must know your credit score and if it is poor how to improve it quickly.

Although you are way more than a number in so many ways, when it comes to mortgage lending there are hard stops when it comes to getting you approved based on your credit. Because the products I have available are so diverse I am not going to focus on one number for qualification but just to say that the higher the number the better the credit and the lower the risk of default for the lenders and easier to get you approved.

If you are reading this and you are new to Canada then you need to establish your credit as soon as possible. Opening a credit card, line of credit or getting a car loan will all help as they will report to the credit bureau’s. According to Equifax the new to Canada people are scoreable within 4 months of having a credit file created here in Canada with 80% over 660 beacon score.

In terms of the make up of your score, 35% comes from your payment history ( so make your payments on time and in full), 30% comes from utilization ( so the lower your balance is in relation to your limit the better), 15% from your history ( how you have paid your bills in the past), 10% from new credit ( takes time to develop a history) and the last 10% from the type of credit that you have. Knowing this you should pull your own credit ( this will not lower your score when done from the provider) once a month so you know exactly what is going on as your creditors report to Equifax monthly. So click on this link to go Equifax Canada and pull your own report today. If you find something that is not right then contact Equifax or your friendly broker so we can help you get it fixed.

Today I am thankful for the cool crisp morning and all the stars that were still out as Augie ( my dog) and I did our morning walk, new knowledge gained from a seminar this week and zoom meetings where I told my cousin that pants are optional.

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 Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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