Tag Archive for: mortgage options

Giving Thanks

As we move closer to Thanksgiving here in Canada, it’s the perfect time to reflect on all the things that you are thankful for.

  • I am thankful for my girls coming home from university
  • I am thankful for my cousin who is able to pick them up from the train stain and guide them through the in’s and out’s of the airport checkin
  • I am thankful for a neighbour who was able to help me move a heavy filing cabinet
  • I am thankful for all the great conversations I have been able to have with my referral sources lately
  • I am thankful for my health and i’ve realized that it’s important to invest in it daily
  • I am thankful for all the amazing things that my wife does to make this weekend perfect for everyone.

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 (2021-3000179) Broker (2021-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

Fight against inflation

Yesterday the Bank of Canada governor gave a speech to the Halifax Chamber of Commerce. He said that even though core inflation started to come back from it’s all time highs, prices on food and other items are still at all time highs. As a result he said that we should expect further rate increases as more work needs to get done to further tame inflation.

What this means for you and me is that we will have increased borrowing costs until inflation finely comes under control. Those of us on variable interest rates will increases as will those with home equity line of credits. The main goal of all the rate increases is to get us to reduce our spending, thus lowering demand and then prices will start to come down.

The rampant need to travel post lockdown has been like gasoline on a fire which has further pushed inflation upward. Yes it sucked being stuck at home not being able to dip our toes in the sand some place sunny, however the resulting inflation from all the demand to travel, buy new vehicles and new homes has caused us to experience inflation that we have not seen in over 40 years. Whether we want to or not, it’s time to tighten our belts and pull back some of the discretionary spending before the overall economy spirals into a recession.

Today I am thankful for the daily motivational texts my buddy in Montreal sends me each day, that my girls will be home tomorrow for a week and for all the great conversations I am having as a result of my increased prospecting calls.

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 (2021-3000179) Broker (2021-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

Enthusiasm

enthusiasmĕn-thoo͞′zē-ăz″əm

noun

  1. Great excitement for or interest in a subject or cause.

It’s really amazing what you discover when you read books printed almost a century ago. I was reminded of this while reading “How I raised myself from failure to success in selling”, by Frank Bettger. One of the first things he talks about was how adding enthusiasm to whatever he did drastically changed his life.

Truthfully it’s difficult to achieve anything great without first being enthusiastic about it. This applies to getting in shape, having better relationship, improving your finances or raising a family. Being ho hum all the time will not make you fun to be around and basically just gets you through the day.

Here are two thoughts from Steve Jobs whom I admired greatly, “The only way to do great work is to love what you do” and “Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected”. This does not matter if you are a barista, an accountant or a senior vice president at a public company, put a little enthusiasm into your work and your days will go so much better.

Today I am thankful for discovering literary treasures written ages ago, that by adding enthusiasm to every day tasks makes them that much more enjoyable and when you love what you do, it’s never really work.

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 (2021-3000179) Broker (2021-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

Fortune favours the brave

I have always loved the quote from Thomas Jefferson, ” I find that the harder I work, the more luck I seem to have”. We can make our own luck by getting out there and working our tail off. As my headline states, fortune does favour the brave. Those who are brave enough to make the calls, to do the speeches, attend the meetings, go to the classes, read the books and just do the work.

Nothing bothers me more than when someone says that so and so is lucky or smart, without acknowledging how hard they worked to get to where they are. People don’t see all the calls or training that came before the big sale or the olympic medal, they only see the end result.

So instead of being jealous or envious of your friend or neighbour who just purchased their 3rd rental property, learn from their example instead. Read the books, go to the seminars and manage your finances to it can be you too someday soon. Success leaves clues, find what worked for them and put in the work so you can achieve it too.

“Opportunity is missed by out people because it is dressed in overalls and looks like work.” Thomas A Edison

Today I am thankful for the inspiration I receive from the books i’ve read, the feeling of accomplishment of pushing myself through a hard workout and I am thankful for the fact that the harder I work the luckier I get.

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 (2021-3000179) Broker (2021-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

Double down

If you are not getting the results that you wanted in your sales, then double down with you efforts. The same applies in regards to your physical fitness, personal finances, relationship or education. If you are not getting the result that you wanted, don’t let a little hard work scare you off.

It’s easy to do what we have always done, but we will end up getting what we have always gotten. Growth is uncomfortable so don’t expect this to be easy but it certainly will be worth it. Failures are not permanent, they are learning experiences meant to show you want doesn’t work so you can find a way that does. Keep going, you got this.

Today I am thankful for the ability to get up and try again on a new day, all the lessons learned when things did not go exactly to plan and using my experience to help others with similar problems.

“At the end of the day, you can’t control the results; you can only control your effort level and your focus”. Ben Zobrist

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 (2021-3000179) Broker (2021-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

Recovery Day

All work and no play makes Jack a dull boy, or so how the saying goes. It could also be true of all training and no recovery makes Jack a broken boy. Thus the reason that I did as little as possible yesterday after biking 100k for the ride for cancer on Saturday.

We can’t work or train all out all the time and expect to forever operate at peak capacity. It’s just not logical. The rare but important off or rest days are just as important as the days that you give it your all. It’s the rest and recuperation that allows us to then return to peak capacity as quickly as possible.

Today I am thankful for 30 minutes of stretching this morning to recover from a busy weekend, getting to see the stars while walking my dog early this morning and big plans for the month ahead.

“It’s never too late to be what you might have been.”

– George Eliot

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 (2021-3000179) Broker (2021-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

Pales in Comparison

So today I completed my 100K ride for cancer on the rails to trails system. We ( I was with friends) from Bayers lake to almost Hubbards and back. Now while this was getting uncomfortable towards the end of the ride, it pales in comparison to what my mom, my wife’s mom, my 1st cousin went through while they were all battling cancer. While they all subsequently lost their battles with cancer, I am doing this fundraiser so someone else’s mom, dad, sister, brother, aunt, uncle, cousin or friend will be able to beat it if they are diagnosed with cancer.

This is the last time I will ask you this year but if you are able to donate to my ride for cancer, it could benefit someone’s loved one and really make a difference in their life. Here is the link and I appreciate your support.

Sincerely,

Patrick

Truth & Reconciliation

On September 30th, the Day for Truth and Reconciliation, Canadians learn, recognize and reflect upon the history and ongoing legacy of residential schools, the trauma experienced by many, and the hope for a healthy future. The day emphasizes the ongoing need for reconciliation, and building and strengthening relationships between Indigenous and non-Indigenous people.

Sincerely,

Patrick

Burning Bridges

There are times in life when it’s necessary to burn a few bridges and cut yourself from any possible retreat and there are times when that is just a bad idea. Change in life is hard and sometimes to do it successfully you have remove any sort of temptation that would permit you to drift back to the old ways.

If you are determined to eat better then it is a good idea to toss out all the junk food in your house so you are not tempted to just have a few chips, cookies or sweets. The same goes if you want to watch less tv and read more, you will cancel your cable and some may go as far as selling the TV. Want to cut out the few drinks at the pub with friends after work, then take a different route home, go to the gym instead or hang around people who are more health conscious.

The only area where I think it may be a bad idea is when you are growing your business. While this has nothing to do with the concept that the customer is always right, that is a conversation for another day. It’s just that it is not prudent to burn bridges with customers & referral sources. I do prospecting calls daily and keep notes from conversations with people. Some times when you call them it’s not the best time or they are not having the best day. Don’t take it personally and just move on. Unless they flat out say do not ever call me again, I will call them back on another day.

Just in the past week I’ve had two such occurrences. One was with someone I had spoken with several times but it always seemed that it was a bad time and I was always rushed off the phone, not rude but with way too many things on the go. Another with someone who at the time refused to see the big picture on a file we were jointly working on. In both cases time changed everything the next interaction with each of them. Instead of letting them go and never contacting them again I reached out again and it was like they were totally different people. Give people time, change happens to us all.

Today I am thankful for the beautiful fall morning for a run, the chance to reconnect again with people after a previous encounter wasn’t ideal and opportunities to start again but better the second time.

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 (2021-3000179) Broker (2021-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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

Point of no return

There are still many of us still riding out on a variable rate mortgage, even though there have been 5 rate changes this year and the strong possibility of another one soon. At the time it was the easiest decision out there as rates were low and the fixed rate while still low was about a percent and a half higher than the discounted variable rate.

Now there are a few things that those of us still on a variable rate should be aware of. These are the Trigger Point and the Trigger Rate. Firstly the Trigger Rate is the point that you are no longer paying interest and principal on your mortgage but only paying interest. Meaning that you are no longer paying it down. The Trigger Point is when the balance on your mortgage now exceeds the amount of your original principal due to the increase of mortgage rates.

Hitting the Trigger Rate may not warrant a call from your lender, however hitting the Trigger Point mostly likely will. This is because your mortgage now exceeds the initial principal balance and since you were no longer paying interest & principal your loan was increasing due to the fact that the increasing rates and your set payment no longer covered the new interest on the loan.

Solution now would be to simply increase your payments to bring it back below the trigger point or switch over to a fixed rate so you are paying both interest & principal. Feel free to give me a call if you are in this situation.

Today I am thankful for the schools finely being open again here in Halifax, quick solutions and partners who stepped up to help solve it and invitations from colleges to attend events.

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 (2021-3000179) Broker (2021-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

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