Tag Archive for: Mortgage solutions

Geek Out

Geeks everywhere can celebrate Star Wars Day today, as May the 4th is unofficially known. Although I am more of a Star Trek fan, it’s still nice to be able to geek out from time to time. Gone are the days when being a geek was frowned upon, probably mostly thanks for successful geeks like Bill Gates and Elon Musk.

Now most days I get to geek out at mortgage numbers. I love it when I can find opportunities to help clients save money on their refinances. I helped a client this week save over 3K a month by paying off high interest debt and giving them one lower payment. It’s also exciting to help first time buyers close on their first place like I did with clients last week.

I geek out by celebrating all the small victories irrespective of what they are. Let me know how I can help you overcome your mortgage challenges and may the forth be with you.

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

Keeping up with the Joneses

All too often people spend money with the intent of one upping or just keeping up with the Joneses. Just because your neighbour got a fancy new car does not mean that you need to trade yours in and buy a new one. Yours may only be a few years old, still in good condition and with a loan still attached to it.

We don’t always need the latest and greatest smartphone, car or flat screen tv. Just because the economists are saying that we could use some more economic activity, they were not taking to you directly. Your life is not going to drastically improve by trying to keep up with the neighbours or buying some shiny new thing. You may feel good for a brief period of time but it won’t last.

Years later you will not even remember the feeling you got from buying that new fancy gadget. You will however remember times spent with family and friends. So focus on accumulating memories with loved ones instead of stuff. Nobody every wished on their deathbed that they bought more stuff.

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

Easy come easy go

It’s true that we appreciate the least the talents, possessions or relationships that come to us the easiest. The internet is littered with stories of those who have squandered their gifts. From professional athletes and lotto winner quickly going bankrupt to second generation business owners quickly failing in business and charismatic & attractive people failing at relationship after relationship.

More often than not it takes a setback or a defeat to truly wake up. The heart attack before finely taking control of your life and getting back into shape, a nasty break up or hitting rockbottom financially. However don’t wait till that day comes before deciding to truly take control of your life. It should not take a life or death moment to knock some sense into you.

Learn to appreciate everything that life has given you before it’s too late and it’s all taken away. The past few years have been a blessing for those who have opted for a variable rate mortgage. Life was easy and payments were low. Now with interest rates increasing people are starting to worry and some even are freeking out. Nothing lasts forever, even low interest rates. So what I have always told my clients is to fix your payment much higher than the actual interest rate that way when it does move it will not effect you as much as you were used to paying the higher amount.

Remember that the only thing constant in life is change. It’s how we adapt to it that determines who we become.

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

Crisis to Opportunity

I have always loved this Napoleon Hill quote ” In every adversity, every failure, and every heartache carries with it the seed of an equivalent or greater benefit. So if you’re going through a lot right now, and it probably really sucks but try if you can to find out what if anything you can learn from it that could help you become better in the future.

I met a young charismatic guy about 15 years ago. He was great with people but was going through a tough breakup at the time and was struggling personally, professionally and financially. It seemed that what ever he did turned into a dead end and nothing was working out for him. I’ve read that he was recently awarded for being the best in his field in all of Canada and now makes more in a year than most people make in a lifetime.

So these stories are not limited to heartfelt Disney movies. Everyday people are overcoming their personal or professional crisis’s to achieve overwhelming successes. All you have to do is believe that’s it is possible and to never give up until you get there.

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

Hustle Hard

Stay humble and hustle hard. While I was preparing to write this post I found this great quote about the topic, “You can’t have a million dollar dream on a minimum wage work ethic”. If asked most of us will say that we have big dreams and goals. The follow up to that should be is what are you doing to make it happen?

We all want the perfect body but very few of us are willing to put in the work to make it happen. We all want to be the top salesperson in the company but are unwilling to put in the time or make the calls. We all want the beautiful house on the water but many of us are also unwilling to manage our own personal finances or our credit.

Those great rewards also require a great amount of personal sacrifice. You have to love training more that you do sitting on the coach watching Netflix. You have to love filling your pipeline more than you do hanging out with friends. You have to love the grind of improving a little bit at a time each and every day. Fall in love with the process of hustling each and every day and you may be surprised at how far you’ve gone.

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

Mortgage Miracles

Mortgage miracles happen when you don’t give up on people irregardless of their situation. Sometimes it is something that happened in their past, other times it is something that they are going through right now. This is why it is important to have lots of options for clients and focus on telling their story.

Bad or unfortunate things happen to people all the time, but we should not let those events define us. One of the principals that I adopted early on in this business is that I would do my best to figure out how to get unique files funded instead of just saying no that I could not help them. As a result I have done lots of diverse files and figured out problems other people were unable or unwilling to solve.

I have always believed that things have a way of working out when you focus on solutions instead of further defining the problem. Give it a try and see how it works for you.

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

Go to person

Many of us have that guy or that gal as a go to person for what ever reason. It could be some one to call for a perfect recipe for a family dinner, who to call if something breaks around the house or if your car is making a funny sound.

Last Saturday while doing the laundry I discovered that our dryer wasn’t well drying the clothes. It was operating but only rotating and blowing cold air on damp clothes. So a quick text to my guy and on Monday he showed up and fixed it no sweat. The same when a plumbing issue occurred this week and in no time at all my plumbing guy showed up and fixed it.

Let me be your go to person if you ever have any mortgage questions. I am not expecting to be given the chance of doing your mortgage right away but to tell you that I am here if you have any mortgage related questions.

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

Smart Advice

It’s not often when I will link to another article from someone else in my field. However I am going to do that today. Fellow mortgage broker David Larock wrote a compelling piece in move smartly about the current fixed vs variable debate. In the article he makes sound points as to why I am personally going to stick with my own variable rate mortgage.

The best thing that we can do right now is to educate ourselves and make smart decisions. His article provides lots of great information about the current fixed vs variable debate and why in my opinion it may be best to ride it out. However if the anxiety of the recent rate increase and the news about more rate increases is keeping you up then do what will allow you to sleep better and just lock it in.

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

Predictions

After reading the Bank of Canada’s press release after it’s last rate announcement on April 13th, it is quite clear that they believe that we will be in a higher inflationary zone till almost 2024. What this means is that we have definitely not see the last of the Bank of Canada rate hikes. Our CPI numbers were released after the BOC met and blew away their prediction of a 6% rate when we hit 6.7%.

Some in my field are even saying that the BOC’s target for the prime rate will hit 5.20% before things start to settle down. Just so you don’t have to do the math that is a full 200 basis points or 2% higher that we are right now. By reaching those rates it will also take us closer to parity with the 5 year fixed rate when the discount to prime has been calculated in for clients.

That being said I am still going to stick it out with my variable rate, however clients who are in a variable rate have to decide themselves if they will sleep better at night by increasing their rate by switching from a variable to a fixed. The current spread in the difference is between 1.5 – 2% from the variable to the fixed, but without the rate volatility that the variable is going through.

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

The Perfect Date

According to Ms Rhode Island from the classic movie Miss Congeniality, today April 25th is the perfect date.

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