Tag Archive for: Vancouver Mortgage Broker

Language

I am not talking about you being a potty mouth but the actual language and words that you use to communicate. More precisely I want to reference to what the US Fed chair Jerome Powell said at their most recent meeting this week. While Canada and the US are two distinct countries, we are pretty much joined at the hip economically.

When the US Federal Reserve met this week they increased their overnight lending rate by 75 basis points vs the 50 basis points increase from the Bank of Canada recently. The important part is what the Fed Chair said as part of his announcement, he said ” There is significant uncertainty around that level of interest rates & we still have some ways to go, and incoming data since our last meeting suggests that the ultimate level of interest rates will be higher than previously expected”.

So while the inflation rate in both are countries is dropping, we are currently at 6.9% here in Canada vs the high of 8.1% back in June and the US is at 8.2% vs their high of 9.1%. These are both off the target rate of 2%. The next key measure will be when the US announces their inflation rate for the month of November next Thursday. A large decrease will take the press of any oversized rate increases and if it still remains stubbornly high then more drastic measure may be in order.

While I love the flexibility of the variable rate, it may soon be time to lock in for some stability to prevent any future rate increases. Give me a call and see if it is something that you should consider.

Today I am thankful for a very productive week and all the great people I got to meet face to face, receiving great reviews online from my clients and for my Dad who always made sure that we used proper grammar as he said that proper use of language is important to being understood.

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

Self Discipline

Nothing great was ever achieved without a great measure of self discipline.

  • Self Discipline is getting up early when everyone else sleeps in
  • Self Discipline is reading to improve yourself every night while everyone else watches tv
  • Self Discipline is going for a run even though you wanted to stay in bed
  • Self Discipline is saving your money while everyone else is putting trips and meals out on their credit cards
  • Self Discipline is calling people back as promised
  • Self Discipline is arriving early for your meetings
  • Self Discipline is being prepared instead of winging it
  • Self Discipline is what creates a life worth living

Today I am thankful for the self discipline that has allowed me to design a life worth living, a changing market which has allowed for more face to face meetings and being able to see all stars in the city when I walked my dog early this morning.

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

Numbers Game

It has been said for as long as anyone worked in sales that it was a numbers game. The more people you talked to the more prospects you had then the more client and more sales. While part of that is true, that if you want to be the top realtor, mortgage broker, life insurance, automotive or insert the sale profession here, then you must have more sales than the person next in line.

However I also believe that it’s about more than that. While yes your numbers are important, they are not the most important aspect of a great sales career. To me the most important aspect is that you must have an overwhelming desire to help people and believe strongly that your product or service can do that.

With this strong “Why” it will be so much easier to persist when you meet defeat or failure as you have a greater purpose. Believe it or not but people generally enjoy buying but detest being sold. Seeing that it is your duty to serve others will take the pressure off trying to make the sale and instead providing the information required so the clients buy as it fits their needs.

Today I am thankful for early morning activity to shake off any lingering anxiety, idea’s that come to me when I am most relaxed and getting referrals and rave reviews from my clients.

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

Easy goals vs hard goals

I have always loved the quote from Jerzy Gregorek ” Hard choices easy life, easy choices hard life.” I was thinking of this recently while talking with my daughter who struggling to adapt to university life. Everyone wants the million dollar bank account, the nice house on the hill, a cottage, luxury car or two and fancy vacations. However not everyone is willing to put in the work to make it happen.

If it were easy then everyone would be doctor’s, lawyers, accountants, business owners and make over 100K a year. However not everyone is willing and or able to persist through the struggle and the pain to make those goals happen. The same things applies to the goal of becoming fit. When you default to the easy things to do like watching tv or eating fast food then you will never make any progress toward becoming fitter.

Nobody ever said that life was easy, but with the right choices it will definitely be worth it. If what you are about to do will give you immediate short term benefit then it’s most likely the wrong thing to do. It takes work and effort to make the calls, do the presentations, write the reports, pre make your meals and do your training. Going out with your friends every week is easy but not the right thing to do if your goal is to save for a down payment on a house. Short term pain & discomfort and long term gain is the way to go.

Today I am thankful for a nice fast paced run this morning to start the day, the feeling of accomplishment that comes from doing the hard things and seeing the smiles on all the little kids faces as we gave them candy last night.

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

A Shining Light

Sometimes life is not always sunny days, rainbows and happy puppies. Sometimes it feels dark, gloomy and down right depressing. We have no idea what everyone else is going through or the battles they are fighting. However if we try, we can be the shining beacon of light in an otherwise dark and goodly world.

This does not mean that you have relentlessly positive which in some cases it downright annoying. Sometimes it is just being there to listen and show that you support them. Letting them know that they are not alone could be the difference maker in someone’s life. Be that ray of shining light and see how everything around you starts to change.

Today I am thankful for the jogger who yelled back at me when I shined the light in the otherwise dark path this morning, I said that “you need a light” and she yelled back “You’re my shining light”. That one comment just made my day.

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

Sow and Reep

Like there is a harvest in the fields from what you have sown in the spring, you also reep in life for the work that you put in a season ago. I am talking with so many people who are complaining about how slow business is for them, while others are still run off their feet with business.

You can’t expect to get fit and stay fit if you can’t get off the coach, do the workouts and eat right. You can’t be tops in sales if you haven’t made the calls and done the follow up. You can’t get the top marks if you haven’t studied and done all the assignments.

This applies to anything in life worth achieving. You get out of it what you put into it. So if you are not getting the results that you want, then look back at all the work that you are putting into it. Have you put in the work and given it every ounce of effort that you possibly could or are you looking for a short cut and instant gratification. There are no quick fixes, so put in the work and you will get the results.

Today I am thankful for my friend who texted me to get out for a bike ride today, the cool fresh air on the ride this morning was well worth it and for all the calls that I have done is paying off with happy clients.

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

A Simple Thank You

In a close second to being loved is being appreciated. It’s an amazing feeling when someone tells you out of the blue how much what you said or did meant to them. Who needs artificial mood enhancers when you have honest and sincere appreciation.

If you have not been on the receiving end recently, you can try your hand at giving some out. It’s amazing how well you will feel. Giving a simple thank you to someone may just make their day, and who doesn’t love that.

I do a lot of calls, some people I reach and others I just have to leave a message. Someone that I had only spoken with one time but left a few messages called me yesterday and told me how much he appreciated me calling. The little things do matter and as a result I was on cloud nine yesterday as it felt good to be appreciated.

Today I am thankful for the call out of the blue yesterday to say that he thought I was doing a good job, the amazing people who showed up quickly to remove some junk from my garage and having more space for my workout gear even if it’s in an unheated garage.

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

Take your lumps

Well the Bank of Canada gave us our lumps yesterday, another rate increase of 50bps. It’s our medicine and we have to take it so we can start to win this war against inflation. The increase wasn’t as bad as many had expected, I don’t think that it was due to any outside political pressure but the fact that the inflation rate has been dropping. It is just not shrinking as quickly as the Bank needs it to as it is still quite the distance from the 2% target.

While it is true that many people survived the lock downs with much higher cash reserves and then went out and bought new homes and new cars and went on vacations. While so many did this it created a market frenzy and drove up prices on homes, back orders for vehicles and long lines at airports and passport offices. While much of this is now over, the results of all this activity which is prolonged inflation is still hanging with us.

The sooner that we can take our lumps and reduce our discretionary spending the faster the inflationary rate will return to normal. The truth is that spending money is so much easier than saving it, as we don’t get the same feeling when we are cutting back and saving as we do when we are putting the key in the door to our new home or driving off the lot with our new vehicle. However the satisfaction we will get when we all do our part will be worth it.

Today I am thankful for the run that was completed when I really didn’t want to do it today, lenders that go the extra mile so we can make things happen for clients and a little pain today for a long term gain.

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 Fine Print

The Bank of Canada will come out with their latest interest rate announcement at 10am eastern or 11am here in the Maritimes. While many of us are expecting at least a 75bps increase to the overnight lending rate, the real meat and potatoes will be in the press release from the meeting.

The devil truly is in the details, as the fourth quarter monetary policy is also announced today. The Bank will give details on whether it thinks that the current and past rate increases are doing what they were supposed to do and if more are necessary. While it is true that the overall inflationary rate is decreasing, it is just not coming down fast enough. It decreased by .1% to 6.9% this month, while the target rate is 2%. We still have a ways to go to get there.

Many economists are predicting a recession for 2023 and more rate increases will defiantly be pushing us in that direction. What we don’t know is the length or severity of the pull back to our economy and other major economies as well. We need to proactively cut back our discretionary spending before spending cuts and job losses are thrust upon us. What the Bank of Canada is doing is beyond our control but whether we decide to eat out or make supper at home is totally up to us.

Today I am thankful for the chance to connect with friends that I haven’t spoken with in months, new connections with new idea’s to improve my effectiveness and helping people see the best way forward.

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

Only downside

The only downside to being self-employed is having to work when you don’t feel 100%. The dreaded man cold has hit my house and yes I am still working. Work still needs to get done even when I don’t feel like working. Being irreplaceable is a double edge sword.

I have done conference calls from a hospital bed and closed files with a 103 degree temp, so a cold may make me feel like crud but it won’t stop me from helping my clients.

Today I am thankful for a huge supply of cold meds in my house, that the sniffles and head cold are a minor inconvenience compared to what others are going through and that my office is such a short commute.

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