Tag Archive for: Vancouver Mortgage Broker

Point of view

So yesterday I made a comment on Twitter about how great I thought Canada was to live in ( as it was Canada Day after all). Sure we are not perfect, no person or place is. However people came out of the woodwork to tell me ( a stranger as we had never conversed before) how wrong and stupid I was. I do totally understand that we are all entitled to our own point of view, however what we are not entitled to is to shove our opinion down someone else’s throat and insult them in the process.

Social medial and our current political climate seems to have given people free reign to say and do whatever they want without reproach. However this is confusing free speech with just being ignorant. Free speech allows you to freely express your option but does not permit you to insult someone in the process.

Today I am thankful for a speedy 50K bike ride with my friend this morning, a quiet house upon my return and modern medicine that has been developed to treat this virus that is still persisting.

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

Happy Canada Day

While we may not be perfect and have made some serious mistakes in the past with how we treated the Indigenous population, I still believe that Canada is a great country and I am proud to call it my home.

So where ever you are today I want to wish you a very happy Canada Day.

Today I am thankful for another beautiful summer day, a great 10 minute workout to clear the head and a great book to read on a holiday.

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

Reputation Risk

As a brokers we deal with a wide variety of clients, from those seeking A bank lenders, alternative lenders, private mortgages or commercial. Because of this mix, clients come to me with an expansive and diverse background. Occasionally I come across clients who have had less than stellar pasts. I know this because we Google them as well. As a result things that they may not be proud of come up as a result of the search.

While I do this business for the money and because I enjoy it, I also keep a sharp eye my reputation from my lending parters. I will never take on a file of a questionable nature just to get a commission. Life is way too short for that. I also disclose any findings of my background checks on my clients to my lending parters as any potential issues or concerns are best dealt with upfront as apposed to the day of funding.

Clients and lending opportunities come and go on a daily basis and I am not going to throw away my 20 years of doing this and my reputation with my lending partners on a client who wants me to turn a blind eye and just get the deal done. I will disclose fully and honestly the nature of the situation and if the lender is still comfortable with the file then we move toward funding other wise it is on to another file.

Today I am thankful for my relationships with my lending partners, opportunities that exist because of being open and honest and a neighbour willing to join me for a run.

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

Graduation

It seemed like only yesterday that I was taking my girls to pre school then to their first day of primary, and today they graduated high school. If you don’t pay attention time will fly by and you will miss all the important events in life.

It’s so easy to get stressed out about the every day events in life and totally miss what’s really important. So slow down, take a deep breath and try to enjoy all the special events.

Today I am thankful for how hard my girls worked for the grades they got, a nice celebration lunch with the family and that they had their choice of where to go to university.

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

Personal Outlook

Your personal outlook, yes I am talking about whether you see the glass as being half full or half empty, effects everything in your life. I prefer to see it as half full and view challenges or issues that pop up as learning experiences rather than failures.

We can’t get through life without any struggles, but it’s how we deal with them that sets us all apart. This does not mean that you should walk around with rose coloured glasses on but that you should instead adopt a more optimistic view of life.

Whatever life has thrown at you in the past you have gotten through. Things that you thought were going to be doom and gloom did not end up that bad, it just prevented you from seeing the solution as quickly. New opportunities come up every day if you keep and eye out for them.

So while we are currently in a high inflationary environment, it will not last forever. The current high prices and higher rates will level off. If you see it as just part of a natural economic cycle you will also know that it will pass soon enough.

Today I am thankful for a great run this morning before the city really woke up, having the flexibility to work at home or from wherever I want and for opportunities that came up yesterday cause relationships matter.

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

Poodle Power

I have always had a dog in the family for as long as I can remember. When I was a kid we had Shepards, Collie’s and Beagles. As an adult who still has the occasional severe bout of asthma we opted for a Poodle as that is what my wife grew up with. So today we have a standard Poodle name Augustus, but most times we just call him Augie.

I have met more people in my neighbourhood while walking Augie than through my kids school. He is a great icebreaker but does not like to stop too long to chat as when he is on his walks ( yes they are his walks) he wants to keep going.

I don’t post a lot to Instagram but when I do they are usually pictures of my wife’s gourmet meals, workouts or pictures of my dog. Today a new clients sent me an email to help her secure financing and said that the determining factor to do business with me was my Poodle.

Today I am thankful for Augie’s new role as business development manger for Craigburn Capital, the feeling I got after doing a workout that I didn’t want to do and the peace and quiet of the morning when everyone else is still asleep.

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

Third option

Sometimes when people are going through a tragic or life changing event it has often been thought they would get through it either with no change to their lives or making it much much worse. As a result you could see people be unfazed by what just happened and carry on with their ever day lives but you could also see people become paralyzed with fear, develop PTSD and becoming unable to function properly.

These could be responses to major life altering health events like having a heart attack, stroke or being diagnosed with cancer. There could also be major fearful events like being in a war zone battle, being the victim of an assault or from a financial perspective suddenly and unexpectedly losing your stable employment or going bankrupt.

However there is a third option. The often talked about “what does not kill you makes you stronger” approach. We have all heard those stories where people have taken that once stressful event and used it as a catalyst to radically improve their lives. David Hogg was a student in Parkland Florida when 17 of his fellow classmates were killed and used that event to now speak out against gun violence. Terry Fox lost a leg to cancer and didn’t sit at home and mope but instead created a Cancer fundraiser and ran across Canada. I also personally know someone who went bankrupt a few years ago and did not let this ruin him and is now tops in his field in Canada now making over 1M a year.

The trick is to not view the event as a permeant life altering failure but as a learning or growth opportunity. Year after year people radically change their lives after a heart attack, stroke, divorce or bankruptcy. If it does not kill you, it has the potential to make you stronger but only if you can see that possibility.

Today I am thankful for an early morning run to improve the mood, my daughters home made cake and new people I’ve met this week.

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

Equal Rights

I am a big believer of equal rights. I strongly feel that it should not matter if you are a man, woman, trans, bi, gay, black, white, young or old or whatever, we should all be treated fairly and equally. It is because of this I was deeply troubled by the events in the US yesterday. This is because at the core it is an equal rights issue, they are now saying that women do not have equal rights over their physical bodies and that this is now the domain of the state goverment.

Just imagine if this same logic was applied to housing. That if you did not fit a particular demographic then you would not be allowed to purchase or own a home. Yes I know that this was the case not that long ago in the US and thankfully that has now been changed. But who is to say that a very radical minority might decide to take that away as well?

I have represented clients from a diverse demographic background and all the lenders really care about is the 5’C of credit. In case you have forgotten they are as follows, character, credit, capacity, collateral and capital. There is nothing in there that says that you have be a particular gender, ethnicity or sexual orientation in order to get a mortgage or purchase a property.

At the end of the day if we can just treat others how we want to be treated then the world will be a much happier place.

Today I am thankful for a great 50K bike ride with friends this morning, a quiet house so I can get some work done and thankful that we live in Canada where my wife and daughters still have equal rights.

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

School’s out

School is out for the summer, and for my girls it marks the culmination of their high school experience. Although vastly different from the high school experience that I remember. I remember school trips, school carnivals and dances and my girls had none of that thanks to Covid. Through it all they never complained and are now graduating with top marks and had their picks of which University they wanted to go to in the fall. I am so proud of them as they have worked so hard.

Now that the kids will be off for the summer, what are your plans now that we are now able to freely move about the country and other countries for that matter. If your plans were to leave the country and you don’t have your passport yet, you may want to take care of that sooner than later due to the long wait.

However some are finding the need to cut back due to rising prices of everything from gas, food, hotels and everything in between. Thankfully there is still plenty to keep people busy here in NS. Just pick up the latest doers and dreamers guide for 2022 and it will list all the festivals, carnivals, events and gatherings around NS as well as beaches and parks that make excellent day trips.

Today I am thankful for how hard my girls worked to get those top marks, my son for getting his first summer job and my wife’s creativity for always coming up with exciting things to eat for supper based on what’s left in the fridge.

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

May Inflation Rate

The May inflation rate has just set a record that we have not seen since 1983, which was a rate of 7.7%. Up almost a full percentage point since last month when it was 6.8%. Yes we expected it to be above 7% but not by this much.

The biggest contributor to the increase was the price of gas, which was up 48% compared to a year ago. Increased fuel costs put upward pressure on so many things from food, flights, lumber and any other product that gets shipped is now up as a result.

The next step to help cool the sky high inflation is for the Bank of Canada to increase the rates again. The next meeting is in July and this what I fully expect them to do. The US federal reserve recently announced an oversized rate increase of 75 basis points and this is not out of the realm of possibility for the Bank of Canada at the next meeting.

So what do you do if you are still on a variable rate mortgage. Well the fixed rates have now risen to a point well above the current variable rate and the rate for a 5 year terms is now above 5%, starting at 5.09%. With prime currently at 3.70 and most people at prime -1%, so even if prime increases by 75 basis points the smart at math say to just ride it out and that is what I am going to do. You may decide differently that that is up to 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