Jess The Broker
1455 Ellis Street Kelowna, BC, Canada

Rates are still low low low!! Free Mortgage reviews!! Give me a call let’s see how much money we can save you!Rates are still low low low!! Free Mortgage reviews!! Give me a call let’s see how much money we can save you!

**MCAP- Skip a Payment or Hold a Payment** Given recent global events, MCAP understands that these may be difficult times for our homeowners. In order to provide some assistance, MCAP wishes to highlight that under the terms of their mortgage, MCAP homeowners may skip a payment or hold a payment at any time subject to certain conditions. MCAP will waive any applicable fees and this will not impact their credit rating. The foregoing is applicable to any MCAP and RMG branded mo...rtgages. Please feel free to call or email our customer service centre should you wish to find out more about this feature. 1-800-265-2624 (English) [email protected]

It is not yet known if we will see rates falling further as a response to this however it is definitely possible. I already have access to rates as low as 2.49% however for a new purchase or an insured switch! So do not fret there is some great pricing already out there and I can obtain that for you OAC of course... https://www.theglobeandmail.com//article-bank-of-canada-c/

Can I save you 300.00 a month in interest PROBABLY! I have been averaging out how much money people are saving when switching their mortgages lately, and its coming out to 300.00 per month just in interest Rates spiked in the last 5 years and have come down greatly. Call me now at 250-863-7773 to review your mortgage. These rates will not last forever! I am seeing as low as 2.00% for a fixed rate (OAC)! We are living in crazy times, time to make them work for your wallet Make sure you know where you money goes and make it count

Hey all I have some exciting news! Rates are still dropping! I am now seeing 1.74 on an insured mortgage! Crazy times I tell you! Also if you are in the B lending area rates are as low as 2.99!!!!! TAKE ADVANTAGE THIS WONT LAST FOREVER! Call me 250-863-7773

https://www.kelownasbestbroker.com

Call, text, email, smoke signal!!! 250-863-7773

Many banks are offering relief in this difficult time. Here is a list to help direct you to your lenders website of course to all my clients I am always here to help! https://bankchart.ca/catalogue/banks

Uninsurable rates have finally fallen under 3% !!! This means it’s a GREAT time to buy or refinance! Holllaaaaaaa

Hey everyone, with all the new builds happening here I thought it would be handy for you to get some information on GST and how or if it will apply to your new home. Take a look...

Credit tip for today... just because you have the credit doesn’t mean you should use it! Did you know that making your minimum payments doesn’t make your credit... good. If you have a high credit balance you could be negatively impacting your credit score! Keep you cards below a 65% utilization to help maintain your credit score. If your planning on buying a home you will need a minimum of 2 revolving trade lines (credit cards) and a 5,000 combined balance. If you have these, and your cards are at their limit chances are you won’t be approved for the minimum down payment, even if your cards are paid on time! So charging yourself a little happy could actually make you a little saddyyyyy See more

This just in rates for refinances are dropping! 2.99% with a 30 year amortization!! 2.99% today who knows where tomorrow! Give me a call let’s consolidate that debt or maybe pull some money out for some updates ... (oac)

"DON'T WORRY BE HAPPY" (To quote one of my favourite songs) I have had many calls in the last week with disappointed and/or discouraged buyers and sellers. The housing price drop is seeming to leave no property untouched one way or another.... I am here with GOOD NEWS. After a weak 2019 with sales down 1.8 per cent from 2018, residential resale transactions in B.C. are predicted to recover significantly in 2020, according B.C. Real Estate Association forecast. I myself have also seen an increase in purchases just this month alone. I have also had many people talking to me about using their equity to buy other properties, this is showing me first hand what the B.C Real Estate Association predicted. Do not fret put your sunglasses back on because I see a bright future ahead of you! If you have been waiting to buy because you felt prices could go lower, I would not suggest waiting any longer, things are already changing and rates are still low but I do not expect them to stay that way. The good news is I can get your a Rate Hold for a short time so you can take advantage of the low rates even if you have not found your new home yet.

Happy Sunday! I found this great quick reference guide for you all. Have a read through it if your planning on buying a home with less than 20% down. These are the basic guidelines you will need to meet.

Hi everyone! I just wanted to let you all know that rates over the holidays creeped up, however we have now began to see some rate reductions on both insured and uninsured mortgages (yay). Now is a great time to look at your situation to see if a possible refinance is good for you. I can help you pull out money to pay off credit card debt, private loans, even CRA debt! Give me a call 250-863-7773 or book an appointment let’s take a look and make some plans together!

Apply Now! https://velocity.newton.ca/sso/public.php?sc=17xsk9ez9z18g

Looking for more information on the government assisted down payment? Follow the link for all the details! There is even a calculator that will assist you in figuring out what you might qualify for. https://www.placetocallhome.ca//first-time-homebuyer-incen

So absolutely over the moon that I have secured a spot in the MCAP Xperience in Vegas ! Thank you so much ! Vegasssss!!!!!

So absolutely honoured to be listed as one of the 2019 Young Guns! I truly love my career and recognitions like this let me know I’m doing my best and keeps me... going! Thanks to CMP and my peers for this recognition as well as Xeva and my amazing clients for helping me to continue to achieve my goals. To view the entire edition follow the link #canadianmortgageprofessional #cmp #wimi #mortgageagent https://m.mortgagebrokernews.ca/contents/e-magazine.aspx See more

These Rates were made for dropping and that's just what they'll do, give me a call to see just what my rates can do for you

I know you have heard the rumour and YES It’s true. Rates are DROPPING once again below 2.89 on certain deals! Call me to discuss 250-863-7773. Just a reminder I work ALL over BC!

How to enter for your chance to win tickets for 2 to the show... Like the Jess the broker Page (this page) Like the BC Wine Ciders and Spirits Page (link Below) Share this post and Comment 3 friends who also may like a chance to win some tickets!!... I will put all the qualifying names in a hat and draw 1 name on May 31st See more

Thank you MCAP and CMHC for breakfast and brain food! It’s a hard life keeping myself educated for all my fantastic clients

Sooo this Just happened. Thanks for having me Xeva! So excited for this transformation.

I believe this is a great opportunity for all of us to learn a lot about what his plan is. I will be going, admission is free! There will be a Q&A session as well I know I have questions for him!

Hello everyone, In light of the governments budget announcement this week I feel I should touch on how it may effect you as a first time home buyer. To help make homeownership more affordable for first-time home buyers, Budget 2019 introduces the First-Time Home Buyer Incentive.... The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply to finance a portion of their home purchase through a shared equity mortgage with Canada Mortgage and Housing Corporation (CMHC). Since no ongoing payments would be required with the Incentive, Canadian families would have lower monthly mortgage payments. For example, if a borrower purchases a new $400,000 home with a 5 per cent down payment and a 10 per cent CMHC shared equity mortgage ($40,000), the borrower’s total mortgage size would be reduced from $380,000 to $340,000, reducing the borrower’s monthly mortgage costs by as much as $228 per month. Terms and conditions for the First-Time Home Buyer Incentive would be released by CMHC. CMHC would offer qualified first-time home buyers a 10 per cent shared equity mortgage for a newly constructed home or a 5 per cent shared equity mortgage for an existing home. This larger shared equity mortgage for newly constructed homes could help encourage the home construction needed to address some of the housing supply shortages in Canada, particularly in our largest cities. The First-Time Home Buyer Incentive would include eligibility criteria to ensure that the program helps those with legitimate needs while ensuring that participants are able to afford the homes they purchase. The Incentive would be available to first-time home buyers with household incomes under $120,000 per year. At the same time, participants’ insured mortgage and the Incentive amount cannot be greater than four times the participants’ annual household incomes. Budget 2019 also proposes to increase the Home Buyers’ Plan withdrawal limit from $25,000 to $35,000, providing first-time home buyers with greater access to their Registered Retirement Savings Plan savings to buy a home So far we have not received a date this will start to be released and when the banks will start administering these allowances. We can still look at the effect it will have on you as a homebuyer however! For more information on this article you can find it at https://budget.gc.ca/2/docs/themes/housing-logement-en.html

Hey everyone! Thought I would reach out and see if anyone would have interest in me doing a live video Q&A session? Thoughts and topic suggestions ?

Hi all! So today I thought I would touch base on the rising rates. Us tricenarian’s and quadragenarian’s are accustomed to seeing rates in the 2% area and even high 1%. So it’s only natural that now that we hear a rate that is in the high 3% or even low 4% when asked what will your rate be the answer can make a lot of you gasp ...Continue reading

Hey everyone! I’ve been a bit quiet lately. Learning all the new rules and regulations as well as attempting a vacation I have herd I want to buy a house BUT I own my own business in a very negative way. That is a sad thing to hear, just because you decide to work for yourself does not limit you!... The truth is, it seems to be getting more common these days as more trades people are becoming sub contractors. With that, financial institutions are recognizing self employment sometimes needs to be looked at in a different light. There are a couple ways of working with this type of income. First of all, we do have ways of stating income this means that we can calculate the real money your making via bank statements or estimate it on your tax returns. We can look between the lines of gross and net to decide what is realistic. A lot of self employed business folks have a lot of write offs and some we can include back in as income. Give me a call and we can sort through to figure out exactly where you stand with your mortgage needs, and what you need to accomplish to get there.

To all my amazing clients who have became my friends or whom always have been. I love working with all of you, and watching your lives transform with the purchases of your homes and refinances helping you get into better positions in your life. I will continue to do so for many many years to come. But my work hard mentality has been effecting my children. This is why I have decided to dedicate my weekends and evenings to my family. My children are making comments to me tha...t they hate my phone or hate my work and this is not what I want them to remember my career as, or their childhood. If I do not get back to you during the weekend or evening, please do not take offence or take it as I’m ignoring you. It’s simply me enjoying life and making sure my babies are doing the same I appreciate everyone’s business, clearly a little to much at times and I assure you that I take all of my files personally like I’m working on my own file. I promise I will get back to you and return your calls Monday, and if it’s urgent & time sensitive I will sneak away to return a quick call . Non of us want to loose the perfect house or an approval Don’t worry!! I will (and have) drop everything to make sure your dream comes true. My word, my family time will not cause you to loose your dream its to personal to me for that. See more

Well prime rate is on the rise again. I maybe be help you get a better rate in almost all scenarios so give me a call 250-863-7773 this does not necessarily mean you should jump off the variable ship as there are many reasons to stick with it.

Shout out to anyone in a variable rate mortgage! I maybe be help you get a better rate in almost all scenarios so give me a call 250-863-7773

Good morning all! I feel like I should discuss and important issue about how mortgages work and what to expect even on the basic end. Approvals can take weeks to get or hours depending on the size of the file and the sort of deal it is. ... When a lender offers you a commitment there are a few things to keep in mind. 1. Every lender has a set of standard rules to follow put out by FICOM. This is our governing body in the industry. 2. Every lender also has investor rules to follow. 3. The main government has a set of rules for them to follow also. 4. You will be asked to prove your income and down payment means. 5. The lender had the right to ask for more documents right up to the time you close at your lawyers. Some of the items you may get asked for include but are not limited to -Job Letter, Pay Stub, Taxes and proof they are paid. -Proof of down payment as well as closing costs usually in the amount of 1.5% of the purchase ( ask me how to get this condition waved sometimes we can). -Separation agreements if your divorced (sometimes I can have this waved only sometimes) -In some cases Debt pay out statements, these must read 0$ OR show you have paid the exact amount on a receipt the lender has asked for (in most cases) -Appraisals or economic rent letters. Keep in mind all of this paperwork needs to have your name on it or somehow be linked to you. In most cases screen shots from your cellular phone bank apps do not show this. My final note on this: Please keep in mind I work for YOU, so when I call and say looks like they want more documents, it's not that I don't believe you or the bank doesn't believe you, they just have all these regulations to follow and I try to limit these the best I can.

Hahahha just ask the bank managers ... I DO THIS!

Ok here we go, Prime rates are increasing to 2.95% almost across the board. Every lender can decide what they do but it is safe to assume this will happen with everyone. First National has their effective date set to Aug 1 2017

http://www.cbc.ca//new-brun/interest-rates-go-up-1.4197361

Good Morning Everyone, I am getting a lot of calls emails and messages about the new announcement. Here is how the scenario will happen. If and when (or more so when) prime goes up it is likely to go up about .25 a percent taking it from 2.70% to 2.95%. If your like me and are in a 2.70 -.40 situation you will now pay a rate of 2.55 this is still better than the rate of 2.99 which is where most lenders are sitting for a 5 year fixed rate. ... You will in most cases get a letter from your Mortgage company letting you know of the increase. However I urge all of you to call your Mortgage holder or review your mortgage agreement so that if it goes up you are prepared. In some cases your payment will not go up, this is not necessarily a good thing because this means you will be paying your mortgage down slower than you have hoped so instead of being amortized over 25 years it may take you longer to pay off your mortgage. In other cases your payment will go up and although it may not sound great it will keep you in a better position with your mortgage to make sure your payment is keeping you in your amortization term so you do not end up in a negative amortization situation. In either situation it is best to stay informed. I will be doing my best to keep up with you all and let you know what is happening and try to sort fact from media hype. Remember I can always take a look at your mortgage and tell you if I have any options for you. There are products out there where the bank will cover all your legal fees to help you switch to them at no cost to you for a better rate. I am a call away at 250-863-7773 I will post some links to a couple big lenders in the comments.

Hi Everybody. We have all been hearing that the Bank of Canada Rate is going to go up. With this in mind it is very likely anyone in a Variable Rate Mortgage will also see a slight increase in their rates HOWEVER do not fear!!! Even if it moves it is not likely to go up any further than what you would get on a fixed rate mortgage. In fact it will most likely stay under that amount. If you have any questions please feel free to give me a call and I can personally assess your situation and see what I can do to ensure you are paying the BEST rate possible!!!! I am a phone call away at - 250-863-7773

[email protected] [email protected]

Thanks everyone for a great day at the Easter egg hunt! Over 300 bags of popcorn happily served from Verico Compass Mortgages

Just some light reading in my future. Let's find who fits best with you!!' #somanygreatbanks #mortgageoptions

She's walkin!!!!! #ryverlabonte

#workwork #gymhairdontcare #notenoughhoursintheday #geturmortgagehere

Mortgage insurance rates are going up as of March 16th 2017. This means that instead of paying 14,400 for a 5% Down mortgage (95%loan to value) it will now cost you to 16,000. Of course this is added to your mortgage but also consider the interest you will pay on that as well!! Contact me NOW and beat this increase!!... 250-863-7773 See more

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Are you wondering if you qualify for the first time home buyers loan through the government of Canada????? Here is a quick calculator to see if you will be eligible! https://www.bchousing.org///bc-home-partnership-calculator... Or you can always call me and I can help guide you through the process! Tel: 250-863-7773

#goals #jessthebroker #mortgage #2017Goal #beahomeowner #preapproval #mortgagebrokerkelowna #mortgagebrokercanada #realty #invest

Let me help you! #goals #jessthebroker #mortgage #2017Goal #beahomeowner

#money #refinance #mortgages #housework #keepcalmandmortgageon #lowerdebt

Give me a call to find out how I can help you obtain your government down payment loan!!!Lets get you that house! 250-863-7773

This is tonight everyone!! Come check it out :)

Up for grabs to a lucky winner tomorrow!!

Hi everyone we would love to see everyone here! I'm also going to be going over the new mortgage rules and how they will effect you!

Same goes for when you use a Mortgage Broker instead of going straight to a bank :)

Not cool minister. It's already hard enough to qualify now they want to double the qualifying rate... I agree tax foreign buyers but the rest of the changes are very scary both for current home owners and people hoping to afford a home. Oh and renters... I foresee a tougher market there as well. I will not take credit for this idea, but if you have not already, please take time to email/call (or both) our Finance Minister and let him know how you feel this will impact homebu...yers, the real estate industry, your livelihood, etc. Email: [email protected] Phone: 1-613-369-3710 Also, talk to your Realtor partners, and have them do this as well. https://www.google.ca//ottawas-new-mortgage-requirem/amp/

I would like to say thank you to all my friends and family for liking my page. I hope I can look forward to helping each and everyone of you in the near future!

Have you been told it is hard to get a mortgage when you are self employed? I CAN HELP, contact me TODAY lets bring you home :)

https://www.cmhc-schl.gc.ca/en/co/buho/buho_021.cfm How much will your payment be? Find out here and use my best rate of 2.20%

Think you cannot afford to buy a home? You may be surprised to know that in most cases mortgage payments are LESS then what you pay for rent!