When you're ready to get started, simply enter your contact details and briefly tell me what you'd like to discuss. You'll be able to book a call directly in my calendar on the next page.
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What happens next after I fill out the contact form?
After you complete the form on this page you'll be taken to my calendar to pick a time for our discovery call. You'll also receive an automated email with my contact info and a link to my calendar, so you can contact me with any additional information or to re-schedule.
I'm not available during the day. Can you talk other times?
Quite likely. If you don't see a time that works for you on the calendar, please fill out the form on this page then respond to the automated email to request a different time. Sometimes I can make exceptions and work outside regular business hours.
What information should I have ready for the phone call?
The call will be kept 'high level' so you only need approximate numbers. When you send me your documents I'll verify the numbers anyway.
Discussion Topics: Your pre-tax income; Debt balances; Credit history; Home value (estimated); Down payment; Assets.
Am I obligated to use you as my mortgage broker after our phone call?
Not at all - here's what you can expect. On the first call we'll have a high level discussion about your finances and goals and what you can expect if we work together. If it's a good fit, I'll send you a checklist of documents and information that I need for a more detailed approval.
Once my team reviews your documents I'll call or email you with your mortgage options. If at that point you decide to move forward, I'll ask you to sign a Letter of Engagement. It's a non-binding agreement laying out the terms of our arrangement. By signing it you confirm you're not working with any other mortgage professionals.
Can you give me a rate quote over the phone?
Oftentimes yes. I'll ask you some questions, and in the majority of cases I can offer a fairly accurate rate estimate after about 15 minutes on the phone.
I don't want to talk on the phone. Can you exclusively work over email?
No. We can do a lot of things over email, but we'll need to have a discovery call.
I've tried it other ways in the past and the whole process is slower and less accurate, which can lead to more serious challenges later. So for now I've made it a policy to require some phone contact at critical points in the process.
Why are interest rates different between lenders?
Interest rates generally come down to features and risk. If you want more prepayment benefits, a lower penalty, better portability, you might end up paying a slightly higher rate to get those features built into the contract.
Then there's risk, and I could write a whole book on the topic. There are a lot of factors, but here are a couple examples:
Low Risk: Pretend a home buyer wants to get into the market with a 5% down payment. You might imagine that's a high risk, but the lender considers it very low risk. Remember, they'd' have to pay for CMHC insurance because the down payment is less than 20%, which protects the lender if the homeowner defaults on the loan. That means the risk is practically non-existent for the lender, so they can offer a very low interest rate.
Medium Risk: Imagine an enterprising homeowner wants to buy a house in a tourist town and rent it on AirBnb. If something were to happen that hurts the tourism industry (e.g., a pandemic), there's a decent chance they'd stop making payments on the mortgage. So the rate would be a bit higher to reflect this chance.
High Risk: Let's say a very motivated individual wants to build a home from the ground up. If the house is half built and the owner stopped making payments. They'd have a very tough time selling the house and recovering the loan, so the rate will be higher.
Should I get a fixed or variable mortgage?
Unless you have a compelling reason to get a fixed mortgage, I'd suggest a variable mortgage. Sure, there's the risk your rate will go up over the term. But the benefits of the lower interest rate and more favourable penalty calculation offsets the negatives.