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TMG The Mortgage Group Canada Inc.

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Experience Counts-65 years in Financial Industry
Commercial Specialist but also residential Mortgage expertise
Purchasing a home or financing your business property or investment property are important decisions and you should be confident about your investment. I will work with you personally to offer you valuable insight throughout the process, save you time and find the mortgage that best suits your situation.

With all the talk of working from home, to avoid contact with Covid 19, its timely to note that I have been in financial industry for over 60 years, and for 30 of that I have worked from home. I have been on Vancouver Island for 34 years and know the island communities well having driven from end to end many times. But I'm not limited to the island or indeed to BC. I am licensed in BC but can arrange mortgages anywhere in Canada through appropriately licensed colleagues in the respective provinces. I have arranged mortgages in interior and northern BC, as well as in Alberta, Ontario, and Nova Scotia. 

  • Expertise
    I will provide you independent expert advice on your financial options. I am not tied to a specific lender or products , but I have many years experience with different lenders , so I can offer you mortgage products that will best match your specific needs.
  • Save you time with one-stop shopping
    Instead of spending your valuable time meeting with competing mortgage lenders, I can quickly narrow down the list of lenders that will help you achieve your financial goals. I will make your comparison-shopping fast, easy, and convenient.
  • No charge to you
    There's absolutely no charge for my services on typical residential mortgage transactions. Like many other professional services, such as insurance, mortgage brokers are paid a finder's fee when we introduce dependable clients to a financial institution. For Commercial Mortgages lenders do not pay brokers a fee. I will charge the borrower a fee, usually less than other commercial mortgage groups. If you are not happy with your current commercial lender/bank/CUI can review your information and see if I can find a better fit for you at a different institution.
Why Should You Use My Services?
I will negotiate on your behalf. Many people are uncertain or uncomfortable negotiating mortgages directly with their bank. And even if you have an existing relationship with your branch, TMG does millions of dollars of transactions yearly with a wide variety of lending institutions so we have strong lender relationships. I can use that relationship to your advantage to negotiate your mortgage to ensure you secure competitive rates and terms that benefit you.
Commercial/investment mortgages require a broker that is experienced in the industry and has connections with lenders. I have more than 55 years experience in Commercial Lending due to my more than 47 years of banking and a further 18 years as a Commercial and residential mortgage broker. 
 
I will also ensure that you're getting the best rates and terms. Even if you've already been pre-approved for a mortgage by your bank or another financial institution, you're not obliged to stop shopping! I can investigate on your behalf to see if there is an alternative to better suit your needs. Dont accept the rate offered for renewal of your mortgage without checking with a broker to see if there is a better rate available. There usually is. 
 
Do you know about mortgage customization? All mortgages are not created equally, and depending on your financial goals, I will ensure the mortgage you receive helps you with those goals. Whether borrowing to purchase, renovate, or make your mortgage interest tax deductible, I can ensure that the mortgage you have helps achieve these financial goals.
Think Outside the Branch for Your Mortgage
New Mortgage
Need a new mortgage? I'll help you pick the right fit for you and your budget.
Renewal
When it comes time to renew your mortgage, I'll help you review your options and make the renewal process simple and easy.
Refinancing
Sometimes, refinancing is your best option for a variety of reasons. Let me review your options and do the hard work for you!
Get started with your application now!
I'm here to help with your mortgage needs, refinancing, new home purchases or mortgage renewals.
Types of Mortgages

A fixed mortgage offers you the security of locking in your interest rate for the term of your mortgage, so you know exactly how much principal and interest you will be paying on the mortgage during the term. Terms range from 6 months to 10 years. Fixed rate mortgages offer some form of pre-payment, from 10% to 25% of the original mortgage balance each year, depending on the lender. If you wish to pay off your mortgage in full, there will be a penalty of either 3 months simple interest, or an Interest Rate Differential (IRD), which can be significant depending on the lender. You should know the lenders policy at the outset.  The benefit of this mortgage is the rate is lower than an open mortgage, making it a more popular option if you have no plans to pre-pay it in full during the term you select. Or you can select variable rates based on a difference from prime and which can change with changes to Bank of Canada/Chartered Bank Prime rate. 

Rates have shown some reduction so far this year, and may have room to fall further later in year. But in my view , we will never again see the sub 3% rates we saw in recent years.

 


Do you have the funds to live in retirement that you've been dreaming of? If you're like many Canadians you may find yourself house rich but short on funds for everyday expenses, or the travel you've always wanted. The good news is that if you're a homeowner 55 plus there's a solution to help you live the life you've always imagined.
 
I'm about to turn 82 myself, and wish I'd taken advantage of this option before I sold my house. I sold in 2016 and now my former home is worth twice what I sold it for. 
 
You can access up to 55 % of your home's value with a Reverse Mortgage . You retain 100% ownership of your home. The title and ownership of your home belong to you and not the bank. There are  several bank and other lenders that offer Reverse Mortgage Products and I can help you select the one best for you. The amount you would get from a Reverse Mortgage is considerably less the younger you are. This product works best for those in late 70's and 80's. 
 
The money you get is tax free. It also doesn't impact your OAS, or Guaranteed Income Supplement.
 
You decide how to spend the money you get. You can use the net proceeds from your Reverse Mortgage to pay off existing mortgage, other hugh interest loans and credit cards ,make home renos or retrofits, pay unexpected expenses, financially help children or grandchildren, or purchase a second property.
 
There are NO regular mortgage payments required. Once you decide to leave your home, the interest and principal and any applicable charges are simply paid off from the proceeds of the home sale. You are still required to maintain your property taxes, fire insurance, and condominium or maintenance fees.
 
NO negative equity guarantee. You will never owe more than the fair market value of your home. 
 
Lets talk about the retirement fund potential of your home. Give me a call 250-228-5980 or text to find out more. I am 81 years old and missed the opportunity to use this funding as I sold my home, so am very familiar with the issues.
 




An open mortgage allows you the flexibility to pay off some or the entire mortgage at any time, without penalty. Interest rates are usually higher and are tied to the Bank's Prime Rate.

A secured line-of-credit allows you to access the equity in your home whenever you choose. Rates are tied to prime, usually slightly above prime. Required payment on the balance can be as low interest only, making it a good choice where cash flow may be important. Lower interest rates compared to an unsecured line of credit. You may have a secured line of credit and a mortgage, if you have good equity in your home.

The Rates, Today
Because I work with a wide variety of lenders I can access competitive, lower-than-advertised interest rates. Check back often to see how these rates compare to average bank rates.
How Much Can You Afford?
Use this mortgage calculator to help you figure things out
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Get in touch with me today for your free consultation!

Whether you're looking for a first mortgage, refinancing your current home, or just researching your options, I'm here to help. If you're a Commercial or Investment property I have connections with appropriate lenders to meet your needs.