The latest from the team at Patching Mortgage

Buying a Condo? Here’s your guide to success
Condo 101 So lets start this article by defining what a condo is. A condo refers to a form of legal ownership, as opposed to a

5 key steps to buying a home
I’d like to provide you with what I believe will be very helpful for anyone planning on purchasing a home. Here is a Step

Top 5 Mortgage Tips for First Time Home Buyers
Being a Mortgage Broker has taught me many things, and one of the most important lessons I’ve discovered is that there’s always something new to

Variable vs Fixed, 2015 edition
As the overnight rate drops .25%, likely due to the decline in oil prices, all mortgage holders and people looking to get into the market

Bank of Canada lowers rate!!
Good Morning, The Bank of Canada lowered their key rate by 0.25% this morning. Good news for variable rate mortgage holders. For the full press

BC Homeowners update 2015
As many homeowners start to recieve their latest home assesments in the mail, many may notice a rapid growth in the value of thier homes.

Variable Rate Mortgage update – December 2014
The Bank of Canada left rates unchanged this morning, so no impact on the variable rates. The following is a link to the full press

Have You Considered Opting for a 50/50 Mortgage?
Hybrid mortgages – also known as 50/50 mortgage products – include an equal mix of fixed-rate and variable-rate components within your single mortgage. This means

Have you considered refinancing to pay off debt?
With the high cost of holiday gift-buying and entertaining now behind you, this may be the perfect time to get the New Year off to

Why Use a Mortgage Professional
There are generally two ways to get a mortgage in Canada: From a bank, or from a licensed mortgage professional. While a bank only offers

It’s not all about the rate
It’s easy to get caught up in the idea that comparing mortgage rates will guarantee you get the best bang for your mortgage buck. While

Choosing Your Mortgage Amortization
Selecting the length of your mortgage amortization period – the number of years it will take you to become mortgage free – is an important