Many Canadian homeowners pay too much for their homes because they are not getting the best mortgage financing available in the market.
The mortgage process can be intimidating for homeowners, and some financial institutions don't make the process any easier.
But I’m here to help!
As your personal mortgage consultant, I’m an independent, unbiased, expert, here to help you move into a home that you will love.
I have access to mortgage products from a multitude of lenders at my fingertips and I work with you to determine the best product that will fit your immediate financial needs and future goals.
VERICO mortgage specialists are Canada’s Trusted Experts who will be with you through the life of your mortgage.
I save you money by sourcing the best products at the best rates – not only on your first mortgage but through every subsequent renewal. So whether you're buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — I’m your personal mortgage consultant who will help you get the right financing, from the right lender, at the right rate.
Please call me today for your best mortgage solution and advice. Phone: 604.802.8193
BLOG / NEWS Updates
CHIP Home Income Plan - For Mature Homeowners
With todays tighter lending environment, mature homeowners, looking to borrow, may not be able to access the money they may have previously accessed through their bank. You may have a modest pension income, and yet they have a home worth 100s of thousand of dollars. The home equity is yours, but accessing it today through regular lines of credit and mortgages can be tough. A CHIP Home Income Plan is the simple and sensible way to turn up to 50% of the value that is locked up in your home into tax-free cash you can use today. You do not have to make any payments interest or principal for as long as you or your spouse live in your home. You maintain ownership and control of your home while enjoying all the benefits of having converted some of your homes value into cash. For these reasons and more, a CHIP Home Income Plan is a sound financial solution for many people. If you or someone you know, age 55 or older, is looking to access equity in their home, this may be the best solution. Speak to me today about the details of this program. There is no cost or obligation in doing so. You may reach me directly at: 604.802.8193 Best regards, Robert Mogensen, AMP - Mortgage Consultant
Have an early discussion with your kids about money management
The Minister of State (Finance) Kevin Sorenson and Financial Consumer Agency of Canada (FCAC) Deputy Commissioner Brigitte Goulard, kicked off Talk with Our Kids About Money Day, a financial Literacy campaign for youngsters. Talk With Our Kids About Money Day encourages parents and teachers to be involved and actively engage in conversations with kids and young adults about money management. From their first cell phone, to their first credit card, many young Canadians are making financial decisions without proper guidance. Having an early discussion about money will help your kids build knowledge and skills for decision making in their financial future. Parents can start by modeling good spending behaviour and ensuring your child practices sound money management. Make sure to discuss money management in a variety of settings and get your child's opinions and input about money both at home and when you are out and about. There are a number of tools, guides, and support materials you can use to help you get started. Click here for more information.
Canadians believe that buying a home is a great investment (Part 3)
There are many factors as to why Canadian homebuyers are thinking more about smart home investing and careful financial planning -As discussed on our previous blogs, Canadians believe that buying a home is a great investment – Part 1 & 2. Based on the Canada-wide survey commissioned by Genworth Canada, homebuyers are working harder and making larger contributions towards their down payment for a new home purchase. Canadians are slowly building up more confidence in their goals towards homeownership – while young professionals are saving up for their down payments, 67 percent of the older generations say their goal is to pay off their mortgage faster – which has increased from 62 percent in 2013. Over the last two years, financial literacy attitudes of Canadians have stayed consistently stronger than before. While our financial well-being is strengthening, we are also becoming more fiscally responsible. For example, the proportion of First-Time Buyers/Intenders who say they don't know what their credit rating is has declined from 32 percent to 23 percent. According to the official release, 95 percent agree that children should be taught basic finances and budgeting in school, and 93 percent would like to see education provided before people take out their first loan or credit card. For more information on homeownership, please feel free to contact me and I can give you guidance on making your first home purchase. Source: Genworth Canada
Canadians believe that buying a home is a great investment (Part 2)
In the last blog, Canadians believe that buying a home is a great investment – Part 1, we discussed some of the factors as to why Canadian homebuyers are thinking more about smart home investing and careful financial planning. According to a Canada-wide survey commissioned by Genworth Canada, homebuyers are working harder and making larger contributions towards their savings in order to make a home purchase. Image sourced from Genworth Canada Canadians are slowly building up more confidence in their goals towards homeownership. According to the official release of the survey, about nine out of ten people believe that owning their own home gives them a greater sense of emotional well-being. Despite the fact that it could mean more work needed towards saving up, Canadians would rather own a home than pay rent. For more information on homeownership, please feel free to contact me and I can give you guidance on making your first home purchase. Source: Genworth Canada
Canadians believe that buying a home is a great investment (Part 1)
According to a Canada-wide survey commissioned by Genworth Canada, homebuyers are working harder and for a longer period to save for a down payment; though many remain confident in buying a home as a long-term investment, according to the national poll surveying Canadians about their financial well-being and preparedness. Image sourced from Genworth Canada "Despite tighter mortgage qualification criteria over recent years, survey results point towards positive trends in homebuyer behaviour," Stuart Levings, Chief Operating Officer of Genworth Canada noted in the official release. "With a stable economy and real estate market, Canadians appear to have more confidence in the value of homeownership and see their goals of homeownership and financial well-being as more achievable." Canadian homebuyers are definitely thinking more about smart home investing, and by doing so, the first step in making the down payment is by saving up and through careful financial planning. The official release states that about 50 percent of potential home buyers will save up for 1-2 years; whereas, 29 percent estimates that it could take them up to 3-4 years to save up. Additionally, about 17 percent say now would be a good time to make a home purchase, with 19 percent being a higher proportion of those individuals whom are optimistic first-time buyers. Regardless of the increased prices of the housing market since 2013 and many Canadians believing that it will increase in the next 12 months, according to the official release, home ownership is still considered more favourable in comparison to renting. The study also found that 53 percent of the respondents are worried about missing the big opportunity this year of buying a house, as most are financially stretched. Source: Genworth Canada For more information on homeownership, please feel free to contact me for guidance on making your first home purchase.