HOME RATES ABOUT SERVICES VIDEOS BLOG CONTACT ME TEAM

My Rates

6 Months 3.50%
1 Year 2.34%
2 Years 2.24%
3 Years 2.44%
4 Years 2.49%
5 Years 2.49%
7 Years 3.44%
10 Years 3.84%
6 Months Open 3.20%
1 Year Open 3.20%
*Rates subject to change and OAC
AGENT LICENSE ID
134200
Trish Balaberde Mortgage Broker

Trish Balaberde

Mortgage Broker


Phone:
Address:
#200 - 1505 Harvey Ave , Kelowna, British Columbia

BROWSE

PARTNERS

BROWSE

PARTNERS

COMPLETE

THE SURVEY

REFER

A FRIEND

 

VERICO mortgage specialists are Canada’s Trusted Experts and will be with you through the life of your mortgage.  As your broker my goal is to help you understand and successfully finance your home.  I am not tied to any one lender and will work with you, educate you and provide independent advice on the financial options that will assist you in deciding what is right for your situation. Getting the best rate is important.  So is choosing the right term and product.  You know your goals and my knowledge and experience will provide the insight on why you will choose one lender over the other.                 

I work with several lenders (more choice means competitive rates and terms) and after consultation with you I can quickly narrow down a list of those that suit you best making the choice for you easy and convenient.   You can be assured I will negotiate on your behalf and you can count on my knowledge to secure competitive rates and terms that will benefit you.  Let me investigate to see if there is an alternative to better suit your needs.

Whether you're buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — with 16 years experience I am the VERICO Mortgage Advisor who will work with you to get the right financing from the best lender with the rate and terms best suited to you.  


BLOG / NEWS Updates

OSFI tightens mortgage rules Edit

The Office of the Superintendent of Financial Institutions Canada (OSFI) published the final version of Guideline B-20 Residential Mortgage Underwriting Practices and Procedures. The revised Guideline, which comes into effect on January 1, 2018, applies to all federally regulated financial institutions. The changes to Guideline B-20 reinforce OSFIs expectation that federally regulated mortgage lenders remain vigilant in their mortgage underwriting practices. The final Guideline focuses on the minimum qualifying rate for uninsured mortgages, expectations around loan-to-value (LTV) frameworks and limits, and restrictions to transactions designed to circumvent those LTV limits. OSFI is setting a new minimum qualifying rate, or stress test, for uninsured mortgages. Guideline B-20 now requires the minimum qualifying rate for uninsured mortgages to be the greater of the five-year benchmark rate published by the Bank of Canada or the contractual mortgage rate +2%. OSFI is requiring lenders to enhance their loan-to-value (LTV) measurement and limits so they will be dynamic and responsive to risk. Under the final Guideline, federally regulated financial institutions must establish and adhere to appropriate LTV ratio limits that are reflective of risk and are updated as housing markets and the economic environment evolve. OSFI is placing restrictions on certain lending arrangements that are designed, or appear designed to circumvent LTV limits. A federally regulated financial institution is prohibited from arranging with another lender a mortgage, or a combination of a mortgage and other lending products, in any form that circumvents the institutions maximum LTV ratio or other limits in its residential mortgage underwriting policy, or any requirements established by law. To find out how this will affect you, please contact me at anytime.

Easy ways to keep more money in your pocket

It goes without saying that most of us would appreciate a little more money in our pockets. Believe it or not, its actually an achievable goal. In fact, a few simple tips can help you uncover meaningful savings each and every month. Need some ideas? Heres a little inspiration to get you started: 1. Pack food from home for lunches and snacks. Skip sandwich bags and opt for reusable containers, cutlery and drink bottle. 2. Switch light bulbs to CFLs. On average, it costs $250 a year in energy costs to light your home with incandescents. Save $150 by going with CFLs. Theyre more expensive initially, but will last 10 times longer. 3. Review and negotiate your service plansphone, internet, cable and television content. 4. Invest in topping up your insulation. Attic insulation can settle and compact over time, diminishing its original R-value and increasing heating/cooling costs. Topping it up with a quality batt insulation, like Roxul Comfortbatt, will immediately help improve the comfort of your home and reduce your monthly energy bills. 5. Pay off credit card debt and swap cards for lower interest rate options. 6. Install low-flow water fixtures to cut down on excess water consumption. 7. Lower your thermostat by two degrees in cold weather and increase it by two degrees in warmer weather. 8. Launder your clothes in cold water and at off-peak times. 9. Avoid impulse shopping. Stick to your list and avoid window shopping, which tends to draw buyers in. 10. Save money on entertainment by looking for free activities. For options in your area, try a simple internet search. You might be pleasantly surprised at the wide variety of activities and entertainment available for no or low cost. Collectively employing the tips above could potentially add up to thousands in annual savings, proving that sometimes change can be a good thing. www.newscanada.com

MY LENDERS

TD Bank Scotia Bank First National B2B Bank Home Trust
MCAP Merix Industrial Alliance Optimum Canadiana Financial
Equitable Bank ICICI Bank Fisgard Capital  RMG Mortgages Street Capital