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AGENT LICENSE ID
M08000257
BROKERAGE LICENSE ID
11947
Susanna Penning - Your Mortgage Specialist Mortgage Agent

Susanna Penning - Your Mortgage Specialist

Mortgage Agent


Phone:
Address:
2725 Queensview Dr Suite 500, Ottawa, Ontario

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BROWSE

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COMPLETE

THE SURVEY

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A FRIEND

OUR VISION

Our vision is to be the preferred and most-trusted mortgage agent team in Ottawa, and hence develop a solid base of clients who continually repeat and refer. 

OUR MISSION

We will achieve this mission with a team of solid professionals who continually set an industry standard for excellence and integrity. We’ll strive to provide each client, with unique and individual needs, an experience that cannot be found elsewhere. Through the highest level of professional competence, we’ll finalize your most important financial transaction with seamless perfection.

OUR CULTURE

  1. Integrity

  2. Efficiency

  3. Compliance

  4. Fun

  5. Positivity

  6. Teamwork

  7. Commitment

  8. Respect

  9. Reliability

  10. Consistency

  11. Accuracy

  12. Perseverance

 
When it comes to your mortgage, your interest is our interest.
 
We will simplify a mortgage for you. It doesn’t have to be difficult. Our 30 years of combined experience in the financial industry provides us with the knowledge we need to get you a great rate while providing excellent customer service to help your home ownership dreams become a reality.
 
Let Me Show You How I am Different…
 
Your Mortgage Specialists  have a dedicated team of elite agents that will do what it takes to secure the right mortgage for you by:
 
Working for you. Your Mortgage Specialist understands the needs of clients and the complexities involved in obtaining and communicating their financing requirements.
 
Representing you. Your Mortgage Specialist does business with a variety of lenders compared to traditional institutions concerned in selling only “their” product.
 
Utilizing their independence. Your Mortgage Specialist has access to a wide range of Financial Services and Products to ensure financing requirements are met precisely with the customers’ best interest in mind.
 
Having a strong understanding of the marketplace. Your Mortgage Specialist will shop for the best deal, without the inconvenience of setting up appointments and the subsequent credit inquiries.
 
Maintaining a professional standard. Your Mortgage Specialist is required to be registered with the Ministry of Finance and complete the required educational programs ongoing.
 
Upholding strict confidentiality. Integrity that you can trust.
 
Providing you with peace of mind. Working with you, “Working for you".

BLOG / NEWS Updates

Mortgage Deferral Agreements and Their Impact

CMHCs Fall 2020 Residential Mortgage Industry Dashboard discusses mortgage deferral agreements and their impact. At the end of the second quarter, credit unions, mortgage finance companies (MFCs) and mortgage investment entities (MIEs) have allowed mortgage deferral agreements for about 6%, 7% and 7% of their respective residential mortgage portfolios. Chartered banks have allowed 16% of mortgages to go into deferral since the beginning of the pandemic. Of these, close to 2 out of 3 borrowers had resumed payments on their mortgages at the end of the third quarter of 2020. In the coming months, we could see higher delinquency rates if some borrowers are unable to resume their payments; these mortgages will have to be booked as arrears. These deferral agreements have affected financial institutions cash flows, with reductions of: 4% in scheduled mortgage payments 3% in non-scheduled payments (accelerated monthly payments and lump-sum payments) While remaining at low levels, mortgages in arrears (90 or more days delinquent) have increased slightly between the first and second quarters of 2020 from: 0.24% to 0.26%, on average, for chartered banks 0.23% to 0.25%, on average, for non-bank mortgage lenders We also observe an increase in early-stage delinquencies (31 to 59 days and 60 to 89 days), which suggests that arrears could continue on an upward trend. Source: CMHC

Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of percent, with the Bank Rate at percent and the deposit rate at percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week. The rebound in the global and Canadian economies has unfolded largely as the Bank had anticipated in its October Monetary Policy Report (MPR). More recently, news on the development of effective vaccines is providing reassurance that the pandemic will end and more normal activities will resume, although the pace and breadth of the global rollout of vaccinations remain uncertain. Near term, new waves of infections are expected to set back recoveries in many parts of the world. Accommodative policy and financial conditions are continuing to provide support across most regions. Stronger demand is pushing up prices for most commodities, including oil. A broad-based decline in the US exchange rate has contributed to a further appreciation of the Canadian dollar.

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