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My Rates

6 Months 3.34%
1 Year 3.49%
2 Years 3.19%
3 Years 2.99%
4 Years 2.99%
5 Years 2.99%
7 Years 3.54%
10 Years 4.04%
6 Months Open 6.70%
1 Year Open 4.45%
*Rates subject to change and OAC
AGENT LICENSE ID
500565
BROKERAGE LICENSE ID
x026191
Tracy Head Mortgage Consultant

Tracy Head

Mortgage Consultant


Phone:
Address:
Suite 305 1630 Pandosy, Kelowna, British Columbia

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Congratulations! You’ve decided to begin your search for a new home, or perhaps you’ve already found the home of your dreams and are ready to make an offer. It’s now time to consider your mortgage options. With so many different choices available, how do you choose the right mortgage?

 

As a mortgage professional, I want to help you find the product that best fits your needs. Whether purchasing a home, renovating your current home, helping your children, or purchasing an investment or vacation property - investing in real estate is a major decision. My goal is to help make your experience a positive one. In addition to arranging mortgage financing, I am able to help you with:

 

Mortgage Check-ups - to ensure your mortgage is working for you

Credit coaching - if you have had credit problems I can suggest ways to improve your credit

Renewal Watch - advise you when rates drop to the point that it will save you money to renew your mortgage early

Rate Watch - I can add you to my weekly email with updates on the best rates available

Options - I can explain the different scenarios that will assist you with saving for your children’s education, buying a vacation property or strategies for retirement

Education - The better prepared you are, the less stressful the process. Check out my blog: Tracy Head ~ My Mortgage Mentor (http://mortgagebrokerkelowna.wordpress.com/)

 

There’s absolutely no charge for my services on typical residential mortgage transactions. Like many other professional services, mortgage brokers are generally paid a finder’s fee when we introduce trustworthy, dependable customers to a financial institution.

 

Some of the benefits of working with me include:

 

  • Independent advice regarding your financial options
  • "One-Stop" shopping - I negotiate with multiple lenders on your behalf
  • Access to multiple lenders
  • Ongoing consultation and support

 

 

 

 

 

Because my work hours are flexible, we can work on your mortgage any time. I am available evenings and weekends, which means you don't have to book time off work to get a mortgage. I am happy to meet with you either by phone or in person (depending where you are), and am always just a call away to answer any questions you have. My service and support do not end once you have your mortgage - I am available to answer questions and help with follow up whenever you need me.

 

Choosing the right lender, and the mortgage that best suits your needs, is an important decision.  I want to help make the process a smooth one for you.  Let me help you achieve your dreams.

 

Email me today at tlhead.mtg@gmail.com for your free copy of my Beginner's Guide to Mortgage Financing, and check out my blog at www.mortgagebrokerkelowna.wordpress.com for lots of helpful information and advice!


BLOG / NEWS Updates

Bank of Canada maintains overnight rate target at 1 ¾ percent

The Bank of Canada today maintained its target for the overnight rate at 1 percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 percent. The global economy is showing signs of stabilization, and some recent trade developments have been positive. However, there remains a high degree of uncertainty and geopolitical tensions have re-emerged, with tragic consequences. The Canadian economy has been resilient but indicators since the October Monetary Policy Report(MPR) have been mixed. Data for Canada indicate that growth in the near term will be weaker, and the output gap wider, than the Bank projected in October. The Bank now estimates growth of 0.3 percent in the fourth quarter of 2019 and 1.3 percent in the first quarter of 2020. Exports fell in late 2019, and business investment appears to have weakened after a strong third quarter. Job creation has slowed and indicators of consumer confidence and spending have been unexpectedly soft. In contrast, residential investment was robust through most of 2019, moderating to a still-solid pace in the fourth quarter.

LISTINGS FALL AGAIN TO END 2019, PUSHING PRICES HIGHER

Canadian Real Estate Association data show that national-level home sales fell 0.9% (sa m/m) in December 2019 after rising in the previous nine months. Limited availability looks to be increasingly weighing on sales activity. The month saw another broad-based decline in new listings18 of the 31 centres for which we have data witnessed fallsthat lifted the national sales-to-new listings ratio to 66.9%. It was the highest ratio since 2004 and a third straight month of supply- demand conditions tilted in favour of sellers (after data revisions). Fourteen cities reported sellers market conditions; the rest were balanced. The aggregate MLS Home Price Index (HPI) rose 3.4% (nsa y/y), its best gain since March 2018. Montreal remained Canadas tightest local market, with rising sales and falling listings leading to yet another record-high sales-to-new listings ratio and the citys steepest y/y MLS HPI gains since 2005. Ottawas ratio also reached a new high as new listings plunged by more than 20% (sa m/m), driving a record 12.5% (nsa y/y) MLS HPI increase. Toronto also crept into sellers market territory for the first time since March 2017as in Montreal, home purchases rose and new listings felland its 7.3% (nsa y/y) HPI rise was the sharpest since 2017. Click here for more. Source: Scotiabank Economics

MY LENDERS

TD Bank Scotia Bank Attain Mortgage First National MCAP B2B Bank
Home Trust Merix Equitable Bank Street Capital CMLS Fisgard Capital
ICICI Bank Optimum  RMG Mortgages Bridgewater Marathon Mortgages