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My Rates

6 Months 3.34%
1 Year 3.19%
2 Years 3.19%
3 Years 3.64%
4 Years 3.79%
5 Years 3.79%
7 Years 4.24%
10 Years 4.39%
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:
Head Office: 2183 240th Street, Langley, Okanagan, 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 per cent

The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 per cent. The global economic expansion continues to moderate, with growth forecast to slow to 3.4 per cent in 2019 from 3.7 per cent in 2018. In particular, growth in the United States remains solid but is expected to slow to a more sustainable pace through 2019. However, there are increasing signs that the US-China trade conflict is weighing on global demand and commodity prices. Global benchmark prices for oil have been about 25 per cent lower than assumed in the October Monetary Policy Report (MPR). The lower prices primarily reflect sustained increases in US oil supply and, more recently, increased worries about global demand. These worries among market participants have also been reflected in bond and equity markets. The drop in global oil prices has a material impact on the Canadian outlook, resulting in lower terms of trade and national income. As well, transportation constraints and rising production have combined to push up oil inventories in the west and exert even more downward pressure on Canadian benchmark prices. While price differentials have narrowed in recent weeks following announced mandatory production cuts in Alberta, investment in Canadas oil sector is projected to weaken further.

Largest portions of household budgets go to shelter and transportation

Shelter remained the largest budget item for households in 2017, at 29.2% of their total consumption of goods and services. Spending on transportation, the second-largest expenditure category, accounted for 19.9% of total consumption, followed by food expenditures at 13.4%. Households spent an average of $18,637 on shelter, up 3.4% from 2016. Included in this total was an average of $16,846 paid for principal residence (which includes rent, mortgage payments, repairs and maintenance costs, property taxes and utilities) and an average of $1,791 for other accommodation, such as hotels and owned secondary residences. In 2017, two out of every three Canadian households owned their home, and more than half of homeowners had a mortgage. Homeowners with a mortgage spent an average of $25,904 on their principal residence, compared with $9,642 for homeowners without a mortgage and $13,499 for renters. Canadian households paid $12,707 for transportation in 2017, up 6.7% from 2016. They spent an average of $11,433 on private transportation, which includes the purchase of cars, trucks and vans, as well as their operating costs. Households, on average, spent $2,142 on gasoline and other fuels in 2017, up 9.8% from 2016, reflecting the 11.8% annual average increase in gasoline prices. Spending on public transportation, which covers public transit, taxis, intercity buses, trains and air fares, remained relatively unchanged at $1,274. In 2017, 84.0% of households owned or leased a vehicle. Vehicle ownership was highest in rural areas (94.9%) and lowest in cities with a population of at least one million residents (79.0%).

MY LENDERS

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