Mortgage Blog

The Southwell Mortgage Team, Your Ottawa Mortgage Experts

Category: Announcements (39 posts)

10 Steps to Home

10 Steps to Home

June 3, 2019 | Posted by: Chad & Patty Southwell

... [read more]

6 reasons to work with an expert on your mortgage renewal

6 reasons to work with an expert on your mortgage renewal

January 30, 2019 | Posted by: Chad & Patty Southwell

Given the large financial commitment of a mortgage, it's surprising that so many homeowners sleepwalk through the mortgage renewal process and don't look at all their options in the marketplace. Many ... [read more]

10 expert tips on saving money for a down payment

10 expert tips on saving money for a down payment

October 9, 2018 | Posted by: Chad & Patty Southwell

These days, saving money for a down payment is no easy feat. In the United States, it takes an average of six-and-a-half years to save for a 20 percent down payment. In San Jose, the country’s m ... [read more]

3 tools to help manage your finances

3 tools to help manage your finances

October 2, 2018 | Posted by: Chad & Patty Southwell

There's a steady stream of news ringing alarm bells about our nation's debt problem. Some debt is necessary but how much is too much? If your debt is stressing you out, it's time to make a change. ... [read more]

What’s a monoline lender and how is it different from a bank?

What’s a monoline lender and how is it different from a bank?

May 30, 2018 | Posted by: Chad & Patty Southwell

I’m often asked about monoline lenders - who are they, what benefits do they offer, and how do you get access to a monoline lender anyway? Good questions. “Mono” means “one&rd ... [read more]

How 'bad clients' screw themselves

How 'bad clients' screw themselves

April 4, 2018 | Posted by: Chad & Patty Southwell

As professionals we are accountable for every aspect of the transaction with our clients. Sometimes...rarely, a client can get in their own way and botch up their mortgage. To most, doing the ri ... [read more]

Mortgage Payment Life Hack

Mortgage Payment Life Hack

April 4, 2018 | Posted by: Chad & Patty Southwell

Budgeting in the age of interact is a nightmare. How do you balance your books when your account is a revolving door for everything from groceries to movies to mortgage payments? Here's th ... [read more]

Make more money in 2 minutes

Make more money in 2 minutes

April 4, 2018 | Posted by: Chad & Patty Southwell

How can I have more? Do less. What do I mean by that? Every new year's resolution includes a list of things you thing you need to add to your life to improve yourself. The reality is self improv ... [read more]

How to cope with financial anxiety

How to cope with financial anxiety

April 4, 2018 | Posted by: Chad & Patty Southwell

Are you feeling stressed about your finances? Anxiety is the most common mental disorder in Canada with over 3 million people suffering.  Money is the king of triggers. A national survey conduc ... [read more]

Ten mortgage tips you won't get from your bank

Ten mortgage tips you won't get from your bank

January 3, 2018 | Posted by: Chad & Patty Southwell

  More new mortgage rules come into effect January 1, which will make it trickier to negotiate a mortgage for many Canadians. But with a little expert advice, I can help ensure you have a happy ... [read more]

5 ways a Mortgage Broker can #helpthisperson

5 ways a Mortgage Broker can #helpthisperson

December 13, 2017 | Posted by: Chad & Patty Southwell

As Mortgage Agents we're often the front line person helping in a financial crisis. Life can be messy; people get divorced, lose jobs, have accidents or serious illness...stuff happens that can ... [read more]

How to Deal With Mortgage Payment Difficulties

How to Deal With Mortgage Payment Difficulties

December 4, 2017 | Posted by: Chad & Patty Southwell

Sometimes unforeseen financial circumstances can impact your ability to make your regular mortgage payments. Or perhaps your debt demons have been caused by taking on too much other high-interest de ... [read more]

5 Tips to Protect your Identity

5 Tips to Protect your Identity

September 26, 2017 | Posted by: Chad & Patty Southwell

Identity theft can cause you huge headaches, but having your house sold without your knowledge is among the worst kind of outcome that can result. Take steps to prevent identity theft and fraud by : ... [read more]

First Time Home Buyers' Plan

First Time Home Buyers' Plan

September 19, 2017 | Posted by: Chad & Patty Southwell

  Thinking about buying your first home? Wish you had saved up a good down payment? Maybe you have, but didn’t know it. Designed to help first-time buyers get into home ownership, the fed ... [read more]

Five Tips for First Time Homebuyers

Five Tips for First Time Homebuyers

September 18, 2017 | Posted by: Chad & Patty Southwell

  Although mortgage debt is ‘smart’ debt, buying your first home is a huge financial decision and there is a lot to think about. It’s one of the most important financial deci ... [read more]

This is how to buy and renovate

This is how to buy and renovate

July 17, 2017 | Posted by: Chad & Patty Southwell

  Many homebuyers looking at older properties find themselves in a common predicament: they’ve found a property that suits them, but it needs some costly and immediate upgrades. Good new ... [read more]

crunch time - a case for the second mortgage

crunch time - a case for the second mortgage

July 12, 2017 | Posted by: Chad & Patty Southwell

Mortgage lending got a lot more complicated in the last year, making it difficult for home owners to access the equity in their home.  Qualified applicants may access up to 80% of the value of ... [read more]

Ten great reasons to use a mortgage broker

Ten great reasons to use a mortgage broker

July 10, 2017 | Posted by: Chad & Patty Southwell

  For many Canadians, mortgage payments are their single biggest expense. Yet most don’t comparison shop to ensure they’re getting the best mortgage rate and terms available, which ... [read more]

Teach Money Skills to Your Middle Schooler This Summer

Teach Money Skills to Your Middle Schooler This Summer

June 27, 2017 | Posted by: Chad & Patty Southwell

According to a University of Michigan Study, the average high school senior – who may already be juggling a part-time job in addition to their schoolwork– knows little about saving or pr ... [read more]

How do I get rid of this mortgage faster.

How do I get rid of this mortgage faster.

June 14, 2017 | Posted by: Chad & Patty Southwell

The faster you can pay off your mortgage, the more you’ll save in interest and the faster you can build wealth. Here are five ways to do it sooner:   Add a bit to your monthly payment.& ... [read more]

HGTV Stars share 7 tips to renovate your home on the cheap

HGTV Stars share 7 tips to renovate your home on the cheap

June 1, 2017 | Posted by: Chad & Patty Southwell

  Spring and summer seasons are the busy time for home buying and selling – and renovations. HGTV’s newest star couple, Erin and Ben Napier, urge homeowners to spruce up their ... [read more]

Bridge Financing explained in plain English

Bridge Financing explained in plain English

April 26, 2017 | Posted by: Chad & Patty Southwell

A bridge loan is a short-term financing tool that helps you “bridge” the gap between old and new mortgages when you move from one home to another. You may be taking possession of your ne ... [read more]

Less mortgage. Higher rates. What gives?

Less mortgage. Higher rates. What gives?

March 21, 2017 | Posted by: Chad & Patty Southwell

Here’s an explanation of what’s going on with Canadian mortgages right now. Firstly, understand that there are different kinds of lenders: big banks, small banks, and a wide range of non ... [read more]

Zero Downpayment is Alive and Well

Zero Downpayment is Alive and Well

March 8, 2017 | Posted by: Chad & Patty Southwell

  Many Canadians are not aware that zero down is alive and well and offered by a handful of excellent lenders to qualified borrowers. Of course, you have to wonder if zero-down can possibly ma ... [read more]

Mortgage Rates and Qualifying Are So Complicated Now.  Here's Why.

Mortgage Rates and Qualifying Are So Complicated Now. Here's Why.

March 3, 2017 | Posted by: Chad & Patty Southwell

If you’ve been shopping for a mortgage lately, you’ll have figured out that rates seem to be all over the map and qualifying has changed. That’s because of new mortgage rules intro ... [read more]

Are Canadians saving enough for retirement?

Are Canadians saving enough for retirement?

February 15, 2017 | Posted by: Chad & Patty Southwell

  Many Canadians think of retirement as a time filled with vacations, getaways to the cottage and spending more time on hobbies and interests. However, there are many other factors to consider ... [read more]

Best mortgage & clean up debt to save you thousands!

Best mortgage & clean up debt to save you thousands!

February 6, 2017 | Posted by: Chad & Patty Southwell

Wouldn’t spring cleaning be so much more gratifying if – somewhere under dusty barbecue parts and outgrown hockey skates – you found an envelope with, say, $5,000 in cash? Wouldn&r ... [read more]

Home Reno ROI: Renovations that pay off

Home Reno ROI: Renovations that pay off

January 30, 2017 | Posted by: Chad & Patty Southwell

  Not all reno projects will hit the jackpot, but the right improvements can certainly help boost the value of your home. Even if you are renovating for personal reasons only, it makes go ... [read more]

That low-rate mortgage could actually cost you more.

That low-rate mortgage could actually cost you more.

January 23, 2017 | Posted by: Chad & Patty Southwell

Cheapest is not always best. We know that’s true when we’re shopping for anything else. But we still tend to believe that lowest rate is the one and only factor in choosing a mortgage. M ... [read more]

Self Employed Client gives a review

Self Employed Client gives a review

January 12, 2017 | Posted by: Chad & Patty Southwell

Nothing makes us happier than a happy client!  Check out this review:   Some brokers -- and many homebuyers – think that a mortgage broker only does one thing: search for an interest ... [read more]

Mortgage Brokers Work with Self-employed Canadians Everyday

Mortgage Brokers Work with Self-employed Canadians Everyday

January 9, 2017 | Posted by: Chad & Patty Southwell

While freelancers, contractors, entrepreneurs and small business owners are considered an excellent and reliable customer group, it’s not always easy for someone who is self-employed to get mo ... [read more]

I RESOLVE… to clear these holiday bills and start building wealth.

I RESOLVE… to clear these holiday bills and start building wealth.

January 5, 2017 | Posted by: Chad & Patty Southwell

Most Canadians suffer with their highest personal debt load in January, when the “holiday hit” arrives and your credit card statements let you know just how much you spent on the festive ... [read more]

Financial comfort and joy

Financial comfort and joy

December 12, 2016 | Posted by: Chad & Patty Southwell

It’s tempting to overspend at this time of the year so take a quick assessment of your financial situation before you get started on your holiday shopping.  It can help make sure you don& ... [read more]

Home maintenance tips tor the most grueling season - winter

Home maintenance tips tor the most grueling season - winter

December 5, 2016 | Posted by: Chad & Patty Southwell

Your house is an important investment that you want to keep in tip top shape, especially if you are planning to be there for the foreseeable future.  It’s also your home, which means regu ... [read more]

A peek behind deeply discounted 5-year rates

A peek behind deeply discounted 5-year rates

December 1, 2016 | Posted by: Chad & Patty Southwell

  When considering a deeply discounted 5-year rate, keep in mind that cheapest isn't always best. Strangely, we know that's true when we're shopping for anything else, but we still tend to bel ... [read more]

Debt Solutions

Debt Solutions

November 21, 2016 | Posted by: Chad & Patty Southwell

  If your debt is piling up – credit cards, store cards, car and loan payments– then the interest that you’re paying could be standing in the way of your financial security. ... [read more]

Check out the CHIP Reverse Mortgage Solution!

Check out the CHIP Reverse Mortgage Solution!

November 14, 2016 | Posted by: Chad & Patty Southwell

If you are over 55 and own your own home, you can access up to 55% of the equity without selling your home.   ... [read more]

3 DON'TS before closing

3 DON'TS before closing

November 7, 2016 | Posted by: Chad & Patty Southwell

... [read more]

Welcome to our blog!

Welcome to our blog!

November 2, 2016 | Posted by: Roar Solutions

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