Getting Mortgage-Ready: 4 Key Steps to Take Before You Apply
Getting mortgage-ready doesn’t have to be complicated. The earlier you prep your finances, the smoother the process. These four practical steps will help you feel confident and in control when it’s time to apply. In this guide: Reduce Your Debt Improve Your Credit Score Ensure Job Stability Save for a Larger Down Payment Reduce Your […]
2024 Tax Return Reminder for Mortgage Applications
As the tax filing deadline approaches, it’s important to remember that lenders will soon require 2024 tax returns when assessing mortgage applications. Here are two key points to keep in mind: Timely Filing Matters – If you plan to apply for a mortgage before September 2025, ensure your 2024 taxes are filed on time. Delays […]
Discover Hidden Savings in Your Mortgage – Here’s How!
When most people think about mortgages, they focus on one thing: the interest rate. But what if your mortgage could also help you save on taxes, interest, and insurance — while building your long-term wealth?With strategic mortgage planning — plus the right partnerships — it can. In this article, I’m going to tell you […]
How Removing a Co-Signer Could Lower Your Mortgage Costs
When you first bought your home, you might have needed a co-signer — someone who helped you qualify by strengthening your mortgage application. But what if removing your co-signer could lower your payments and reduce your interest costs? Removing a co-signer could be one of the smartest financial moves you make — giving both you […]
Simplify Debt & Save Thousands with a Consolidation Mortgage
If you’re juggling multiple debts and feeling the pressure of high-interest payments, you’re not alone. Many homeowners in BC are turning to debt consolidation mortgages as a smart way to simplify their finances and reduce stress — while potentially saving thousands. What Is a Debt Consolidation Mortgage? A debt consolidation mortgage allows you to combine […]
Why I Sometimes Recommend My Clients Work with the Competition!
At Paul Hudson Mortgage Wealth, my priority is always doing what’s best for my clients—even if it means not completing a mortgage with me. Sometimes, the best solution might be with a bank branch or a bank mortgage specialist. Here are some scenarios where I might recommend exploring options outside of the mortgage broker channel: Short-Term Rate […]
How to Mortgage Your Vacation Cottage or Recreational Property
As we reach the height of summer, the idea of purchasing a cottage or recreational property often comes to mind! Financing a recreational property can make owning a secondary home a reality for you and your family for years to come. Boating and water adventures, weekend bike trips, ski chalet memories, and retreat getaways are […]
Unusual Property Zoning? Let Us Help!
With real estate prices soaring in British Columbia and across Canada, clients are exploring alternative real estate opportunities for homes or businesses. With a team of over 60 brokers in our Xeva Mortgage network, we have the expertise to find the right mortgage solution even for properties with unique zoning. Zoning Opportunities We’ve Successfully Assisted […]
New Mortgage Options: Second, Alternative, and Commercial Mortgages
I’m excited to share that I now offer second mortgages, alternative mortgages, and commercial mortgages tailored for the self-employed through Paul Hudson Mortgage Wealth’s Xeva Channel. Let’s dive into what these mortgages entail and how they might benefit you. Mortgage Options Explained Second Mortgages A second mortgage lets you borrow against your home’s equity without […]
How to Pay Less Interest When Mortgage Rates Are High!
In the words of Ralph Waldo Emerson, ‘Money often costs too much,’ and these words ring especially true in the current interest rate market. However, it doesn’t have to be this way. While interest rates play an important role in determining how much your borrowing will cost you, there are ways to work the mortgage system […]