XEVA Mortgages                                                                                                       patricia@patriciacollins.ca | Cel: 604.996.7701 | Fax: 604.343.7111 | Follow Me: Facebook Facebook Twitter Tumblr


Mortgage FAQs and Tips


Why Use a Mortgage Broker?

A Mortgage Broker finds you the best deal on a mortgage.  It is impossible to know that you have negotiated the best mortgage until you have shopped all of the financial institutions competing for your business.

This page will explain the benefits of utilizing the knowledge and negotiating power of a mortgage broker.

Top 10 Series

This Top 10 Series covers a variety of topics for homeowners such as steps to purchasing a home, tips for making a greener home, and things to consider before your mortgage renews.

Top 26 Grants and Rebates for Homeowners

This list of grants and rebates for property buyers and owners was released by the Real Estate Board of Greater Vancouver in 2012 and is a great resource to ensure you are saving the most money possible!

Do I Need a Mortgage Pre-Approval?

Pre-approvals help target your home search and give you the confidence you need when looking and making offers.  Pre-approvals take a short time to obtain with me and are worth their weight in gold!

Improving Your Credit

This will help you understand your credit report and tips on how to improve and maintain it.

What Closing Costs Should I Expect?

Lenders estimate 1.5% of the purchase price to be the average closing costs.  This page outlines what these costs may include.

Short Term or Long Term?  Fixed or Variable?

Choosing what type of mortgage and what length of term best suits your needs is a big decision.  This helps explain the differences and we will discuss what will work best for you in our discussions.

How Do I Pay Off My Mortgage Faster?

Paying off your home doesn't have to take a lifetime.  Here are some tips to help you pay down your mortgage faster!

How Do I Calculate the Penalty For Breaking My Mortgage?

Penalties vary greatly depending on whether you have a fixed or variable mortgage, and whether it is with an institutional lender or monoline.  This video will help you estimate it and know the difference when you're deciding on the type of mortgage you want next time!

Mortgage Glossary

All of the mortgage terms may have your head spinning!  This glossary is a great resource when learning about mortgages.


These resources are available to you to help you in all stages of your homeownership.  Feel free to ask me for a referral to any professional or organization not listed here.

New Mortgage Policies Effective July 9, 2012

Explanation of 2012 announcement on Measures to Support the Long-Term Stability of Canada's Housing Market.

New Mortgage Rules Explained - October 2016

Explanation of the new mortgage rules and how these will impact your purchasing power.

BC HOME Partnership Program - January 2017 

Explanation of the new BC HOME Partnership Program and Process.