Kendra Olsen Mortgage Broker

The last slide includes details about tiny home financing! 👀

Tiny homes are all the rage as affordability in homes and rent in Canada remains high. 📈

Swipe to learn more about tiny homes around the world! 🌎 ➡️ ➡️ ➡️

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

Get pre-approved for a mortgage to:

✨ Set a realistic budget
✨ Focus your house hunt
✨ Stand out as a serious buyer

Let's chat ➡️ DM me to discuss your options!

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

Throughout the mortgage process, the term insurance is used a lot.

Here are the 3 different types of insurance we are typically referring to:

🏦 Default Insurance = Lender protection required for minimum down payments (ex. CMHC).

🏠 Home Insurance = Typically mandatory for mortgages, protecting your property.

☂️ Life Insurance = Not mandatory, but strongly recommended for asset and family protection.

Still have questions? Let's review your unique situation and determine the best options to proceed with your mortgage. 🏡

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

30% of homebuyers got a helping hand with their down payment in 2024! 🤝

Let's explore your options together and find the perfect path to your new home! 🚀

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com



source: t.ly/3hddP

🌱 Considering a new home?

🏡 Did you know that 57% of homebuyers prioritize energy efficiency? 💡 Make greener choices and save big on bills! 💰 With 93% satisfaction and 68% savings, energy-efficient renovations are a win-win!🌟

Let's find you a home that's good for you and the planet! 🌍

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com



source: t.ly/3hddP

Yes, having a down payment is required when purchasing a house. ✅

𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐭𝐰𝐨 𝐜𝐨𝐦𝐦𝐨𝐧 𝐰𝐚𝐲𝐬 𝐭𝐨 𝐨𝐛𝐭𝐚𝐢𝐧 𝐢𝐭 𝐢𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞𝐧'𝐭 𝐬𝐚𝐯𝐞𝐝 𝐮𝐩 𝐞𝐧𝐨𝐮𝐠𝐡 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟:
➡️ Gift from immediate family
➡️ Obtain a loan or line of credit

When you receive a gift, it doesn't require repayment, so it won't impact your application. 🏡

However, if you plan to use borrowed funds, like a loan or line of credit, we'll need to include it in your application, potentially reducing your borrowing power. 📊 💳

𝐖𝐨𝐧𝐝𝐞𝐫𝐢𝐧𝐠 𝐢𝐟 𝐭𝐡𝐢𝐬 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐢𝐬 𝐫𝐢𝐠𝐡𝐭 𝐟𝐨𝐫 𝐲𝐨𝐮? Let's connect and review your application details together to find the best path for entering the real estate market sooner.

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

Imagine your home equity like an hourglass, with the sand representing the value of your home. ⏳

When you borrow from your home equity line of credit (HELOC), it's like flipping the hourglass and letting the sand slowly trickle down. Each time you use the HELOC, you're dipping into that reserve of sand, which is your equity. 🏦

Just as you can control the flow of sand in an hourglass, you have the power to manage your HELOC. 🔄

Borrow against it, pay it off, and if you're not tapping into it, you're not paying a dime in interest. 💸

It's a smart financial tool for those looking to leverage their equity in the future, even into retirement. 🎣

Ready to get a HELOC so that it's there whenever you need it? Let's get started!

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

🏡 Rental rates in Canada: 📉 Slightly lower than December but up 10.7% compared to last year! 😲

👉 B.C.: 📈 14.4% growth!
👉 Alberta: 📈 14.6% increase!
👉 Manitoba: 📈 7% uptick!
👉 Saskatchewan: 📈 7.6% rise!
👉 Ontario: 📈 13.5% surge!
👉 Quebec: 📈 9% climb!
👉 Nova Scotia: 📈 13.5% uptick!

Don't let rising rents drain your finances! 💰

Secure your financial future by owning your own home! 🏠

Get pre-approved for homeownership today and leave the rental market behind! 🔑

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com



source: t.ly/uYIBa

While there are plenty of online mortgage calculators available, you may wonder about their accuracy or if they're missing anything. 🧐 🧮

That's where my expertise comes in. As a mortgage professional, I leverage my education, skills, experience, and lender connections to find you the best mortgage possible. 🏦

Ready to crunch some accurate numbers? Let's get started. 🤝

--

📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

Can you buy a house without a realtor? 🤔 Legally, yes... But should you?

Their expertise smoothens negotiations, ensures compliance, and seamlessly collaborates with both lawyers and mortgage experts. 🧑‍💻

As your mortgage broker, I'll team up with your realtor for a smooth transaction. Need suggestions? Reach out! 👋

--

📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

"Can I buy a house on a work permit in Canada?" 🇨🇦

Yes, you can! ✅

Here's what you need:

🍁 Valid work permit or landed immigrant status 💼
🍁 Proof of income 💰
🍁 Strong credit report or two alternative credit sources with 12 months of on-time payments 📊💳

Certain conditions may apply, so it's best to talk to a mortgage broker to get started. 🤝

Call me today to learn more and go over your specific scenario. 🏦

--

📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

Thinking of making an 𝐞𝐱𝐭𝐫𝐚 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 on your mortgage? 💸

Smart move! It helps 𝐩𝐚𝐲 𝐨𝐟𝐟 𝐲𝐨𝐮𝐫 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐟𝐚𝐬𝐭𝐞𝐫 and saves on interest. 👇🏼

If your mortgage allows prepayments (usually up to 10-20%), you can put that amount towards your balance without penalty. 🎉

For example, if your original mortgage was $100,000 and your prepayment privilege is 20%, you can pay $20,000 extra without penalty. If you want to pay more, you'll face a small penalty for the extra amount.

𝐅𝐞𝐞𝐥𝐢𝐧𝐠 𝐜𝐨𝐧𝐟𝐮𝐬𝐞𝐝? 🤔 No problem! I'm here to simplify mortgages and help you save money. 💰

Let's strategize and crunch numbers together! 🤝

--

📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

Thinking of upgrading but not ready to sell your starter home? 🏡➡️🏠 𝐓𝐮𝐫𝐧 𝐢𝐭 𝐢𝐧𝐭𝐨 𝐚 𝐫𝐞𝐧𝐭𝐚𝐥 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲! Here’s how it works:

📝 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐑𝐞𝐧𝐭𝐚𝐥 𝐋𝐞𝐭𝐭𝐞𝐫: We order an appraisal to determine your home's market rental value.

💰 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐑𝐞𝐧𝐭𝐚𝐥 𝐈𝐧𝐜𝐨𝐦𝐞: This income can help offset the costs of your current home during the mortgage calculations.

🏠 𝐔𝐬𝐞 𝐭𝐡𝐞 𝐢𝐧𝐜𝐨𝐦𝐞 𝐟𝐨𝐫 𝐍𝐞𝐰 𝐇𝐨𝐦𝐞 𝐐𝐮𝐚𝐥𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧: Different lenders have varying calculations.

Ready to strategize a plan to build your real estate portfolio and step into a new home? Let’s connect! 📞

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

Can you still get a mortgage with a low credit score? 🤔
𝐀𝐛𝐬𝐨𝐥𝐮𝐭𝐞𝐥𝐲! 🏡

Despite challenges, there are numerous options available. 🏦

Swipe to learn about alternative financing, private lending, and strategic credit rebuilding plans. 📝

Don't let past setbacks hinder your homeownership goals.

Let's connect today to ALL your financing options. ✅

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

🔄 Are you ready to lower your monthly mortgage payments? A mortgage refinance might be the solution you need!

Let's chat about your options and see if refinancing aligns with your financial goals. 🏡

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

🚨 New First Time Buyer Option! 🚨

Starting August 1st, first-time home buyers can now extend their mortgage repayment period from 25 to 30 years for new construction purchases.

PRO ✅: Enjoy smaller payments or increased borrowing power.

CON ❌: However, it may result in more interest paid over time.

If you'd like to schedule a call to explore all your options, weigh the pros and cons, run scenarios, and more, let's connect! 📞

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

In the finance world, there's an acronym for everything. 😅

Don't hesitate to ask your mortgage expert what something means; it's like you asking me questions about your job! 💬

We're all experts in our field. Have questions? Let's connect. 🤝

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

It's almost that time of year, so cast your votes! 🗳️

Spring is here, and the AC debate begins! 🌸

Are you team 'open the windows' 🥵 or team 'turn on the AC'? 🥶



--

📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

When people think of mortgages, they usually consider their options as either a 5-year fixed rate or a variable rate. 📊

However, most lenders offer a variety of options in between, including fixed rates ranging from 1 to 10 years! 🗓️

Want to explore ALL your options? Let's connect! 🤝

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

120 days is [typically] the magic number! 🚨

Remember, every lender is different‼️ Some don't even offer pre-approval or rate holds! 😮

After getting pre-approved by your broker, your info usually stays valid for 3-4 months. 📆

What's next? 🤨 If nothing major changes, we update a few docs and lock in a new pre-approval. ✅

Ready to take the next step? Let's chat today! 📞

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

Many assume that a larger down payment simply means a smaller mortgage. However, the benefits go well beyond that...🤔

💸 𝐇𝐢𝐠𝐡𝐞𝐫 𝐥𝐨𝐚𝐧 𝐚𝐦𝐨𝐮𝐧𝐭𝐬:
A larger down payment may qualify you for a higher loan, giving you more purchasing power.

💸 𝐄𝐱𝐭𝐞𝐧𝐝𝐞𝐝 𝐚𝐦𝐨𝐫𝐭𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
With a substantial down payment, lenders may allow a longer repayment period, reducing your monthly payments.

💸 𝐋𝐨𝐰𝐞𝐫 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐜𝐨𝐬𝐭𝐬:
Putting more money down upfront means you'll likely pay less in interest over the life of the loan.

Ready to maximize your benefits and make the most of your mortgage? Let's work together! 🤝

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

Your lawyer is essential in securing your property legally! 🛡️

They handle a lot behind the scenes, ensuring everything is in order. From legal paperwork to representing your interests, they've got you covered. 🙌

Your realtor and I, your mortgage expert, will keep them informed every step of the way to ensure a seamless process. 🤝

Let's work together for a smooth experience! 🏡

--

📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

Success in real estate and investments requires expertise and insight. 🔮

By building a trusted team of professionals, including brokers, advisors, and agents, individuals can leverage collective knowledge and experience to make informed financial decisions, leading to greater opportunities and success in the market. 🏘️ 💸

Ready to build your winning team? I'm here to help with all your financing needs! 🤝

--

📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

Curious about the connection between U.S. inflation and Canadian interest rates? 🤔

I asked ChatGPT to break it down! 💬

What does this mean for you? 🚨 Lock in a rate today, because it can be different tomorrow!

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com



source: t.ly/4Ivc4

Got a great job with overtime but your lender won't count it? 😕

Don't stress! 😰 Most lenders need a 2-year history of bonus or overtime income. If your previous job had similar earnings, there's hope! If not, we can look into alternative lending options.

Ready to run some numbers? Let's connect! 🤝

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

If you're aiming for rejection 👉SWIPE 👉

If you're aiming for approval! ✅ DO THIS:

1. Get Pre-Approved
2. Explore Your Options
3. Be Credit Aware
4. Avoid Major Changes

Partner with a mortgage expert to secure your approval! 🤝

Call me to get started! 📞

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

Remember these tips! 👇🏼

1. Rebuild your credit soon after discharge. 💳
2. Target a credit score of 680+. 🎯
3. Consider alternative lenders for immediate homeownership, with a plan to switch later. 🔄

Don't let past financial challenges hold back your homeownership dreams! Let's start your pre-approval now. 👋

--

📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

Why do people get Private Mortgages? 💰

1. Short-term & temporary solution. 📆
2. Fast money, quick possession or flips. 🔄
3. The client or property doesn't qualify with traditional lenders. ❌
4. A stepping stone for savvy investors 🌟
5. Opens doors for creative real estate ventures 🚪✨

Ready to explore private financing? Let's chat! ☎️🏡

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

✅ Good debt = Education, Homeownership, Success.

❌ Bad debt = Credit cards, Car loans, Payday loans.

Let's chat for a free consultation about your current debts and future mortgage plans. 💬

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com

💰 If your income is non-taxable, lenders typically boost it by 25 to 35%, helping you qualify for more if needed.

📊 For example: If you earned $100K non-taxable income, lenders would calculate your mortgage application at $135K income.

Ready to calculate your specific situation? Call me today to get started.

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📞 250-686-8313
📩 [email protected]
🌐 www.kendraolsen.com