Anthony McLachlan - Mortgage Agent

Congratulations & What a reunion! 🎉🥂

Jane Johnston of The Briar Hill Group at REMAX Camosun Victoria BC had a chat about June’s market statistics and where we see things going. Clear as mud? 😂

The market peaked in February this year and we are still reporting on sales that happened 6 weeks to 3 months ago. Year over year stats show we are still at a high, however, in the attached video you will see that the market had shifted from a strong sellers to a balanced market, heading into a buyer market.

Below the graphic shows the average price of homes increased year over year. This is not surprising, but more listings have come onto the market and overall the number of sales is down 38.11% year over year for the month of June and average days on market has risen from 15 to 19 days. Still impressive. NOW is a good time to list before the market drops further.

Condos have been hit more, with the volume of sales down 50.37%. And while year over year they are higher, I'm expecting them to drop overall as more choice comes on the market. In fact, year to date, they have dropped already.

If you watch our Monday morning market updates you will see that row town homes are an interesting product to track as their vary in quality so much. So, the trend of these is at the higher end at the moment as newer, infill housing starts to sell.

BELOW IS A LINK TO A SHORT VIDEO WHICH EXPLAINS THE MARKET IN MORE DETAIL ALONG WITH MORTGAGE BROKER Anthony McLachlan. https://youtu.be/1LkFiHzq9EY

Congratulations Logan 🏠🔑🍻

Logan and I first met to discuss his future mortgage over a beer at Herald St Brewery in Victoria 3 months ago. His plan was to buy in 6 months, but because we got him pre-approved right away he was able to act quickly when he found his dream home.

Cheers to your first home Logan and thank you to .d.realty for being such a great realtor to work with!

Funcle Time

What a time being back in Ottawa to celebrate &

Talent is so uncooperative sometimes

Tinks in BC 🏔

Congrats & 🥂Nothing like a little mid wedding hurricane to kick if the nights festivities.

What do you value?

One of the many benefits of working with a mortgage professional is the time and care we take in making sure you are an informed home owner. When the difference in rate from your bank and what you can get through a mortgage professional is the same, can you say your bank offers the same level of customer service?

Anthony McLachlan - Mortgage Agent is now on WhatsApp.

Myth 1: Affordability
🔸 If you are renting in Canada then you can likely afford a mortgage payment. If you're payment sensitive fixed rates allow you to make the same exact payment for the life of your mortgage.

Myth 2: Down payment
🔸 If you're purchasing for under 1 million you are NOT required to put down 20% of the purchase price. Simply you require 5% of the first 500k and 10% of the difference up to 1-cent below 1mm.

If however you are purchasing above 1mm. there is a sliding scale meaning lenders may require you to put down more than 20%. This sliding scale typically kicks in at the 1.3mm mark, but lenders have different internal policies so speaking with a mortgage broker is key.

Myth 3: Credit
🔸 If you think you have poor credit, think again. If your score is under 700 lenders may have questions, but this does not mean you can't purchase a home. Many lenders require at least one applicant to have a score above 650. As a mortgage professionals we work closely with underwriters and business development managers from all the lenders we have access to. There are human beings behind the computer and providing context to your situation goes a long way to getting you approved.

Myth: The lower the rate the better
🔸 If you want a discount rate, you're going to get a discount mortgage. Many lenders offer no-frills products which means strings attached. One of these strings might mean you can never refinance or draw equity from your home unless there is an arms length sale. Consider your goals for the next five years before focusing on the rate.

Myth 5: Banks are the only providers of mortgages
🔸 Loyalty is great but your current bank might not have the best product to fit your specific needs. As mortgage professionals we have access to dozens of lenders with a variety of programs that could be better for you. Make sure you have a great Realtor, Mortgage Professional and Lawyer behind you to represent your interests. When you succeed, we succeed.

Here are some questions to ask yourself when making the choice between variable and fixed in 2022...

🔸 Can I afford higher payments when BOC raises their overnight rate?
🔸 Do I have plans to move, access equity for home improvements, invest or consolidate debt over the next five years?
🔸 Are stable payments my priority?

Mortgage types are very individualistic and there is a lot of noise out there. Variable is portrayed as a risky option, but if you go fixed knowing you need to eventually break you may end up forfeiting thousands of dollars due to fixed penalties. If you're payment sensitive fixed may be for you. Speak with a mortgage professional who will ask you the questions above and make sure you are in best possible position moving forward.

I joined Mortgage Broker Coach Scott Peckford on his podcast "I Love Mortgage Brokering" to discuss challenges of becoming a new agent and what steps a new agent should take to become successful. I first met Scott in early 2021 when I signed up for his 10-loans program and it was the best decision I have made for myself and my career to date. Scott is an experienced broker with a fantastic team around him who has created training programs to help teach new agents the tools to become great.

Thanks for having me on the show Scott and thank you for what you do.

‎I Love Mortgage Brokering: 352: Anthony McLachlan Learns How to Start Integrating Video in His Business on Apple Podcasts ‎Show I Love Mortgage Brokering, Ep 352: Anthony McLachlan Learns How to Start Integrating Video in His Business - Dec. 10, 2021

Love what you do.

Nothing like island the island sky.

🌻🍩 WIN A $50 VOUCHER TO SUNFLOWER BAKERY & CAFE 🍩🌻

This is the final week of our LOVE-19 Challenge, so we are ending with a crowd favourite: !!

Enter by simply following the link in my bio and selecting the LOVE-19 tab.

💥It's officially your last week to win, so get on it💥

Sunflower Bakery was first established in 1995, and has been reimagined by local owners and operators Ryan Newton & Jamie Brandon. Serving up delicious doughnuts as well as 49th parallel coffee - this is a must stop when in Downtown Squamish. 🍩🍩🍩

Looking for more chances to win?
1) You *MUST* enter the contest by following the link in my bio and selecting the LOVE-19 tab.
2) Like this post for an extra entry
3) Follow & for an extra entry
4) Share this post to your stories for an extra entry
5) Tag friends for extra entries (each tag = 1x extra entry - you can tag as many friends as you want).
The winner will be announced this Friday, October 1st, at 5pm PST.

**Contest is open to B.C. residents**








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Views of Goldstream

You've been watching your spending and saving your money responsibly for years! Now you want to buy your first home. But how much does it really cost to close on your first purchase?

Saving for a downpayment is fantastic and if you're fortunate enough to receive a gift from an immediate family member to help get you there, that's even better. But remember there are costs beyond the downpayment that you need to consider.

🔸Legal Fees: $1500-$2000
🔸Land Transfer Tax: This is a big one! In British Columbia, First Time Home Buyers will only receive a LTT rebate up to a maximum purchase price of 500k. From 500-524k you will receive a partial rebate. Anything above and you will owe the full amount.

LTT for a $700,000 property is $12,000

🔸Appraisal Fees: $350-$500
🔸Home inspection: $350
🔸Moving Costs: $2000

🔹Total closing costs $16,850

Additional costs may be required depending on the type of mortgage and your application. You should expect to spend between 2-4% of the purchase price on closing costs. Be sure to get Pre-Approved by a Mortgage Professional prior to house hunting as it my impact your buying power.

💥 WIN A CUSTOM DESIGN FROM KNOT AND GRAIN. 💥

We are back with our second last week of giveaways and this one is sure to have your home looking like a million bucks, with this awesome mountain-scape design from .and.Grain.

Enter by simply following the link in my bio and clicking on the LOVE-19 tab.

Leigh and Laura, the ladies behind Knot and Grain, first started their small business like many — during the height of COVID-19. Leigh, a huge fan of finding the perfect pieces to curate her home, had been searching for a unique piece of woodwork to warm up a particularly plain nook. Not able to find the right piece, she enlisted Laura to help her create her vision. One piece quickly became two, and they haven't stopped creating together since.

Looking for more chances to win?
1) You *MUST* enter the contest by following the link in my bio and selecting the LOVE019 tab.
2) Like this post for an extra entry
3) Follow & for an extra entry
4) Share this post to your stories for an extra entry
5) Tag friends for extra entries (each tag = 1x extra entry - you can tag as many friends as you want).

The winner will be announced this Friday, September 24th at 5pm PST.

**Contest is open to B.C. residents**

If you require help with qualification it is important to know the difference between a Co-Signer and a Guarantor.

🔹A Co-Signer is typically used when your income alone does not allow you to qualify for a purchase.
🔹A Co-Signer essentially co-owns the home with the primary applicant and will be on title.
🔹A Co-Signer must sign all mortgage documents including the Contract of Purchase and Sale.
🔹A Co-Signer is equally responsible for the mortgage payments.

🔸A Guarantor is typically used when an applicant almost qualifies but needs a boost due to credit issues.
🔸A Guarantors name does not appear on title, but they are equally responsible for paying back the loan if the primary applicant defaults.
🔸A Guarantor typically needs to be in a better financial position than the primary applicant

🔺Asking someone to be a Co-Signer or Guarantor is not a small ask. Make sure you and the family member you are asking, understand the responsibility.

Do you have a specific question about the mortgage process such as...

🔸what types of mortgages are there?
🔸how are penalties calculated?
🔸how do I qualify?
🔸what are closing costs?
🔸what is the difference between a co-signer and a guarantor?
🔸can I qualify for a mortgage while on maternity leave?

Send me a message or comment below and I will answer your questions right here so you can become more knowledgeable about the mortgage process and what it takes to become a homeowner.

👟 WIN A $50 GIFT VOUCHER FOR CAPRA RUNNING CO. 👟

We are back with our week 17 giveaway and this one is sure to get you out and moving this fall thanks to Capra Running Co.

💥WIN $50 to spend at 💥

Enter by simply following the link in my bio and selecting the LOVE-19 tab. It's that easy.

Capra is your specialty trail and mountain running store in Squamish. Founded from a passion for trail running and established to serve the unique needs of running community in the Sea to Sky corridor.

I recently picked up some new shoes at Capra because their gear is seriously great, but what's even better is their incredible customer service which will have me coming back time and time again.

Looking for more chances to win?
1) You *MUST* enter the contest by following the link in my bio and selecting the LOVE-19 tab
2) Like this post for an extra entry
3) Follow & for an extra entry
4) Share this post to your stories for an extra entry
5) Tag friends for extra entries (each tag = 1x extra entry - you can tag as many friends as you want).

Winner will be announced this Friday, September 17th at 5pm PST.

**Contest is open to B.C. residents**







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🚵‍♀️ WIN A $50 GIFT VOUCHER FOR RIDEHUB 🚵‍♀️

We are back with our week 16 giveaway and this ones going to get your adrenaline racing...

WIN $50 to spend at or .

Enter by simply following the link in my bio and select the LOVE-19 tab. It's that easy!

Ridehub is your one stop shop for bike rentals, mountain bike guiding, coaching, clinics & tours. Located in Squamish - the mecca of mountain biking, Ridehub has all your biking needs covered, including amazing coffee & snacks at their café - Ridehub. Servicing the North Shore, Squamish & Whistler - be sure to check them out for some excellent fall biking.

Looking for more chances to win?
1) You *MUST* enter the contest by following the link in my bio and selecting the LOVE-19 tab.
2) Like this post for an extra entry
3) Follow & for extra entries
4) Share this post to your stories for an extra entry
5) Tag friends for extra entries (each tag = 1x extra entry - you can tag as many friends as you want).

Winner will be announced on Friday, September 10th at 5pm PST.

**Contest is open to B.C. residents**









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🍻 WIN A $50 GIFT VOUCHER FOR BACKCOUNTRY BREWERY 🍻

We are back with our contest for week 15, and this ones sure to be a crowd pleaser. WIN $50 to spend at 🎉

Enter by simply following the link in my bio and select the LOVE-19 Challenge Tab. It's that simple.

Backcountry Brewery truly sets the standard for craft beer in the Sea to Sky Corridor, and the lower mainland. They produce an insane amount of unique beers packed full of flavour. Better yet, they have also been plating up amazing pizza to offer locals and tourist alike a memorable experience.

Looking for more chances to win?

1) You *MUST* enter the contest by following the link in m y bio and selecting the Love-19 Challenge tab
2) Like this post for an extra entry
3) Follow & for an extra entry
4) Share this post to your stories for an extra entry
5) Tag friends for extra entries (each tag = 1x extra entry - you can tag as many friends as you want).

Winner will be announced on Friday, September 3rd at 5pm PST.

**Contest is open to B.C. residents**

💥GIVEAWAY TIME💥

IT'S WEEK 14 OF THE LOVE-19 CHALLENGE AND WE ARE VERY EXCITED TO BE FEATURING

🥳 WIN A $50 GIFT VOUCHER FOR VELVET UNDERGROUND 🥳

TO WIN follow the link on my bio and hit the LOVE-19 Challenge tab to enter. It's that easy.

The goal of Velvet Underground is to create a brand and community dedicated to promoting self-expression through fashion, art, and music, as well as educating and inspiring a more sustainable and conscious lifestyle both for the people and the planet. Now that's something to be excited about!

Looking for more chances to win? See entry details below...
💥 1) You *MUST* enter the contest by following the link in my bio and selecting the LOVE-19 tab!
💥 2) Like this post for an extra entry
💥 3) Follow & on Instagram for an extra entry. We are Anthony McLachlan - Mortgage Agent & Katie McLachlan RE/MAX on Facebook
💥 4) Share this post on your stories for an extra entry
💥 5) Tag friends for extra entries (each tag = 1x extra entry - you can tag as many friends as you want).

Winner will be announced on Friday, August 27th at 5pm PST.

**Contest is open to B.C. residents**

🥖GIVEAWAY TIME🥖

IT'S WEEK 13 OF THE LOVE-19 CHALLENGE AND WE ARE VERY EXCITED TO BE FEATURING

🥖WIN A DELIVERY FROM PORTOFINO EUROPEAN BAKERY WORTH $50 🥖

TO WIN follow the link on my bio and hit the LOVE-19 Challenge tab to enter. It's that easy.

PORTOFINO EUROPEAN BAKERY is ISLAND FAMOUS! Creating bread the way it was intended, their artisanal loafs, buns and sweets will keep you coming back for more! If you're not familiar with this Vancouver Island based business you will be. Shipping all over BC and other parts of Canada, Portofino is a name you want to remember.

Looking for more chances to win? See entry details below...

💥 1) You *MUST* enter the contest by following the link in my bio and selecting the LOVE-19 tab!
💥 2) Like this post for an extra entry
💥 3) Follow & for an extra entry
💥 4) Share this post on your stories for an extra entry
💥 5) Tag friends for extra entries (each tag = 1x extra entry - you can tag as many friends as you want).

Winner will be announced on Friday, August 20th at 5pm PST.

**Contest is open to B.C. residents**

GIVEAWAY TIME

It’s week 12 of the LOVE-19 Challenge and this week we are excited to share Backyard Made. Cait designs transfer decals so you can celebrate your furry friend on any surface you like! A Squamish resident, Cait opened the doors to her e-commerce business just this year and is eager to help bring your ideas to life!

WIN $50 GIFT CARD TO CAIT’S SHOP

TO WIN head here ---> https://anthony.love-19.com/
Looking for more chances to win? See entry details below...

💥 1) You *MUST* enter the challenge via the LOVE-19 Challenge link here: https://anthony.love-19.com/
💥 2) Like this post for an extra entry
💥 3) Follow & Anthony McLachlan - Mortgage Agent for an extra entry
💥 4) Share this post on your stories for an extra entry
💥 5) Tag friends for extra entries (each tag = 1x extra entry - you can tag as many friends as you want).

Be sure to check out Caits shop at backyardmade.ca

Winner will be announced on Friday, August 13th at 5pm PST.

**Contest is open to B.C. residents**

💥 GIVEAWAY TIME 💥

It's Week 11 of the LOVE-19 Challenge and and I are thrilled to be featuring 👩‍🎨

🙌 WIN A HANDMADE CERAMIC MUG FROM EARTH & FIBRE 🙌

TO WIN just follow the link 'LOVE-19 Challenge' in my bio.

Kate, the owner and operator of Earth and Fibre, is a local ceramic and textile designer. Specializing in mugs, vases, custom lighting and much more - you will absolutely LOVE her work. **You may have seen her gorgeous mugs at .**

Looking for more chances to win? See entry details below...

💥 1) You *MUST* enter the challenge via the LOVE-19 Challenge link in my bio
💥 2) Like this post for an extra entry
💥 3) Follow & for an extra entry
💥 4) Share this post on your stories for an extra entry
💥 5) Tag friends for extra entries (each tag = 1x extra entry - you can tag as many friends as you want).

Winner will be announced on Friday, August 6th at 5pm PST.

**Contest is open to B.C. residents**