Sarah Thomas Mortgages

Sarah Thomas Mortgages Sarah Thomas
www.sarahthomasmortgages.ca
Tribe Financial - Brokerage License No. 12782
Lvl -1

📣😮‍💨 Variable rate mortgage holders can breathe a sigh of relief. Bank of Canada decided to hold interest rates amid a ...
03/18/2026

📣😮‍💨 Variable rate mortgage holders can breathe a sigh of relief. Bank of Canada decided to hold interest rates amid a clouded outlook. This marks the third consecutive meeting where rates remained unchanged. The next interest rate announcement is April 29th.

📢 Breaking News: The Bank of Canada has decided to hold interest rates steady as of January 28th, 2026! 📊 This means tha...
01/28/2026

📢 Breaking News: The Bank of Canada has decided to hold interest rates steady as of January 28th, 2026! 📊 This means that mortgage rates will remain stable, providing more predictability for homeowners and potential buyers. 🏡✨ It’s a great time to explore your options and plan your next steps in the housing market.

11/13/2025

Are you locked into a higher interest rate and wondering if it makes sense to make changes to your mortgage to access a lower rate?

Collect this info, and I will help you determine the next steps that are best for you!
* estimated property value
* Current mortgage balance
* Current mortgage rate
* Term (original term - 3 years? 5 years?)
* Mortgage lender
* Payment amount
* Payment frequency
* Renewal date
* Are there any debts to be consolidated?
* What is your penalty to break your mortgage?
Click the link in my bio to set up a mortgage analysis appointment!

Another amazing Tribe Financial team event winery. Nothing better than spending quality time with my Tribe agents and l...
10/28/2025

Another amazing Tribe Financial team event winery. Nothing better than spending quality time with my Tribe agents and lender partners. 3 days of full on team building and collaboration. My heart is full!

07/26/2025

📅 “My mortgage renewal isn’t until next year…”
That’s okay, it’s might still be worth exploring your options this early!

💡 Here's why:
✅ Many lenders offer a 120-day rate hold and some allow you to renew up to 6 months early.
✅ You can compare rates early to see if your current rate is still competitive.
✅ A refinance might actually make more financial sense, especially if you want to access equity or lower your payments sooner.

Getting ahead of your renewal gives you time to make the right decision and not a rushed one. Or helps you to keep an eye on rates so you know when to pull the trigger to jump on an option you feel confident in.

📩 Let’s get a head start and explore your options together!

💥60% of Canadians end up paying a penalty to break their mortgage.Why? Because life happens!!🔹 Marriage or divorce🔹 A gr...
07/25/2025

💥60% of Canadians end up paying a penalty to break their mortgage.
Why? Because life happens!!
🔹 Marriage or divorce
🔹 A growing family
🔹 A job change or relocation
🔹 The need to access a lower interest rate
🔹 Requiring equity for debt consolidation, renovations, or other goals

Breaking your mortgage can come with a cost, but it might still make financial sense in the bigger picture.

📊 Let’s run the numbers and explore your options. I’ll help you understand the penalty, the potential savings and whether it’s the right move for you.

📩 Reach out anytime if you're thinking about making a change.

🔑 Closing Day – What to Expect (Plain & Simple)Before closing day, you’ll meet with your lawyer to sign all the legal pa...
07/23/2025

🔑 Closing Day – What to Expect (Plain & Simple)
Before closing day, you’ll meet with your lawyer to sign all the legal paperwork. They’ll let you know the exact amount of money you’ll need to bring in to finalize your purchase.

🏡 On closing day:
Your lawyer handles all the "behind-the-scenes work". Like transferring funds, registering the property, and tying up any loose ends.

Once that's all done, your lawyer will confirm that the deal has officially closed, and then... you get the keys! 🔑

📌 Heads up:
🕒 Closings can take time, so don’t expect keys first thing in the morning
🚫 Try to avoid closing on a Friday, near a long weekend, or at month end (they’re busier and delays are more likely)

Have questions about closing? I’m always here to help walk you through it!

07/21/2025

💸 Should you pay off your debts with your down payment savings?

The answer: It depends on your goals.

Paying off debt might not impact your mortgage pre-approval as much as you think. However, in some cases it can make a big difference.

Instead of guessing, let’s run the numbers so you can see it side-by-side. I’ll show you exactly how paying off debt vs. keeping the savings for your down payment could affect your homebuying power.

📊 Knowledge = clarity. Let’s figure out the best move for your specific situation.

📩 DM me or book a call to get started!

07/19/2025

🏡 Can you use rental income to qualify for a mortgage?
Absolutely, but how it’s used depends on the lender.
Some lenders apply a straightforward percentage of the rental income toward your qualifying income, while others use a rental worksheet to calculate net income after expenses.

The key? Not all lenders treat rental income the same and that’s where working with an experienced mortgage broker (like me!) can give you access to more options than walking into your bank.

📩 Let’s chat if you’re planning to buy a rental or use income from one you already own!

07/18/2025

📋 On probation at a new job? Here’s what lenders are really looking at:
✅ Same industry?
✅ Income the same or higher than before?
If yes, you likely have a strong case for mortgage approval.

🚩 Red flags for lenders:
🔹 Switching to a brand new industry
🔹 No consistent income history
🔹 Contract or hourly work with limited stability

Being on probation doesn’t automatically disqualify you, it just means we need to present a solid file.

If you're on probation and looking to get pre-approved, let’s connect. I’ll help you navigate your options and find a lender who understands your story.

📲 Reach out any time!

07/17/2025

💰 41% of first-time home buyers used gifted funds from a family member to help purchase their home.

Thinking about using a gifted down payment?
Here's what you need to know:
✅ The gift must come from an immediate family member (parent, grandparent, sibling, etc.). This is needed once the funds have been deposited to your account and is lender specific.
✅ A signed gift letter is required confirming the funds are not expected to be repaid
✅ The money must be in your account before closing and a statement to show proof of funds available will be needed.
✅ Lenders might ask to verify source of funds by way of a bank statement from your family member.

Using a gift can be a great way to get into the market sooner. Just make sure it’s done the right way. Need help navigating this? I’ve got you.
📩 DM me anytime or book a call to chat about your options!

Address

Ottawa, ON
K1S5H3

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+16138642580

Website

,

Alerts

Be the first to know and let us send you an email when Sarah Thomas Mortgages posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share