Kelly Hudson Mortgages

Name: Kelly Hudson Mortgages
Address: Richmond, BC, V7C4X5, CA
Telephone: +16043125009
Price range: $

Home
Canada
Richmond, BC
Kelly Hudson Mortgages

*Residential Mortgage Broker* Helping you find the RIGHT mortgage that fits your life. Best of all, my services for a typical mortgage are free!!!

Are you overwhelmed with the thought of needing a mortgage? Do you wonder which bank offers the best option for your particular situation? Simplify your life, Mortgages made easy with Kelly Hudson. I take the worry and angst out of mortgages, save my clients money and BEST of all my advice is FREE! Mortgages are usually the biggest investment of your life, so you need to work with someone you trust. My goal is to learn all I can about you and your mortgage requirements, where you are now and where you expect to be 5 years down the road. The more I know about you and your future plans, the better I will be able to assist you in getting the best mortgage for your situation. I compare options with our 90+ lenders, then offer you the best mortgage rates and terms available, based on your specific needs. There are two ways to get a mortgage in Canada, from a bank or from an independent licensed mortgage broker, like ME!
1. Bank’s only offer mortgage products from their particular institution
2. Licensed mortgage brokers send millions of dollars in mortgages each year through Canada's banks, credit unions and financial institutions; offering our clients more choice via access to hundreds of mortgage products! My mortgage broker services are available in Greater Vancouver and beyond. I specialize in:

First time home buyers:
- Pre-approval process for buying a new property
- The application process for acquiring a mortgage

Current home owners:
- Showing you how to pay down your mortgage faster
- Renewing your existing mortgage
- Refinancing - for home renovations, debt consolidation or a better interest rates

Homeowners 55+
-CHIP Home Income Plan is a home equity loan for homeowners 55+ that want to pull some of the equity out of their home, in order to live life on their terms. Let's discuss how I can take the anxiety and worry out of your next mortgage!

09/19/2026

Fall has that “fresh start” energy 🍂

Even though it’s not the beginning of the year, it still feels like a reset, routines come back, homes feel cozier, and a lot of people start thinking about what they want to change or improve before winter.

For some, that’s finally getting serious about buying a home. For others, it’s upgrading, downsizing, or getting their mortgage in better shape. And sometimes it’s just getting organized and feeling more in control financially.

There’s no right version of a “fall goal,” perhaps it’s simply anticipating the flavour of your first Pumpkin Spice latte… it simply depends on where you’re at right now.

So I’m curious… what’s your biggest home goal for this season?

09/16/2026

Your maximum mortgage affordability isn’t just a simple income x rule, it’s a combination of a few key factors that lenders use to assess affordability.

They start with your gross income, then factor in your housing costs like mortgage payments, property taxes, strata fees (if applicable) and heat, as well as any other debts you carry.

From there, lenders apply debt ratio guidelines (GDS and TDS) to make sure your monthly payments stay within a manageable range dictated by the government.

Interest rates also play a role in the calculation, which means your maximum approval can shift depending on market conditions.

That’s why two people earning the same income can end up with very different approval amounts, because it’s not just about income, it’s about the full financial picture.

If you’re curious what your actual maximum purchase price looks like, it’s always worth getting a personalized breakdown.

09/14/2026

If you’re thinking about applying for a mortgage this fall, your credit is one of the most important things to review ahead of time.

Lenders use it to help assess risk and determine what you qualify for, so even small details can make a difference.

This doesn’t mean your credit has to be perfect, but it does mean it should be accurate, stable, and you need to be in a good place before you apply.

Things like credit card balances, payment history, and even small reporting errors can all impact your overall credit profile.

The goal over the next few weeks isn’t to overhaul everything, it’s to clean things up, reduce surprises, and give yourself the strongest position possible for buying a home.

A bit of preparation now can make your mortgage approval process a lot smoother later.

09/12/2026

Mortgage refinancing is when you replace your current mortgage with a new mortgage.

That new mortgage can come with different terms, like a new interest rate, payment structure, or amortization period, depending on your goals.

People usually refinance for a few reasons. Sometimes it’s to secure a better rate. Other times it’s to access home equity for renovations or larger expenses. It can also be used to consolidate higher-interest debt into one payment.

But it’s not something to do automatically.

There are costs involved: there will be penalties if you are breaking your current mortgage early, so the timing and numbers need to make sense overall.

When used strategically, refinancing can improve your financial situation, but it should always be based on your specific goals, not just what’s available.

09/10/2026

A good example of why timing can matter 👀

A client had been watching the market earlier in 2026 but didn’t feel rushed to make a move in the spring or summer. Instead, they decided to wait and revisit things in the fall when they felt they were in a better situation for buying a home.

By the time fall listings showed up, they were in a stronger position, more clarity on budget, pre-approval in place, and a better understanding of what they actually wanted in a home.

That combination made a big difference.

Instead of trying to figure everything out in a fast-moving market, they were able to move with intention when the right property came up.

And in the end, the timing lined up well with both their readiness and the home buying opportunities available.

It’s not always about rushing in, it’s about being ready when the right moment shows up.

09/07/2026

September always has that “reset” feeling 🍂

Back-to-school routines return, work schedules feel a bit more structured again, and the housing market usually starts to pick up as people shift out of summer mode.

It’s often when plans that were on pause start moving again, whether that’s buying, selling, renewing, or just getting finances in order for the months ahead.

For some people, it’s back to actively house hunting.

For others, it’s back to focusing on savings or credit goals.

And for many, it’s just back to getting organized after a summer.

So I’m curious… what are you going back to this September?

09/04/2026

When the Bank of Canada announces a rate decision, it often gets a lot of attention, but what it means for your mortgage depends on the type of mortgage you have.

The Bank of Canada sets the overnight rate, which influences how much it costs banks to borrow money. That, in turn, affects the rates they offer to consumers.

If you have a variable-rate mortgage, changes in the overnight rate can have a more direct impact on your payments.

If you have a fixed-rate mortgage, your rate won’t change right away, but it can still be indirectly affected over time because fixed rates are tied to bond markets and broader economic expectations.

The key thing to understand is that the Bank of Canada doesn’t set your mortgage rate directly, it sets the direction that rates tend to follow.

If you’re unsure how a recent or upcoming rate change affects your situation, it’s worth reviewing it based on your specific mortgage type.

09/02/2026

The Bank of Canada held its benchmark interest rate steady today at 2.25%, in a move widely expected by economists.

Canada’s central bank has been on hold with 2.25% rate since December 2025, with Sept. 2, 2026 announcement marking its 7th-consecutive decision to leave its trend-setting policy rate unchanged. This decision is primarily due to the economic tug-of-war between rising energy prices & a cooling labour market.

No change to the rate means Variable Rates and HELOC's remain the same. Fixed rates continue to be influenced by the bond market.

08/31/2026

Your job history plays a bigger role in mortgage approval than most people expect.

It’s not just about how much you earn, it’s also about how stable your income looks over time.

Lenders typically want to see consistency. That can mean steady employment in the same role or industry, or at least a clear pattern of reliable income.

If you’ve changed jobs recently, it doesn’t automatically hurt your chances. What matters is the type of change:
📌 Moving to a similar role or higher income can be viewed positively
📌 Gaps in employment may need explanation
📌 Frequent changes in different industries can require more review

Self-employed income is also looked at differently, typically previous 2 years history based on your tax returns (Notice of Assessment).

The key takeaway is this: stability matters as much as income.

If your job situation has changed recently and you’re thinking about buying, it doesn’t mean you can’t buy, it simply means there may be more due diligence from the lender.

08/28/2026

Second mortgages sound intense, but they’re actually pretty straightforward once you break them down.

A second mortgage is exactly what it sounds like: an additional loan taken against your home, on top of your existing mortgage.

It lets you access some of your home equity without breaking OR refinancing your first mortgage.

People use second mortgages for different reasons, home renovations, consolidating higher-interest debt, or sometimes covering large expenses.

But there are a few things to understand:
📌 It’s a separate mortgage
📌 Interest Rates are usually higher than your primary mortgage
📌 You’ll have two payments instead of one

It can be a useful tool in the right situation, but like anything tied to your home, it’s something you want to think through carefully.

If you’re considering one, it’s worth looking at how it fits into your overall financial picture before moving forward.

Address

Richmond, BC
V7C4X5

Telephone

+16043125009

Website

http://www.KellyHudsonMortgages.com/

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