01
You can get the penalty figure up front
Breaking a mortgage before maturity carries a penalty. Stephen gets the actual figure from your lender, so you're deciding with the number in hand.
Need to access equity? · Summerland
Your home can do more than sit there.
A renovation, a business need, a change in the family. There's usually more than one way to reach the equity you've built, and some routes will suit you better than others.
- Refinance, HELOC or second
- Options compared
- No obligation
Stephen Aitcheson
Submortgage Broker · BCFSA #MB610332
Verified client · Douglas M.
Our bank turned us down for a mortgage and a friend recommended Stephen Aitcheson. He took the time to understand our current finances and provided us with some great options. He was understanding, explained the entire process to us and took care of every detail making the entire process stress free.
Accessing equity
The instrument you choose changes the cost
Refinancing, a line of credit and a second mortgage all reach the same equity by very different routes, with very different consequences.
02
A line of credit is not a refinance
One re-opens the whole mortgage, the other sits alongside it. Which is better depends on how much you need and for how long.
03
Self-employed income is workable
Branches routinely decline contractors and business owners over paperwork, even when the income is clearly there. Finding the lender who reads self-employed files properly is a broker's job.
British Columbia licensed · BCFSA #MB610332. Stephen Aitcheson is a Submortgage Broker working through Xeva Mortgage LLP, serving Summerland, Penticton and the South Okanagan. He compares options across lenders rather than one lender's shelf, and his support doesn't end at approval: he schedules an annual review so the mortgage keeps matching your life. No cost to talk, and no obligation.
Before you book: good to know
What does it cost to refinance before my term ends? Breaking a mortgage mid-term triggers a prepayment penalty, and lenders calculate it in different ways. Stephen requests the exact figure from your lender so you can weigh it against what you would gain, rather than estimating.
I'm self-employed. Is that a problem? It's a documentation question more than an affordability one. Some lenders are far more comfortable with self-employed income than others, and matching you to one of those is exactly what a broker is for.
Can I use equity for something other than the house? Often yes. What matters is the structure you use to reach it, and Stephen goes through the trade-offs with you.
Stephen Aitcheson, Submortgage Broker, British Columbia Broker License BCFSA #MB610332, working through Xeva Mortgage LLP. Rates and terms are not guaranteed and are confirmed directly with Stephen and the lender. Nothing here is financial or legal advice.
Reserve your spot, then pick a time
Leave your details and we'll hold your spot, then you go straight to the booking page to pick a time that suits you.
- Compares refinance, HELOC and second-mortgage routes
- Experienced with self-employed and contractor income
- BCFSA-registered, working through Xeva Mortgage LLP
Prefer to talk? Call 250-299-3886.
Hold my spot
You're all set. Pick your time below.
Book a 30-minute call