JENN SCHILL MORTGAGE TEAM

Let's work together to get you the best mortgage available.

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Our Services

Home Purchase | Refinance | Renewal
Whatever your mortgage needs, we have both the desire and the experience to make sure you get the best product and counsel available.


STEP ONE
Start the conversation. 

The best place to start is to connect with us directly. The mortgage process is personal, and it can be daunting. Our commitment to you is that we'll listen to all your needs, assess your financial situation, and provide you with a plan to move forward. 

STEP TWO
Choose the best option. 

Once we’ve had a look at your financial situation, we’ll consider a variety of mortgage options, We’ll outline what documents are necessary to qualify for a mortgage, negotiate with the lenders on your behalf, and arrange the mortgage that best suits your needs.

STEP THREE
Sit back and relax. 

Once we’ve arranged the mortgage product that best suits your needs, you’re not alone. We’re your mortgage consultants for life. If you’ve got questions in the years to come, we're always available to make sure that your mortgage is working for you, and not the other way around!

Jenn Schill

Mortgage Consultant

Hey there…Jenn Schill here! A little about me…I am married to my best friend Matt Schill and we have 2 amazing children, Grace and Gus. I live and work in beautiful White Rock South Surrey and I am blessed to have an amazing village of family and friends.


I have been a mortgage broker since 2008 and I absolutely love what I do. As an independent Mortgage Consultant, I have access to over 50 financial institutions and I work with you to create a personalized plan based on your needs right now and ensure you are in the right product for the short and long term. 


So give me a call or shoot me an email and let’s get started!

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Buddy Johnson

Mortgage Consultant

I've known Buddy for over 3 years and what has always stood out to me is his drive and focus in everything he puts his mind to. When he completed the Mortgage Brokers Course offered through UBC to become a Licensed Mortgage Consultant, I did not hesitate to offer him a position to be a part of my team. 

Speaking of teams, if this face looks familiar it may be because you have seen this Fan Favorite playing for the Surrey Eagles - our local BCHL Hockey Team! In the hockey world Buddy is known as a hard worker and strong team player and he is a true asset to my team and will be to yours.
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Liz Bowman

Executive Assistant

First impression of the beautiful Liz is her vibrant personality - you are instantly put at ease with her calm and caring nature. 

Pre-pandemic, you would find Liz travelling the world as a flight attendant with Air Canada. Her love of travel, culture and connection remain at the core of who she is. She is passionate about creating whether that be music, taking photos, making videos, painting or graphic and interior design - there isn’t anything this woman can’t do and every task given she will give back 110%. She is such an incredible addition to the team and makes my life way easier! 
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Lenders

We've developed excellent relationships with many lenders across the country. 
Let's figure out which one has the best product for you. 

Mortgage Articles


By Jenn Schill November 20, 2024
With the latest stats claiming that about half of marriages end in divorce and with around three-quarters of Canadians being homeowners, it’s important to know how to handle your mortgage if you decide to separate. Here’s a quick list of things to consider. Keep making your payments. A mortgage is a legally binding contract between you and the lender. It doesn’t take marriage into account. If your name appears on the mortgage, you're responsible for making sure the regular payments are made. A marital breakdown does not give you an excuse not to make your mortgage payments. If, during your marriage, you've relied on your spouse to make the mortgage payments and you aren’t certain payments are being made after separating, it's in your best interest to contact the lender directly to verify your mortgage is being paid. If payments aren't being made, it could affect your credit score or worse; the lender could start foreclosure proceedings. There is always a financial cost to break your mortgage. When working through how to split your finances, you decided to either refinance your mortgage, remove someone from the title, or sell the property, keep in mind that you will incur legal costs. If you’re in the middle of a term, the penalty for breaking your mortgage might be significant, especially if you have a fixed-rate mortgage. It’s certainly worth contacting your mortgage lender directly to verify the cost of breaking your mortgage. Having that information accessible when writing out your separation agreement will provide increased clarity. Listing your marital status as separated or divorced. When completing a mortgage application for securing new mortgage financing, when you list your marital status as separated or divorced, you can expect that a lender will want to see your legal separation agreement or your divorce papers. The lender wants to make sure you aren’t responsible for support payments. So if you haven’t finalized the paperwork, expect delays in securing mortgage financing. It could be harder to qualify for a new mortgage. With the separation of assets also comes the separation of incomes. If you qualified for your existing mortgage on a double income, you might find it hard to maintain the same quality of lifestyle post-separation. This is where careful planning comes in. Working closely with your independent mortgage professional will ensure you understand exactly where you stand. You’ll want to put together a plan for how to handle the mortgage on the matrimonial home. Purchasing the matrimonial home from your ex. There are special considerations given to people going through a separation to buy out the matrimonial home. Instead of looking at the transaction like a refinance where you can only borrow up to 80% of the property’s value, lenders will consider one spouse buying out the other up to a 95% loan to value ratio. This comes in handy when dividing assets and liabilities. Navigating the ins and outs of mortgage financing isn’t something you have to do alone. If you're going through a separation and you’d like to discuss all your mortgage options, please connect anytime. It would be a pleasure to walk you through the process.
By Jenn Schill November 13, 2024
If you're looking to buy a new property, refinance, or renew an existing mortgage, chances are, you're considering either a fixed or variable rate mortgage. Figuring out which one is the best is entirely up to you! So here's some information to help you along the way. Firstly, let's talk about the fixed-rate mortgage as this is most common and most heavily endorsed by the banks. With a fixed-rate mortgage, your interest rate is "fixed" for a certain term, anywhere from 6 months to 10 years, with the typical term being five years. If market rates fluctuate anytime after you sign on the dotted line, your mortgage rate won't change. You're a rock; your rate is set in stone. Typically a fixed-rate mortgage has a higher rate than a variable. Alternatively, a variable rate is not set in stone; instead, it fluctuates with the market. The variable rate is a component (either plus or minus) to the prime rate. So if the prime rate (set by the government and banks) is 2.45% and the current variable rate is Prime minus .45%, your effective rate would be 2%. If three months after you sign your mortgage documents, the prime rate goes up by .25%, your rate would then move to 2.25%. Typically, variable rates come with a five-year term, although some lenders allow you to go with a shorter term. At first glance, the fixed-rate mortgage seems to be the safe bet, while the variable-rate mortgage appears to be the wild card. However, this might not be the case. Here's the problem, what this doesn't account for is the fact that a fixed-rate mortgage and a variable-rate mortgage have two very different ways of calculating the penalty should you need to break your mortgage. If you decide to break your variable rate mortgage, regardless of how much you have left on your term, you will end up owing three months interest, which works out to roughly two to two and a half payments. Easy to calculate and not that bad. With a fixed-rate mortgage, you will pay the greater of either three months interest or what is called an interest rate differential (IRD) penalty. As every lender calculates their IRD penalty differently, and that calculation is based on market fluctuations, the contract rate at the time you signed your mortgage, the discount they provided you at that time, and the remaining time left on your term, there is no way to guess what that penalty will be. However, with that said, if you end up paying an IRD, it won't be pleasant. If you've ever heard horror stories of banks charging outrageous penalties to break a mortgage, this is an interest rate differential. It's not uncommon to see penalties of 10x the amount for a fixed-rate mortgage compared to a variable-rate mortgage or up to 4.5% of the outstanding mortgage balance. So here's a simple comparison. A fixed-rate mortgage has a higher initial payment than a variable-rate mortgage but remains stable throughout your term. The penalty for breaking a fixed-rate mortgage is unpredictable and can be upwards of 4.5% of the outstanding mortgage balance. A variable-rate mortgage has a lower initial payment than a fixed-rate mortgage but fluctuates with prime throughout your term. The penalty for breaking a variable-rate mortgage is predictable at 3 months interest which equals roughly two and a half payments. The goal of any mortgage should be to pay the least amount of money back to the lender. This is called lowering your overall cost of borrowing. While a fixed-rate mortgage provides you with a more stable payment, the variable rate does a better job of accommodating when "life happens." If you’ve got questions, connect anytime. It would be a pleasure to work through the options together.
By Jenn Schill November 6, 2024
If you’re looking to do some home renovations but don’t have all the cash up front to pay for materials and contractors, here are a few ways to use mortgage financing to bring everything together. Existing Home Owners - Mortgage Refinance Probably the most straightforward solution, if you’re an existing homeowner, would be to access home equity through a mortgage refinance. Depending on the terms of your existing mortgage, a mid-term mortgage refinance might make good financial sense; there’s even a chance of lowering your overall cost of borrowing while adding the cost of the renovations to your mortgage. As your financial situation is unique, it never hurts to have the conversation, run the numbers, and look at your options. Let’s talk! If you're not in a huge rush, it might be worth waiting until your existing term is up for renewal. This is a great time to refinance as you won’t incur a penalty to break your existing mortgage. Now, regardless of when you refinance, mid-term or at renewal, you’re able to access up to 80% of the appraised value of your home, assuming you qualify for the increased mortgage amount. Home Equity Line of Credit Instead of talking with a bank about an unsecured line of credit, if you have significant home equity, a home equity line of credit (HELOC) could be a better option for you. An unsecured line of credit usually comes with a pretty high rate. In contrast, a HELOC uses your home as collateral, allowing the lender to give you considerably more favourable terms. There are several different ways to use a HELOC, so if you’d like to talk more about what this could look like for you, connect anytime! Buying a Property - Purchase Plus Improvements If you’re looking to purchase a property that could use some work, some lenders will allow you to add extra money to your mortgage to cover the cost of renovations. This is called a purchase plus improvements. The key thing to keep in mind is that the renovations must increase the value of the property. There is a process to follow and a lot of details to go over, but we can do this together. So if you’d like to discuss using your mortgage to cover the cost of renovating your home, please connect anytime!
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We found the house of our dreams and didn’t know how we were going to be able to purchase it. I own my own business and my wife works seasonally, and we had been into a few banks and were told outright that we would not qualify to purchase for the amount of our dream home.

Our Realtor gave us Jenn’s card and with no expectations, we thought we’d give it one more try. Not only did Jenn get us into our dream home, she was able to secure us a better rate than what the banks were offering. She’s great.

Kelly & Dan

I was given Jenn’s card from my best friend that had met her at a woman’s luncheon. I called Jenn and explained my situation. I was in a high interest rate mortgage and my penalty was enormous. She sat me down, explained everything in a way that I actually understood – she was able to get my penalty reduced by more than 40% and get me into a rate that cut my monthly mortgage payments in half!!! I was on my way to financial ruin and Jenn saved my bacon!

Sherry

I was very overwhelmed with my debt load, trying to manage my mortgage, car payments, and student loans. A dear friend of mine could not say enough great things about Jennifer and how she guided them through the process and literally dialed her number for me. All I can say is thank god she did. She took the time to explain everything and outline my options. She just made the process so easy and stress free. If you're looking for the ultimate professional – Jennifer is it!

Michelle

Jenn was so helpful when we were getting our first mortgage. She explained everything in great detail and made it easy for me to understand. She is trusting, hardworking and a great person to have help you through the process. Thanks Jenn !!!!

Sam

Jenn has been a lifesaver through the process of buying a new home and remortgaging! I have had so many questions and Jenn is always very quick to respond and so helpful making things simple to understand. I would highly recommend!!!

Erin

We have been reaching out to Jenn Schill about all our mortgage needs in the last 15 years. She is amazing - very professional and knowledgable about her field.

She is always quick to respond, with lots of information, knowledge and best options for your unique situation.
She always has a smile on her face and a lot of passion for her work. When working with her, we always feel that we’re in good hands.
She also helped our son, who leaves in Calgary, when he needed information about his mortgage needs.
We feel so lucky to have her as our mortgage specialist and highly recommend her to anyone who needs a real, knowledge professional.
Thank you, Jenn.

Rossitza

I would highly recommend Jenn to take care of your Mortgage needs! Jenn has played a pivotal role in helping me over the years to understand the financial aspects relevant to mortgages and refinancing, especially for women in business. Jenn is always readily available and has a keen sense of professionalism when creating a 'personal plan' most suitable to ones needs! Thanks Jenn

Marci

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