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 09 Oct, 2024
When arranging mortgage financing, your mortgage lender will register your mortgage in one of two ways. Either with a standard charge mortgage or a collateral charge mortgage. Let’s look at the differences between the two. Standard charge mortgage This is your good old-fashioned mortgage. A standard charge mortgage is the mortgage you most likely think about when you consider mortgage financing. Here, the amount you borrow from the lender is the amount that is registered against the title to protect the lender if you default on your mortgage. When your mortgage term is up, you can either renew your existing mortgage or, if it makes more financial sense, you can switch your mortgage to another lender. As long as you aren’t changing any of the fine print, the new lender will usually cover the cost of the switch. A standard charge mortgage has set terms and is non-advanceable. This means that if you need to borrow more money, you'll need to reapply and requalify for a new mortgage. So there will be costs associated with breaking your existing mortgage and costs to register a new one. Collateral charge mortgage A collateral charge mortgage is a mortgage that can have multiple parts, usually with a re-advanceable component. It can include many different financing options like a personal loan or line of credit. Your mortgage is registered against the title in a way that should you need to borrow more money down the line; you can do so fairly easily. A home equity line of credit is a good example of a collateral charge mortgage. Unlike a standard charge mortgage, here, your lender will register a higher amount than what you actually borrow. This could be for the property's full value, or some lenders will go up to 125% of your property's value. In the future, if the value of your property appreciates, with a collateral charge mortgage, you don't have to rewrite your existing mortgage to borrow more money (assuming you qualify). This will save you from any costs associated with breaking your existing mortgage and registering a new one. However, if you’re looking to switch your mortgage to another lender at the end of your term, you might be forced to discharge your mortgage and incur legal fees. Also, by registering your mortgage with a collateral charge, you potentially limit your ability to secure a second mortgage. So what’s a better option for you? Well, there are benefits and drawbacks to both. Finding the best option for you really depends on your financial situation and what you believe gives you the most flexibility. This is probably a question better handled in a conversation rather than in an article. With that said, undoubtedly, the best option is to work with an independent mortgage professional. It’s our job to understand the intricacies of mortgage financing, listen to and assess your needs, and recommend the best mortgage to meet your needs. As we work with many lenders, we can provide you with options. Don’t get stuck dealing with a single institution that may only offer you a collateral charge mortgage when what you need is a standard charge mortgage. So if you’d like to have a conversation about mortgage financing, please get in touch. It would be a pleasure to work with you and answer any questions you might have.
By Jenn Schill 02 Oct, 2024
Buying a property might actually be easier than you think. So, if you have NO desire AT ALL to qualify for a mortgage, here are some great steps you can take to ensure you don’t accidentally buy a property. Fair warning, this article might get a little cheeky. Quit your job. First things first, ditch that job. One of the best ways to make sure you won’t qualify for a mortgage is to be unemployed. Yep, most mortgage lenders aren’t in the practice of lending money to unemployed people! If you already have a preapproval in place and don’t want to go through with financing, no problems. Unexpectedly quit your job mid-application. Because, even if you’re making a lateral move or taking a better job, any change in employment status can negatively impact your approval. Spend All Your Savings. To get a mortgage, you’ll have to bring some money to the table. In Canada, the minimum downpayment required is 5% of the purchase price. Now, if the goal is not to get a mortgage, spending all your money and having absolutely nothing in your account is a surefire way to ensure you won’t qualify for a mortgage. So, if you’ve been looking for a reason to go out and buy a new vehicle, consider this your permission. Collect as Much Debt as Possible. After quitting your job and spending all your savings, you should definitely go out and incur as much debt as possible! The higher the payments, the better. You see, one of the main qualifiers on a mortgage is called your debt-service ratio. This takes into count the amount of money you make compared to the amount of money you owe. So the more debt you have, the less money you’ll have leftover to finance a home. Stop Making Your Debt Payments So let’s say you can’t shake your job, you still have a good amount of money in the bank, and you’ve run out of ways to spend money you don’t have. Don’t panic; you can still absolutely wreck your chances of qualifying for a mortgage! Just don’t pay any of your bills on time or stop making your payments altogether. Why would any lender want to lend you money when you have a track record of not paying back any of the money you’ve already borrowed? Provide Ugly Supporting Documentation. Now, if all else fails, the last chance you have to scuttle your chances of getting a mortgage is to provide the lender with really ugly documents. To support your mortgage application, lenders must complete their due diligence. Here are three ways to make sure the lender won’t be able to verify anything. Firstly, and probably the most straightforward, make sure your name doesn’t appear anywhere on any of your statements. This way, the lender can’t be sure the documents are actually yours or not. Secondly, when providing bank statements to prove downpayment funds, make sure there are multiple cash deposits over $1000 without explaining where the money came from. This will look like money laundering and will throw up all kinds of red flags. And lastly, consider blacking out all your “personal information.” Just use a black Sharpie and make your paperwork look like classified FBI documents. Follow-Through So there you have it, to avoid an accidental home purchase, you should quit your job, spend all your money, borrow as much money as possible, stop making your payments, and make sure the lender can’t prove anything! This will ensure no one will lend you money to buy a property! Now, on the off chance that you’d actually like to qualify for a mortgage, you’ve come to the right place. The suggestion would be to actually keep your job, save for a downpayment, limit the amount of debt you carry, make your payments on time, and provide clear documentation to support your mortgage application! If you'd like to make sure you're on the right track, connect anytime. It would be a pleasure to walk through the mortgage process with you.
By Jenn Schill 30 Sep, 2024
Starting November 21, 2024, borrowers switching lenders with uninsured mortgages will no longer face the stress test, thanks to a new policy from OSFI. Previously, uninsured borrowers needed to prove they could afford their mortgage at a higher rate, which created barriers to switching for better terms. This change encourages competition among lenders and aligns the rules with insured mortgages, providing more flexibility and choice for homeowners. The decision responds to concerns raised by the Competition Bureau and reflects shifting risk management trends in the mortgage market. Key Points: Applies to Straight Switches: This policy is for borrowers switching lenders while maintaining their loan amount and amortization schedule. Stress Test Removed: No more proving affordability at higher rates during switches, allowing for easier access to competitive offers. Supports Borrower Flexibility: Homeowners now have more options to find the best mortgage rates at renewal without the stress test obstacle. Why the Change? OSFI initially maintained the stress test to manage risk but has now reversed this stance after evaluating that the original concerns have not significantly materialized. This move is designed to balance fairness for borrowers and enhance competition in the mortgage market. How It Affects You For those with uninsured mortgages approaching renewal, this policy change is a win. You'll now have the opportunity to seek out better mortgage rates without facing a stress test, making it easier to reduce financial strain, especially in a rising interest rate environment. Stay informed and take advantage of these changes by reviewing your mortgage options today!
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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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