Read Our Reviews

Client First Mortgages is rated 4.76 out of 5.0 stars based on 42 review(s).

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Steve made it very easy and simple got a great rate for us highly recommend

- Derek Doucette

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Steve offers outstanding service! Covers all bases for very smooth transitions through the entire process. Thank you.

- Jamie Parkin

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Great guy great service

- William Carrie

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Excellent, professional, efficient. Impressive. Very thankful to have Steve organize the deal.

- Cheryl Harrington

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I was very impressed with the service I received with ClientFirst. I highly recommend them. Very professional and knowledgable.

- Susan arnold

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Very good

- Todd Wiebe

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Steve was extremely helpful, knowledgeable and prompt. He made the process and my options easy to understand and I would highly recommend him to anyone.

- Glen Fishbook

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Steve is fantastic, gets the job done with little fuss and he is clear in explaining the process and mortgage products

- Timothy McCutcheon

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Great service! Thanks Steve!

- Clive Ivins

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Thanks for the work and time you did Thanks again

- Ricky Vella

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Steve was very organized, informative, punctual, and reassuring especially with everything going on with the pandemic and not being able to meet people in person.

- Brodie Procyk

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Very professional, and well informed. I appreciated the advice and service. Steve kept me informed of the latest information and market advice, and quickly helped with my mortgage needs and future planning. I would definately recommend, and will use again Client First Mortgages.

- Susan Arnold

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Steve is very professional and made the mortgage process quick and easy!

- Kent Senko

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This was our first home purchase, Steve was very patient with us, not only explaining all the steps of the mortgage application process but also walking us through various scenerios and concerns.

- Robert Gora

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I would highly recommend Steve DSouza as an amazing mortgage broker. This was my first experience with using a mortgage broker and I must say that he was so on top of every part of the process, extremely professional, and got us an amazing result in a very timely manner, especially through this COVID-19 time in our lives. I highly recommend using Steve DSauza for your mortgaging needs.

- Lynn Anderson

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Steve made the mortgage process smooth and simple. As questions arose, communication was clear and helpful. As a first time a first time home buyer, the learning curve of finding an ideal mortgage resembled less of a mountain and more of a hill. Would recommend.

- Joel MacLean

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Hey there Steve. You made the process smooth and informative; you brought clarity when answering questions and it couldn't have been a better process. The place is great, and our transition into it has been easy! We will definitely recommend your services to friends and family.

- Joel M and Aaron M

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First Class

- Richard Brown

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Steve was very helpful from the beginning. He was knowledgeable and professional. Highly recommended!

- Alan Braun

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This was my first time using a Mortgage Advisor and I wasn't disappointed. Nathan was professional, helpful, knowledgeable, and so informative. I got a great rate on my mortgage. I would definitely recommend Nathan to my friends and family.

- Jennifer Baillie

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Very professional and got me a great rate!

- Pamela House

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great job

- Nelson Talbot

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Great to work with; knows his stuff.

- Scott Walters

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Had the privilege of working with Steve D'souza as my mortgage advisor. He went over and above for me and gave me all the information when it comes to the fine details of the mortgage and the best deal. Will definitely be recommending Steve to all my friends and family.

- William Lawless

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We’ve worked with Nathan Isherwood twice now and the process is easy for clients who might not be doing mortgage applications often and his explanations are clear and easily understood.

- Greg Basham

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We've worked with Nathan Isherwood twice now and the process is easy for clients who might not be doing mortgage applications often and his explanations are clear and easily understood.

- Greg Basham

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Steve was easy to work with! He made the process smooth and reduced the stress of financing. His communications were clear and timely. We would definitely use his services again.

- Lisa-Dawn Markle

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I highly recommend Steve & Nathan at Client First Mortgages! I will continue to use personally and recommend to my friends and family for all their new mortgage and re-financing needs!!

- Chase Shymkiw

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I highly recommend Steve & Nathan at Client First Mortgages! I will continue to use personally and recommend to my friends and family for all their new mortgage and re-financing needs!!

- Chase Shymkiw

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I highly recommend Steve & Nathan at Client First Mortgages! I will continue to use personally and recommend to my friends and family for all their new mortgage and re-financing needs!!

- Chase Shymkiw

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I highly recommend Steve & Nathan at Client First Mortgages! I will continue to use personally and recommend to my friends and family for all their new mortgage and re-financing needs!!

- Chase Shymkiw

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I highly recommend Steve & Nathan at Client First Mortgages! I will continue to use personally and recommend to my friends and family for all their new mortgage and re-financing needs!!

- Chase Shymkiw

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Steve! Thank you so much for everything, the mortgage process was seamless and pleasant. Usually a stressful process but you made it so much better, Star and Nabi

- Setareh Doustdar-Haghighi

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Steve always makes himself available, even for the most simple of questions.

- David McKillop

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We recently purchased an investment property and had Steve help us out. He was able to get us qualified at a lower rate and for more money than the bank. He was a pleasure to work with.

- Brad Davis

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We had a really short contract period but Nathan was able to get us approved at a great rate and without any hassles. The whole process was smooth and stress free. Thanks.

- Bradley Davis

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Steve was so helpful, calm, and encouraging every step of the way - he made what could be a very stressful process as smooth and painless as could be. Thanks Steve!

- Natalie Jones

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We are very happy with our dealings with Nathan. He was able to set up things for us quickly and answered any questions or concerns we had.

- Constance Robson

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This is our second time using Steve as our mortgage broker. He goes above and beyond every time. Always answers questions we have no matter how big or small, and lets us know what is going on every step of the way! He’s amazing at his job and very knowledgeable!

- Jennifer Boyes

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No one better than Nathan

- Michelle Lycan

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Steve's caring and knowledge was essential.He is an asset to your company!

- Hooshang Jafarzadeh

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Excellent experience. We will highly recommend Steve.

- Christopher Rankin

What is happening to the equity in your home?

Home equity, what does this term mean?  It is the difference between the value for which you could sell your property and what is owed against it.  As Canadians’ home values grew and grew in recent years, many people became intoxicated with the idea that they were now paper millionaires.   Even as their children complained they would never be able to buy a house, many older Canadians with comfy suburban homes cheered on the the housing boom – and went shopping.

Economists have a term for this behaviour, it’s called the ‘wealth effect’, and it means that when people feel richer, they spend more – even if they don’t necessarily have a cent more to spend than they did before.  “If your house is suddenly worth 20% more, even if you don’t have more money, you feel richer,”  said an economist at National Bank Financial.

Is this rational? 

In many cases, the wealth effect is not rational.  An increase in your equity doesn’t actually make you ‘richer’ on a day-to-day basis.  The value of your house has doubled, but so has the value of everyone else’s house, so you’re no better off if you sell your home and need to buy a new one.  But what really does change is the debt people carry.  It’s no coincidence that, as house prices rose faster than incomes over the past 15 years, the amount of household debt in Canada soared to nearly $1.70 per dollar of disposable income, from around $1.10 in the early 2000’s.

What happens when the wealth effect reverses?

The wealth effect has arguably played a role in Canada’s strong economic performance in recent years.  Economists noted that since around 2007, Canada has seen the fastest economic growth among G7 countries, a growth that was driven by consumption, which rose along with house prices.

When homeowners start feeling poorer, they will adjust their spending downwards.  That will slow the retail sector, putting pressure on many businesses and slowing employment growth.  That decline in employment will make it harder for some to pay their mortgages, putting further downward pressure on real estate.

Lending will decline. Fewer people will be taking out HELOC’s on their homes, and the loans they can qualify for will be smaller.  That will slow down the financial sector.  In all, there will be downward pressure on the economy.  In a recent study, Moody’s Analytics tried to put a number to the wealth effect.  They came up with 4.5 cents: For every dollar you gain in perceived wealth, you spend an extra 4.5 cents.

So let’s say the average house price here by us drops by $50,000 (leaving it at a still hefty $730,000 for all housing types).  If Moody is right, the typical Fraser Valley homeowner will reduce their spending by about $2,250 a year.  Multiply that by the hundreds of thousands of homeowner households in the region, and that amounts to a serious economic headwind.

Still some optimism

The economists see something positive on the horizon: booming foreign trade numbers.  So trade and business investment might just save Canada’s economy from a consumer-led slump, BUT there is one very notable upshot to the real estate downturn:  It will mean improving home affordability, which is at its worst levels in decades.  ‘A downward move in price could help some people to get into the market’, was noted.  So maybe paper-millionaire boomers will be scaling back their lifestyles soon, but at least their kids might have a shot at getting on the property ladder.

If you are looking to purchase a home in the near future, don’t delay, contact us and we will advice you on the best option available for financing your purchase.

Original article: www.huffingtonpost.ca