Rowan Smith

Senior Mortgage Planner

  • Down Payment – What the Banks Expect

    Deals fall apart from time to time due to down payment not being “sourced and seasoned.” This means the borrower couldn’t prove where the money came from, and provide a reliable track record of the funds. Down payment is important to the banks! It is a vital part of the deal, and cannot be borrowed

  • Bi-Weekly Payments – How They Accelerate Your Mortgage

    I get confused requests a lot of the time with people wanting bi-weekly payments, but they aren’t sure why. They’ve just been told by friends and family that it speeds up your mortgage. This video blog explains exactly why. Enjoy! Transcript of Video Blog: Hey, everybody, it’s Rowan Smith with the Mortgage Centre. A lot

  • Mortgage Changes Continue – Stated Income Limited

    More mortgage changes are commented on, particularly, those for self employed people: Transcript of Video Blog: Hi everybody, Rowan Smith at the Mortgage Centre. So once again, there’s been another rule change that’s come down and this one deals specifically with self-employed people. I have heard statistics, and I have nothing to back this up,