TYLER TROMPETTER

Mortgage Professional

Let's work together to get you the 

best mortgage available.

 

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TYLER TROMPETTER

Mortgage Professional

I’m Tyler Trompetter, a true Mortgage Professional with over a decade of experience in helping homeowners with their Mortgage needs. I began my career working at one of Canada’s largest banks, an invaluable experience that taught me the entire mortgage process from start to finish. The Canadian Mortgage market is constantly changing; transitioning from Banker to Broker has helped me to navigate these constant changes to better serve my clients.

I've built my career on helping Canadians get mortgage financing when their bank simply turned them down or perhaps did not provide the service they deserved. Be it the Self-Employed, New to Canada, First Time Home Buyer, Experienced Investor or Credit Challenged clientele, I've always found a way to say 'Yes' when the banks say 'No'.

As a Mortgage Broker I work to educate, advise, and empower clients throughout the (sometimes!) challenging journey that is mortgage financing. My lender access, product acumen, and industry experience help to tailor custom mortgage solutions to even the most challenging of cases.


In 2020 I was awarded as one of Canadian Mortgage Professionals Rising Stars for 2020 (Previously the "Young Guns" award).


If I'm not busy helping people with their mortgages you'll find me adventuring outside, travelling or working with the Live Like Ben Foundation. Read more about our community projects at livelikeben.net.


Steps in the process...

STEP ONE
Start the conversation. 

The best place to start is to connect with me directly. The mortgage process is personal, and it can be daunting. My commitment to you is that I'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, I’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. I’m your mortgage professional for life. If you’ve got questions in the years to come, I’m always available to make sure that your mortgage is working for you, and not the other way around!

LENDERS

I've developed excellent relationships with many lenders across the country. 

Let's figure out which one has the best product for you. 

SERVICES

With over 40 lenders (and counting) in my database, finding a tailored fit mortgage solution that suits your needs is my main goal. Working with a Mortgage Broker can not only save you money and stress, but perhaps most importantly - time. Searching for the right mortgage can be exhausting. Enlisting the professional services of a licensed Mortgage Broker can take out all of the guess work of finding the right mortgage for you. 

Buying a Home

When preparing for the largest financial decision of your life you want to be sure to have all options available to you. Working with a Mortgage Broker with access to over 40 different lenders ensures you have all the cards on the table to make the best decision to fit your needs. 

Be your first time or your tenth, buying a home can be a challenging process. Enlisting the services of a mortgage professional will make the process seamless and efficient. Give me a call to find out how I can help you shop with confidence.


Refinancing

Want to put your hard earned home equity to work? Perhaps you want to consolidate some of your high interest debt, buy an investment or vacation property, invest in a business, or renovate your home.. whatever the reason lets chat about how we can put some of the equity you've earned in your home to work. 

Mortgage rates are still attractive and with such large gains in home values over the years there may be more money in your home than you realize.

First Time Home Buyers

First time buyer? This process can be confusing, scary, and downright emotional at times - but it doesn't have to be. 

If you find yourself wondering how much can I afford? How much do I need to put down? How does my credit score effect my purchasing power? Feel free to reach out and let me help walk you through the process of pre-approval to home ownership. Often times a 20 minute chat can help to answer all of your questions or concerns.

Self-Employed

Self Employed? Me too. ​

This segment of the mortgage market has undergone some drastic changes over the years, and while it can sometimes feel like the banks discriminate against your income, I work with a number of lenders that have programs designed with your income structure in mind.

 

Whether you are a sole proprietor, or you use a corporation to reduce your income or taxes I specialize in working with business owners and professionals whose income isn't so black and white. 

Home Equity Loans

Have you realized significant appreciation in the value of your home and are looking at tapping into that equity? There are a number of "Low Document" products available out there that can get you quick and seamless access to your equity for whatever your personal goals may be.

 

Be wary of TV and radio advertising in this space as there are almost always more favourable terms given to mortgage professionals with the right lender access.


Troubled Credit

I operate under total confidentiality, no matter your situation. I am, for lack of a better term, "the vault" when it comes to your personal financial history. Life happens, and this shouldn't prevent you from owning a home or getting the help you need to get out of a tough situation. I work with my clients to get their credit back on track be it through a refinance, setting up pre-paid credit card to rebuild credit, or through credit coaching. No matter the situation, there is almost always a solution to explore.

TESTIMONIALS

John Doe's Image
I just purchased my first home and so I needed ALOT of hand holding when it comes to mortgages. Tyler went above an beyond to make sure I understood what I was getting into, basically giving me a crash course on the topic. On top of that, he hunted around until the last min to make sure I got the best possible rate. Very professional, knowledgeable and friendly.

Highly recommend and will come back next time I need a mortgage or refinance.

Sonia Ghog

John Doe's Image
He is the absolute number one & BEST mortgage broker in BC Canada! He helped us with our first time home purchase this year. Honestly speaking, I never though I'd be able to get the mortgage approval from a major bank -- However with his magic I got not only an OK from the A Bank but also with the best rate I could get!

Tyler really went above and beyond more than one occasions and this made me feel supported.. also, he was super responsive even I asked him a dumb question and explain it to me until I fully understand. Even now, he always ends his email with 'If you ever had any questions feel free to reach out!' which represents he's such a responsible person and provides an excellent customer services...

If you ever have a chance to work with him, you will know. He will makes everything possible and you will be pleased to work with him. :) We love our home and lots of that is thanks to Tyler! Cheers!

Olivia Cho

John Doe's Image
Tyler made the process of buying our first home so much easier. His advice and knowledge made us feel comfortable with the process. He is so nice and truly does go above and beyond for his clients. He was always easy to get ahold of and quick to respond to any questions we had. When we buy our next place in the future, we will definitely be using Tyler again. I have no problem recommending him to all my friends and family!

Thanks so much Tyler for your hard work, we really really appreciate it! :)

Kaylee Raymond

John Doe's Image
Tyler is unreal! I worked in Real Estate for over 8 years and by far this guy is the best I have ever come across! We had a mess of a deal and he pulled though and got the deal done. He even helped the buyer of my property out when she was is a VERY bad position. He was the glue that held our deal together. No matter if I emailed him at 8 am or 11 pm he would always get back to me right away! One thing I admire the most about him is his honesty, he was always was upfront and clear and gave us good information.

Thank you Tyler for everything you did, we will continue to spread the word about how amazing you are! Without you we probably wouldn't have scored our dream home.

Kristi Maier

John Doe's Image
Tyler worked hard to get us financing for a new home purchase in a difficult market. And he found a way to let us keep our current home while we did renovations when our bank of 40 years said no.

Knowledgable, very nice, responsive and always working to get us a good deal. Definite recommend!

Andrew Samuel

NEED MORE INFORMATION?

Renewal

Up for renewal?  Here are 5 steps to follow to ensure a smooth process.

Refinance

Need to refinance? Here is a plan that you can follow.

LEARN MORE ABOUT MORTGAGES


By Tyler Trompetter 10 Oct, 2024
Sometimes life throws you a financial curveball. Bankruptcy and consumer proposals happen. It doesn’t mean your life is over, and it doesn’t mean you won’t ever qualify for a mortgage again. The key to financial success here is getting things under control as quickly as possible. You must demonstrate to the potential lenders that what happened in the past won’t happen again in the future. So if you’re thinking about getting a mortgage post-bankruptcy, lenders will want answers to the following questions: How long have you been discharged? Securing a mortgage will be dependent on how long it has been since you were discharged from your bankruptcy or consumer proposal. Most lenders consider the discharge date on both to be your new ground zero. And while there is no legally defined waiting period for when you can apply for a new mortgage post-bankruptcy, what lenders will assess is how you’re managing your finances after your financial troubles. Have you established new credit? You can show lenders that they can trust you after bankruptcy by establishing new credit and managing that credit flawlessly. So as soon as you’ve been discharged, it’s a good idea to get a secured credit card and start rebuilding your credit score. To be considered completely established, you’ll want to have two years of credit history on two trade lines with a credit limit of $2500 on each trade line. You’ll also want to make sure that you have no late or missed payments. How much do you have available for a downpayment? The more money you have to put towards purchasing a property, or the more equity you have in your property in the case of a refinance, the better your chances of getting a mortgage. The more money you bring to the table, the more comfortable a lender will feel about the risk they take of losing their investment should you run into future financial difficulty. What is your total debt service ratio? Another consideration lenders will look at is how much money you make compared to the cost of making your mortgage payments. So it probably goes without saying that the more money you make compared to the amount you want to borrow, the better. Conventional or insured financing. If you’re looking to get the best mortgage products available, here are some of the things a lender will want to see: You’ve been discharged for at least two years plus a day. You’ve established your credit (as listed above). You have at least 5% down for the first $500k of the purchase and 10% down for anything over $500k. If you don’t have a 20% downpayment, you will be required to secure mortgage insurance through CMHC, Sagen (formerly Genworth), or Canada Guaranty. The cost to service the property and all your debts don’t exceed 44% of your gross income. Alternative lending As independent mortgage professionals, our job is to provide solutions and strategies for our clients. As such, in addition to dealing with many traditional lending institutions, we also have access to lenders who specialize in working with clients whose financial situation isn't all that straightforward. These private lenders offer alternative lending solutions that consider the overall strength of your mortgage application. While you won’t qualify for the best rates and terms on the market by going with an alternative lender, if you’re looking for options, you might find that alternative lending is a very reasonable solution for you. Alternative lending isn’t for everyone, but it’s an excellent solution for some, especially if you’ve gone through a bankruptcy or consumer proposal and need a mortgage before fully establishing your credit. Get in touch anytime. So whether you’re looking for a plan to help you qualify for a mortgage with the most favourable terms or if you need something more immediate. Please connect anytime. It would be a pleasure to outline your options and work on a plan to get you a mortgage.
By Tyler Trompetter 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!
By Tyler Trompetter 26 Sep, 2024
Although it’s ideal to have your mortgage paid off by the time you retire, that isn’t always possible in today’s economy. The cost of living is considerably higher than it has ever been, and as a result, many Canadians are putting off retirement, hoping to make just a bit more money to add to that nest egg. So if you find yourself in the position where you’re considering your mortgage options into retirement, you’ve come to the right place. The advantage of working with an independent mortgage professional instead of a single bank is choice. When you work with an independent mortgage professional, you won’t be limited to an individual institution’s products; rather, you will have access to considerably more options. Here are some options available to older Canadians as they plan for mortgage financing through their retirement. Standard Mortgage Financing If you’ve got a steady income, decent credit, and equity in your home, there is no reason you shouldn’t qualify for standard mortgage financing, which usually comes at the lowest interest rates and best terms. Some lenders use pension and retirement income to support your mortgage application even if you’ve already retired. Reverse Mortgage Financing A reverse mortgage allows Canadian homeowners 55 years and older to borrow money from their homes with no proof of income, no credit check, and no health questions. A reverse mortgage is a fabulous mortgage solution that has helped thousands of older Canadians enhance their lifestyle. Home Equity Line of Credit (HELOC) A line of credit secured to the equity you have in your home is an excellent tool to allow you to access money when you need it but not pay interest if you don’t need it. Many older Canadians like the idea of rolling all their expenses and income into one account. Private Financing If you happen to be in a bit of a tight spot, you have a plan but need a financial solution; private financing might be the answer. Indeed not the first choice for many because of the higher interest rates. However, private financing can provide you with options where a traditional bank can’t. If you have any questions about securing mortgage financing for your retirement, please connect anytime. It would be a pleasure to work with you and walk you through all your options.
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Port Moody Location

220 Brew St Suite 801

Port Moody, BC

V3H 0H6


White Rock Location

2383 King George Blvd #214

Surrey, BC

V4A 5A4

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