Why Choose a Xeva Mortgage Professional

Sabeena Bubber • May 6, 2015

 

It’s very exciting to be able to share this video with you! Xeva mortgage has just started producing videos focusing on consumer education. This video serves as an introduction and shares some of the advantages in choosing a Xeva Mortgage Professional.


The benefits of being associated with Xeva are incredible. Simply put, because we are such a big group of very high producing mortgage brokers, we have access to the top products and best rates with every lender we work with. However it is more than just access to these lenders and products that makes us special… it’s also the quality of our business. Because we broker such a high quantity of high quality mortgages, we have been able to develop amazing relationships with our lenders.


Anyone who knows good business knows that results are built on trust and relationship. Our goal is to build both trust and a great long term relationships with our clients AND our lender partners.

Xeva continues to develop a reputation for excellence, most recently being named as a finalist for the The CFF Bank Award For Best Newcomer, Mortgage Broker Firm (in Canada) at the 2015 CMP Mortgage Awards.

So what does Xeva mean anyway? 


“I have aspiration, hope and guidance. Because I am intuitive and perceptive, I understand human nature. I am versatile and I have the power to achieve.


I am inspired, introspective and have a good understanding of the human heart. I desire to inspire and to lead, to influence each others’ affairs. 


I am giving, courageous and bold; action oriented, energetic and strong-willed. I want to make a difference!”


TRANSCRIPT FROM THE VIDEO

Why choose a Xeva mortgage professional? It is simple. When you are purchasing a home and needing a mortgage, you can go to a local bank and accept one of their products only available to that institution, or you can sit down with a Xeva mortgage professional. A Xeva mortgage professional has access to a wide range of lenders that will be competing for your business therefore offering a variety of products for you to choose from and will offer the best interest rates available.


There is a benefit to use a Xeva mortgage professional as we have access to more than 50 lenders, including Canada’s largest banks, credit unions, trust company and private lenders.


This can be an overwhelming process for most consumers. Having an educated mortgage professional guide you through this transaction can relieve stress, save you time and money. We educate you about mortgage options with over 50 lenders to create the best long-term solution for you and your family. Unlike dealing with the bank staff and other brokers, trust that your Xeva mortgage professional will be here throughout the life of your mortgage to serve you from now and in the future. At Xeva Mortgage we take the time to understand your financial goals. Your Xeva mortgage professional will find the mortgage that suits you best, all with flexible terms to help you pay off your mortgage years sooner and save you thousands of dollars in interest.


Are you self-employed or new to Canada? Xeva mortgage professionals also have access to the best programs specifically designed for you! By choosing a Xeva mortgage professional you can rest assured knowing you have a licensed individual and team of professionals looking after your best interest and not the banks. Did I mention the best part? In most instances our services are free and we offer the best interest rates in the industry. Xeva’s lender partners compensate us so you don’t have to.


Contact me anytime!


 

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How Do You Port a Mortgage?

By Sabeena Bubber • September 10, 2025
Porting your mortgage is when you transfer the remainder of your current mortgage term, outstanding principal balance, and interest rate to a new property if you’re selling your existing home and buying a new one. Now, despite what some big banks would lead you to believe, porting your mortgage is not an easy process. It’s not a magic process that guarantees you will qualify to purchase a new property using the mortgage you had on a previous property. In addition to re-qualifying for the mortgage you already have, the lender will also assess the property you’re looking to purchase. Many moving parts come into play. You’re more likely to have significant setbacks throughout the process than you are to execute a flawless port. Here are some of the reasons: You may not qualify for the mortgage Let’s say you’re moving to a new city to take a new job. If you’re relying on porting your mortgage to buy a new property, you’ll have to substantiate your new income. If you’re on probation or changed professions, there’s a chance the lender will decline your application. Porting a mortgage is a lot like qualifying for a new mortgage, just with more conditions. The property you are buying has to be approved So let’s say that your income isn’t an issue and that you qualify for the mortgage. The subject property you want to purchase has to be approved as well. Just because the lender accepted your last property as collateral for the mortgage doesn’t mean the lender will accept the new property. The lender will require an appraisal and scrutinize the condition of the property you’re looking to buy. Property values are rarely the same Chances are, if you’re selling a property and buying a new one, there’ll be some price difference. When looking to port a mortgage, if the new property’s value is higher than your previous property, requiring a higher mortgage amount, you’ll most likely have to take a blended rate on the new money, which could increase your payment. If the property value is considerably less, you might incur a penalty to reduce the total mortgage amount. You still need a downpayment Porting a mortgage isn’t just a simple case of swapping one property for another while keeping the same mortgage. You’re still required to come up with a downpayment on the new property. You’ll most likely have to pay a penalty Most lenders will charge the total discharge penalty when you sell your property and take it from the sale proceeds. The penalty is then refunded when you execute the port and purchase the new property. So if you are relying on the proceeds of sale to come up with your downpayment, you might have to make other arrangements. Timelines rarely work out When assessing the housing market, It’s usually a buyer’s market or a seller’s market, not both at the same time. So although you may be able to sell your property overnight, you might not be able to find a suitable property to buy. Alternatively, you may be able to find many suitable properties to purchase while your house sits on the market with no showings. And, chances are, when you end up selling your property and find a new property to buy, the closing dates rarely match up perfectly. Different lenders have different port periods Understanding that different lenders have different port periods is where the fine print in the mortgage documents comes into play. Did you know that depending on the lender, the time you have to port your mortgage can range from one day to six months? So if it’s one day, your lawyer will have to close both the sale of your property and the purchase of your new property on the same day, or the port won’t work. Or, with a more extended port period, you run the risk of selling your house with the intention of porting the mortgage, only to not be able to find a suitable property to buy. So while the idea of porting your mortgage can seem like a good idea, and it might even make sense if you have a low rate that you want to carry over to a property of similar value, it’s always a good idea to get professional mortgage advice and look at all your options. While porting your mortgage is a nice feature to have because it provides you with options, please understand that it is not a guarantee that you’ll be able to swap out properties and keep making the same payments. There’s a lot to know. If you’re looking to sell your existing property and buy a new one, please connect anytime. It would be a pleasure to walk you through the process and help you consider all your options, including a port if that makes the most sense!

Is Refinancing Your Mortgage a Good Way to Consolidate Debt?

By Sabeena Bubber • September 3, 2025
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From Summer Shine to Fall Fine: Smart Home Projects to Tackle Before the First Frost

By Sabeena Bubber • August 28, 2025
As patios wind down and pumpkin spice ramps up, fall is the perfect reset for your home—and your homeowner game plan. These quick wins boost comfort, curb appeal, and efficiency now, and set you up for a low-stress winter (and a strong spring market). 1) Safety & “silent leak” checks (Weekend-ready) Clean gutters & downspouts. Add leaf guards where trees overhang. Roof scan. Look for lifted shingles, cracked flashings, or moss. Seal the shell. Re-caulk window/door trim; replace weatherstripping. Test alarms. New batteries for smoke/CO detectors; add one near bedrooms. Why it matters: Prevent water intrusion and heat loss before storms roll in. 2) Heat smarter, not harder Furnace/boiler tune-up and filter change. Smart thermostat with schedules and geofencing. Draft hunt. Foam gaskets behind outlets, door sweeps on exterior doors. ROI tip: Efficiency upgrades lower monthly bills and can improve lender ratios if you’re eyeing a refinance later. 3) Fall-proof your yard (so spring you says “thanks”) Aerate + overseed + fall fertilize for thicker turf next year. Trim trees/shrubs away from siding and power lines. Mulch perennials and plant spring bulbs now. Shut off/bleed exterior taps and store hoses to avoid burst pipes. 4) Extend outdoor season (cozy edition) Portable fire pit or propane heater + layered blankets. Path/step lighting for darker evenings (solar or low-voltage). Weather-resistant storage for cushions/tools to preserve value. Neighborhood curb appeal: Warm lighting and tidy beds make a big first impression if you list in shoulder season. 5) Water management = winter peace of mind Re-grade low spots and add downspout extensions (2–3+ metres). Check sump pump (and backup). Look for efflorescence or damp corners in the basement. 6) Mini-renos that punch above their weight Entry/mudroom upgrade: hooks, bench, boot trays, closed storage. Laundry room tune-up: counter over machines, sorting bins, task lighting. Kitchen refresh: new hardware, tap, and under-cabinet lighting in one afternoon. Budget guide: Many of these land under a micro-reno budget—perfect for a modest line of credit. 7) Indoor air quality tune-up Deep clean vents and dryers (including the rigid duct). Add door mats (exterior + interior) to catch grit/salt. Houseplants or HEPA purifier for closed-window months. Fast Timeline (pin this to the fridge) Late August–September Gutters/downspouts, roof/caulking, HVAC service, lawn care, plant bulbs, exterior tap shut-off plan, path lighting. October Weatherstripping/sweeps, fire pit setup, organize mudroom/garage, test alarms, sump check, downspout extensions, dryer vent cleaning. Financing smarter: make your mortgage work for your home Annual mortgage check-in. As rates, income, and goals evolve, a quick review can free up cash flow or open options for a small fall project budget. HELOC vs. top-up refinance. For bite-size projects, a HELOC can be flexible. For bigger renos you plan to pay down, a top-up refi might make more sense. Bundle & prioritize. Knock out the high-impact, low-cost items first (air sealing, safety, water management) before the cosmetic upgrades. Not sure which route fits your fall plans? We’ll run the numbers and map the best financing path for your specific budget and goals. Quick Checklist (copy/paste) ☐ Clean gutters/downspouts; add guards ☐ Roof & flashing visual check ☐ Re-caulk, weatherstrip, add door sweeps ☐ HVAC service + new filter ☐ Aerate/overseed/fertilize; trim trees; plant bulbs ☐ Path & entry lighting ☐ Drain/bleed outdoor taps; store hoses ☐ Downspout extensions; sump test ☐ Dryer vent cleaning ☐ Mudroom/garage organization ☐ Schedule mortgage review / discuss HELOC vs refi Ready to make fall your low-stress season? Book a quick fall mortgage check-up—15 minutes to see if a small credit line or a tweak to your current mortgage could cover your priority projects without straining cash flow.

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SABEENA BUBBER

MORTGAGE BROKER | AMP

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