Jessi Johnson Vancouver Mortgage Broker and Real Estate Finance » Video

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Jessi — Sat, 04 Feb 2012 03:25:56 +0000

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Oprah Winfrey’s new reality show with Jessi Johnson called Million Dollar Neighbourhood premieres!

Jessi — Tue, 17 Jan 2012 04:09:18 +0000

Force Four Entertainment and Oprah Winfrey have given me the go-ahead to finally release more information about the new reality show where my mortgage team plays a big role. The show is called Million Dollar Neighbourhood and it was filmed in Aldergrove, BC. Filming completed this past December and it’s been one heck of a ride since August.

The show premieres Sunday January 22nd on OWN at 5pm PST & 8pm ET. CLICK HERE for more details and the trailer. Believe it or not but it’s already picked up American syndication! The concept of this show has never been done before and it couldn’t come at a better time. I am honored to have been selected as the lead mortgage broker for the show.

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Las Vegas Referral Promotion!

Jessi — Sat, 22 Oct 2011 02:39:11 +0000

Do you know someone who needs helping finding a mortgage? Our business thrives from referrals and the best way to thank us for doing a good job is referring people who would benefit from our services. With every contact you send us (including yourself) that goes to application, your name goes into a monthly draw to win a trip for two to Las Vegas! Each month names are refreshed and we draw a new winner. Airfare and hotel included. The trip is valued at $800 – $1,200 depending on the time of year you travel.

Simply add your name here and each time your referral goes to application, your name goes in: REGISTER HERE

Choice of selected hotels with check-in valid Sunday, Monday or Tuesday:

Luxor
Excalibur
Stratosphere
Imperial Palace
Riviera
Circus Circus
Bally’s
Tropicana

Las Vegas Getaway Details:

Roundtrip airfare and 3 days/2 nights hotel accommodations for two adults
Air travel from approved international airports selected by Travel America
Travel arrangements must be made 60 – 90 days in advance
Excludes travel on major holidays
Travelers pay hotel and airport taxes

Please click here for the full contest terms and conditions within the promotion.

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Nominated for BEST Customer Service in Canada!

Jessi — Tue, 03 May 2011 05:31:55 +0000

Nominated for BEST Customer Service in Canada!

I would like to take this time and state that the Best Customer Service award is only possible because of our amazing Account Manager Traci Merkel. We are honoured to have been nominated for one award, led alone four. Thank you Canada for noticing our efforts!

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CMP nominates Jessi Johnson for four national mortgage awards in 2011 !!!

Jessi — Sat, 19 Mar 2011 00:52:54 +0000

CMP nominates Jessi Johnson and his team for four national mortgage awards in 2011 !!!

Canada’s national mortgage broker magazine and national awards have nominated Jessi Johnson and his team for four awards in 2011.

Best Customer Service (individual office)
Best New Brokerage (under 25 brokers)
Best Branding
Best Internet Presence

Best regards,

Jessi Johnson and team

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Georgia Straight interviews Jessi Johnson on the pending mortgage changes

Jessi — Thu, 17 Feb 2011 18:20:09 +0000

The Georgia Straight interviews Jessi Johnson on the pending mortgage changes

By Charlie Smith, February 16, 2011

New lending rules scheduled to take effect next month are stimulating housing sales, according to local mortgage brokers. Jessi Johnson, president and CEO of the Jessi Johnson Mortgage Team, told the Georgia Straight by phone that his business has seen a “definite jump”, with many first-time home buyers trying to arrange financing for 35-year mortgages.

He attributed this to the federal government’s decision to reduce the maximum amortization period for government-insured mortgages from 35 to 30 years, effective March 18. According to Johnson, this lower amortization period will reduce affordability, particularly for first-time buyers, because monthly payments increase when the lending period shrinks.

“We have a lot of new applications coming in,” he said. “I don’t blame them.”

He pointed out that the average person earns around $50,000 per year. With a five-percent down payment, they can generally afford a $280,000 home at a four-percent interest rate and with a 35-year amortization period.

Johnson noted that if the mortgage is reduced to 30 years, the same buyer can only afford a $260,000 home. And he said if interest rates rise, as many observers predict, they’ll put an even greater squeeze on first-time buyers. At 30 years with a five-percent rate, this buyer would only be able to buy a home worth $230,000. “You can’t even buy a closet for that [price] in Vancouver,” Johnson said.

Joanne Vickery, president of the Mortgage Brokers Association of B.C., told the Straight by phone that brokers’ clients are rushing to get pre-approved before the deadline. She added that this is the second reduction in the amortization period announced by Finance Minister Jim Flaherty. In 2008, he prohibited government insurance on 40-year housing loans, capping the maximum at 35 years. “I’m not sure if the government strategized to deliver it that way,” she said of the step-by-step decrease. “It’s less of a hit to the consumer.”

Johnson and Vickery stated that it was unnecessary for the government to further reduce the amortization period to 30 years. However, Vickery emphasized that she’s happy the government didn’t raise the minimum down payment from its current level of five percent. “That would have really hurt our market,” she said.

Johnson mentioned that he recently met with officials of the Canada Mortgage and Housing Corporation, which insures mortgages, to get clarity on the new rule. He discovered that a buyer can still negotiate a 35-year amortization period, even if the deal hasn’t closed by the March 18 deadline. “You just have to have a binding contract,” Johnson said. “As long as your subjects-to are removed and you’ve paid your deposit, you can close whenever you like.”

He added that the new amortization rule will have a disproportionately negative impact on the Vancouver market, where prices are higher, as well as on first-time buyers, who tend to borrow more money up front. “A lot of our investor people, they’re putting 20 percent down anyway,” Johnson revealed. “If you put 20 percent or greater down, none of these rules apply to you.”

He also claimed that if the federal government was serious about addressing consumer debt, it would be focusing on credit cards, not on 35-year mortgages. “I think 35-year amortizations should still be available for those who deserve it—for people who choose not to max themselves out,” he said.

The Canadian Real Estate Association reported this month that in January, housing resales across the country reached their highest level since April 2010. Vancouver posted the highest monthly increase—14.2 percent on a seasonally adjusted basis. This far exceeded the national monthly gain of 4.5 percent.

In a news release, CREA chief economist Gregory Klump attributed the increase in sales activity in the first quarter of 2011 to Flaherty’s January announcement that mortgage regulations will be tightened. In addition to reducing the amortization period, the federal government has also mandated a lower limit (85 percent, down from 90 percent) in borrowing against home equity, and the removal of government insurance on home-equity lines of credit.

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CMP National Mortgage Broker Awards 2011

Jessi — Sat, 15 Jan 2011 20:18:51 +0000

CMP National Mortgage Broker Awards

Voting for the CMP National Mortgage Broker Awards for 2011 is now open until January 21st, 2011.

Please give your support with a quick vote!

This year I am in the running for a number of national awards and need your help. Please take a few minutes and go to http://www.canadianmortgageawards.com/nominations and complete the quick 2 step process. If you don’t want to give your address, just type the city in the address and postal code section.

Award nominations are for the following:

Best Customer Service from an Individual Office

Our office hours are 8:30 am to 7:00pm and we even work weekends
Jessi always takes after hours calls
We now provide annual and semi annual reviews for all clients
All clients are recognized and appreciated on their birthday and during holidays

Best Newcomer (Mortgage Brokerage)

The Jessi Johnson Mortgage Team “incorporation” has only been around for a little over a year.
We constantly strive to be the best brokerage in the country.

Best Branding

If anything, we brand too much. I even branded my birthday party once!
Our branding and marketing has got us on television (BT, Global, Omni, etc), various radio stations, newspapers and magazines
We have our own water bottle line for our seminars and even rented airplanes with banners for the Vancouver fireworks

Best Internet Presence

We have a number of websites for public education, awareness and convenience: www.jessijohnson.ca www.firsthomeinfo.ca
Our online magazine www.ownyourlife.ca is designed to help Canadians live a better way of life
Each month we release four weekly educational updates with rates and one monthly newsletter
Our internet database is over 30,000 strong and growing
Over 150 video blogs have over 25,000 views
We have over 13,000 Twitter followers

Please select which categories you feel would best fit for our impression on you. Your support is appreciated, thank you!

CLICK HERE to vote and please do before January 21st, 2011.

Best regards,

Jessi and team

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HST does not apply to resale homes

Jessi — Mon, 23 Aug 2010 05:07:22 +0000

HST does not apply to resale homes

Georgia Straight, August 18, 2010

By Charlie Smith

A Vancouver mortgage broker says some real-estate agents are unaware that the harmonized sales tax does not apply to resale homes. In a phone interview with the Straight, Jessi Johnson said that even though the 12-percent HST has been part of public discussion for quite a while, there are a number of people in the industry who still aren’t clear on where it applies.

“There are a lot of false fears about HST,” Johnson said. “HST only affects new construction.”

He declined to identify the agents who were ignorant about this issue.

Johnson noted that the HST took effect on July 1, just as the housing market was undergoing a transition from a seller’s to a buyer’s market. “Anytime you transition in that period, you have a dead zone,” he claimed. “The problem is that in that dead zone, the false fears around HST came right around that same time. I don’t know if that was circumstantial, coincidental, or whatever, but it caused a really dead point in the market for me.”

He mentioned that during a two-week period in July, he had approximately one mortgage application, whereas his company normally processes 10 applications a week. “That was shocking,” Johnson said.

He emphasized that since then, the housing market has picked up.

CLICK HERE to see the article in the Georgia Straight

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Jessi Johnson on Breakfast Television

Jessi — Fri, 06 Aug 2010 00:53:48 +0000

Riaz from Breakfast Television interviews Jessi on the raising interest rates. For more information, listen in….

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Jessi Johnson on Global TV

Jessi — Fri, 26 Mar 2010 16:23:21 +0000

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