Stress-Test-Free Mortgages and More: How Coastal Community is Redefining Real Estate Financing with Beverly Murdock & Paula Blazina

Send us Fan MailWelcome to the Victoria Real Estate Podcast, your go-to source for the latest news and insights into the ever-evolving real estate landscape in beautiful Victoria, British Columbia. In this episode, we sat down with Beverly and Paula, representatives from Coastal Community Credit Union (Coastal Community), to discuss how they support realtors, homeowners, and self-employed professionals through tailored financial solutions and innovative programs. Highlights included Coastal Community’s mortgage options without stress tests, and their ability to leverage corporate income for self-employed individuals like realtors, dentists, and lawyers.Key Highlights:Stress-Test-Free Mortgage Options:Coastal Community provides flexibility for borrowers by qualifying certain mortgage loans without requiring a stress test, making homeownership more accessible.Corporate Income for Mortgage Qualification:Self-employed individuals with personal corporations can use corporate income to qualify for mortgages, offering a tailored solution for professionals like lawyers, realtors, and dentists.In-House Insurance Products:Coastal Community simplifies financial planning by offering home and personal insurance directly through their team, streamlining the process for clients.Three Locations in Victoria:As the largest financial institution based on Vancouver Island, Coastal Community has 3 branches in Victoria as well as another 21 branches and 13 insurance locations across Vancouver Island and the Gulf Islands, offering day-to-day banking, borrowing, investments, insurance and business services. Their Mortgage Relationship Managers can meet where it’s convenient for you.The episode emphasized Coastal Community’s dedication to collaboration, innovation, and providing practical solutions for realtors, clients, and self-employed professionals. A must-listen for anyone in the real estate or financial industry!Stay tuned, and remember to subscribe to the "Victoria Real Estate Podcast" for regular updates on all things real estate in Victoria, BC. Happy listening!https://www.yyjrealestatepodcast.com/For more information about Paula, Beverly, or Coastal Community Credit Union, contact:Beverly Murdock  Mobile Mortgage ManagerCoastal Community Credit Union 220 - 59 Wharf StreetNanaimo BC V9R 2X3t: [email protected] | cccu.caPaula Blazina (She/Her)Regional Manager South Vancouver IslandCoastal Community Credit Union 110 - 17 Helmcken RoadVictoria BC V8Z 5G5t: 250 [email protected] | cccu.caYour Hosts:Produced by: The CityNest Real Estate GroupCitynest.caEdited by: Daniel CastilloAdrian Maclaren:[email protected]@adrianrealestatevictoriaVincent Baart:[email protected] [email protected]