Choosing a fixed or variable rate mortgage mainly depends on your situation. If you are looking to save the most amount of money or if you need stability month to month. It’s best if we have a discussion to find what’s best for you.
Starting June 1st the stress test is changing. Qualifying rates are changing from 4.79% to 5.25%. This isn’t a significant change but it does reduce your buying power by about 5%. Watch my full video, I explain how this affects you. Please don’t hesitate to contact me with further questions you may have.
So you’re thinking about moving…most will reach out to their realtor first, but as a mortgage broker, I think your first call should be to your mortgage broker. You should be checking with your mortgage broker to see if your mortgage is portable, so you can move it from one home to another. Watch my …
What is a collateral charge mortgage? Here’s what to know about a collateral charge mortgage. A mortgage can be registered two ways: Standard Charge Collateral Charge Collateral charge mortgages have pros and cons. You need to understand what it is, and that you have a choice. Watch the video below, where you learn more about …
What To Know About a Collateral Charge Mortgage (Watch Video) Read More »
This is when the term of your mortgage finishes. Something most people don’t understand is your current lender may not always offer you the best discounted interest rate. So when you receive your mortgage renewal notice you shouldn’t just sign, but seek outside advice to see if another lender is offering a more competitive rate …
What is mortgage insurance? When does it apply to me? Mortgage insurance is a premium that’s added to your mortgage when you have less than 20% down. It unfortunately doesn’t protect you, but protects the lender in the even of default. Here’s what you should know about mortgage insurance:
The most important things to look for in a mortgage I often refer to as the three P’s. They are portability, pre-payment and penalty. Asking your mortgage broker about the three P’s will help set you up to make the best decisions moving forward.
The housing market does not make any sense right now. How does the province of Alberta have a 20% effective unemployment rate (taking into consideration underemployment), while the Canadian central bank has bought $180 billion of Government of Canada bonds (quantitative easing), we are in round 2 of a worldwide pandemic, and the housing market …
What The Heck Is Going On With The Housing Market? Read More »
What is a mortgage pre-approval? A mortgage pre-approval is the reviewing of your financial situation to determine how much home you are allowed to purchase. Here’s how you can have the most amount of success getting a mortgage pre-approval. Watch the video below, and contact me for more questions or to get started with the …
I am not much of a New Years’ resolution person…mostly because I have forgotten or given up usually by the second or third week of January. Therefore, I like to think about it more like a theme for the year. A few years ago my theme was to “be present”. This meant when I was …
I am a mortgage broker that lives in Spruce Grove, AB but serves all of Canada. I specialize in spousal buyout programs (divorce mortgages) and can make the process as efficient and stress free as possible. I look forward to chatting with you about your mortgage needs. I can help make mortgages simple.
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