Blog - Edmonton Mortgage Brokers

Protect Your life

December 9, 2019December 9, 2019 By mt-admin

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Protecting your life with mortgage insurance is very important to help manage unexpected life events. Insurance protection for both life and disability is yet another cost when purchasing a home however how does one plan on paying the mortgage if one was to die and leave a spouse behind to…

Mortgage Surprises

November 24, 2019November 24, 2019 By mt-admin

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5 Mortgage Switch Surprises to keep an eye out for. Switching your mortgage can save you thousands however choosing the right one can be a challenge. With the Government of Canada 5-year “bond rates” being all over the map, interest rates are changing daily. Lenders often have rate specials to…

Budget for Closing Costs

November 7, 2019November 7, 2019 By mt-admin

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If you have been thinking of buying a home, you’ve probably started saving for the down payment. But have you considered how much you will need to save for the closing costs? If you haven’t, you are not alone., most people often forget or do not plan for closing costs.…

Bank of Canada Update

October 31, 2019October 31, 2019 By mt-admin

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As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from me on the recent Bank of Canada announcement on changes to their Overnight Rate which in most cases impacts your Prime Rate. At…

A Credit Score, what is it?

October 23, 2019October 26, 2019 By mt-admin

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A Credit Score, what does it really mean? A credit score is a number, generally between 300 and 900, that helps determine your creditworthiness. Credit scores are calculated using information in your credit report, including your payment history; the amount of debt you have; and the length of your credit…

Mortgage Pay Down Tips

September 26, 2019September 26, 2019 By mt-admin

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Your Edmonton mortgage is one of the biggest and longest-running debts you will ever have to pay. These mortgage payments can consume a big chunk of your earnings. Paying down your Edmonton mortgage will not only lower your debt, but it will also reduce the amount of money you spend…

Condo Doc Review

September 16, 2019September 26, 2019 By mt-admin

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Condo Document Review When you purchasing a condo, you are buying into a business. You want a nice condo, but you also want to buy into a well run and financially healthy condo corporation. During your condo purchase, you will have an opportunity to review the condo documents. They outline…

Bank of Canada

September 4, 2019September 4, 2019 By mt-admin

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First-Time Home Buyer Incentive

August 13, 2019August 22, 2019 By mt-admin

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What We Do and Don’t Know Since it was proposed back in March, the First-time Home Buyer Incentive (FTHBI) is slowly taking shape. While it is being touted as a measure to address affordability by the federal government, the response has been mixed. On one hand, it has been criticized…

You need a Broker on Speed Dial

July 17, 2019July 17, 2019 By mt-admin

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With all the mortgage rules changes, stress test and tighter underwriting guidelines, now more than ever you need a mortgage broker on speed dial. Based on my 19 years experience, I am seeing clients get declined from one lender and approved with another. Working with many lenders, it helps to…

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