Mortgage Rates Archives - Edmonton Mortgage Brokers

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…

Bank of Canada Announcement

May 29, 2019May 29, 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…

Imagine being debt free?

May 9, 2019May 9, 2019 By mt-admin

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What would your life be like if you weren’t dragged down by minimum payments? You can’t reach your goal if you don’t get started, so get started with these tips for paying off all your debts. Before getting started, you need to first know exactly what you owe. Start with…

First Time Homebuyer?

April 11, 2019April 11, 2019 By mt-admin

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What you need to know! If you are ready to step into home ownership by buying your first home, the easiest way to have a smooth and stress-free home buying experience is to do the following: 1. Find A Good Mortgage Broker Ask for recommendations from friends and family. Check…

The New Federal Budget,

March 26, 2019March 26, 2019 By mt-admin

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What Does it Mean for You? The new Federal budget certainly grabbed the attention of many Canadians. Unfortunately, the announcement turned into a cliff-hanger, as we have to wait for the next episode to find out what is really going to be delivered. The budget contains two key components aimed…

Mortgage Tailors?

March 13, 2019March 13, 2019 By mt-admin

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Who is the broker behind Mortgage Tailors? Eva Neufeld began her career as a mortgage associate for Discount Mortgage Canada back in 2001. She quickly moved up the ladder to regional director and quickly realized it was time to move on and form her own company, that is where Mortgage…

Mortgage Refinancing Tips

February 27, 2019February 27, 2019 By mt-admin

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Want to pay of your mortgage sooner? You are not alone. Most Canadians dream of paying down their current mortgage but don’t know some tricks to get you there. Of Course, choosing to be mortgage-free sooner is easier said than done but MortgageTailors.com has some tips to get you there.…

Investment Real Estate

February 13, 2019February 23, 2019 By mt-admin

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Investment Real Estate, Is it Right for you? There are an abundance of properties for sale in the Edmonton market and many homeowners are aware of their current equity position. They are wondering if renting out their property makes sense for them. There are a number of factors to consider…

Fixed Vs Variable – Look at the Math!

January 31, 2019February 23, 2019 By mt-admin

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Fixed Vs Variable Mortgage Decision …. Look at the math! Every day I hear the question, which mortgage product should you choose, fixed or variable? What I am about to share with you will be wisdom that will work in any market conditions, and perhaps most importantly – it will…

The Impact Rising Interest Rates have on your Buying Power

January 22, 2019January 22, 2019 By mt-admin

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2018 was a year of rising interest rates and a tighter lending environment. This question often comes up – how much are buyers impacted if interest rates continue to climb up? Here is a recap of how your maximum mortgage amount is calculated: 1. GDS (Gross Debt Service Calculation: You…

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