Understanding Why Rent is So Expensive in Canada
If you’re a renter in Canada, you’re likely no stranger to the frustration of rising rent prices. But what drives these increases, and how can you navigate this challenging landscape? In this post, I will delve into the key factors contributing to the high and ever-increasing rent costs in Canada and explore why considering homeownership […]
Announcement: Alberta Land Transfer and Mortgage Registration Fees Increasing
As of October 20, 2024, buying a home in Alberta will become slightly more expensive due to increases in land transfer and mortgage registration fees. Here’s what you need to know about these changes and their implications for purchasers and borrowers. Current vs. New Fee Structure Previously, the fees for land transfers and mortgage registrations […]
25-Year vs. 30-Year Mortgage? Insight From a Mortgage Broker
25-Year vs. 30-Year Mortgage? Insight From a Mortgage Broker Insights from Edmonton Mortgage Broker Sandra Forscutt The summer months have brought exciting changes to the mortgage landscape. Back in July, the Bank of Canada reduced its policy rate. Recently, the government announced a new policy allowing 30-year mortgages for first-time homebuyers. As a professional […]
Buying vs Renting: Tips From a Mortgage Broker
Buying vs Renting Tips From a Mortgage Broker Deciding between buying vs renting a home is a big deal – trust me, I’ve seen it all as a mortgage broker. To help you out, I’ve put together a handy guide comparing renting and buying. Check it out! The Upsides of Buying The biggest perk of […]
Beyond Rates: The Value of a Mortgage Broker
Beyond Rates: The Value of a Mortgage Broker While securing funding for your home or investment property might seem daunting, it doesn’t need to be. Utilizing the services of a mortgage broker offers several advantages beyond just securing low-interest rates. Some of the benefits include access to a wide range of lenders, saving time by […]
Don’t Do That: 6 Things You Should Avoid When Qualifying for a Mortgage
Hey friends, diving into the mortgage game? It’s a bit of a rollercoaster, and believe it or not, the small stuff matters a lot. For example, did you know that splurging on a shiny new car could throw a wrench into your mortgage dreams? That’s right – I’ve seen it happen. Qualifying for a Mortgage? […]
Should You Consider Extending Your Amortization Period?
Welcome To Our Mortgage Educational Blog About: Should You Consider Extending Your Amortization Period? As a homeowner in Edmonton, you’ve likely been keeping a close eye on the housing market and, more importantly, the fluctuating interest rates. You may have heard that many Canadian homeowners are extending their mortgage amortization periods in response to rising […]
Down Payments In Canada – How Much Do You Really Need?
Welcome To Our Mortgage Educational Blog About: Down Payments In Canada – How Much Do You Really Need? Debunking Myths for First-Time Homebuyers The idea of purchasing a home is undoubtedly exciting, but the myths surrounding down payments can cast a shadow of doubt. There’s one question that often looms large in the minds of […]
Why Your Credit Score Matters In Mortgage Applications
Welcome To Our Mortgage Educational Blog About: Why Your Credit Score Matters In Mortgage Applications While your dream of owning a home in Canada is within reach, there’s a crucial piece of the puzzle you can’t afford to overlook – your credit score. Whether you’re a seasoned homebuyer or a first-timer, your credit score will […]
5 Mistakes To Avoid When Applying For Your First Mortgage
Welcome To Our Mortgage Educational Blog About: 5 Mistakes To Avoid When Applying For Your First Mortgage Are you a first-time homebuyer in Edmonton looking to secure your first mortgage? You’re not alone; every year, thousands of Canadians take the exciting step towards homeownership. While it’s a dream come true, it is also possible to […]