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First Time Home buyer Mistakes to Avoid

First Time Home buyer Mistakes to Avoid

Buying your first home is an exciting and scary process. It is easy to get swept up in the chaos of home shopping, but it also makes it easy to make mistakes. If you are purchasing a home for the first time or it has been more than a decade since you last bought one,...

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How Do You Know If You Should Refinance a Mortgage?

How Do You Know If You Should Refinance a Mortgage?

Refinancing your mortgage means setting up a new mortgage once you have paid of your existing one. You can do this with your same lender or a different lender. There are just as many factors to consider when refinancing a mortgage as there is to get a mortgage. People...

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PRE-APPROVAL

PRE-APPROVAL

A pre-approval should be your first step before you start looking at homes.  The process is quick, painless, and the advantages are huge. First and foremost, a pre-approval will have you looking in the right price range. There is nothing worse than finding your dream...

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DOWNPAYMENT

DOWNPAYMENT

The minimum down payment on a residential mortgage is 5%. This down payment can come from accumulated savings, RRSPs, mutual funds, stocks, bonds, Tax Free Savings Accounts, gifted money from an immediate relative, or some combination of the above. If you have money...

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BUSINESS FOR SELF CLIENTS

BUSINESS FOR SELF CLIENTS

Have you been turned down by your bank because you own your own business?  Did they tell you that you do not make enough income on paper? We have solutions! We offer a number of products that allow us to either state your income (within reason), allow add backs, allow...

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WHAT HAPPENS AFTER YOU MAKE AN OFFER ON A HOME?

WHAT HAPPENS AFTER YOU MAKE AN OFFER ON A HOME?

From start to finish, here are 10 simple steps to follow in order to buy your home through us: Well, first you should call us right away! 780-436-0390 Have your real estate agent send us a copy of the offer to purchase and feature sheet, or let us know who you are...

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NEW QUALIFYING RULES

NEW QUALIFYING RULES

As of October 17, 2016, all new mortgages that are high ratio (less than 20% down) will have to qualify using a stress test rate. That rate is called a bench mark rate (currently today it is 4.64%). Clients will still receive the lowest discounted rate however they...

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BORROW YOUR DOWN PAYMENT

BORROW YOUR DOWN PAYMENT

Did you know that if you have great credit, income and if borrowing your 5% fits in line with your debt servicing ratios, you can borrow your down payment?This is great for clients who are renting and the landlord just advised them they are selling the house. Since...

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WILLS

WILLS

Here is a list of the top reasons of why you should have a will: Don’t let the government be in charge of your money and assets. Pick an executor and make sure you tell family where your will is. Make your wishes' known. How are you dividing your assets? Is there...

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TIPS FOR FIRST TIME HOME BUYERS

TIPS FOR FIRST TIME HOME BUYERS

Buying your first home can be a challenge, especially if you’re not prepared for all the financial obligations and steps leading up to making an offer. It can be a confusing journey, so here are a few tips for first home buyers, to make this process as painless as...

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