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...

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...

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...

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...

WHAT IS THE ADVANTAGE OF WORKING WITH A MORTGAGE BROKER?

We are asked this question a great deal and believe that there are a number of advantages to using a broker rather than dealing with a branch of your current financial institution. As a mortgage broker we deal exclusively with mortgage financing, working in this area...

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...