Edmonton Mortgage Blog

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Bank of Canada Rate Increase

Bank of Canada Rate Increase

October 24, 2018 | Posted by: Natalie Wellings

By now you have likely heard that the Bank of Canada has increased the prime rate. This is the 5th increase since last summer. The prime rate has increased from 3.70% to 3.95%. When the prime rate inc ... [read more]

What is your relationship with debt?

What is your relationship with debt?

September 6, 2018 | Posted by: Natalie Wellings

Debt does not have to define you! I heard this on the radio last week and have been meaning to post it. The burden of debt. It is a real problem and I see the emotional effects of it when I am speakin ... [read more]

How are Mortgage Broker's paid?

How are Mortgage Broker's paid?

August 22, 2018 | Posted by: Natalie Wellings

There is sometimes confusion on how a Mortgage Broker gets paid; I get a lot of questions from clients about that. We are 100% commission people and are compensated by the mortgage lender (not the bor ... [read more]

CMHC to make financing easier for self employed Canadians...

CMHC to make financing easier for self employed Canadians...

July 19, 2018 | Posted by: Natalie Wellings

CMHC has announced that they will be making it 'easier' for self employed borrowers to obtain a mortgage. I have not received any concrete information on what this means as of yet. If you have gotten ... [read more]

Variable rate mortgages are going up!

Variable rate mortgages are going up!

July 11, 2018 | Posted by: Natalie Wellings

... [read more]

Bank of Canada Rate Anouncement

Bank of Canada Rate Anouncement

March 7, 2018 | Posted by: Natalie Wellings

In an announcement made earlier today, the Bank of Canada left their prime lending rate unchanged. Canadian financial institutions have left their prime lending rate unchanged as a result of the ann ... [read more]

How to use your RRSP to pay your mortgage

How to use your RRSP to pay your mortgage

March 2, 2018 | Posted by: Natalie Wellings

Did you know that you could give yourself a mortgage loan from your RSP's? This strategy is very interesting, especially if you currently invest into GIC's at very low rates of return within your RSP ... [read more]

Mortgage changes are coming- are you ready?

Mortgage changes are coming- are you ready?

December 8, 2017 | Posted by: Natalie Wellings

On January 1st all conventional mortgages will be subject to a stress test. This affects all buyers who are putting 20%, or more, down and are getting an uninsured mortgage. If you are confused about ... [read more]

Buying a home in 9 easy steps...

Buying a home in 9 easy steps...

November 24, 2017 | Posted by: Natalie Wellings

Download a pdf version HERE... ... [read more]

Car loans that are too long...

Car loans that are too long...

November 17, 2017 | Posted by: Natalie Wellings

I am so glad to hear that Marketplace is doing a story on car dealerships pushing longer term loans for consumers. I have always thought that any car loan longer than 5 years is too long. If you canno ... [read more]

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Natalie Wellings
Natalie Wellings
Mortgage Broker
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