Edmonton Mortgage Blog

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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]

New stress test for conventional mortgages

New stress test for conventional mortgages

October 17, 2017 | Posted by: Natalie Wellings

Current mortgage rules state that borrowers who put more than 20% down on a home DO NOT have to qualify for a mortgage with a stress test. The stress test ensures that borrowers qualify for the mortg ... [read more]

Why you should not panic about the Bank of Canada rate increase...

Why you should not panic about the Bank of Canada rate increase...

July 12, 2017 | Posted by: Natalie Wellings

This should come as no surprise since the media has been all over this story lately. Yes- the Bank of Canada increased their prime lending rate by 0.25%! It is important to keep some perspective on t ... [read more]

Value that's hard to beat!

Value that's hard to beat!

June 21, 2017 | Posted by: Natalie Wellings

“Strive not to be a success, but rather to be of value”- Albert Einstein Mortgage Brokering is extremely competitive. Not only are we competing with our fellow Mortgage Brokers but we are ... [read more]

No change to key interest rate- Bank of Canada

No change to key interest rate- Bank of Canada

April 19, 2017 | Posted by: Natalie Wellings

Once again, the Bank of Canada announced that it is maintaining its target for the overnight rate at ½ percent, despite stronger-than-expected global and domestic economies. While ... [read more]

Variable rate holders- no change to your mortgage rate!

Variable rate holders- no change to your mortgage rate!

April 12, 2017 | Posted by: Natalie Wellings

The Bank of Canada is keeping the target for the overnight rate at ½ percent. In a rather brief interest rate announcement, the Bank noted that, while there are 'significant uncertainties' that ... [read more]

Money Talk

Money Talk

April 5, 2017 | Posted by: Natalie Wellings

This time of the year there is lots of chatter going on out there about investing, since the deadline to contribute to RRSP’s for the 2016 tax year is March 1st. Naturally, all of this ... [read more]

HOW MUCH ARE YOUR GRANDCHILDREN COSTING YOU?

HOW MUCH ARE YOUR GRANDCHILDREN COSTING YOU?

March 29, 2017 | Posted by: Natalie Wellings

Although Millennials are waiting to have children until they're a little older (and more financially secure), a new study from TD Ameritrade reveals they're still receiving quite a bit of he ... [read more]

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Natalie Wellings
Natalie Wellings
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