Edmonton Mortgage Blog

Your Edmonton Mortgage Broker
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]

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]

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