Edmonton Mortgage Blog
Your Edmonton Mortgage Broker: Natalie Wellings
Variable versus fixed!
May 19, 2022 | Posted by: Natalie Wellings
If you have recently gotten pre-approved to get a new mortgage, or received a renewal notice from your current mortgage lender, you are likely experiencing some sticker shock. Yes, rates are h ...
read moreInterest Rate Announcement: 0.50% increase to prime rate!
April 13, 2022 | Posted by: Natalie Wellings
The Bank of Canada announced a 0.50% increase to the prime rate, this morning. This is the first time the Bank of Canada has increased by more than 0.25% in over 20 years! The rate increase was not un ...
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Increase to prime lending rate
March 4, 2022 | Posted by: Natalie Wellings
On Wednesday, the Bank of Canada announced a 0.25% increase to the prime rate. This has resulted in the major banks adjusting their prime rates to 2.70% from 2.45% (where it has been since the pandemi ...
read moreFinal Interest Rate Announcement for 2021
December 9, 2021 | Posted by: Natalie Wellings
Yesterday, the Bank of Canada made its final rate decision of 2021. No change was expected and no change was made to the benchmark rate. For those with variable-rate mortgages, or home equity lines ...
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This December, we are standing up to cancer.
November 23, 2021 | Posted by: Natalie Wellings
Recently our parent company, Tango Financial, received a call to action from one of our industry peers. Robert Afan, Co-Founder & CEO of DLC Clear Trust Mortgage challenged Tango and our family of ...
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National Day of Truth and Reconciliation on September 30, 2021
September 29, 2021 | Posted by: Natalie Wellings
My office will be closed on Thursday, September 30th in observance of the National Day for Truth & Reconciliation. May we all take some time to pause and reflect on the impact of c ...
read moreLiberal Platform on Housing
September 23, 2021 | Posted by: Natalie Wellings
The Liberal Party proposed quite a few tweaks to the housing market in their election platform. Here is a great article explaining the proposed amendments, in detail. A lot of these proposed changes a ...
read moreChanges to the stress test June 1st 2021
May 28, 2021 | Posted by: Natalie Wellings
The real estate market has been incredibly busy this year with a hot real estate market and low interest rates which has prompted many to buy a new property or refinance their existing mortgage. Lende ...
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Down Payment Documentation Tip
May 14, 2021 | Posted by: Natalie Wellings
If you are planning on buying a home and you’re reading this, please do yourself a favour and leave your down payment money in one account for at least 90 days! The more you transfer it around, ...
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If you need a mortgage, you need a finance condition on your offer...
May 11, 2021 | Posted by: Natalie Wellings
My motto has always been “if you need a mortgage then you need a finance condition on your offer”. Going unconditional when you absolutely need financing is scary. A pre-approval holds a r ...
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