Edmonton Mortgage Blog

Your Edmonton Mortgage Broker: Natalie Wellings

Down Payment Documentation Tip

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...

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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Mortgages without a credit score

Mortgages without a credit score

January 5, 2021 | Posted by: Natalie Wellings

This is a great reminder that, in order to obtain credit (a mortgage), you need to be able to show a lender that you can responsibly manage credit. Having no credit is similar to having bad credit. It ...

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Holiday hours and Merry Christmas!

Holiday hours and Merry Christmas!

December 23, 2020 | Posted by: Natalie Wellings

Merry Christmas and Happy New Year! My office will be closed from Dec 24th until the 29th. I will be in the office on the 29th and 30th and then returning to regular business on Monday, January 4th. ...

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Bank of Canada Interest rate announcement: December 9th 2020

Bank of Canada Interest rate announcement: December 9th 2020

December 9, 2020 | Posted by: Natalie Wellings

In today’s policy announcement, the Bank of Canada left their key interest rate unchanged at 0.25%. The prime rate used for variable-rate mortgages and home equity lines of credit is 2.45% and w ...

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Let's meet virtually!

Let's meet virtually!

December 4, 2020 | Posted by: Natalie Wellings

Worried about having to meet me in person to sign your mortgage documents? Don’t! Because of the pandemic, my lending partners have been allowing mortgage documents to be electronically signed. ...

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Is your credit affected when checked?

Is your credit affected when checked?

November 25, 2020 | Posted by: Natalie Wellings

The number one question I am asked is, “does applying for a mortgage or having my credit checked ruin my credit score”? The short answer is no! It is normal (and okay!) to have your credit ...

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Changes to CMHC insured mortgages starting July 1st 2020...

Changes to CMHC insured mortgages starting July 1st 2020...

June 5, 2020 | Posted by: Natalie Wellings

Over the last few months, I have found lenders and insurers scrutinizing files more than usual. CMHC has just released some new underwriting guidelines where they will restrict housing costs to 35% of ...

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Creative solutions to help homewowners...

Creative solutions to help homewowners...

April 30, 2020 | Posted by: Natalie Wellings

These are times of uncertainty and you might be stressed and hesitant to make a purchase or transfer your mortgage to a new lender right now.   I can help! One of my lending partners is offering ...

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Mortgage Qualifying Rate (Stress Test) Decrease

Mortgage Qualifying Rate (Stress Test) Decrease

March 20, 2020 | Posted by: Natalie Wellings

The Bank of Canada has reduced the mortgage qualifying rate (known as the Stress Test) to 5.04% from 5.19%...What does this mean? It will be a little easier to qualify for a mortgage. Please contact m ...

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