Edmonton Mortgage Blog
Your Edmonton Mortgage Broker: Natalie Wellings
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 ...
read moreHoliday 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. ...
read more
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 ...
read more
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. ...
read more
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 ...
read more
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 ...
read more
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 ...
read moreMortgage 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 ...
read moreCOVID-19 & Mortgage Payments
March 18, 2020 | Posted by: Natalie Wellings
If your mortgage is insured (this means you put less than 20% down) please be assured that the insurers (CMHC, Genworth & Canada Guaranty) are working with mortgage lenders to provide payment reli ...
read moreCOVID-19 Update
March 16, 2020 | Posted by: Natalie Wellings
There will be NO disruption to my business as a result of COVID-19. I can complete your mortgage transaction by email and phone so no need for an in-person meeting. My lending partners have underwrite ...
read more