Bradyn Anderson
506 Queen St. S7K0M5 Saskatoon, SK, Canada

Bradyn Anderson has been incredible to work with! We just finished refinancing our mortgage and he was quick, explained every step of the process well and was s...o easy to work with. We will definitely pass his name along to all our family and friends looking for any type of mortgage guidance! Thanks again Bradyn! See more

Is a goal of yours to buy your first rental property? The down payment requirement for rental properties is 20% of the purchase price. As you are putting 20% for your down payment, you now have the option to choose a 25 or 30 year amortization.... What’s the difference? If you take a 25 year amortization, your payments will be higher and you would pay your mortgage off faster. If you take a 30 year amortization, your mortgage payments will be lower therefore, you would have greater cash flow. If you’re looking for a long term strategy of acquiring more rental properties, the lower your mortgage payment, your debt coverage ratios increase allowing you the opportunity to purchase more properties. Have any questions about buying a rental property? Let me know!

Anyone else feel lost when it comes to mortgage renewals??? Refinancing?? Home equity line of credit??? What does it all mean??? Is one better than the other?? ...Do I qualify?? How do I apply??? Especially now with everything being so quick and easy I could just renew through my bank app by clicking a few buttons... hmmm I got to thinking and thought why not just talk to a mortgage broker. I’m so happy I did! Luck had it that when I called TMG I got transferred to Bradyn Anderson - TMG The Mortgage Group. He talked us through all of it, took time to explain all the differences, the pros and cons of each and that now HE would go find the best rates for us. He made the whole process easy and to be honest any questions I had (or still have ) he’s a quick text or phone call away! And today a few days before our renewal he text to say that he got our rates even LOWER Just saying it’s nice when you have someone working that hard FOR YOU and to get YOU the best rates. Thank you Bradyn I truly appreciate all the hard work you put into this for us! See more

Some days it’s easy to get caught up in the chaos of the mortgage industry, and momentarily be so consumed with trying to do everything possible to obtain an approval for your clients that you forget the huge difference that you’re making in their lives. Sometimes it’s nice to take a step back and appreciate the wins and all of the great people that I’m fortunate enough to meet each day. Everybody’s story is unique, and finding a solution that fits their needs is what keeps my fire burning. Thank you to my clients and referral sources who continue to place their trust in me.

Are interest rates on the rise? For those interested in what is happening in the bond market, the screenshot below breaks down the recent activity in the equity markets. Investors appear to be moving away from the security of cash/government bonds to investing in equities. This is a good sign for your mutual funds and the economy, but the million dollar question is what this is going to mean for interest rates? Here’s a snapshot of Canada’s 5-Year Bond Yield as of February 1st. Based on this - rates should be going up, so if you’re on the fence about purchasing, refinancing or renewing your mortgage, now may be the time as we could see a shift in the coming days.

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Want to know one of the biggest factors that can affect a mortgage? Vehicle payments People love to throw money at vehicles, but don't truly understand how their payment can affect qualifying for a mortgage.... Roughly every $450/month in a vehicle payment can reduce your purchase price by $100,000 Although your vehicle payment may seem affordable to you, we have to debt-service your monthly vehicle payment in order to qualify you for a mortgage. If your payment is too high, it can either significantly reduce your purchase price or worse, you won't be able to qualify at all. If you have questions regarding your debt or vehicle payments, send me a message and I'd be happy to help! See more

Wishing you all a happy and healthy 2021!

Hello, from Saskatoon! Known as the Paris of the Prairies, City of Bridges, Toon Town and many more. Saskatoon is Saskatchewan’s most populous city and boasts a... spot in New York Times’ 52 Places to Go in 2018. Although the holidays will be different this year, one thing that hasn’t changed is the importance of supporting our local communities. Here are a few ideas to get you started. 1. Beautiful shot of Saskatoon’s riverbank by IG | ewani.photography. 2. Gear up for some outdoor fun at Escape Sports. 3. At Leyda's Restaurant every ingredient matters. Whole food, gluten and nut free. 4. Living Sky Café has the coffee and food fix you’ve been looking for. 5. Discover 6,000 years of Indigenous history at Wanuskewin Heritage Park. 6. Stop by Black Fox Farm & Distillery for local gifts and award-winning gin. 7. See modern and contemporary art in real life at Remai Modern and don’t forget to grab a bite to eat at Shift Restaurant before you leave. 8. Celebrate local craft beer at one of Saskatoon’s many breweries. Shown here is 9 Mile Legacy Brewing. 9. Give your home those special pieces from Garden Architecture & Design - GA Interiors. 10. Saskatoon’s newest micro-distillery, Stumbletown, has curbside pickup. What are your favourite local shops or businesses in Saskatoon? Give them a shoutout in the comments below. Tourism Saskatoon #ExploreSask

Seller’s market, buyer’s market, and balanced market are terms that are typically used to describe the real estate marketplace. Understanding each will help you to better appreciate what is happening in the real estate market and how you might approach the market if you are looking to buy, sell, or rent. Each market is determined based on the ratio of potential buyers to properties for sale and may differ from the region, city, or even neighbourhood. A seller’s market hap...pens when the property inventory (number of homes for sale) represents a shortage of homes available for purchase relative to the number of buyers looking to make a purchase. This can be beneficial for sellers by creating more competition amongst buyers and has the potential to drive prices up due to increased demand and in some instances attract multiple offers for their consideration. It is important to note that listing in a sellers market does not guarantee a quick sale. On the flip side, a buyer’s market is created when there are more homes available for purchase than there is demand from buyers interested in buying them. Buyers in a buyer’s market may benefit from more choice, price reductions, and a greater opportunity to leverage negotiations in their favour. See more

Under this non-refundable tax credit, Saskatchewan homeowners may save up to $2,100 in provincial income tax by claiming a 10.5 per cent tax credit on up to $20,000 of eligible home renovation expenses. Eligible expenses include the cost of labour and professional services, building materials, fixtures, equipment rentals and permits. https://www.saskatchewan.ca//new-tax-credit-makes-home-ren

Cracked top 5 in Canada for the second consecutive month! Thank you to everyone for their continued support, there’s nothing quite like waking up every day doing what you love.

CLOSING COSTS . . Closing costs are common expenses in addition to your down payment that you may incur at the end of your home purchasing transaction. .... . Are these costs factored into my mortgage approval? Yes. Typically, a lender will need to see that you have an amount equal to 1.5% of the purchase price of your home in savings in addition to your down payment in order to issue a full approval. . . What are some examples? Closings costs could include expenses such as: legal costs, title insurance, property insurance, home inspection, property taxes, estoppel certificate, moving expenses etc. . . It is good to keep in mind that the dollar amount for closings costs will vary, they could be more or less than the 1.5% depending factors such as property type, location, time of year etc. It’s important to do your due diligence and find the best services to facilitate with closing. Your realtor or mortgage broker can always help with recommendations for these services as well! See more

Lest we forget https://youtu.be/QrkgV5bl7kQ

Visit www.andersonmortgages.ca to get the mortgage process started today!

Mortgages can be either insured or uninsured, and the difference matters. Insured mortgages are also called high-ratio, and refers to the ratio between the mortgage amount (the loan) and the total purchase price (the value), also known as the loan-to-value ratio (LTV). An insured mortgage is one with a down payment of less than 20% of the purchase price. The opposite of an insured mortgage is an uninsured mortgage (also called a conventional mortgage), whi...ch has a down payment of more than 20% of the purchase price. By increasing your down payment, the ‘loan’ portion of the ratio will decrease, thus decreasing your loan-to-value ratio. The most important part to understand of having an insured mortgage is that you’ll need to pay for mortgage default insurance. This is a federal requirement to ensure that higher-risk mortgages are properly insured. While the mortgage default insurance is taken out by your lender, you’re required to pay the premiums by having them added to your overall mortgage amount. The rate of the insurance premium depends on your loan-to-value ratio, with higher ratios having a higher premium. So if you put 5% down compared to 10% or 15%, your insurance premium will be different. Mortgage default insurance premiums typically range from 2.8% - 4% of the mortgage amount. See more

Hey #yxe, wondering about what the different levels of government are responsible for when it comes to services and programs? This makes it all clear https://bit.ly/31gXgox. #yxevotes #civicelection2020 #shareyourvoice

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