The Mortgage Centre
534 - 18 Street S T1J 3E7 Lethbridge, AB, Canada

1. What’s the best rate I can get? Your credit score plays a big part in the interest rate for which you will qualify, as the riskier you appear as a borrower, the higher your rate will be. Rate is definitely not the most important aspect of a mortgage, however, as many rock-bottom rates often come from no frills mortgage products. In other words, even if you qualify for the lowest rate, you often have to give up other things such as prepayments and porting privileges when op...Continue reading

EXAMINING REVENUE PROPERTY OPTIONS Given the current national credit-crunched lending environment and the slowing real estate market which has shifted to a buyers’ market coupled with lower interest rates, now is an ideal time to invest in the purchase of revenue property. After all, although the real estate market slowdown has seen prices drop and interest rates dip, rental income has not wavered making now an optimal time to start building your revenue property portf...Continue reading

- Have you considered refinancing to pay off debt? - By talking to mortgage professional, you may find that taking equity out of your home to pay off high-interest debt associated with credit card balances can put more money in your bank account each month. And since interest rates are at a 40-year low, switching to a lower rate may save you a lot of money possibly thousands of dollars per year.... There are penalties for paying your mortgage loan out prior to renewal, but these could be offset by the extra money you could acquire through a refinance. With access to more money, you will be better able to manage your debt. Refinancing your first mortgage and taking some existing equity out could also enable you to make investments, go on vacation, do some renovations or even invest in your children’s education. Keep in mind, however, that by refinancing you may extend the time it will take to pay off your mortgage. That said, there are many ways to pay down your mortgage sooner to save you thousands of dollars. Most mortgage products, for instance, include prepayment privileges that enable you to pay up to 20% of the principal (the true value of your mortgage minus the interest payments) per calendar year. This will also help reduce your amortization period (the length of your mortgage), which, in turn, saves you money. If homeowners fail to take the time to thoroughly research their options through a mortgage professional and, instead, simply sign renewal offers received from their bank, credit union or other lender, they could end up paying thousands of dollars more per year in interest. Simply by shopping your mortgage with a qualified mortgage professional, you can access the banks as well as other lenders that you may not have considered, but which can often offer interest rate specials or other attractive terms. In the current credit-crunched lending environment, now more than ever it’s important to take the time to contact a Mortgage Centre Canada mortgage professional to find out your options. By refinancing now and paying off your debt, you can put yourself and your family in a better financial position. It’s very important to not rack up your credit cards after refinancing, however, so set your goals and budgets, and stick to them! #themoreyouknowthemoreyougrow #mortgagegurus #refinancing #equity

To all the incredible mom's out there, HAPPY MOTHER'S DAY! Your patience, love, kindness and sacrifices through all the years have built our hearts and our world into what they are today and what they will be tomorrow. We couldn't do any of it without you. Thank you for all you are, for all you do and for every moment we ever see. #mothersday2021 #sharelove #happymothersday #thanksmom

Hot tip! Tomorrow...! Sunday, May 9th is Mother's Day. Just in case you missed the memo this year we are here with a friendly reminder that the one who brought you into this world has a special day just for them and that day is tomorrow. Be sure to share and send your love, your time and your energy with mom this Sunday the best you can. We're sure she'll appreciate every drop of love you can squeeze out. #mothersday2021 #mothersdayreminder #wordsofwisdom #sharelove

Your Gardening To-Do List If you are looking to have a garden that is the envy of the neighborhood, May is a great time to get started on your gardening to-do list. I have put together some helpful tips and ideas for how to get started so your garden shines all summer long! Plant Annuals and Perennials: This is a great time to start planting annuals and perennials in your garden. Some good choices include: cosmos, marigold, nasturtium, sunflower, sweet alyssum, and zinnia.... For the best results, it is ideal to pick an overcast day for initial planting to avoid heat shock and be sure to keep all new plants well-watered until they have settled. Start Summer Veggie Seeds: If you're hoping to enjoy fresh veggies all summer, be sure to plant them now! Beans, corn, cucumbers and squash can all be sown directly in the soil (ideally when evening temperatures are around 10 degrees Celsius). Another great option is to plant tomatoes as they love the sun and are very hardy, but be sure to provide trellis support! Plant all veggies in a bed of compost (4 - 6 deep) to ensure a healthy start and remember to keep new sprouts moist to avoid heat damage. Spice it Up: Now that the frost has passed, it is also a great time to plant seasonal spices. Basil, dill, rosemary, marjoram, cilantro and fennel are great options for planting this time of year. They require a bright area with 6-8 hours of sunlight per day and well-drained soil to flourish. Even better? Plant them in a container in your windowsill or on your porch so you can easily access them if you need a snip of fresh herb! Lawn Mower Care: Lawn mowing season is just around the corner and now is the perfect time to tune up your lawn mower! Get your blades sharpened, change the oil, filter and update the spark plugs to keep you riding smooth all summer. Lawn Maintenance Routine: Establish a lawn maintenance routine that includes watering your grass and garden, as well as weeding unwanted and unruly foliage and applying fertilizer. A helpful tip is to water your plants in the late afternoon or early evening to cut down on evaporation. This also allows your garden several hours to take up the water into their systems, without battling the sun.

Looking to Upsize Your Home? According to RE/MAX, one of the biggest trends for Canadian homeowners in 2021 are move-up buyers looking to purchase a home that offers more space for them and their families. In fact, this is true for a whopping 29% of Canadians! Unsurprisingly, this demographic is made up mostly of younger Canadians (under 35) with growing families. If you are someone who fits this bill and is desperate for a home with more space because you’re feeling cramped ...Continue reading

- Looking Beyond Mortgage Rates - It’s easy to get caught up in the idea that comparing mortgage rates will guarantee you get the best bang for your mortgage buck. While this may be true for particular situations, there are many scenarios where this strategy is not effective. Following are three reasons why it doesn’t always pay to make a decision based solely on rates. - Reason #1 -... Your long-term plan and risk tolerance should determine which mortgage product is right for you. This product may or may not have the lowest rate. For instance, there are cases where lenders will offer lower rates for insured mortgages. With insured mortgages, however, you’re charged an insurance premium, which is usually added to the mortgage amount. But if you’re not planning on keeping the property for a long enough time to offset that cost, it may be better to take an uninsured mortgage with a slightly higher rate. The cost difference you will pay with the higher interest rate may still be less than what you may pay in insurance premiums. As another example, if you prefer to budget for a consistent payment and can’t handle rate fluctuations, it may be better to go with a higher fixed-rate mortgage. If you think current rates are low enough and you will be living in your property for at least five years, it may be wise to also opt for a mortgage with a longer term. - Reason #2 - One of the biggest mistakes people make when merely comparing mortgage rates is failing to consider important factors such as prepayment options to help pay off the mortgage faster, whether secondary financing options are allowed, early payout penalties, or what fees are involved. It’s not enough to simply compare mortgage rates because you have to know what clauses are contained within the mortgage deal. There may be cases where you will find a lender with the lowest rate and willing to pay for your closing costs, or even provide you with cash-backs after closing. - Reason #3 - Lenders can change their rates at any time. As such, if you’re shopping for rates with one lender and then approach another that gives you a lower rate, it’s quite possible that the first lender has also dropped its rates. This is why it’s important to get pre-approved with a lender once you a mortgage that fits your needs. In some cases, you can secure your rate and conditions for up to 120 days. These are just three reasons why it’s not enough to merely compare mortgage rates. The mortgage rate you may qualify for is also highly dependent on your credit score among other things. In order to get the best mortgage deals, you need to have solid credit. #mortgagesense #gettherefaster #mortgagerates #wordsofwisdom

The Benefit of Rate Holds The term rate hold may be something you are familiar with if you have worked with me in the past. If not, it is a term that all prospective buyers should know! A rate hold is offered by the majority of lenders to clients who are purchasing a new home and need a mortgage. The purpose of the rate hold is to secure the interest rate on your mortgage application for a certain time period. Often, these holds range from 90-120 days. Bear in mind, these a...re typically not provided for anyone refinancing their mortgage or looking to transfer it from one lender to another. Only those looking to purchase a home or establish a brand-new mortgage. Once you have created an application with us, we can submit it to an available lender who is offering a rate hold on an interest rate you want to take advantage of all without a property attached. For an example of how a rate hold works, consider this. On day one you submit your application to a lender for a fixed interest rate of 2.64% for five-years. On day 60, that interest rate moves to 3.12%. As long as your mortgage closes in the next 60 days, you are protected and can keep your lower rate of 2.64%. Plus, if rates happen to trend downward, you can also take advantage of the lower interest rate. This rate hold does not commit you to working with that particular lending institution, nor does it commit you to working with me. It also does not hurt your chances of receiving an approval down the road! All it does is protect the agreed upon interest rate for you while you shop the market, so you don’t have to worry about it increasing while you are hunting for your perfect home! Once the 120 days expires, if you have not found that perfect home fit or want to take advantage of different interest rates, there is nothing stopping you from submitting another rate hold! It will just be subject to the current rates on the day of submission. If you are looking to purchase a new or secondary home this summer, please don’t hesitate to reach out to us to get started on the pre-approval process and put your rate hold in place!

Happiness starts today. #wordsofwisdom #mortgagegurus

Using Home Equity to Your Advantage Canadians purchase homes for a variety of reasons. Some want the stability of owning their own home, while others also look at home ownership as an investment vehicle. No matter what the reason, the truth is that home ownership has proven itself to be a good stable investment over time, and one which many Canadians are profiting from. While many people have chosen to purchase their first home during these times of lower interest rates, ther...e has also been a large movement to refinance home loans and pull out equity for home improvements, investments, college expenses, and even high interest debt consolidation. Canadians have been borrowing against their home’s equity in record numbers, taking out billions of dollars in cash each year. In years past, many saw their homes as a shelter of safety, yet today, they are more than ever before willing to borrow against the equity owned in their homes to further their investment portfolios, get out of debt, send their children to university, make improvements to their home, or even boost their RRSP contributions. Where home equity was once sat upon, today it is something to be tapped out and used to one’s advantage. While tapping the equity in your home can be a good idea, you should do so with caution and understand any of the possible consequences. The best thing you can do is consult a licensed mortgage professional and financial planner to discuss opportunities to make your home’s equity work for you. #equitygoals #mortgagegurus #gettherefaster #mortgageadvice #makemoves

- Getting a Mortgage Pre-Approval - If you are looking for a new home, be sure you are pre-approved. With a mortgage pre-approval, a licensed mortgage professional can do a more complete verification prior to sending you shopping for a home, and with that done, the dollar figure you are going shopping with is actually what you can spend. The mortgage professional that you work with to get pre-approved will let you know for certain what you can afford based on lender and insur...er criteria, and what your payments on a specific mortgage will be. Licensed mortgage professionals can lock-in an interest rate for you for anywhere from 60 120 days while you shop for your perfect home. By locking in an interest rate, you are guaranteed to get a mortgage for at least that rate or better. If interest rates drop, your locked-in rate will drop as well. However, if the interest rates go up, your locked-in interest rate will not, ensuring you get the best rate throughout the mortgage pre-approval process. In order to get pre-approved for a mortgage, a mortgage professional requires a short list of information that will allow them to determine your buying power. A mortgage professional will explain to you the benefits of shorter or longer mortgage terms, the latest programs available, which mortgage products they believe will most likely meet your needs the best, plus they will review all of the other costs involved with purchasing a home. Getting pre-approved for a mortgage is something every potential home buyer should do before going shopping for a new home. A pre-approval will give you the confidence of knowing that financing is available, and it can put you in a very positive negotiation position against other home buyers who aren’t pre-approved. #preapproval #mortgagegurus #themoreyouknowthemoreyougrow #gettherefaster

The Bank of Canada today held its target for the overnight rate at the effective lower bound of percent, with the Bank Rate at percent and the deposit rate at percent.

Thank you for the lovely review Logan! If you are buying a home and need professional guidance contact us today. Our brokers have decades of experience, a massive and trusted lending pool and a many useful tools to help you build your best possible mortgage and save you money. Contact the Mortgage Centre - Mortgage Worx Inc. today and wake up to a brighter tomorrow.... #mortgage #newhomenewyear #newfamily #home #homebuying

New Year Home Maintenance Plan Keep your home in comfy, cozy and working order all year long with this easy maintenance schedule highlighting important areas to check - and when! ... January: Safety check! Start your year off on the right foot by ensuring your home is in proper working order. Test your smoke and carbon monoxide detectors and replace batteries as necessary. February: The colder months are a great time to tackle indoor maintenance. Take the time to inspect your shower, tub and toilet for any leaks and recalk as needed to save you on costly repairs later in the year. March: Inspect your windows and doors for cracks as any gaps will cause heat (and air conditioning!) to escape from your home. Add weather stripping as needed to ensure they are sealed. April: As we get closer to spring, this is a great time to focus on the exterior of your home. A power-wash and deep clean of your siding and windows will help your home look its best. May: With summer just around the corner, this is a good time to check your A/C unit and ensure it is up to the challenge. Contact a professional HVAC company to service your unit and ensure it is up to optimal efficiency and output. June: As we move outside in the warmer months, this is the perfect opportunity to spruce up your deck and outdoor space. Pressure washing and resealing your deck will help keep it functional and gorgeous, all year long! July: Insects run wild in the warmer weather. To prevent damage, it is a good idea to consider a pest control plan especially if you live in a highly active area. August: As the end of the summer approaches and we get closer to the rainy season, you will want to ensure your roof is in good working order. Check the areas around your eaves and gutters for any water damage and ensure there are no leaks or loose shingles that could cause issues down the road. September: To create that warm and cozy fall atmosphere, you will want to ensure your fireplace is doing its job. This is the perfect time for a thorough inspection of your fireplace - whether wood or gas - to ensure everything is working well. October: With the gorgeous colors of fall in full swing, October is a great month to touch up the exterior of your home's paint and boost your curb appeal. While you're at it, make sure to check your foundations for any damage that could worsen in the colder months. November: As the leaves start to fall, it could spell a mess for your home. In November, focus on leaf and gutter cleanup. Regularly rake your yard to keep your grass green and collect any debris that may have collected in your gutters or your roof from high winds. December: You made it! Another year of home maintenance is almost done as we move into December. Get yourself snow ready by prepping your pipes and considering added insulation to keep them from freezing. #homemaintenance #homeownership See more

If you're ever in need of the finite details on mortgages and housing in Canada go check out: https://www.cmhc-schl.gc.ca/ Here you'll find all the vital information on everything from buying, to renting, to renovations, to indigenous support programs and more. This is a great resource for understanding the mortgage and housing worlds. We highly recommend keeping this resource handy if you're a home owner. Bookmark it and use it as a vast and effective resource for understand...ing your home and mortgage. Wishing you a prosperous and successful 2021! The more you know...!

From all of us here at The Mortgage Centre - Mortgage Worx Inc. Happy holidays and best wishes for the coming new year!

Here's some helpful information to prepare yourself financially for 2021 from the Globe and Mail! https://www.theglobeandmail.com//article-need-to-know-stu/

Happy New Years eve from Ryan and the Wolfe family. May your 2021 be filled with happiness, success and love for all those you hold dear. Wishing you and yours many cheers and the very best wishes from all of us here at The Mortgage Centre - Mortgage Worx Inc. See you in 2021! ... Lethbridge Mortgage Centre Ryan Wolfe

Times may be tough but at The Mortgage Centre - Mortgage Worx Inc. we have a plans and products to help. Have you ever heard of a Reverse Mortgage? It allows you to use the equity you've built over time as a cushion when you need it most. If you need relief and you own your home we can help. Contact us today and wake up to a brighter tomorrow.... T: 403-380-2211 W: www.lethbridge-mortgage.net

Are you a first time home buyer? Looking for your best mortgage options? Check out our INCENTIVE PROGRAM for first time buyers. For more information on why it's better to choose a mortgage broker rather than the banks check out this great video on our national site at the following link. https://www.mortgagecentre.com/why-mortgage-centre... We would like to wish you and yours safe travels, good tidings and a festival holiday as we round out this challenging year. From our business to you and yours, Happy Holidays.

From all of our family here at The Mortgage Centre - Mortgage Worx Inc. Happy holidays! We send all of our best wishes to you and yours for a healthy and prosperous 2021! Beautiful photo, Erias family! Loving the green Volkswagon! #familygoals

Our top priority is YOU and your goals of finding your #DreamHome We promise to provide you great service while remaining unbiased and loyal because we work for you, not the lenders! Click the link to get in contact with our #mortgageprofessionals! bit.ly/MortgageCentreContact #Mortgagerates #MortgageBrokers #Lethbridge #YQL #TheMortgageCentre

We know you have many things to worry about in your busy life. Here is a #tip to help you pay off your #mortgage sooner! Click the link to learn more from our #blog! https://bit.ly/MortgageCentreBlog #MortgageBroker #MortgageAdvice #Refinance

#WouldYouRather rent a small apartment for 1000 dollars a month or buy a brand new home with #mortgage payments of 900 dollars a month? We could help you find home that won't break your bank and is more unique to you. Contact the Mortgage Centre for a free quote! http://bit.ly/MortgageCentreContact #mortgagebrokers #mortgagerates #mortgageadvice #Lethbridge #YQL

When your looking for your dream home, let us give you #MortgageAdvice that is unbiased and is perfect for your financial situation. We work for you, not the lenders! Visit our website to get in touch with a Mortgage Centre agent! http://bit.ly/MortgageCentreContact #Mortgage #MortgageBroker #Lethbridge #YQL #TheMortgageCentre

The emotional and mental impact of owing money is a huge factor when comes to people's individual stresses. Check out our #blog to learn more about four methods to pay off your #mortgage early http://bit.ly/MortgageCentreBlog #mortgagebrokers #mortgagerates #Lethbridge