Jeremy Nagel-Mortgage Guru
1721 10 Avenue Southwest #100B T3C 0K1 Calgary, AB, Canada

Happy National Daughter's Day to these two!

That moment when you arrive home and say, shit! I parked the Lambo in the neighbours driveway. . . #notmycar #wishfulthinking #oneday #lambo #lamborghini #calgary #calgarylamborghini #worksmarternotharder

Lots of fun at the Big Rock: The Okotoks Erratic. . . #okotoks #bigrock #familytrip #familytime #kidsatplay @ Calgary, Alberta

It's official...Canada Guaranty says it will not be making any changes to their underwriting policy. It is business as usual.

Great news for Home Buyers and Home Sellers alike... Genworth Financial has announced they are not following CMHC's changes in underwriting policy. No word from Canada Guaranty as of yet, but I suspect they too will move forward business as usual...meaning no change to policy. All that said, I do suspect enhanced due diligence by both lenders and insurers as we move forward. For more on this, give my office a shout at 403.242.5547.

HOT OFF THE PRESS!! CMHC announcement: Effective July 1st, the following underwriting changes will be taking place. 1) Debt to income ratios will now be limited to 35%/42% (instead of the previously allowed 39%/44%.) This represents a drop in qualifying mortgage amount of roughly 10% from what is currently available.... 2) Minimum credit score will be increased from 600 (where it is currently at) to 680. 3) Elimination of borrowed down payment programs. If you are looking to purchase a new home or looking to refinance an existing home, give my office a call at 403.242.5547 to understand what this might mean for you and your family,

New lower mortgage qualifying rate effective Monday. This is great news for consumers who are looking to get into home ownership today. What does this mean for you? Give us a shout at 403.242.5547 to discuss.

Prime Rate is dropping to 2.45%!! This is great news for those in Adjustable rate products, those with Student loans, and anyone with secured or unsecured lines of credit. This has been a crazy March!! 1.50% drop... What will April bring? I'm hoping for Canadians to be back full-time employed!

BOOM! Bank of Canada cuts another .50% sending their overnight rate to near zero at .25%. My question...what does this mean for Prime Rate? With Canada's big banks pass this savings onto Consumers?

COVID-19... We are fielding many questions around mortgage payment assistance. These are tough times...we understanding. Have a read and give us a call with questions. Let us know how we can assist you 403.242.5547.

Bank of Canada just slashed another 50 basis points off its Overnight Rate...down from 1.25% on March 4 to 0.75% today!! What does this mean...call me at 403.242.5547!

TD Bank is the first to drop Prime lending rate. TD's Prime rate is now 3.45%, down 50 basis points from 3.95%. This is both a good news and bad news story as cheaper borrowing comes at the cost of a slowing economy. Pay down that debt while we enjoy lower cost of borrowing.

Mom and dad are being left in the dust by the kiddos. . #whathappened #takeiteasy #snakesandladders #boardgames

Mortgage qualifying rate is falling and New Home Buyers are the beneficiary. Finally some GREAT news!!

Gung Hay Fat Choy! . #chinesenewyear #2020 #celebration #celebrate #calgary #Alberta #edmonton #okotoks #airdrie

Out with the old and in with the new. Happy New Year! To a great year ahead!! . #happynewyear #2020 #newgoals #gratitude #newdecade #bringit #calgary #yyc #yearofthehomebuyer

Well, that came fast! With Christmas only days away I would like to wish all of 'you people' the best of the holiday season. Merry Christmas! . #merrychristmas #happyholidays #tistheseason #santa #nocoalthisyear #2019

Heard Jay Baer speak at the #mpcnational conference in Toronto and I love this quote. . . #quoteoftheday #lovethis #beremarkable

You are reaping the benefits of leverage with your current home right now, and nothing is stopping you from doing it again. Rental properties can be a fantastic addition to any investment portfolio and are the start to true investment diversification. Learn more by reading my new blog post: https://www.clearhome.ca/links/?b=JeremyNagel&l=3917

Don’t be afraid; renewal is the perfect time to roll up your sleeves or hire a contractor to get some work done. but Your mortgage can carry the cost of the renovations at the lowest possible interest rate! Learn more by reading my new blog post: https://www.clearhome.ca/links/?b=JeremyNagel&l=3917

Your getting closer to paying off your mortgage. With the utmost sincerity, way to go! Now, let’s get down to business, or should I say let’s get this mortgage down to zero! Learn more by reading my new blog post: https://www.clearhome.ca/links/?b=JeremyNagel&l=3917