Mortgages By Danielle, Mortgage Sisters West
201, 6650 177 Street T5T 4J5 Edmonton, AB, Canada

In case you missed it, the Bank of Canada announced that there would be no changes to the overnigh rate. This comes as no surprise since the last meeting they had mentioned it would be a few years till we would see any changes.

With the December 8th Alberta government announcements, certain business are facing mandatory closures starting December 13th, 2020. Our brokerage remains open to serve you in a safe and secure manner. We understand that this will be a difficult situation for many, on top of an already difficult year. Please see follow the links for more information on what government programs exist to provide financial aid.... If you need to defer you mortgage, please contact your lender immediately. Explain your situation in detail and they will advise on options.

mortgagesisterswest Friday feel good story! Do you have a new business and it is already profitable? If your new business is cashflow positive and you have 20% or more towards your downpayment this may interest you! We recently financed a home for our first time homebuyer, who's business was opened in 2020. Financing a mortgage using traditional bank requires a min of 2 years business income. We structured the mortgage with a lender that uses a common sense approach and the result is that our client was able to buy their home at the monthly amount they can easily afford and stop paying rent. Its a happy beginning, and it was awesome to be part of their journey to homeownership.

When looking at purchasing a home, these ratio's determine how much you would qualify for.

I hope everyone has time today to remember why Nov. 11th is such an important day!