Deborah Lazareff
223 - 14th Street NW T2N 1Z6 Calgary, AB, Canada

Your mortgage payment is made up of two parts: an interest component (the amount charged for borrowing) and a principal portion (the original loan amount). The more you can pay to the principal amount, the faster you will pay down your mortgage. Ask us about payment strategies and great rates to help you grow your equity (the portion of your home you own).

Breaking up is hard to do ... At least that's what your lender may want you to believe. They may even tell you that you'll have to pay a hefty discharge fee, appraisal fee and legal fees to switch your mortgage to another financial institution. But don't be scared off from doing what's right for you and your family. Most lenders have renewal programs that cover the cost of the appraisal, legal fees and other costs to make you feel your business is valued. Although the process could be deemed a little cumbersome to go through the new government imposed stress test, it will all be worthwhile when you are saving thousands of dollars over the term of your mortgage. Reach out to your mortgage broker today with any questions you may have. Remember its important to ask questions if you're unsure!

The brokerage I’m licensed through, Axiom Mortgage Solutions has been named a finalist in the 2021 Canadian Mortgage Awards for brokerage of the year! I have been with Axiom for 11 years and I’m grateful & proud to work with such an amazing group of brokers. Truly the BEST! #theAxiomAdvantage #MortgageAwardsCA

If you are coming to the end of your five year term, you avoided the stress test the last time and it now comes into play for you for the first time as a mortgage renewal "free agent". Before shopping your mortgage, have a mortgage professional assess your ability to service the mortgage under the stress test so you can shop with confidence!

Here's something to think about this weekend. While making an extra lump sum payment towards your principal can work in situations when you have money to spare, leveraging your home equity can be your solution to fund projects or needs when you don't. Especially for big-ticket items such as home renovations, a vacation home, debt consolidation, or your children's post-secondary education! So, if any of those are on your list, renewal time is the time to refinance in order to take advantage of the equity in your home. Speak to a mortgage professional and assess what options are available for you to unlock the equity in your home and leverage it to fund projects and financial goals!

Real estate markets across the country have seemingly been frozen due to concerns by both buyers and sellers over the full economic impact of the virus. https://pst.cr/gwDve

The moves are the latest in a series of measures by financial authorities, the government and the Bank of Canada to ensure global market turmoil doesn't result in a seizing up of the flow of credit to companies and households. https://pst.cr/ELSPE

An online petition on Change.org is urging the federal government to cancel rent and mortgage payments... https://pst.cr/Q3nKf

With these uncertain times, the Bank of Canada looks to make things easier... https://pst.cr/oxeqR

Variable rate customers will see rates drop by half a per cent for interest cost savings of roughly $500 per year for every $100,000 of mortgage. https://pst.cr/3gF2D