Jill Moellering Mortgages

Spring time buyers! It's time to get your pre-approvals done and lock in your rates for the next 4 months :)

You pick. I have a handful of great Realtors who can find it. And then I’ll get the money for it. . . #albertahomesales #albertarealestate #yegrealestate #stalbertrealestate #reddeerrealestate #calgaryrealestate #mortgages #mortgagebroker #dreamhome #quarantinehouse

Mortgage brokering can be a lonely business. Tucked away in our home offices, on the phone and computer all day long. It’s not quite the same as the days of water cooler talk and pot luck lunches in my past life. We join teams for the camaraderie and to support each other to excel. I am so very fortunate to have joined the right team from day 1. @taraborlemortgageteam has been an amazing place to hang my brokering hat. The love from this group is constant. And every now and ...then when you’ve had a bad day, it’s so nice to have an amazing team leader like Tara who knows all the right things to do/say to make it better thank you Tara for all you do for us! . . . #stalbertmortgages #stalbertrealestate #edmontonrealestate #mortgagebroker #albertarealestate #albertamortgagebroker #albertamortgages #itsthelittlethings #teamleader #mortgagearchitects See more

I am one seriously spoiled Mortgage Broker this week!!! We will be devouring this tonight for sure! Thank you so much Alex @ insurance Angels! And thank you for looking after my clients life and disability insurance needs. You are kind, compassionate and honest - everything an insurance broker should be. I’m so fortunate to have people like you in my team . . . #stalbert #stalbertrealestate #mortgagebroker #mortgages #edmontonrealestate #albertarealestate #albertainsurance #albertalifeinsurance

However you celebrate at this time of year, I hope it's wonderful! 2020 was a strange year, it was filled with so much angst and uncertainty in one sense and yet so much happiness on the other hand. I was so fortunate to have helped so many amazing people with their financing this year and made some tremendous connections with clients who have all become friends. The majority of my business this year was actually first time home buyers - which fills my heart with so much l...ove to know they trusted me with this journey to home ownership and being a part of such a big new chapter in their lives. I started to mentor some new mortgage brokers this year and I have been so fortunate to watch these brokers grow their own businesses and I can't wait to see what 2021 brings for them and the new faces that join the team in the new year. James and I had a low-key year, hunkered down for the most part which meant tons of time for snuggles with the cats and getting files approved. There might be a few extra covid pounds that snuck up on us though ;) Thank you all so much for supporting me, sharing my posts, liking my page, referring your friends/clients and being a part of my business. I can't wait to see all the good things 2021 has in store for us all :)

So very proud to congratulate my Uncle for this tremendous achievement!

Wow. What a year. This is what 1am Christmas card writing on a Saturday night looks like when you’ve helped Soo many families with their financing this year! I am so completely amazed, humbled and blessed to have had the privilege of working with so many amazing people this year. I can’t wait to do it all again in 2021! . . #mortgagebroker #firsttimehomebuyers #yegrealestate #albertarealestate #reddeerrealestate #stalbertrealestate #mortgagespecialist #mortgages #myhandissorefromwriting #hopeyoucanreadmywriting

What a week! (And it’s only Wednesday) It’s been an absolutely insane week of work over here putting together everything from 140k houses in Bonnyville to 1.6 million dollar houses in Edmonton. I had flowers delivered to my desk yesterday and now this beautiful hand written card today! I’m truly so blessed to have such amazing clients, colleagues and friends that make this the best job in the world! It makes all the late nights at my desk so worth it :) .... . . #reddeerrealestate #yegrealestate #albertarealestate #mortgagebroker #brokerlife See more

I’ll start! I had my best year yet for mortgage approvals. And it would not have been at all possible without the amazing support from my wonderful clients, family and friends! I’m so excited to know that all of those happy mortgage wins meant I also got to partake in your good 2020 moments too! . . .... #reddeerrealestate #albertarealestate #mortgagebroker #yegrealestate #yegre #stalbertre #stalbertrealestate #whitecourtrealestate #grandprarierealestate #calgaryrealestate #mortgagespecialist #mortgages #wasntallbad See more

No words required.

This week I am so unbelievably excited and proud of my client and her young daughter who are taking possession of their first home tomorrow. I won't say too much, for privacy sake. But in honor of her, I have made a donation to her employer - The Lurana Shelter Society which provides shelter, support and case management services to victims of domestic violence. If this is a cause you support and should you feel so inclined to help, here is the link. ... If you are a victim of domestic violence and don't know where to start, here is the link. https://luranashelter.com/

Home selling tips for the spooky season!! True story. I had one of these dolls at the old house when we sold. I gave it to my friends daughter before the move . . #yegrealestate #mortgagebroker #stalbertre #reddeerrealestate #albertarealestate #homestaging #creepydolls #happyhalloween

Alberta has, unsurprisingly, led the pack in the mortgage deferrals category this year. We have been hit with the triple whammy of a 4 year long recession, oil prices crashing and Covid. That said, it's not all bad news. The average Canadian consumer debt dropped for the first time in over a decade this year as Canadians opted to defer their mortgage payments and use that money on paying down their credit cards and lines of credit instead. Also, the sharp decline in hous...ehold spending as a result of lockdown helped reduce consumer debts as well. It is important to note, that if you have any loans in deferral - like mortgages or car payments - you will not qualify for a mortgage until the existing payment is reinstated and you can show proof of the payments being back in action. This is the same for any mortgages that are coming up for renewal, you will need to be back in repayment before any lenders will want to take the mortgage on which does restrict your ability to shop around for your renewal. If you have any payments in deferral and are thinking about doing something with your mortgage, or qualifying for a new purchase - give me a shout now so we can put a plan in place to ensure you have the flexibility you are looking for and no delays!

Big congrats to all my home buyers last month who took possession of their new homes. But also, congrats to all these homes who found new ppl to love them and build memories with them! And a big thanks to all the hardworking Realtors/matchmakers who make these days happen. @davidbauerrealestate @nicolebiever_realtor @paintershanna @thesoldsistas @listitwith_lexi @laura_sikorski_realestate @glennfisherteamremax @samirelandrealestate . .... . #yegre #yegrealestate #albertarealestate #alberta #reddeerrealestate #whitecourtrealestate #grandprairierealestate See more

In my latest blog post I tackle the big 'insolvency' topic. There are plenty of options to choose from if you are struggling financially to pay your debts - but the most important thing to remember is to make a decision and do something about it. https://www.jillmoelleringmortgages.com//consumer-proposal

There’s 4 different types of insurance you’ll hear about during a house purchase! It can certainly be confusing so here is the Coles notes version ;) . DEFAULT insurance is what you often hear called CMHC. It’s the premium you pay to buy a house with less than 20% down payment. . TITLE insurance is a product the lawyer can obtain for you which protects you from fraud against the title of your home.... . HOME OWNER insurance is the fire, flood, theft, damage etc policy that covers repairs or replacement of your home if something happens. . MORTGAGE insurance is a life and disability insurance product that covers you if you are seriously injured, sick or pass away which pays your mortgage. . Your broker should help talk you through which of these are optional, what they mean and how they are a part of the home buying process! I’m always here to answer questions! . . . #albertarealestate #yegrealestate #yegre #stalbertrealestate #mortgagebroker #reddeerrealestate #mortgageinsurace #transformers #butreallythough ? See more

I absolutely love receiving Thank You cards! This one made my heart so happy! Up on the wall of fame she goes :) . . . #albertarealestate #mortgagebroker #yegrealestate #yegre #stalbertrealestate #reddeerrealestate #newhomeowners #itwasmypleasure

Soooooo happy for these clients taking possession today!! Some journeys take longer than others. After the ups and downs of a roller coaster ride over the last 6 months and four houses, we finally got ‘The One’ Happy moving day Sabrina Lepine & Brad Lepine!

This is the kind of graffiti we need more of. Luv ur mums folks. Hope everyone had a wonderful and safe August Long weekend . . .... #reddeer #alberta #mortgagebroker #yegre #yegrealestate #albertarealestate See more

It always feels good to go home again. Even if it’s just for the weekend. I was born and raised in Sturgeon County, just 10 mins north of St Albert. I spent half my adult life going places where no one knew my name, but it’s always nice to come back to the places you will never be forgotten. I know country living, and I know how to finance it. If you’ve been thinking of a move to the country, let’s talk!... . . . #sturgeoncountyrealestate #sturgeoncounty #stalbertrealestate #yegre #yeg #reddeerrealestate #mortgagebroker #albertaacreages #albertarealestate See more

Congratulations to all my happy home buyers in the last little bit and in the next week! Two of these are a little late being posted but I realized I’ve been so busy doing mortgages I haven’t posted a house purchases pic for a while! Thanks to all the amazing Realtors who worked so hard to get these purchases together! @shantelreddeerrealtygroup @glennfisherteamremax @listitwith_lexi @garretcookrealestate @paintershanna Kris Lindberg, Pat Olchowy, Alex Weinberger @jerryaulen...bach @dawnheislerremax @jwilkinsrealtor . . #yegrealestate #stalbertre #reddeerrealestate #albertarealestate #mortgagebroker See more

A quick run down on what your options are at mortgage renewal time!

HAPPY CANADA DAY! No filters needed when your backyard maple is this beautiful on its own. Our Canada day is usually filled with BBQs, fireworks and lots of friends and family. This year will be a little different for everyone, but it’s still one of my favourite days. So very thankful to live in such a wonderful country with all you fine folks, even more now than ever before! . . . #yegrealestate #mortgagebroker #albertarealestate #reddeerrealestate #stalbertrealestate #stalbertre #yegre #canadaday

To all the dad’s! Single dad’s, fur dad’s, bonus dad’s, uncle dad’s, dad dad’s.. however you classify your dadness! We appreciate all that you do! . . . #yegrealestate #reddeerrealestate #albertarealestate #mortgagebroker #happyfathersday

One of the best parts of my job is seeing the pictures that clients share while they make memories at their new homes. This one really struck a chord with me today. The property was an amazing deal for this family and this shot of the kids watching the storm roll in over their picture perfect prairie backdrop... priceless. Congrats LeeAnn Dopson and family. Thanks for letting me share this pic! What a stunning photo!

Some changes are coming to the way we qualify buyers with less than 20% down payment. CMHC has announced stricter qualifying rules starting July 1st including increasing the minimum credit score required from 600 to 680 and reducing the maximum debt ratios from 44% to 42%. This means less purchase power and higher credit scores required to qualify. They will also be scrapping the 'flex down' down payment program where clients could borrow funds from a line of credit or pe...rsonal loan to use as down payment for their purchase. We have already seen a crackdown on approvals in the last few months with many more declines for applicants who, 6 months ago, would have been approved no problem so it is not unexpected to see these changes written down when we have already been feeling the tighter rules through higher scrutiny of applications. There are 2 other mortgage insurer companies who help clients with less than 20% down purchase a home, and it is yet to be determined if these other 2 companies are going to be following suit with these guidelines. If you have been thinking about buying and you are not sure if these guidelines are going to affect you, give me a call. It might be time to make a move sooner than later. https://www.cmhc-schl.gc.ca//cmhc-reviews-underwriting-cri

More great tips from our friendly neighborhood super lawyer.

New homes for Spring! So excited for my clients who took possession of homes in the last month or so here! Many thanks to the hard working Realtors helping these clients find their perfect properties! Heather Moellering Nel Anderson Jennifer Pollack... Robyn Karpinski . . #yegrealestate #stalbertrealestate #reddeerrealestate #mortgagebroker #firsttimehomebuyers #springbuyersmarket #spring

For every mamma out there! I hope you were spoiled today #happymothersday

I have the best clients! What a lovely surprise to have this little guy show up on my doorstep today This adorable Dino plant needs a name! Please comment with name suggestions :) . .... . #yeg #reddeer #blackfaldsalberta #yegrealestate #yegre #reddeerrealestate #mortgagebroker #plants #myclientsarebetterthanyours See more

I legitimately think about you ALL the time! I want to know how it’s going? How is the house? Did you change anything? Did you paint anything? Find any secret rooms? How are the neighbours? What’s your favourite part of the new place? Catch me up please!! . . .... #yegrealestate #yegre #stalbertrealestate #mortgagebroker #ilovemyclients #reddeerrealestate #albertarealestate #firsttimehomebuyers #imemotionallyinvested See more

How appropriate that we got our first rainstorm of the season on Earth Day :) can’t wait to see the first few blades of green grass. Anyone who can’t wait for camping season raise your hand ! . . #earthday #earthday2020 #yeg #reddeer #albertarealestate #yegre #yegrealestate #reddeerrealestate #mortgagebroker #firsttimehomebuyers

Thanks neighbours! Message well received :) we did indeed have the best day. Hope you are all having the best day too! #sidewalkchalk #reddeer

Q.) What does it really cost to defer your mortgage payment? A.) Not a whole heck of a lot. Watch my math filled video for more details

Ok. Who is buying this house (for me?) in Sweden? And when can I (move in) come to visit? Anything you would change?

It's new blog post day. In light of the current economic temperature I'm touching on a heavy topic today - consumer debt. Perhaps a little tougher read than my usual but certainly a topic which I am sure is hitting home with a substantial number of Albertan's right now. I am always open to hear your comments and thoughts! https://www.jillmoelleringmortgages.com//mortgages-and-fin

For anyone deferring payments on car loans, personal loans, mortgages etc. you should be asking the question of how this will be reported and if it will affect your credit at all. You will also want to ask about how they will calculate your new payment when the deferral period is over. For most mortgages, it will not affect your credit but you always want to be certain. Equifax is offering a free month of credit monitoring so you can ensure that those deferred or skipped payments do not actually affect your score. Check them out for more information: https://www.consumer.equifax.ca/pe/products/credit-report/

A little bit of good news for everyone this week! The stress test qualifying rate has been lowered to 5.04% (was 5.19%). This is not AS good as the former announcement of revamping it entirely that we were supposed to get on April 6, but we will take it!

Mr. TopBrass at my brokerage on what payment deferral really means and how it works. Much easier to share his explanation, than do my own. Lol.

I've been in my office for 2 weeks straight... I showered and combed my hair specifically for this video today. A not so short update on what is going on with interest rates, applications, processing times and deferring your mortgage payments.

Well folks, this has been a slightly insane week. I know there are a lot of folks concerned about their mortgage payments in the wake of people not being able to work etc. So I wanted to share some information for everyone regarding the assistance programs that are available if you need payment relief in the coming months. Most of our major lenders have announced payment deferral options. This means you can delay a payment or a series of payments and this will not advers...ely affect your credit score. Some lenders are waiving the fees commonly associated with this feature as well. For those with insured mortgages (CMHC, Genworth, CG) - typically those who put less than 20% down payment when they purchased - the insurers are also offering payment assistance programs and payment deferral programs to help navigate through these moments. For both of these options, please be patient. Lenders are receiving much higher than normal call volumes and phone systems and call centers are overrun coupled with lenders trying to send employees home or running on smaller staff numbers than normal. If your financial situation is not urgent, please wait to call until perhaps next week. Or perhaps only consider calling if you actually do need to use this service rather than to just inquire. The Federal government announced that they would be waiving the one week waiting period for EI sickness benefits for those in self-isolation or quarantine. For those who are self employed, or run small businesses there is going to be funds available through loans at the BDC (Business Development Bank of Canada) as well, however, there is currently some controversy on exactly what interest rates they will be loaning those funds at. To find information you can contact the BDC directly at 1-877-232-2269 or at BDC.ca Customer Service Numbers below: CMHC: 1-800-668-2642 Genworth: 1-800-511-8888 Canada Guaranty: 1-866-414-9109 ATB 1-800-332-8383 B2B 1 800 263 8349 BMO 1-877-895-3278 Bridgewater 1-866-243-4301 CIBC 1-800-465-2422 CMLS 1-888-995-2657 Optimum 1-866-441-3775 Equitable 1-888-334-3313 Connect First 403-736-4000 Chinook Financial 403-934-3358 First Calgary Financial 403-736-4000 First National 1-888-488-0794 Haventree 1-855-272-0051 Home Trust 1-855-270-3630 HSBC 1-888-310-4722 ICICI 1-888-424-2422 Manulife 1-877-765-2265 MCAP 1-800-265-2624 Merix 1-877-637-4911 Marathon 1-855-503-6060 RBC 1-866-809-5800 RFA 1-877-416-7873 RMG 1-866-809-5800 Scotia 1-800-472-6842 Servus 1-877-378-8728 Street Capital 1-866-683-8090 TD 1-866-222-3456 As always, if you have questions about your mortgage or options that may be available to you I am always here!

What a news day! Mortgage nerds country wide are having a hard time keeping up with the updates. I am in full nerd mode over here. In addition to the Bank Of Canada announcement to drop the overnight lending rate another .50%, OSFI has halted their plans to change the stress test as of April 6 which we have been waiting for anxiously. ... The point of the stress test in the first place was to ensure that buyers could afford their mortgages if interest rates increased over the lifetime of the mortgage. With interest rates falling so low right now, the previously planned changes would mean that qualifying rates would be dramatically lower than the current qualifying mark. This would have given buyers a massive increase in purchasing power, but would have also meant a huge risk for those buyers when interest rates returned to normal and the costs of those mortgages increased. It seems the market is changing on an hourly basis right now, I will try my best to not spam your news-feed with updates. https://www.bloomberg.com//canada-bank-regulator-unleashes

Bank of Canada has just announced a further .50% drop to the overnight lending rate down to .75%. This is the rate they lend money to the banks at. The banks will soon to be following suit in a further interest rate drop for variable clients. Those holding variable rate mortgages and lines of credit should be seeing the benefit of this drop soon. We would expect to see a further reduction in the already floor dropping fixed rates as well. The prime rate is currently sitting at 3.45%, with this drop we could be looking at a prime rate of 2.95%. The only time in the history of the Bank of Canada (since 1935) that we have seen prime rate under 3.00% was from February 2009 until September 2010 in response to the financial crisis of 2008.

Did you know that you can do your entire mortgage application, renewal or refinance from the comfort of your home? I can do everything remotely for your mortgage which means no need to run around for appointments! Mobile lawyers and signing agents can come to your home or workplace as well to make the entire process as easy for you as possible! #yegrealestate #mortgagebroker #yegre #reddeerrealestate #reddeer #mortgages #adultingfromhome

It's Friday Eve folks! It's imperative that your real estate lawyer review your mortgage commitment before you remove conditions as often times, your lender req...uires your lawyer to do certain things e.g. confirm debts you owe or have you pay our certain debrs or that you don't own other property or that you are one in the same person as a similar name etc. If we don't review this before you remove conditions and after the fact these things cannot be confirmed by you and therefore us, then your closing will be compromised unless your broker is able to somehow remove these conditions, which is never a guarantee. Most lawyers may charge you to get involved prior to your deal being firm, but I do not, so make sure you are aware of this before you proceed. The number of times that I have avoided a catastrophic consequence for a client is too high to count and I'm more than happy to do so. As always, any questions, let me know!

My favourite part of the job :) #mortgagebroker #yegre #yegrealestate #reddeerrealestate #albertarealestate #thankyoucards #yesthatsmycat #firsttimehomebuyers

Shout out to all the strong women, fighting every day to break down the barriers. And shout out to all the women, silent on the outside, screaming on the inside for their voices to be heard. You don’t have to be strong. We got you. #internationalwomensday

Interest rates are low. Like REALLY low. If you’ve been thinking about buying, now is the time! Let’s talk! #mortgagebroker #yegrealestate #stalbertre #reddeerrealestate #springhousehunting #mortgages

You may be seeing all the news headlines this morning about the Bank of Canada (BOC) dropping its overnight lending rate, which it has, but if you are wondering what that even means - let me explain! To condense this economics lesson in one sentence, in short: The Bank of Canada lends money to the private sector banks.... When the BOC lowers what it calls the 'overnight lending rate' this is referring to the interest rate the BOC charges to the private banks like TD, Scotia, RBC etc. In turn, the banks lend out money to citizens at what we call the 'Prime Rate'. There is a markup on the prime rate so while you may see that the BOC overnight lending rate was 1.75%, prime rate to consumers was 3.95%. Some banks may have also tacked on a higher premium to their prime rate. Today the BOC has announced a drop in the overnight lending rate by a dramatic .50% bringing the rate to 1.25%. This does not mean that the Prime Rate has been dropped yet - however - a drop to the prime rate for consumers is surely imminent. How does this affect you at all? Well, if you have a fixed rate mortgage, it does not affect your rate at all, everything will stay the same and you will not notice any difference to your mortgage. If you are in a variable rate mortgage, your interest rate will change which could mean a drop in your monthly payment (depending on the type of payment you are set up with). If you have any other variable rate debt like Line of Credit or Home Equity Line of Credit debt for example you will also see a drop to the interest calculated on that debt. If you are not sure if this is going to affect you or not, give me a call or pop me a note! 780-720-4034 https://www.ctvnews.ca//canadians-cost-of-borrowing-going-

If your current interest rate is over 3.00%. Call me. Rates are dropping, let’s run the math and see if it makes sense to renew early.If your current interest rate is over 3.00%. Call me. Rates are dropping, let’s run the math and see if it makes sense to renew early.

My co-worker is snoring.... . . #mortgagecats #mortgagebroker #yegre #stalbertre #reddeerrealestate #officecats

Update on the stress test changes announced for April 6 and what that could mean for you! * disclaimer - my example of increased purchase power is based on a scenario of 80k income, no other debts, no condo fees and property taxes of 4000/year. Let me know of you want to chat about how this change will affect you and what your mortgage options this spring!... Jill Moellering Mortgage Architects 780-720-4034

Good News! The stress test qualifying rate is going to be changing as of April 6th! We are not exactly sure yet of what that will change will be precisely, but we know it will be in the right direction which should mean a slight increase to your maximum purchase price. I won't lie, it won't be a dramatic increase, but if you were just pushing the boundaries of a certain approval price this could help! https://www.canada.ca//a-new-benchmark-rate-for-insured-mo

It's me.. again.. watch the sun nearly blind me and highlight all my grey hairs while I blether on about what you can do to improve your credit score - I am much more photogenic in the evening videos.. will need to remember that for next time.

Happy Valentines Day! What a great day of love; 2 young couples took possession of their first homes together today! I can’t think of a better Valentines gift to each other than that! #mortgagebroker #yegrealestate #yegre #foxcreekrealestate #firsttimehomebuyers

Great information from Andrew if you are thinking of buying with a co-signer or co-signing for someone else.

I tried not to ramble this time! Have a listen for a basic overview on required credit scores for mortgage financing in Canada. Do I really sound like this in person?

You may have seen the Super Bowl ad for a discount do it yourself online mortgage company down in the US this week... All I can say is.. you get what you pay for! #mortgagebroker #yegre #reddeerrealestate #stalbertre #mortgagespecialist #getarealmortgage

Ok sometimes Adulting sucks. Everyone adults brilliantly at different things, I’m terrible at meal planning but I’m really good at mortgages! If you feel like you need to talk to an adultier adult about your mortgage or the home buying process, I would love to be your adult! And in exchange you can tell me how to do a better job of remembering to take chicken out to thaw sooner than at dinner time.... #yeg #reddeer #stalbertre #yegre #mortgagebroker #mortgages #mortgagespecialist #personalfinance #adulting #firsttimehomebuyer #mortgagesmadeeasy

Evening folks. Lots of people choose to buy Condominiums for any number of reasons. It's important to realize that Condos are not just skyrise towers or apartme...nts. They can also be townhouses, duplexes, single family homes or gigantic mansions. "Condo" is not the 'type' of property, but how you own that property. Today's post relates to the fact that when you are going to buy a Condo, regardless of what type of property it is, you need to spend considerable time reviewing the Condominium documents that the Seller is going to supply to you, to look for outstanding and potential special assessments/levies. These assessments/levies are amounts on top of regular condo fees that the Condo Board has agreed must be paid by each unit, typically to assist in renovations or repairs. I've seen ones as small as a couple hundred, to ones as high as $25,000.00. Sometimes the Condo Company offers a payment plan, sometimes they expect it to be paid in total by a certain date. The documents that the Seller provides to you as a buyer may not contain all relevant or recent information because if the last meeting of the board/residents was held in the month you are buying or 1-3 months or more before the month you are buying, the Meeting Minutes may not have been drafted yet. This is critical because if you are relying upon ONLY the meeting minutes you have, they not contain any mention of concerns regarding the boiler system for example or the roof, fencing, storm doors, etc. What can/does happen is that a meeting is held, there are chats about a possible special assessment, and then a resolution to accept that assessment passes AFTER your closing date. You might think that this assessment would be the Seller's responsibility, however, under the contract, IT IS THE BUYER's RESPONSIBILITY. In the reverse situation, if a special assessment is passed before the closing date, then even if it is due AFTER the closing date, the Seller is responsible for paying for it. Determining past and future/potential special assessments is absolutely necessary because it may affect your decision to buy the property due to cost or concern it will not be a good one to live in or it may be a negotiating tool to get a lower price on the property, if you know a special assessment is in the works. Since the meeting minutes may not be the most up to date, I always recommend that my clients contact the Condo Board President, Property Management Company, and pound the pavement to ask neighbours if they have heard anything about any issues with the property that may warrant a special assessment in the foreseeable future. I always recommend EVERYONE to involve their lawyer before submitting an offer, and this is especially the case when buying a condo, regardless of the type of property is. Any questions, let me know.

Listen to me ramble on - hopefully coherently - about minimum down payment requirements here in Canada for buying a house! I talk about a lot of things including some down payment programs and options, the minimum requirements and some of the grey zones. Don't mind the computer glare on my face.. I did that on purpose. Makes my teeth look whiter. ... If you don't have a favorite mortgage broker already - I'd love to be yours! Jill Moellering Mortgage Architects 780-720-4034

‘Skip a Payment’ on your vehicle loan! . Most car loan companies offer a ‘skip a payment’ option if you are in a tough spot. This sounds like a great feature, but what they don’t tell you is that payment will be reported as a late payment on your credit bureau EVERY MONTH until you make up the extra payment you had missed. For people who don’t know this, this can turn into 30 or 40 late payments on their credit bureau which dramatically affects your credit score! If you do n...eed to use this feature, be sure to make up the extra payment as soon as possible. #mortgagebroker #credit #carloanscanada #yegre #stalbertre #reddeerrealestate #mortgagequalifying See more

Ooh! Erin Best has a shiny new newsletter and I am honored to be featured in her first ever edition! Send her a note to get on the mailing list :)

Andrew is one of my favorite lawyers for a very good reason! He comes to you! This has proven to be important for many of my clients who work shift work, or out of town work and can't find time during regular office hours to make it into a lawyers office. Having a lawyer that works the same hours as your mortgage broker and Realtor do (all day, every day...) is beneficial for a million reasons.

New Blog Post Day! Today's topic is all about the options of mortgage financing during a divorce or separation. https://www.jillmoelleringmortgages.com//moving-on-with-or

What a year! I have been so fortunate to share my time this year with so many wonderful and amazing people! Clients, Realtors, Lawyers, Brokers, Lenders, Family & Friends! You have all helped make this year the best one yet :) Wishing each and every one of you the absolute best Christmas ever! I can't wait to see what 2020 brings for us all!

A friend of mine is a wonderful contractor in the Edmonton/Sherwood Park region and has this amazing promotion on right now! He does beautiful work! If your thinking of buying a fixer upper, did you know you can include the cost of renovations in the mortgage? Under the ‘purchase plus improvement’ mortgage we can include up to 40k in the mortgage amount to be used for improving the property! If your looking to update your existing property, we might be able to refinance and pull equity to help pay for the costs of the work!

Always a great day when clients get their forever homes! Many thanks to Shanna Painter for being so great to work with! And Andrew Cao: Mobile Real Estate and Estate Lawyer, KBL LAW LLP for being so flexible for our client :)

New homes for Christmas! I’m so excited for all my buyers this month who get to spend Christmas in their ultimate Xmas gifts to themselves! Special thanks to all the hard working Realtors helping to make these dreams come true. @glennfisherteamremax @dbotsells @paintershanna , Marcella Barthel, Linda Wolff, Travis Bannert! I’m so lucky to get to work with so many professional and wonderful people in this biz! . . .... #mortgagebroker #yegre #reddeerrealestate #reddeer #yeg #stalbertre #stalbert See more

A little fun for a Friday! As a broker.. I would recommend #6 - you can obtain the house, the car and the cash a whole lot easier if you have a perfect #6! I'm torn on the rest of them!

Winter is upon us but business has not slowed down! I am so happy to see all of the first time buyers I have been working with the last couple months take possession of their new homes in the coming weeks! We still have time to get you into a cozy new home before Christmas! Prices across the province are still very low making it a great time to buy for first time home buyers or those looking to pick up a rental property or 2. ... Prices are traditionally lower in the winter months as there tends to be fewer buyers out shopping which is a great advantage. Mortgage rates are also still historically low, making this truly the best combination for affordability if you have been thinking of buying. If your mortgage renewal is coming up in the next 4 months, now is the time to lock in a rate for your renewal. You can hold a rate as early as 120 days before your renewal date, then if rates increase you can sleep well knowing you got a deal and if rates drop between now and then we can drop our locked in rate along with them. The best part about renewing your mortgage is you can do it all from the cozy wrapped up warm comforts of home over the phone and by email! As always, give me a shout or pop me a note with any questions!

Something you should know about me... Halloween is my favorite holiday of the year! We love to decorate the house, sadly this year with the move and limited time we are taking the year off from our elaborate Halloween display - but looking forward to getting back to it next year! Hope everyone has a safe and fun night tonight! Please post costume pics below - I want to see them all!