Ariana Leroux
Suite 200, 10493 184 St NW T5S 2L1 T5S 2L1 Edmonton, AB, Canada

So there is a post I see circulating around in regards to 90% refinances at bank rates (no cmhc on O.A.C). Now as a licensed mortgage agent I am supposed to help clients & educate them in regards to their mortgage/potential options etc. It makes me shake my head when I see things like this, to me it is "bait and switch" with the general public who do not have the knowledge of how things work for a mortgage or even in my industry. In AB (and this company is in Edmonton statin...g this). There are NO REFINANCES TO 90%, literally ZERO. Jan 1, 2018 there was a change in the Mortgage Rules, this was one of them. Depending on property type, credit, location and a few other things, you could potentially go to 80% loan to value at bank rates. That means 80% of what your home is appraised at - potentially.... so how are they going to 90%? I have been told they are giving "cash back" etc - maybe but the math still does not make sense! It all sounds a bit good to be true riiight? So are they doing a loan over the 80%? so for the extra 10% it is something different? is it cash they are handing you? what is the catch there? It isnt like it is set up as a correct "Cash back mortgage" because there are those - but not to 10%.... It is a POOR way to obtain business in my opinion, just to generate a "call". What an old-school way of doing business! I would much rather be truthful to be able to help people then this kind of nonsense. So do me a favor, when you see things like this.... question it. Ask a reliable licensed mortgage broker how it actually works. We do have AMAZING solutions.... there are lots for almost every type of situation. Ariana Leroux See more

Happy Lunar New Year!!!

This made me laugh out loud! House Hunting the "new app" haha ..... somethings you should stick to a professional. Same with mortgage approvals - :) Ariana Leroux

Mortgage Broker vs Mortgage Specialist. Broker vs Specialist: What’s the difference? To most consumers outside of the mortgage space, the terms mortgage broker and mortgage specialist would seem interchangeable but they aren’t. As a potential homeowner, the differences are more important than you might think....Continue reading