Lynda Picado-Mortgage Professional

Out for a walk in Edmonton's gorgeous #rivervalley with Realtor @shaunakinneyrealestate Residents in this area have homes with considerable equity. Let me show you how to unlock that equity Tax-Free! #lpadvice... It could be the right option for you. Reach out if you have any questions! [email protected]

Speak only words of kindness

Great colleagues are those who make work seem like play!

Thinking of moving this year? Let's talk PRE-APPROVALS! Before you buy, let me run the numbers and here's why!... Ensures you are shopping within your means You have a guaranteed interest rate locked in, in case rates increase by the time you find a home Shows the realtor that you are serious about buying Allows you to close the transaction faster once you have found your dream home Lastly, you have me by your side through the whole process! If you have any questions about getting pre-approved - let me help you! It's literally my job and I love it! Let's chat! [email protected]

https://m.facebook.com/story.php?story_fbid=10157571766375835&id=512015834

The stress test rate is about to fall for the second time in three months following cuts by Canada’s Big Six banks to their 5-year fixed posted rates. Mortgage experts say the Bank of Canada will reduce the benchmark qualifying ratea.k.a., stress test ratefrom 4.94% to 4.79% this week. National Bank of Canada cut its posted 5-year fixed rate by 15 bps on Monday, following similar cuts by BMO and CIBC over the weekend, while RBC and TD lowered their rates last week.... In May, similar big-bank posted rate reductions caused the qualifying rate to fall from its then-current level of 5.04%, since the rate is based on a mode average of the big banks’ 5-year fixed posted rate. That marked their first time since January 2018, when OSFI’s stress test was introduced, that the benchmark qualifying rate fell below 5%. It will make qualifying easier, or permit some people to borrow fractionally more, Paul Taylor, President and CEO of Mortgage Professionals Canada, told the Globe & Mail.

It is typically one of the first questions someone asks when talking about your mortgage: What’s your rate? Although the rate is important, your mortgage is so much more than a rate, and if you’re not paying close attention, it can cost you money.