Michele McGarvey Mortgage Team
260 91st Street SW T6X 1W8 Edmonton, AB, Canada

Did you know that when you purchase a property, you will need up to 1.5%* of the purchase price earmarked for your closing costs? What are closing costs you ask? Well, those are the costs associated with purchasing a property**. Things such as: Home inspection ($400-600) Legal fees ($800-1000) Property tax adjustments (depending on the time of the year this could be money coming your way from the seller or money owed by you to the seller)... Title insurance ($150-200) Land title registration ($175-200) Home insurance ($1200-3000) Set up of utilities, moving fees and the inevitable pizza and drinks for those that helped you haul all of your furniture around! Don’t forget that it doesn’t stop with the mortgage so make sure you take all of these costs into consideration when you’re budgeting for your home purchase. Call us today and let us walk you through these and the other costs associated with purchasing a property! * Lenders’ requirements for closing costs range from 0.5% to 1.5% of the purchase price ** All amounts are estimated

Today is National Cuddle Up Day. While a US holiday, we're thinking this is definitely one us Canadians should get on board with (Michele and Mia already have!). It's January, it's cold (usually!!), hugging releases the hormone oxytocin (great for pain relief), and reduces blood pressure and heart rate in stressful situations, and hey, it just feels good to be wrapped up with our favourite people or fur friends. The list of people we can cuddle up with this year might be considerably smaller than usual with COVID restrictions keeping us home and within tight bubbles but grab who you can (safely) and get your cuddle on.

Here are a few reasons we think a broker is best: 1. Save time - let us do the shopping for you. You found the house, let us find the mortgage. 2. More choice - Think buffet options versus à la carte. Mortgages are not a one size fits all situation and we have many lenders we can consider in order to find the best fit for your specific needs. 3. No cost - Yep, you read that right. You won't see fees from us as we are compensated by the mortgage lenders. Give the team a call today (587-520-8454) to see how we can help you make your home ownership dreams come true!

Heather, thank you for taking the time to share your thoughts. Your kind words have brightened our day! It has been a pleasure to work with you and we looking forward to helping you in the future!

As we ring in the New Year, we also want to celebrate a time to reflect on new beginnings, opportunities and goals. Now is a great time to reflect and consider all that is possible for the coming year!