DLC Canadian Mortgage Experts Canada First

Not sure how I managed this. Some how this got stuck in the house and was trying to escape through the invisible force field we call a window. It sat on my finger until I let him out the back door

Minimum of 5% right? Well there's a catch. You also need closing costs. Most lenders want to see that you have an extra 1.5% available to make sure you can proceed with the sale. This includes inspections, lawyers, appraisals. Luckily, in Alberta they don't get as high as 1.5% but to get the best mortgage product you need to show the lender you are prepared to move in!

Had a little visitor in the car today. Going to call him Nigel!

Rates could be on the rise! Just had one lender increase rates by 0.3%!! If you have been looking around and want to score a great mortgage you may want to make a move now! Canadian bond yield was at 0.42 in January and is know 0.66. This is important because fixed rates usually follow the bond yield!

Did you know that the cookie monster is named Sid? He is my idol.

Any soccer fans? Did you know on this day 1969 Brazilian soccer icon Pele scored his 1000th goal? Pretty incredible that his total goals scored I clouding friendlies was 1279!

There certainly has been a few changes in the approval process but they vary from lender to lender. In general, lenders will be a little more strict on income by wanting to make sure your work is still not affected by layoffs or in the case of self employed individuals, lenders want to make sure your business has not suffered too much due to the restrictions. In terms of applying it is easier than ever! We don't have to meet in person and it can all be done over the phone and online! Check the link in my profile to apply or call me at 403-437-2625!

Happy Thanksgiving everyone! I

This is a direct relationship, not an inverse relationship. That is to to say, the more down payment you have, the more of a home you can afford. In other words, the more down payment you have, the smaller mortgage you have! As always,DM me if you have any questions!

Hiking in the back country can offer so mamy unique vistas!

Variable Mortgages left unchanged again! Let me know if you have any questions about the overnight lending rate!