Edmonton is proving to be the best place to buy property! We work in, live within and love this city, so its no surprise to us that Edmonton is quickly becoming the place to live and invest in. Lets take a quick look at the numbers. According to Alberta population statistics, Alberta's population expanded by … Continue reading Top 3 Reasons Edmonton Is The Place For Real Estate
Author: Crystal Donnelly
Crystal is a licensed professional mortgage broker and owner at Mortgage Sisters West
With inflation at an all time high, Canadians are feeling the pinch! Without a doubt, while we get through these inflated times, this is going to become a time of prudent budgeting where we push extras aside for a while and put essentials to the top of our needs. If you are paying your mortgage … Continue reading Switching from Accelerated to Non Accelerated Mortgage Payments
Lets dig a little deeper to understand variable rate and fixed rate so that you can decide which is best for you. Note, these mortgages referred to in this post are closed mortgages, which is what most Canadians have their mortgage in as the interest rates are the lowest. First understand that a mortgage payment, … Continue reading Fixed VS Variable- Which is right for you?
The thought of putting on your parka and heading out into -25 degree weather deters even the most strong willed Edmonton and Sherwood Park home buyers. With colder weather, people naturally tend to hibernate indoors. This is a great advantage to a first time home buyer, or a buyer who can buy first and sell … Continue reading Top 3 Reason’s To Buy in Edmonton This Winter
For most people, a mortgage is going to be one of the largest debts they manage in their lifetime. With this in mind when mortgage lenders are looking at an application they have to consider if an applicant has demonstrated a history to borrow and repay. The thicker and longer the history, means overall less … Continue reading Good Credit
When you join into a mortgage relationship with a lender, it's important to keep in mind that it is the lender who generally takes on the majority of the risk as most people put less than 50% up to only 5% of their own money to finance the initial cost of the home. In order … Continue reading The 5 C’s of Credit
There are many Canadians whose mortgages are up for renewal this year. In 2014 the average discounted 5 year fixed rate was 2.81%, compare that with today's best averaging around 3.64% and its no wonder that many Canadians are worried about their mortgage payments on their upcoming renewals. Over 3/4 of renewing mortgage holders are … Continue reading Does your mortgage renew this year?
When you purchase a home, your name is on your land title as being the owner of the property and any other interests in the property- such as a mortgage- will also go on title. We assume that all mortgages are registered the same- however there are very big differences between a standard mortgage charge … Continue reading A Collateral Mortgage is not a Standard Mortgage
Often when looking at mortgage, many buyers 1st question is "what is your best rate?". While rate is certainly a consideration when choosing a mortgage product, knowing the features of the mortgage product should be top priority- because not all mortgage products or lender offerings are equal. In many cases, Canadians often end up paying … Continue reading Mortgage Penalties
By now you likely have heard of the new B20 mortgage rule updates set by the Federal Government in October of 2016 and the increase in premium in default mortgage insurance in March of 2017 and the newest addition to conventional mortgages that came into effect January 1 of this year. The Office of the … Continue reading Insured, Insurable and Uninsurable