Mr. Bongo

About Jason Scott

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So far Jason Scott has created 27 blog entries.

Edmonton Mortgage Broker – Top Reasons to Buy a Home

By |October 11th, 2017|

Are you tired of renting but nervous about making the decision to purchase a home? If so, you are not alone. Throughout my experience as an Edmonton mortgage broker, I have encountered many people who were fed up with their current situation of going from landlord to landlord, but were afraid of making the large […]

Edmonton Mortgage – Edmonton Market Update

By |August 7th, 2017|

While the prices of Edmonton homes did rise slightly last month, the overall market has remained stable as we finish off the summer.

The most recent housing statistics released by the Canadian Real Estate Association indicate that the average sales price last month rose for single family homes but remained balanced for duplexes, rows, and condominiums. […]

Interest Rate News – July 2017

By |July 18th, 2017|

By Jason Scott,
Mortgage Broker
TMG The Mortgage Group

We knew it was going to happen eventually.

The Bank of Canada finally increased its overnight rate by .25 per cent to .75 per cent on July 12.

Citing an approving economy, the BOC increased rates for the first time in seven years.

Banks and other lenders were quick to increase their […]

Tips for Getting Your Loan Approved

By |April 4th, 2017|

As an Edmonton mortgage broker, I understand that the process of getting approved for a loan can be intimidating. You may feel overwhelmed about what is required to apply or feel nervous waiting to know whether or not you are approved for the loan you want.

Throughout my years of experience in the mortgage industry, I […]

Mortgage Insurance Premiums To Go Up

By |March 17th, 2017|

The cost of mortgages for homebuyers with smaller down payments is going up today.

Mortgage default insurance premiums – needed any time buyers have less than a 20 per cent down payment – will increase on March 17, 2017.

The increase is meant to ensure mortgage insurance companies like Canadian Housing and Mortgage Corporation (CMHC) Genworth Financial […]

Edmonton Mortgage | Canadian Mortgage News Update

By |January 11th, 2017|

In October, the Canadian Federal Government enacted changes to the country’s mortgage regulations, requiring homebuyers to pass a “stress test” and qualify for higher mortgage rates.
As an Edmonton mortgage broker, Jason Scott has strived to stay up to date on all local and national market news and trends. Throughout his years of experience in the […]

St. Albert/Edmonton, AB Market Update – November 2016

By |December 15th, 2016|

Alberta’s housing market should be ending the year on a solid note.

As we head into the colder months of the year, the housing market usually slows down. So far in 2016, the market has remained relatively constant despite the cooler weather. Sale numbers are consistent and prices remain stable, which is great news for those […]

New Mortgage Rule Will Make it Harder to Borrow

By |October 3rd, 2016|

A new mortgage rule will to make it dramatically harder to borrow for a mortgage.

Bill Moreau, Canada’s finance minister, announced today that borrowers will have to qualify at the Bank of Canada rate on all insured mortgages – those with less than a 20 per cent down payment.

Today that rate is 4.64 per cent which […]

How Grouplend is helping my mortgage clients

By |October 18th, 2015|

I’ve recently been introduce to a new lender that provides unsecured loans up to $30,000.

Grouplend is a Canadian lender – they are based in Vancouver – that quickly approves loans.

As a mortgage broker, Grouplend is handy resource because some clients are able to borrow their down payment for a home.

Homeowners who don’t have enough equity […]

Alberta Homebuyers to Pay Dramatically Higher Real Estate Fees

By |April 1st, 2015|

Homebuyers are going to see major fee increases in the wake of last Thursday’s provincial budget.Beginning July 1st, land transfer and mortgage registration fees will increase for both flat fee and variable fee components.The flat fee component of each type of registration increases from $50 to $75 (that’s a 50 per cent increase) but is […]