We’ve been using Jason for all our mortgage needs for almost 20 years. He has always been helpful and professional, always taking the time to explain everything and calm our nerves. I would recommend Jason Scott all day long!
Key Benefits of Partnering with Jason Scott, Mortgage Broker, TMG The Mortgage Group
- Unbiased Expertise for Edmonton Homeowners: With over 15 years in the YEG real estate market, Jason Scott offers independent advice free from bank ties, helping you secure the best rates often lower than big banks, like current 5-year fixed options starting at 3.8%.
- Personalized Strategies to Save Thousands: From first-time buyers to investors, get proactive mortgage management tailored to your goals, including smart pre-payment privileges to reach mortgage freedom day sooner.
- Stress-Free Process with Local Support: Enjoy seamless pre-approvals, access to a network of trusted Edmonton realtors and inspectors, and education via resources like the “I Love Edmonton Real Estate” podcast.
Why Choose Us?
In Edmonton’s dynamic real estate market, choosing the right mortgage broker means the difference between a confident purchase and unnecessary stress. At Jason Scott – TMG The Mortgage Group, we empower you with unbiased, client-focused solutions that prioritize your financial success. Here’s why thousands of Edmontonians trust us:
- Independent Access to Top Rates: As an unaffiliated broker, we shop 20+ lenders for competitive options, like variable rates as low as 3.5% tied to the current prime of 4.45%. This often beats bank offers, saving you thousands in interest over your term.
- Education-First Approach: We demystify terms like high-ratio mortgages (for down payments as low as 5%) and interest rate differentials (IRD), ensuring you understand every step. Dive deeper with Jason’s book, Approved! Mortgage Advice for All Stages of Life.
- Proven Track Record in YEG: Specializing in first-time buyers, relocators, and refinancers, we’ve helped clients consolidate debt, upgrade homes, and invest smarter. Our clients rave about the stress-free process check reviews here.
- Holistic Support Network: Partner with our vetted local pros for home inspections and legal advice, all while we handle the heavy lifting. Plus, stay updated via Instagram @mortgagejason for YEG market tips.
- Long-Term Savings Strategies: Leverage pre-payment privileges and renewal reviews to align with your goals, potentially accelerating payoff without penalties.
Ready to simplify your mortgage journey? Contact us today at 780-721-4879 or apply online for a free consultation.
FAQs
Navigating a mortgage in Edmonton’s thriving market can raise lots of questions especially for first-time buyers eyeing neighborhoods like Oliver or Strathcona. We’ve curated these top FAQs based on what our clients ask most, drawing from local trends and programs. For more, visit our full FAQs page.
Q: What’s the minimum down payment for a first-time home buyer in Edmonton?
A: For homes under $500,000, it’s just 5% perfect for high-ratio mortgages insured by CMHC. For pricier properties up to $1.5 million, it scales to 10% of the price in the excess of $500,000.
Use our mortgage calculator to crunch numbers.
Q: How does a mortgage pre-approval work, and why get one now?
A: We review your finances and lock in a rate for up to 120 days, giving you a clear budget without surprises. In Edmonton’s competitive 2025 market, it strengthens your offers sellers love pre-approved buyers. If rates drop (like the recent Bank of Canada cut to 2.25%), we can adjust. Start with our pre-approvals service.
Q: Fixed vs. variable rates which is better for me in Edmonton?
A: Fixed offers payment stability (e.g., 3.89% for 5-year terms), ideal for budgeting in volatile times. Variable, often prime minus 0.75% (around 3.70% now), can save long-term if rates fall but depending on the lender, the monthly payment can fluctuate. Explore options on our mortgage products page.
Q: Do I need mortgage insurance, and how does it work?
A: Yes, if your down payment is under 20%, CMHC insurance protects lenders and lets you qualify with less upfront. Premiums (2.4-4% of your loan) are added to your starting mortgage balance. For Edmonton relocators or investors, a 20 per cent down payment is required. Learn more in our glossary.
Q: What are closing costs in Alberta, and can I budget for them?
A: Expect to show to lenders that you have 1 to 1.5 per cent of your home price however the true cost will likely be lower. Our purchase guide breaks it down—reach out for personalized estimates.
Q: How can I use home equity for refinancing in Edmonton?
A: Tap up to 80% of your equity for debt consolidation or renovations, rolling in penalties for savings. With YEG’s steady appreciation, it’s smart for investors or people who need to consolidate more expensive credit card debt. Learn more with our refinance experts.
