News

July 4, 2022

There are some misconceptions about down payments out there! 5% down for your down payment is the number everybody knows—but did you know you need 20% down for a rental property? I have all the details here: Down Payment Misconceptions: About Jason Scott, Edmonton Mortgage Broker Looking for a personalized…

Why Would the Lender Want to Look After Paying the Property Tax for You?

July 4, 2022

Why would the lender want to look after paying the property tax for you? Let me explain: Not every homebuyer has their lender take care of their property tax for them, but some do. If you were wondering why lenders do this, it’s because lenders don’t like a situation where…

“I THOUGHT MY LENDER WAS COVERING MY PROPERTY TAX?” Jason Scott, Edmonton Mortgage Broker, blog

“I Thought My Lender Was Covering My Property Tax?” How to Tell

Mr. Bongo

June 27, 2022

It’s late June and people are getting their property taxes in the mail, and inevitably there’s the question of – “Hey, I thought my lender was covering the property tax and I don’t have to worry about this?” Here’s a quick and easy way to figure out if you need…

Don’t Make Your Possession Date June 30

June 23, 2022

Why shouldn’t you make June 30 your home possession date? Find out in this video: About Jason Scott, Edmonton Mortgage Broker Looking for a personalized mortgage solution? As an Edmonton Mortgage Associate, I’ll be your trusted partner who will help you get the right mortgage for your family home or…

Navigating Closing Costs of a Home Purchase

June 20, 2022

Did you know mortgage lenders and mortgage default insurers will typically ask you to show between 1 and 1 1/2 % of the purchase price of a home for closing costs? This can mean, for example, an extra $4500 above and beyond your down payment for a home that cost…

What is the “Canadian Housing Market”?

June 13, 2022

I have a pet peeve with the way the media talks about the “Canadian housing market.” The reality is that there’s more than one Canadian housing market! When the media talks about housing prices being up or down, they’re usually talking about prices in the Toronto or Vancouver markets. However,…

What Does the Bank of Canada Rate Increase Mean for Your Mortgage?

June 3, 2022

It happened! The Bank of Canada increased its key lending rate by half a percent on Wednesday. Here’s what an interest rate increase means for you as a homeowner with a mortgage: About Jason Scott, Edmonton Mortgage Broker Looking for a personalized mortgage solution? As an Edmonton Mortgage Associate, …

Fixed Rate Vs. Variable Rate Mortgages: What Should I Choose?

May 16, 2022

A big question people have when it comes to mortgages is whether they should go with a fixed rate or a variable rate mortgage. In this video, I dive into the question and give some advice: About Jason Scott, Edmonton Mortgage Broker Looking for a personalized mortgage solution? As…

The Impact of Rising Interest Rates on the Amount You’re Qualified to Borrow

May 16, 2022