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Do You NEED 20% Down for Your Next Home?

September 9, 2024

There’s a common misconception that every home purchase requires a 20% down payment. While it’s ideal to have a larger down payment as you move up the property ladder as you age, the reality is that you can still buy a home with less than 20% down – even if…

Can You Still Get a Mortgage With Bad Credit?

Jason Scott

September 4, 2024

Mortgages

Many people obsess over their credit scores when it comes to getting a mortgage. While having a high score is great, if your score is over 700, it doesn’t really matter whether it’s 710 or 820! The real challenge starts to arise when your credit score drops below 650, and…

The Impact of Bank of Canada Rate Cuts on Fixed Mortgage Rates

Mr. Bongo

August 27, 2024

Mortgages

Recent rate cuts by the Bank of Canada have sparked a lot of excitement, and many people assume that fixed mortgage rates will drop accordingly. However, the relationship between the Bank of Canada’s key lending rate and fixed mortgage rates isn’t as straightforward as it seems. In this blog, I’ll…

The Hidden Costs of 30-Year Amortizations

Jason Scott

August 19, 2024

Mortgages, Purchasing a new home

Recently, I discussed the return of 30-year amortizations for first-time buyers purchasing a brand-new home. While this change might seem like a great way to make homeownership more accessible, it’s important to understand the drawbacks before jumping in. Check out my video for more information: The Upsides and Downsides of…

What the Bank of Canada Rate Cuts Mean For You

Mr. Bongo

August 12, 2024

Mortgages, Purchasing a new home

The Bank of Canada recently dropped their key lending rate in July… Before you get too excited, it’s important to understand what these rate cuts really mean for you as a homebuyer. The Reality Behind Rate Cuts Rate cuts generate excitement, especially after the significant rate increases we’ve seen in…

30 Year Amortizations Are Back – Here Are the Conditions!

Jason Scott

August 2, 2024

Mortgages, Purchasing a new home

Since August 1st, 30-year amortizations have made a comeback in Canada! However, there are a few important details you need to be aware of. Who Qualifies for a 30-Year Amortization? 30-year amortizations are only available to first-time homebuyers who have less than 20% for a down payment. Also, it’s only…

Can You Roll Renovations into a Mortgage?

Jason Scott

July 15, 2024

Mortgages, Purchasing a new home

Many clients ask me if they can roll renovations into a mortgage. You can, with the Purchase Plus Improvements program. Let’s break down how this works and why it might be the perfect solution for you. The Purchase Plus Improvements Program The Purchase Plus Improvements program allows you to include…

Consider Buying Instead of Renting in Edmonton!

Jason Scott

July 8, 2024

Mortgages, Purchasing a new home

If you’re currently renting and your lease is about to end, you might have noticed that rental costs in Edmonton and the surrounding areas have skyrocketed. This trend has many renters considering whether it’s time to consider buying instead of renting a home. The Rising Cost of Renting in Edmonton…

How to use a cash back mortgage to manage debt

Managing Debt When Buying a Home

Jason Scott

July 1, 2024

Debt Reduction, Mortgages, Purchasing a new home

I would like to explain managing debt when buying a home. A common question I get from potential homebuyers is whether they can roll other debts into their mortgage when purchasing a home. Can You Roll Debts into a Mortgage? The short answer is no; you cannot directly roll other…

Navigating Edmonton’s Hot Housing Market!

Jason Scott

June 25, 2024

Mortgages, Purchasing a new home

Edmonton’s housing market is incredibly competitive right now, and it’s both exciting and frustrating for buyers and sellers. I’d like to share some critical insights to help you navigate the market, especially if you’re a buyer. Edmonton’s Current Market Edmonton’s housing market is hot – if you’re a seller, it’s…

News

Do You NEED 20% Down for Your Next Home?

Can You Still Get a Mortgage With Bad Credit?

The Impact of Bank of Canada Rate Cuts on Fixed Mortgage Rates

The Hidden Costs of 30-Year Amortizations

What the Bank of Canada Rate Cuts Mean For You

30 Year Amortizations Are Back – Here Are the Conditions!

Can You Roll Renovations into a Mortgage?

Consider Buying Instead of Renting in Edmonton!

Managing Debt When Buying a Home

Navigating Edmonton’s Hot Housing Market!

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