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What is a Private Mortgage?

March 3, 2025

Most homeowners will never need a private mortgage, but for those who do, it can be a essential tool for short-term financing. Unlike traditional loans, private mortgages focus on the equity in your property rather than your income, credit score, or job history. These loans come with higher interest rates—often…

Renting Means Paying Infinite Interest

Jason Scott

February 23, 2025

Mortgages, Purchasing a new home

If you’re renting, every dollar you pay is gone for good. Unlike a mortgage, where you’re building equity, renting gives you zero return, except maybe a folder full of rent receipts. Watch my video or read on for more details! Owning Builds WealthEven with 5% or 10% mortgage interest, you’re…

Understanding Posted Mortgage Rates

Mr. Bongo

February 17, 2025

Mortgages, Purchasing a new home, Qualifying for a Mortgage

What Are Posted Mortgage Rates? You may have seen the term posted rate when looking at mortgage options—but what does it actually mean? Unlike the rate you actually get on your mortgage, posted rates are the rates lenders use when calculating certain penalties, particularly Interest Rate Differential (IRD) penalties. Watch…

The Truth About Mortgage Cashback Offers!

Jason Scott

February 11, 2025

Mortgages, Purchasing a new home, Qualifying for a Mortgage

What Are Mortgage Cashback Offers? When shopping for a mortgage, you might come across lenders offering cashback incentives—sometimes $1,000, $2,000, or more—if you open a bank account with them and have your mortgage payments come directly from it. Sounds like a great deal, right? Not always. Watch my video or…

This is Why a Pre Approval Doesn’t Guarantee Your Mortgage

Jason Scott

February 4, 2025

Mortgages, Purchasing a new home, Qualifying for a Mortgage

Many homebuyers assume that once they have a pre approval for a mortgage, they can make an unconditional offer. Unfortunately, that’s a risky mistake. A pre-approval is an important step, but it’s not a guarantee that your mortgage will be finalized. Watch my video or read on for more information.…

How a Legal Basement Suite Can Help You Qualify for a Bigger Mortgage

Jason Scott

January 29, 2025

Mortgages, Purchasing a new home, Qualifying for a Mortgage

Many first-time homebuyers find that their budget only qualifies them for a smaller home, when what they really want is a single-family home – here’s how a legal basement suite can help. Watch my video for more information! How Rental Income From a Legal Suite Can Help One way to…

Renting Vs. Buying in Edmonton’s Spring Market

Jason Scott

January 22, 2025

Mortgages, Purchasing a new home

Should you rent or should you buy? It’s a question many people face as the spring market heats up in Edmonton. As a mortgage broker, you might expect me to push you toward buying – but that’s not always my advice – sometimes renting is the right move. Why Renting…

What REALLY is Inflation?

Jason Scott

January 14, 2025

Mortgages, Purchasing a new home

Inflation impacts more than just your grocery bill—it directly affects your mortgage, borrowing costs, and overall financial health. As the Bank of Canada adjusts their lending rates, understanding how it works is key to navigating changes in your variable or fixed mortgage. Check out my YouTube video about inflation, or…

Stop Stressing About the Mortgage Stress Test!

Jason Scott

January 7, 2025

Mortgages, Purchasing a new home

If your mortgage is up for renewal within the next year, the Canadian government’s latest update on the mortgage stress test could work in your favour. The new rules eliminate the need for a stress test when switching lenders during renewal, giving homeowners more flexibility and potentially more savings. Check…

Pre-Approval is Your Secret Weapon in Edmonton’s Spring Housing Market

Jason Scott

December 17, 2024

Mortgages, Purchasing a new home

The temperatures outside may be freezing, but Edmonton’s housing market is warming up. With the spring market just around the corner, competition among buyers will soon be strong. If you’re thinking about buying a home this season, there’s one thing you need before you start shopping: a mortgage pre-approval. Why…

News

What is a Private Mortgage?

Renting Means Paying Infinite Interest

Understanding Posted Mortgage Rates

The Truth About Mortgage Cashback Offers!

This is Why a Pre Approval Doesn’t Guarantee Your Mortgage

How a Legal Basement Suite Can Help You Qualify for a Bigger Mortgage

Renting Vs. Buying in Edmonton’s Spring Market

What REALLY is Inflation?

Stop Stressing About the Mortgage Stress Test!

Pre-Approval is Your Secret Weapon in Edmonton’s Spring Housing Market

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