Jeremy Nagel-Mortgage Guru

09/05/2023

Back to regular morning skates for this kid. All smiles this morning! Putting in the hard work while others sleep...so proud of this kid.

11/08/2022

Wakes up and says, Dad, let's go shoot pucks. Absolutely! Practice makes perfect.

10/10/2020

Happy Thanksgiving!

09/29/2020

Better late than never. Love this dude. ❤️

09/26/2020

Happy National Daughter's Day to these two! ❤️

07/07/2020

That moment when you arrive home and say, s**t! I parked the Lambo in the neighbours driveway. 😉

07/05/2020

Lots of fun at the Big Rock: The Okotoks Erratic.
@ Calgary, Alberta

06/09/2020

It's official...Canada Guaranty says it will not be making any changes to their underwriting policy. It is business as usual.

Canada Guaranty’s underwriting policies are constantly evolving to reflect the changing economic climate. In response to recent industry announcements,...

06/08/2020

Great news for Home Buyers and Home Sellers alike... Genworth Financial has announced they are not following CMHC's changes in underwriting policy. No word from Canada Guaranty as of yet, but I suspect they too will move forward business as usual...meaning no change to policy. All that said, I do suspect enhanced due diligence by both lenders and insurers as we move forward. For more on this, give my office a shout at 403.242.5547.

Genworth MI Canada Inc. (the " Company ") (TSX: MIC) confirms that it has no plans to change its underwriting policy related to debt service ratio limits, minimum credit score and down payment requirements. One of the Company's competitors announced changes to their internal underwriting guidelines....

06/05/2020

Allow me to take you back two weeks ago when Evan Siddall (CMHC’s President & CEO) was testifying before the House of Commons finance committee. You may have heard the media report a couple of things… 1) Housing prices with fall 9 to 18% 2) CMHC may get increase the down payment requirement to 1...

06/04/2020

HOT OFF THE PRESS!!
CMHC announcement: Effective July 1st, the following underwriting changes will be taking place.

1) Debt to income ratios will now be limited to 35%/42% (instead of the previously allowed 39%/44%.) This represents a drop in qualifying mortgage amount of roughly 10% from what is currently available.

2) Minimum credit score will be increased from 600 (where it is currently at) to 680.

3) Elimination of borrowed down payment programs.

If you are looking to purchase a new home or looking to refinance an existing home, give my office a call at 403.242.5547 to understand what this might mean for you and your family,

05/22/2020

New lower mortgage qualifying rate effective Monday. This is great news for consumers who are looking to get into home ownership today. What does this mean for you? Give us a shout at 403.242.5547 to discuss.

Finally! Canada’s big banks lower their 5-year posted rates from the artificial highs they have been sitting at for months. Higher posted rates serves to bolster Bank profits as consumer choose to liquidate midterm and take advantage of today’s historic low interest rates. But enough about the b...