Jessica Rooney - Calgary Mortgage Broker

03/27/2020

Another cut to the key interest rate!

The Bank of Canada cut its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement Friday.

03/19/2020

APPLYING FOR EI FINANCIAL SUPPORT APPLICATION INSTRUCTIONS:
· Scenario 1 – You are under isolation or quarantine: Apply to EI NOW as SICK BENEFITS.
· Scenario 2 – You are laid off from work due to shortage of work due to Covid – 19 – Apply for EI NOW under Regular EI benefits – Shortage of Work
· Scenario 3 – You are laid off from work due to your place of business closing due to Covid -19 – Apply for EI NOW under Regular EI Benefits – Involuntary Leave
· Scenario 4- You are NOT ELIGIBLE for EI benefits but want to apply for the new Package announced for those not eligible for EI – you must wait until this passes the House of Commons – which should be by April and applications and money will flow by May. You will be given application instructions once the applications are approved for production.
Employers: Please Issue your ROE’s NOW so that EI applications can move swiftly.
Questions about Covid EI?
Call 1 833 381 2725
For all general questions you must call
1 800 206 7218
There is typically a 2 – 4 hour wait time to speak to an agent. Please exercise patience and compassion for the operator on the phone who likely has not taken a break all day trying to help as many people as they can.
Wishing you all the best during this challenging time!

03/17/2020

If you have been impacted by COVID-19 and want to discuss your options regarding skipping or deferring mortgage payments, below is a list of customer service contact numbers

** As always feel free to contact me with any questions you have 403-966-0045 [email protected] **

03/13/2020

BoC just did an emergency 50 bps rate cut due to COVID-19

https://business.financialpost.com/news/economy/bank-of-canada-lower-interest-rate-read-the-official-statement?fbclid=IwAR2HCAYmI0SQLZBCITaK6F5fV-vl21LGJ39tM6FUej8jGj31YgUskMLZxQk

06/18/2019

The recent release of the governments new "First Time Home Buyers Incentive Program" seems to be inciting more skepticism than praise from industry professionals.

A mortgage broker said he is struggling to figure out who is the ideal user of the program because it allows a lower maximum mortgage level than if a borrower were to simply apply for a standard mortgage

03/31/2017

Shopping for a home? Even if you haven’t found “the one” yet, getting a pre-approved mortgage amount will help you have a good price range in mind and narrow your search down to a specific home type, size or neighbourhood. http://ow.ly/DSiq30ae0hC

01/24/2017

The cost of purchasing a home with less than 20% downpayment is going up on March 17th. If you have questions on how this will impact you don't hesitate to contact me 403.966.0045 [email protected]

01/17/2017

Here we go again! the cost to purchase a home with less than 20% down is increasing!

https://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-01-17-0830.cfm?utm_source=facebook-main&utm_medium=link&utm_campaign=mli

January 17, 2017