Deane Thomas Mortgages

Deane Thomas Mortgages Deane Thomas is a Mortgage Broker working at MMG Mortgages (Alberta Brokerage of the Year, 2020 and

The bank of Canada decided to keep Prime Where it is at 4.95% for now.
04/16/2025

The bank of Canada decided to keep Prime Where it is at 4.95% for now.

Here are a few pics from the first fundraiser for Evelyn Foundation with Team MMG. A bunch of toys donated for the drive...
11/01/2022

Here are a few pics from the first fundraiser for Evelyn Foundation with Team MMG. A bunch of toys donated for the drive as well as $500. 😁⁠
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If you would like to donate some toys or money towards the fundraiser, just send me a message! ⁠
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HAPPY HALLOWEEN! I thought I would share some scary stories here, like finding some skeletons in the closet 👀Once these ...
10/31/2022

HAPPY HALLOWEEN! I thought I would share some scary stories here, like finding some skeletons in the closet 👀

Once these “skeletons” surface, they can adversely affect their approval or get them outright declined by the bank.

When it comes to credit, there are many things that can be avoided to ensure your credit score remains as good or better than it was when your loan application was approved.

DO NOT:

Increase your credit limits
Increase your credit card balances
Make large purchases on credit
Apply for personal or pay-day loans
Co-sign for someone else’s loan
Close credit accounts

DO:

Pay all your bills on time
Pay down credit card balances

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Two days ago, the Bank of Canada increased the overnight lending rate by 0.50%. This results in the lenders increasing t...
10/28/2022

Two days ago, the Bank of Canada increased the overnight lending rate by 0.50%. This results in the lenders increasing their prime rate to 5.95%. This increase is the 6th increase since March, but slightly less than the anticipated 0.75% increase we were expecting.

If you have any questions about how this might affect your mortgage, feel free to reach out to me!

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PLEASE SHARE WITH FRIENDS: You might have already noticed in a few pictures that I’m growing a moustache for (It's m...
10/26/2022

PLEASE SHARE WITH FRIENDS: You might have already noticed in a few pictures that I’m growing a moustache for (It's my first one and the wife is not a fan! 😜)⁠
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That particular movement focuses on Men's Health issues in areas such as Mental health and su***de prevention, prostate cancer and testicular cancer – they're taking them all on. However as a dad, and someone who has lost a dad to cancer, it is an important area that needs funding for men, women and especially, kids.⁠
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I've been in touch with a mom named Heather who's child, Evelyn, did not make it so she is continuing the fight in her daughter's name. ⁠
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The children's hospital has child life specialists but all radiation patients get sent to Tom Baker where it is geared for adults so the younger patients don’t get the support they need. The funds go to stocking the Tom Baker ward with comfort and reward items for their paediatric patients. You can either donate to the link in the stories or donate drop iff items such as toys, gift cards and blankets. ⁠

You can donate here: https://donate.owncancer.ca/fundraiser/3602675
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Q&A: When should you contact a mortgage broker?⁠⁠BEFORE you start viewing homes, you need to speak with a Mortgage Broke...
10/24/2022

Q&A: When should you contact a mortgage broker?⁠
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BEFORE you start viewing homes, you need to speak with a Mortgage Broker to get your financing in order. ⁠
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🏡 Why?!⁠
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By meeting together before you buy a home, it allows you to get a better understanding of mortgage guidelines, the home buying process and what you can qualify for. That process narrows down your home-buying process because you're only looking at what you can afford, and you're financially prepared for what will happen.⁠
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Save this for later, or send me a message and let's chat about your mortgage options!⁠
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Refinancing a mortgage means paying off an existing loan and replacing it with a new one. There are many reasons why hom...
10/18/2022

Refinancing a mortgage means paying off an existing loan and replacing it with a new one. There are many reasons why homeowners refinance:

👉🏻 To obtain a lower interest rate
👉🏻 To shorten the term of their mortgage
👉🏻 To convert from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage, or vice versa
👉🏻 To tap into home equity to raise funds to deal with a financial emergency, finance a large purchase, or consolidate debt

Refinancing your mortgage can be a great option as a homeowner. However, there are costs associated with refinancing, which can outweigh any potential savings which is why it's important to chat to a mortgage broker who can discuss the best options for you.

Save this for later, or send me a message and let's chat about your mortgage options!⁠

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COMMON FAQ: “What do lenders assess when I apply for a mortgage?” To purchase a home, the first step is to determine you...
10/14/2022

COMMON FAQ: “What do lenders assess when I apply for a mortgage?” To purchase a home, the first step is to determine your financing. And these are some of the things lenders look at:⁠
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🤑 CREDIT SCORE - Your credit score is a three-digit numerical rating of how reliable you are as a borrower. A score above 680 is most ideal in terms of qualifying for a loan.⁠
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🤑 INCOME + EMPLOYMENT - Lenders will assess your income to determine your ability to make repayments and the size of payment you will be able to manage. They will also look at your employment (and type of employment) to determine if you have a stable source of income. Lenders need to know that your income is consistent. They usually won't consider a stream of income unless it's set to continue for at least 2 more years.⁠
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🤑 DEBT TO INCOME RATIO - Mortgage lenders need to know that you have enough money coming in to cover all of your bills. Your DTI ratio is a percentage that tells lenders how much of your gross monthly income goes to required bills every month. Lastly, they will also review your assets and liabilities to assess your application.⁠
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Save this for later, or send me a message and let's chat about your mortgage options!⁠
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If you want to make changes before the end of your term, you can renegotiate your mortgage contract. This is also known ...
10/04/2022

If you want to make changes before the end of your term, you can renegotiate your mortgage contract. This is also known as breaking your mortgage contract. But this CAN come with some penalties!⁠
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When would this happen? You may want to break your mortgage contract if:⁠
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➡️ interest rates have gone down⁠
➡️ your financial situation has changed⁠
➡️ you want to buy a new home and are planning on moving⁠
➡️ your family situation has changed⁠
➡️ your home no longer meets your needs⁠
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Have questions about penalties? Let's chat!⁠
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Why use a mortgage broker when you have a bank mortgage specialist already?Quite simply: The difference between banks an...
09/29/2022

Why use a mortgage broker when you have a bank mortgage specialist already?

Quite simply: The difference between banks and mortgage brokers is that banks can only offer their own products, while mortgage brokers can present multiple mortgage options.

Other benefits?

⭐️ Easier application process
⭐️ Access to more options
⭐️ Better payment terms
⭐️ Lower interest rates
⭐️ Waived origination fees

If you'd like to chat about what I can do for you, email me at [email protected]⁠

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I can help! ✋🏻The thing is, you simply don't know what you don't know. I recently met with a couple wanting to buy their...
09/23/2022

I can help! ✋🏻

The thing is, you simply don't know what you don't know. I recently met with a couple wanting to buy their first home in Canada. They're new to Canada, haven't established a credit history and weren't even sure 'what they could afford'.

After meeting, they had a better idea about how to move forward and get their dream home!

I'd love to be able to help you get your dream, home, too. Send me a message here or email me at [email protected]

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Address

703 Cranston Avenue SE
Calgary, AB
T3M2J5

Opening Hours

Monday 9am - 8pm
Tuesday 9am - 8pm
Wednesday 9am - 8pm
Thursday 9am - 8pm
Friday 9am - 8pm
Saturday 9am - 8pm
Sunday 9am - 8pm

Telephone

+15875838700

Website

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