PEI Mortgage Team- Premiere Mortgage Centre

PEI Mortgage Team- Premiere Mortgage Centre Whether you’re borrowing for your first home, switching your mortgage or refinancing, we can help. It costs nothing to speak with us! Call me today.

Whether you’re borrowing for your first home, switching your mortgage or refinancing, get expert advice when, where and how you want it.

09/02/2026

The Bank of Canada announced today that it is holding its key policy rate steady at 2.25% (this is not the current interest rate available for mortgages, just the interest rate the bank of Canada lends money at).

Here’s what today’s announcement means for your mortgage:

If you have a fixed-rate mortgage: Your existing interest rate and payment are not affected.
If you have a variable-rate mortgage or Home Equity Line of Credit: There is no change following today’s announcement, so your rate and payment will remain the same.

The Bank of Canada’s next two scheduled rate announcements are:

Wednesday, October 28, 2026
Wednesday, December 9, 2026

Whether your mortgage is coming up for renewal, you’re considering refinancing, or you simply want to confirm that your current mortgage is still working well for you, please feel free to reach out. We’re always happy to review your options and answer any questions.

Christine and Jordan - PEI Mortgage team

06/09/2026

🏡 "How much income do I need to buy a $500,000 home?"

It's one of the more common questions I get...and the answer is:

👉 It depends.

Your qualifying income isn't based on the home price alone. Lenders also look at:

✔️ Your down payment
✔️ Existing debts (car loans, credit cards, student loans, etc.)
✔️ Property taxes and heating costs
✔️ Condo fees (if applicable)
✔️ Your credit profile
✔️ Current mortgage rates

As a very rough guideline, many buyers purchasing around $500,000 may need a household income somewhere in the range of $100,000–$130,000+, depending on their overall financial situation.

The good news? I've seen buyers qualify for more than they expected as we work together to discover ways to improve their approval amount before they start house hunting.

Before falling in love with a home online, it's worth taking 10 minutes to find out what your numbers actually look like.

📩 Have questions about your buying power? Send me a message and I'd be happy to help you understand your options.

Your mortgage, your choice.

FIXED or VARIABLE? 🏡One of the most common mortgage questions I get… and there’s no one-size-fits-all answer.✔️ Want pre...
05/25/2026

FIXED or VARIABLE? 🏡

One of the most common mortgage questions I get… and there’s no one-size-fits-all answer.

✔️ Want predictable payments and stability? Fixed may be worth exploring.

✔️ Comfortable with some fluctuation and looking for flexibility? Variable might fit your strategy.

Your mortgage should fit YOUR goals, YOUR comfort level, and YOUR plans.

Thinking about buying, renewing, or refinancing? I’d be happy to walk through the pros, cons, and what makes the most sense for your situation.

📞 902-303-5996
📧 [email protected]

PEI Mortgage Team | Premiere Mortgage Centre

Thinking about getting pre-approved online but not sure what happens next?Here’s a quick breakdown of what the mortgage ...
05/08/2026

Thinking about getting pre-approved online but not sure what happens next?

Here’s a quick breakdown of what the mortgage pre-approval process looks like from start to finish 👇

A pre-approval is more than just a number .. it’s a chance to review your goals, explore different options, and understand what fits comfortably into your budget before you start house shopping.

Sometimes we’ll provide multiple scenarios depending on your goals, such as different purchase prices, down payments, amortizations, or payment options so you can make an informed decision with confidence.

Have questions about the process or wondering where to start? I’m always happy to help.

🏡 Thinking about buying a home this year? Here’s something most people don’t realize…Getting pre-approved isn’t just abo...
05/04/2026

🏡 Thinking about buying a home this year? Here’s something most people don’t realize…

Getting pre-approved isn’t just about finding out if you qualify — it’s about understanding your full financial picture before you start shopping.

A solid pre-approval should give you:
✔️ A realistic purchase price range
✔️ An estimate of your monthly payments
✔️ Clarity on your down payment options
✔️ A breakdown of closing costs
✔️ Confidence when you’re ready to make an offer

And just as important ... it helps avoid surprises after you fall in love with a home.

Every situation is different, and the right strategy can make a big difference in what’s possible.

If you’re even thinking about buying, I’m always happy to run numbers and walk through your options. No pressure, just a plan.

📩Email me anytime! [email protected]

The Bank of Canada has held the overnight rate.What does that mean for you?👉 Variable rates remain unchanged👉 Fixed rate...
04/29/2026

The Bank of Canada has held the overnight rate.

What does that mean for you?

👉 Variable rates remain unchanged
👉 Fixed rates may still fluctuate based on bond markets
👉 No immediate impact to your current mortgage payments if you're variable

If you’ve been waiting to see what happens next, this gives us a bit more stability—but strategy still matters.

Whether you're:
✔️ Buying
✔️ Renewing
✔️ Reviewing your current mortgage

I’m always here to walk through your options and make sure you’re set up the right way for your situation.

📩 Message me anytime or book here: https://calendly.com/christine-milley

— Christine
PEI Mortgage Team | Premiere Mortgage

At Mortgage Professionals Canada today in Halifax 🇨🇦 Always investing in learning, building lender relationships, and s...
04/27/2026

At Mortgage Professionals Canada today in Halifax 🇨🇦

Always investing in learning, building lender relationships, and staying ahead of what’s changing so I can bring better strategies and options back to my clients.

Excited to bring all of this back and put it to work for you 🤍

Thinking about checking out some open houses this weekend? 🏡Here are a few places to start 👇👉 Open Houses in PEI (All Ar...
04/24/2026

Thinking about checking out some open houses this weekend? 🏡

Here are a few places to start 👇

👉 Open Houses in PEI (All Areas) https://www.realtor.ca/pe/greater-charlottetown/open-houses

👉 Open Houses in Charlottetown
https://www.realtor.ca/pe/charlottetown/open-houses

👉 Open Houses in Summerside
https://www.realtor.ca/pe/summerside/open-houses

👉 Open Houses in Prince County
https://www.realtor.ca/pe/prince-county/open-houses

There are dozens of open houses happening across PEI this weekend, with options at a variety of price points and locations.

Before you go, here are 3 things that make a big difference:

✔️ Know your budget
✔️ Understand your payments
✔️ Have a pre-approval in place

It makes walking through homes feel a lot more clear (and way less overwhelming).

Breaking a mortgage early? Here’s how penalties are usually calculated 👇There are typically two ways a penalty is calcul...
04/22/2026

Breaking a mortgage early? Here’s how penalties are usually calculated 👇

There are typically two ways a penalty is calculated:

1. 3 Months Interest
This is the simpler one.
👉 It’s exactly what it sounds like — 3 months of interest on your current balance.

2. IRD (Interest Rate Differential)
This is the one that surprises people.

👉 It’s based on:
• Your current rate
• The lender’s current rates
• Time remaining on your term
• Your mortgage balance

👉 If your rate is higher than today’s rates, the penalty can be significantly higher than 3 months interest

Important:
You don’t get to choose which one applies — the lender will charge whichever is higher if you are in a fixed rate.

Why this matters:
I always review this before recommending a refinance or breaking a mortgage. Sometimes it makes sense… sometimes it doesn’t.

If you’re thinking about making a move, I can run the numbers for you and help you decide if it’s worth it 🤍

What do you feel is the biggest barrier to buying right now?• Down payment• Monthly payments• Credit• Not sure where to ...
04/20/2026

What do you feel is the biggest barrier to buying right now?

• Down payment
• Monthly payments
• Credit
• Not sure where to start

Or something else?

I’m curious.. and I can help you put a strategy together these.

Address

75 Fitzroy Street Suite 208
Charlottetown, PE
C1A1R6

Opening Hours

Monday 9:30am - 6pm
Tuesday 9:30am - 6pm
Wednesday 10am - 6pm
Thursday 10am - 6pm
Friday 9:30am - 5pm

Telephone

+19023035996

Website

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