Mortgages By Danielle, Mortgage Sisters West

Mortgages By Danielle, Mortgage Sisters West I am so lucky to assist in the purchase of a client's home.

My goal is to get you the best interest rate by having the privilege of dealing with many different lenders.

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08/20/2026

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Need to Buy Before You Sell? Bridge Financing Has You Covered!Navigating the timing between selling your current home an...
07/22/2026

Need to Buy Before You Sell? Bridge Financing Has You Covered!
Navigating the timing between selling your current home and purchasing a new one can be challenging. That's where bridge financing steps in—offering a seamless solution to bridge the gap.

Is Bridge Financing Right for You?

If you're in the process of buying a new home but haven't sold your current one yet, bridge financing could be the perfect solution. It's especially beneficial if:
➡️Your current home is under contract but hasn't closed yet.
➡️ You're facing a tight timeline between closings.
➡️ You want to avoid the hassle of temporary housing.

Contact us today!

At Mortgage Sisters West, we're here to guide you through every step of the mortgage process. Whether you're a first-time homebuyer or looking to upgrade, our team is dedicated to finding the best solutions for you.

The Bank of Canada left the target for its overnight rate unchanged at 2.25% for a sixth consecutive decision in July 20...
07/15/2026

The Bank of Canada left the target for its overnight rate unchanged at 2.25% for a sixth consecutive decision in July 2026, in line with expectations.

The Governing Council noted that Canada's economy has shows signs of improvement in the last months despite being dented by the immediate impact of soaring energy prices from the Middle East conflict. The Council added that it is unlikely that economic growth will be remain at its elevated pace for long. But noted that the sources of expansion are broadening.

Did you know?The overnight lending rate (also called the overnight policy rate) is the interest rate the Bank of Canada ...
07/07/2026

Did you know?

The overnight lending rate (also called the overnight policy rate) is the interest rate the Bank of Canada sets for major financial institutions to borrow and lend money to each other overnight.

Think of it like this:

🏦 Bank of Canada → sets the overnight rate

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🏦 Banks → adjust their prime lending rate

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🏠 Consumers → see changes to:

Variable mortgage rates
Home equity lines of credit (HELOCs)
Lines of credit
Some business loans
For example:

If the Bank of Canada raises the overnight rate from 2.75% to 3.00%, borrowing becomes more expensive for banks.
Banks usually respond by increasing their prime rate (for example, from 4.95% to 5.20%).
Variable-rate mortgages tied to prime will typically increase as well.
The goal is to influence the economy:

Higher overnight rate = borrowing costs more, spending slows, inflation cools.

Lower overnight rate = borrowing costs less, spending increases, helping stimulate the economy.

When you purchase a home, the price you pay for the home is determined by an agreement between yourself the buyer and th...
06/25/2026

When you purchase a home, the price you pay for the home is determined by an agreement between yourself the buyer and the seller of the property. There are some cases in which an appraisal will be required to confirm the value of a home.

A property appraiser is the person who does the appraisal; providing an independent third party perspective to the market value of the property outside of the people within the transaction.
An appraiser uses a few techniques to finding the market value of the property, and each lender has specifications on what the appraisal is to include and what is included in the value of the property, based upon the scope of their lending policies.

Property appraisals can be acquired for a variety of needs such as refinancing, transferring an uninsured mortgage, or during a private sale, and outside of mortgage lending, such as valuing property for inheritance, for relationship separation, for when property has been damaged, during the building stages of a property and so on.

Our goal is to ensure you are prepared through every step of the mortgage process!

📉 Alberta’s Economy Is Slowing… But Opportunities Still ExistHeadlines about economic uncertainty and a slower Alberta e...
06/24/2026

📉 Alberta’s Economy Is Slowing… But Opportunities Still Exist

Headlines about economic uncertainty and a slower Alberta economy can feel unsettling. Rising costs and cautious consumer confidence have many people wondering if they should put their homeownership plans on hold.

The good news? Real estate markets move in cycles, and slower markets often create opportunities for buyers and homeowners to make thoughtful, strategic decisions. Alberta remains one of the most affordable provinces in Canada, and there are mortgage solutions available for every stage of the market.

🏡 Thinking of buying, renewing, or refinancing?
Now is the time to focus on your long-term goals—not the headlines.

✔️ Explore your options
✔️ Understand your mortgage strategy
✔️ Make informed decisions with confidence

A changing economy doesn’t mean putting your dreams on hold—it means having the right plan.

📩 If you have questions about your mortgage or want to discuss your options, we’re here to help.

Mortgage Sisters West
Helping Albertans navigate every market with confidence.

We appreciate you! Have the best weekend!
06/12/2026

We appreciate you! Have the best weekend!

While you are doing your mortgage pre-approval or approval, you might start to feel like the documents requested are exc...
06/05/2026

While you are doing your mortgage pre-approval or approval, you might start to feel like the documents requested are excessive! We agree, it is a LOT of paperwork. However, knowing why these measures are in place can give you peace of mind throughout the process.

FINTRAC (the Financial Transactions and Reports Analysis Centre of Canada) is Canada’s financial intelligence unit and anti-money laundering supervisor. Its purpose is to detect, prevent, and deter money laundering, terrorist financing, sanctions evasion, and other threats to the security of Canada's economy.

🚫 Mortgage Myth: You Need 20% Down to Buy a HomeMany buyers are surprised to learn that you may be able to purchase a ho...
06/03/2026

🚫 Mortgage Myth: You Need 20% Down to Buy a Home

Many buyers are surprised to learn that you may be able to purchase a home with as little as 5% down.

If you’ve been waiting because you thought you needed a huge down payment, it may be worth exploring your options.

Questions about down payments, credit scores, or affordability? I’m happy to help.

Since the Bank of Canada had no change to its policy interest rate at the last announcement, is the variable or the fixe...
05/13/2026

Since the Bank of Canada had no change to its policy interest rate at the last announcement, is the variable or the fixed rate the best fit for you?

Whether you're looking to buy, renew or refinance, give me a call so we can discuss your options.

Hope you enjoy the rest of your day!

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201, 6650 177 Street
Edmonton, AB
T5T4J5

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