Turning Point Financial

Turning Point Financial We are a team of committed mortgage professionals with specialties in residential, commercial, and private mortgage lending.

Whether you’re buying your first home, facing a big decision, or feeling overwhelmed financially; we’ll bring clarity to your situation and help navigate you towards happiness, personal freedom, and financial security. Contact us to day for assistance with all your real estate financing needs.

💸 Your down payment is only part of the cash you need at closing. Closing costs are real, they add up, and most lenders ...
09/02/2026

💸 Your down payment is only part of the cash you need at closing. Closing costs are real, they add up, and most lenders want to see that you have them set aside. For insured mortgages, budget at least 1.5% of the purchase price beyond your down payment.

HERE'S WHAT TO PLAN FOR:
🔍 HOME INSPECTION: $400 to $600. Worth every penny.
📊 APPRAISAL FEE: $300 to $500. Some lenders require it.
⚖️ LEGAL FEES: $1,000 to $2,000 for a lawyer or notary.
🏠 PROPERTY INSURANCE: Mandatory — your lender won't release funds without it.
📋 TITLE INSURANCE: $150 to $400. Protects against fraud, survey errors, and title defects.
🚚 MOVING COSTS: $500 to $3,000 or more.

💡 ALBERTA ADVANTAGE:
Alberta does not have a provincial land transfer tax — a meaningful saving compared to buying in BC or Ontario. This is one of the genuine financial benefits of buying in this province.

Contact us at turningpointfinancial.ca or send us a DM for a personalized closing cost estimate.
https://www.turningpointfinancial.ca/

🏡 Open house season in Red Deer. More inventory, more options, and more time to be deliberate than buyers have had in re...
08/27/2026

🏡 Open house season in Red Deer. More inventory, more options, and more time to be deliberate than buyers have had in recent years.

Red Deer's housing market in 2026 offers something that felt rare for a while — the ability to actually take your time, write conditions, and make a thoughtful decision.

Contact us at turningpointfinancial.ca or send us a DM — get your pre-approval in place before you start attending opens.
https://www.turningpointfinancial.ca/

📊 Fixed or variable? It's one of the most common questions we get — and there's no universal right answer. Here's how ou...
08/26/2026

📊 Fixed or variable? It's one of the most common questions we get — and there's no universal right answer. Here's how our team thinks about it with clients.

🔒 FIXED RATE: Your rate and payment are locked for the full term. Complete predictability. No surprises if the Bank of Canada moves. Best for clients who value certainty or whose peace of mind depends on knowing exactly what the payment will be.

Watch for: Fixed rates typically start higher than variable. Breaking a fixed mortgage early can result in a very large Interest Rate Differential penalty — sometimes tens of thousands of dollars.

📈 VARIABLE RATE: Your rate moves with the Bank of Canada's prime rate. Currently, the BoC overnight rate is 2.25% and the prime rate is 4.45%. Best for clients with cash flow flexibility who won't be rattled by potential payment adjustments.

Watch for: Payments can increase if rates rise. Budget accordingly.

HOW WE HELP:
We don't have a preferred answer. We spend time understanding your income, your plans, your risk tolerance, and your timeline — then we recommend what genuinely fits.

The next Bank of Canada announcement is September 2, 2026.

Contact us at turningpointfinancial.ca or send us a DM — let's talk through your situation.
https://www.turningpointfinancial.ca/

💻 The home search. The late-night listing scroll. The growing list of must-haves and neighbourhoods.The buyers who move ...
08/20/2026

💻 The home search. The late-night listing scroll. The growing list of must-haves and neighbourhoods.

The buyers who move with the most confidence are the ones who got pre-approved first. They know their budget, their rate is held, and when the right property comes up — they're ready to move.

Contact us at turningpointfinancial.ca or send us a DM before you start shopping.
https://www.turningpointfinancial.ca/

🏠 Pre-approval is the single most important step you can take before you start seriously searching for a home. Here's wh...
08/19/2026

🏠 Pre-approval is the single most important step you can take before you start seriously searching for a home. Here's what it actually does — and what it doesn't.

✅ A CLEAR BUDGET: You'll know exactly how much you can borrow based on your actual income, debts, and down payment.

✅ A RATE HOLD: Most lenders hold your rate for 90 to 120 days. If rates rise while you're searching, you're protected.

✅ EARLY PROBLEM DETECTION: Pre-approval surfaces issues — credit errors, documentation gaps — before you're under the pressure of an accepted offer.

✅ CREDIBILITY WITH SELLERS: In Red Deer's market, where well-priced homes in the $300K to $500K range are moving quickly and sale-to-list ratios sit around 98%, being pre-approved signals you're a serious buyer who can close.

WHAT A PRE-APPROVAL IS NOT:
A guaranteed mortgage. Final approval depends on the specific property and your updated financials at time of offer. But it puts you in the strongest possible position to move confidently.

Contact us at turningpointfinancial.ca or send us a DM to get your pre-approval started.
https://www.turningpointfinancial.ca/

🏡 A Red Deer neighbourhood in summer. Wide streets, established homes, and the kind of community feel that keeps people ...
08/13/2026

🏡 A Red Deer neighbourhood in summer. Wide streets, established homes, and the kind of community feel that keeps people here for decades.

With average detached home prices around $485,000 in 2026, Red Deer continues to offer genuine value relative to Calgary and Edmonton — without sacrificing quality of life.

Contact us at turningpointfinancial.ca or send us a DM.
https://www.turningpointfinancial.ca/

🤔 Your bank said no. Or they said yes but the terms felt off. Or you signed a renewal without shopping around and someth...
08/12/2026

🤔 Your bank said no. Or they said yes but the terms felt off. Or you signed a renewal without shopping around and something is nagging at you.

Getting a second opinion on your mortgage costs you nothing — and can change everything.

THE DECLINED FILE THAT SHOULDN'T HAVE BEEN:
Banks have one set of products and one set of guidelines. When a file doesn't fit neatly, the answer is often no — even when a solution exists. We regularly help clients who were told they couldn't qualify, and find a path that works.

THE RENEWAL THAT COULD HAVE BEEN BETTER:
The renewal letter from your existing lender is almost never their best offer. A second look at the market before you sign can save thousands over your next term.

THE PLAN THAT NEEDS TO BE BUILT:
Sometimes clients aren't ready to qualify today. But "not today" doesn't mean never. We can look at your situation and build a 6 to 12 month roadmap that gets you where you want to be.

Our team lead Arlene has nearly 40 years of experience — on both the lender side and the broker side of the desk. That dual perspective means we understand exactly how lenders think and exactly where the opportunities are.

Contact us at turningpointfinancial.ca or send us a DM — a second opinion is always free.
https://www.turningpointfinancial.ca/

🌊 Bower Ponds. One of Red Deer's favourite gathering spots — and a reminder of what a genuinely livable city this is.Red...
08/06/2026

🌊 Bower Ponds. One of Red Deer's favourite gathering spots — and a reminder of what a genuinely livable city this is.

Red Deer sits at the geographic midpoint between Calgary and Edmonton, with a quality of life and housing affordability that continues to attract families and professionals from across Central Alberta.

💬 What's your favourite thing about living in Red Deer? Drop it below 👇

Contact us at turningpointfinancial.ca or send us a DM.
https://www.turningpointfinancial.ca/

📈 Ready to grow your wealth through real estate? Together, we can craft a mortgage strategy that builds your portfolio w...
07/30/2026

📈 Ready to grow your wealth through real estate? Together, we can craft a mortgage strategy that builds your portfolio while maximizing your financial freedom.

🏘️ Did you know investment properties in Alberta usually require a minimum 20% down payment? That’s an important factor when planning your next move.

💡 Here’s how I help:
1️⃣ Assess your current financial landscape and investment goals
2️⃣ Explore flexible mortgage options with access to multiple lenders — banks don’t have this variety!
3️⃣ Provide clear advice so you can confidently choose the best path forward

🔢 Plus, rental income is typically considered at 50-80% by lenders when calculating your debt-service ratios — a crucial detail to leverage your investments smartly.

🌟 As your mortgage professional for life, I’m here to guide you through every step, ensuring your mortgage works for you, not the other way around.

📞 Reach out anytime — I’d love to help you unlock the potential of real estate investing in Alberta’s market.
https://www.turningpointfinancial.ca/

Address

Red Deer, AB
T4P0M4

Opening Hours

Monday 8am - 6pm
Tuesday 8am - 6pm
Wednesday 8am - 6pm
Thursday 8am - 6pm
Friday 8am - 6pm
Saturday 10am - 6pm
Sunday 8am - 3pm

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