Claudia Cannon, Mortgage Architects

Claudia Cannon, Mortgage Architects Don't just dream it - finance it! Guiding you home, with your mortgage on my mind every step of the way.

Bank of Canada Update: What You Actually Need to Know!You’ve likely seen the 2.75% interest rate in the news today… but ...
03/12/2025

Bank of Canada Update: What You Actually Need to Know!

You’ve likely seen the 2.75% interest rate in the news today… but let’s clear up some confusion right now ⬇️

🚨 That 2.75% is NOT the rate you'll pay on your mortgage! 🚨
That figure represents the overnight lending rate – the rate at which banks lend to each other, not the rate offered to consumers for mortgages.

So, what does this mean for you? 👇
✔️ The new prime rate is now 4.95%, which affects variable and adjustable-rate mortgages. ✔️ Fixed mortgage rates? NO CHANGE. These are tied to the bond market, not the Bank of Canada's rate decisions.

If you have a fixed-rate mortgage, today’s announcement won’t impact your payments. If you have a variable or adjustable-rate mortgage, your interest costs might change.

Still feeling unsure? You're not alone! Reach out, and I'll help you understand the details. 💬📩

Claudia Cannon
📞 780.292.2911
📧 [email protected]
📍 Servicing Alberta

🏡✨ Don't let the end of the school year catch you off guard! With summer just around the corner, NOW is the perfect time...
05/29/2024

🏡✨ Don't let the end of the school year catch you off guard! With summer just around the corner, NOW is the perfect time to start your house hunt! 🌞📚 Whether you're looking for more space for the kids to grow, a backyard for summer fun, or a change of scenery, I'm here to help you find the perfect home sweet home before the next school year starts! 🎒✨ Let's make your homeownership dreams a reality. Contact me today to get started!

Claudia Cannon - Mortgage Architects
[email protected]
780.292.2911

This is a hot topic these days... ♨️Last week, we saw an increase of 100 basis points in Prime. For those of you who don...
08/02/2022

This is a hot topic these days... ♨️

Last week, we saw an increase of 100 basis points in Prime. For those of you who don't know what a basis point is, that means ONE whole percent ❗

So now, Prime is currently sitting at 4.70%, the highest it's been for a long time. Keep in mind, we were incredibly spoiled to have such low rates for almost a decade.

You might be wondering what will happen with rates going forward…
The answer is 🤷

Really, no one knows (except the Bank of Canada of course). Some economist devote their lives too forecasting interest rates & recessions. 🔮 But the truth is, there is no way to predict this kind of stuff - We just have to roll with the punches. 👊

That said, it’s my job to coach you through the highs and lows, present you with options, so that you can make an informed decision on what works best for you. ✅

If you want to talk rates - Please call me, I love this part of my job & can't wait to chat! ☎️

☎️ 780-292-2911
📩 [email protected]
🌐 cannonmortgages.ca

Did you know you don't have to book an in person appointment to get pre-approved? 👨 💻Call me today, I'll send you an on...
08/01/2022

Did you know you don't have to book an in person appointment to get pre-approved? 👨 💻

Call me today, I'll send you an online application link & let you know which documents I need to complete my review. 🔗

Once complete, I can let you know what your max purchase price is based on your current situation. 🏠

I can't wait to get started ~ Call me today! 📲

☎️ 780-292-2911
📩 [email protected]
🌐 cannonmortgages.ca

If you haven't downloaded this free app yet... well, you're missing out!💥 Access to recent interest rates💥 Free mortgage...
07/29/2022

If you haven't downloaded this free app yet... well, you're missing out!

💥 Access to recent interest rates
💥 Free mortgage calculators, including a Stress Test Calculator
💥 Estimate your closing cost
💥 Compare scenarios side-by-side
💥 BEST OF ALL... Get pre-qualified in under 1 minute!

You can download here t.ly/pL83 right now... for FREE! 🤑

There can be many reasons someone is decline by a lender for financing, but here are a few examples. 🙅♂️As a mortgage ex...
07/28/2022

There can be many reasons someone is decline by a lender for financing, but here are a few examples. 🙅♂️

As a mortgage expert, it's my job to coach you and explain why you were declined - so we can work towards a short or long term solution.

It's important to remember that every mortgage professional is skilled in different ways, so I might just have the right trick up my sleeve to get you approved right now. 🪄

If not, I'll at least take the time to explain how we can get there in the future.

Have you been recently declined? ❌
Let's chat! 📲
I can offer you a free comparison review!

☎️ 780-292-2911
📩 [email protected]
🌐 cannonmortgages.ca

Does this nice weather have you dreaming about a dreamy backyard? 💭What's your ideal backyard?✨ Maintenance Free✨ A pool...
07/26/2022

Does this nice weather have you dreaming about a dreamy backyard? 💭

What's your ideal backyard?
✨ Maintenance Free
✨ A pool to cool off in
✨ A yard for the dog / kids to play
✨ Beautiful garden
✨ Outdoor kitchen

Am I missing anything? Comment below!

☎️ 780-292-2911
📩 [email protected]
🌐 cannonmortgages.ca

Many Canadians have a “keeping up with the Jones’” mentality. 👯The best way to budget and save money is to make a goal, ...
07/25/2022

Many Canadians have a “keeping up with the Jones’” mentality. 👯

The best way to budget and save money is to make a goal, stick to it and save for it cash. 💰

Yes, this isn’t always possible for large purchases like vehicles & homes, but it is a great goal to have to save up for things you want vs. What you need. 🙃

☎️ 780-292-2911
📩 [email protected]
🌐 cannonmortgages.ca

Everyone seems to be worried about the recent rate increase, a whole percent - I agree, it's a bit much. That said, owni...
07/22/2022

Everyone seems to be worried about the recent rate increase, a whole percent - I agree, it's a bit much. That said, owning a home still has its advantages. 🏠

This scenario is based on a purchase price of $650,000 with a 10% down payment. There is a difference of $320/m in your payment from the recent 1% prime increase (variable rates only). That can seem like a lot, but it's nothing compared to a rent a potential rent increase if you had to move right now 🧳

Also, even though rates are going up, you're still paying off your home. With rent, you'll have a similar or greater monthly expenses, but you'll be filling your landlords pockets with cash instead of building your own equity. 💸

If you're interested in seeing if you can qualify for your own home, message me now! We'll get started right away.

☎️ 780-292-2911
📩 [email protected]
🌐 cannonmortgages.ca

Home prices have been on the rise for quite a few years now, making it harder & harder to save for a down payment 💰Here ...
07/21/2022

Home prices have been on the rise for quite a few years now, making it harder & harder to save for a down payment 💰

Here are a few tips to help you save for your first home 🏡

✨ Review your expenses & create a budget
✨ Decrease your expenses and put the surplus into a separate account
✨ Sell big ticket items associated with a monthly payment obligation & increase cashflow

☎️ 780-292-2911
📩 [email protected]
🌐 cannonmortgages.ca

Address

Saint Albert, AB
T8N0P5

Telephone

+17802922911

Website

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