Mortgages by Erica

08/21/2020

This means the rate in which you now have to “qualify” for a mortgage at; dropped. Which means your purchasing power will slightly increase! 🙌

Reach out for a current pre-approval.

08/06/2020

The St. Albert market has been busy! 🙌

Read the full story and comment on StAlbertToday.ca

06/10/2020

Lease rates up, vacancies down as RioCan, Morguard stake out sites in Alberta’s capital

06/06/2020

CMHC made an announcement that may affect you if you’re planning to PURCHASE.

Reach out if you have questions.

05/26/2020

Looking for a pre-approval based on this new rate?

Contact me and I will send you my cool APP to run some quick numbers.

Or DM me to book an online appointment.

05/22/2020

Saving for a down payment is hard work.

If you have been saving with the impression that you only need 5% down payment...take note.

04/27/2020

Check out my mortgage app!

Or share it with someone you know that may be purchasing, renewing or refinancing.

It includes everything you need to estimate your homeownership costs. You can calculate mortgage scenarios, get pre-qualified, browse thousands of rates, stress test, land transfer taxes, closing costs and so much more.

Download My Mortgage Toolbox and get access to all premium tools to help plan your mortgage.

03/31/2020

03/30/2020

Stay up to date with all the information you need to know about COVID-19 and your mortgage. Download my APP; and click on the Covid-19 tool.

Download My Mortgage Toolbox and get access to all premium tools to help plan your mortgage.

03/20/2020

In the last 48 hours, many banks and mortgage lenders, in partnership with our mortgage insurers, have announced they will work to support and assist individuals whose income has been impacted by the COVID-19 outbreak. This is tremendously comforting to those individuals who will find themselves in financial hardship as a result of income reduction or cessation due to quarantine or business challenges. It is important to note however, that these supports are provided by the lenders who offer them on a case-by-case basis, and individual borrowers’ circumstances will determine their respective eligibility.

Industry members are reporting that some Canadians have incorrectly interpreted media reporting of these programs as providing a payment amnesty or loan forgiveness for a time, regardless of their current financial circumstances. Lenders are becoming inundated with calls from borrowers asking for assistance who have not been directly financially impacted by crisis.

PLEASE
PLEASE
PLEASE...

ONLY call your lender if you are in a dire situation at this point. You will then be screened to see if you “qualify” for the deferred payment(s). The lenders are backed up and we need to keep them open for serious situations...not inquiries at this point.

Call me; if you have any questions, and we can plan accordingly.

03/19/2020

On Wednesday, Prime Minister Justin Trudeau announced a $27 billion package aimed at supporting Canadians whose ability to work was affected by the COVID-19 pandemic. Here's an explanation of what those services will look like, and how you can apply for them.