Jenn Slater Mortgage Associate

Jenn Slater Mortgage Associate I help people across Saskatchewan find the best mortgage product for their unique needs.

Where your down payment comes from matters more than you might think. 🏡💰When you’re preparing to buy a home, having the ...
09/03/2026

Where your down payment comes from matters more than you might think. 🏡💰

When you’re preparing to buy a home, having the down payment is only part of the equation. Your lender also needs to understand where that money came from.

Why? Your down payment can affect both your mortgage approval and how your overall application is assessed.
Depending on the situation, lenders may need documentation showing:

🏦 Personal savings and the history of those funds
🎁 Gifted funds from an immediate family member, including a signed gift letter
💳 Borrowed funds, which may need to be included when calculating your debt service ratios

Your down payment also helps determine your loan-to-value ratio (LTV), which is an important part of how lenders assess the mortgage and their level of risk.

The key is to plan. Knowing what documentation will be required can make the financing process much smoother when you’re ready to make an offer.

Thinking about buying? Let’s talk about your down payment strategy before you start house hunting.

Jenn Slater | Mortgage Associate
☎️ 306-220-9622
📧 [email protected]

The mortgage stress test sounds intimidating. It doesn’t have to be. 🏡If you’re planning to buy a home, understanding th...
08/31/2026

The mortgage stress test sounds intimidating. It doesn’t have to be. 🏡

If you’re planning to buy a home, understanding the mortgage stress test is an important part of knowing how much you can actually qualify for.

In Canada, borrowers generally need to qualify at the higher of:
🔑 5.25%
OR
🔑 Your offered mortgage rate + 2%

So, if you’re offered a mortgage rate of 4.5%, you would need to demonstrate that you could afford the mortgage at 6.5%.
Why? The stress test is designed to ensure you can continue making your mortgage payments if interest rates rise in the future.

And it can directly affect how much home you can afford.
Your income, existing debts, down payment, and overall financial picture all play a role in determining how much of a mortgage you can qualify for.

The good news? Understanding these numbers before you start shopping can help you set a realistic budget and avoid surprises when you find the right home.

Thinking about buying? Let’s run the numbers and see what you could comfortably qualify for.

Jenn Slater | Mortgage Associate
📱 306-220-9622
📧 [email protected]

Thinking about buying a vacation property or rental? 🏡🌲Financing a second property can look very different from financin...
08/27/2026

Thinking about buying a vacation property or rental? 🏡🌲

Financing a second property can look very different from financing your primary residence.

Before you start searching for that lake property, cabin, condo or income property, here are a few things lenders will be looking at:

🔹 Your down payment
Vacation properties may require as little as 5–10% down depending on the property, while rental properties typically require at least 20%.
🔹 The property itself
Year-round access, utilities, condition, zoning and whether the property is winterized can all affect your financing options.
🔹 Potential rental income
For long-term rentals, some lenders may use a portion of the expected rental income to help you qualify. Short-term rental income can be treated differently.
🔹 Your existing debt
Lenders will look at how the new mortgage fits alongside your current mortgage and other financial obligations.
🔹 Your overall financial strength
Credit, employment stability and your ability to carry the property during vacancies or fluctuations in rental income all matter.
The right financing strategy can depend heavily on how you plan to use the property and what you’re buying.

Considering a vacation home or investment property? Send me a message and let’s look at your financing options before you start shopping.

Jenn Slater | Mortgage Associate
📱 306-220-9622
📧 [email protected]

🏡 Saskatoon’s housing market is still competitive, and preparation matters.July brought 539 residential sales in Saskato...
08/11/2026

🏡 Saskatoon’s housing market is still competitive, and preparation matters.

July brought 539 residential sales in Saskatoon. While that’s down 11% compared to last July, sales remained 18% above the 10-year average, showing that buyer demand is still very much present.

Here’s what stood out in the July numbers:
🏠 539 residential sales
📋 793 new listings
🔑 928 properties in inventory
📊 1.72 months of supply
💰 $447,600 residential benchmark price, up 3.6% year-over-year

For buyers, these numbers reinforce an important point: getting your financing organized before you start seriously shopping can give you an advantage.

With inventory still well below historical averages, you may not have weeks to figure out financing once the right home appears. Knowing your budget, having your documents ready and understanding your mortgage options can help you move forward with confidence.

📲 Planning to buy in Saskatoon? Let’s get your financing in place before you find the home you want.

Jenn Slater
Mortgage Associate
📞 306-220-9622
📧 [email protected]

08/05/2026

🏡💔 Separating? Don’t Overlook the Mortgage Details.

When a couple owns a property together and decides to separate, a separation agreement is an important part of the process.
📄 Your agreement should clearly outline:

✅ Any equalization payment if one spouse is buying out the other
✅ How proceeds will be divided if the property is being sold
✅ Any child support obligations
✅ Any spousal support arrangements

These details don’t just affect the legal side of things. They can also impact mortgage qualification and future financing options.
Every situation is unique, and understanding your options early can help make the transition smoother and less stressful.

📲 If you’re navigating a separation and have questions about your mortgage, refinancing, or buying out a spouse, reach out anytime. I’m here to help you understand your options and guide you through the process.

Jenn Slater
Mortgage Associate
☎️ 306-220-9622
📧 [email protected]

Refinancing MortgageSolutions SaskatchewanRealEstate YXERealEstate MortgageExpert

08/01/2026

🏡 Buying a home? Your mortgage is about more than just the interest rate.

A mortgage is one of the biggest financial commitments you’ll ever make, so it’s worth understanding your options before you sign on the dotted line.

Here are a few questions every homebuyer should ask:
✔️ Is a fixed or variable rate the better fit for me?
✔️ How long of a mortgage term makes sense?
✔️ What prepayment options are available?
✔️ What penalties could I face if my plans change?
✔️ Does the lowest rate actually offer the best overall value?

The right mortgage should fit your life, your goals, and your future plans, not just today’s interest rate.

Taking the time to understand how mortgage financing works can help you avoid costly surprises and make confident decisions when it’s time to buy or renew.

📲 Thinking about buying your first home, renewing, refinancing, or simply exploring your options? Let’s chat! I’d be happy to answer your questions and help you find a mortgage solution that’s right for you.

Jenn Slater
Mortgage Associate
☎️ 306-220-9622
📧 [email protected]

07/30/2026

💳 No credit history? Everyone starts somewhere.

Building good credit doesn’t happen overnight, but taking the right first step today can make a big difference when you’re ready to buy a home.

Here are a few smart ways to get started:

✅ Open a secured credit card
✅ Use it for everyday purchases you can pay off each month
✅ Make every payment on time
✅ Choose accounts that report to both Equifax and TransUnion
✅ Be patient because strong credit is built over time

If homeownership is part of your future, establishing healthy credit now can help put you in a stronger position when it’s time to apply for a mortgage. Most mortgage lenders want to see a solid history of responsible credit use before approving financing.

📲 Not sure where to begin? I’d be happy to help you build a plan that sets you up for mortgage success. Reach out today and let’s get started!

Jenn Slater
Mortgage Associate
☎️ 306-220-9622
📧 [email protected]

07/28/2026

🏡💰 Thinking About Buying a Rental Property? Here’s Something You Should Know!

One of the biggest challenges for investors is qualifying for a mortgage on a rental property. In many cases, lenders will allow you to use rental income to help qualify. 📈

But what if you don’t have tenants or a lease agreement in place yet? 🤔

That’s where a Market Rents Letter can help! ✅
An appraiser will assess:

🏠 The property itself
📍 The location and neighbourhood
📏 Square footage and features
💵 Average rental rates in the area

This report provides an estimated market rent that lenders can use when reviewing your mortgage application.

Whether you’re purchasing your first rental property or adding to your investment portfolio, understanding your financing options can make all the difference.

📲 Thinking about investing in real estate? Let’s chat about your options and create a mortgage strategy that works for your goals!
Jenn Slater

Mortgage Associate
☎️ 306-220-9622
📧 [email protected]

RealEstateInvestor PassiveIncome PropertyInvestment SaskatchewanRealEstate YXERealEstate

07/22/2026

🚜 Buying an acreage? Don’t overlook the outbuildings! 🏡

That dream acreage might come with a large shop, barn, garage, or other outbuildings, but here’s something many buyers don’t realize...

💡 Those structures are often not included in the assessed value of the home and land.
Before you write an offer, it’s important to understand:

✔️ How those buildings are being valued
✔️ Whether they’ll impact your financing
✔️ What questions you should be asking before you commit

A beautiful shop or impressive outbuilding can add incredible value to your lifestyle, but it’s important to know how your lender will view it before moving forward.

If you’re thinking about buying an acreage, I’d be happy to help you understand what to look for and connect you with the right professionals along the way.

📲 Reach out anytime. Let’s make sure you’re making an informed decision from day one!

Jenn Slater
Mortgage Associate
☎️ 306-220-9622
📧 [email protected]

Address

200-203 Stonebridge Boulevard
Saskatoon, SK
S7T0G3

Telephone

+13062209622

Website

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