Debbie Reed-Mortgage Associate

Debbie Reed-Mortgage Associate Ready to buy, refinance or renew? I can help.

Planning for 2026This year does not need to be perfect to be productive. Set realistic goals, stay flexible, and build a...
01/06/2026

Planning for 2026

This year does not need to be perfect to be productive. Set realistic goals, stay flexible, and build a plan that supports your life. If home financing is part of that plan, guidance is always available.

02/12/2025

“The best way to predict your future is to create it” - Abraham Lincoln

How does this apply to your Credit Score? Taking the right steps towards improving your credit score is one step closer to creating your future and getting approved for your mortgage.

TIPS TO IMPROVE YOUR CREDIT SCORE BEFORE APPLYING FOR A MORTGAGE:

- PAY BILLS ON TIME. Payment history is a significant factor in determining your credit score. Consider setting up automatic payments to help you stay organized.

- REDUCE CREDIT CARD/CREDIT LINE BALANCES. Aim to keep your balances low - ideally you should use less than 30% of your available credit limit. If your balances
are high, work towards paying them down as much as possible. This can positively impact your debt-to-credit ratio.

- MAINTAIN A MIX OF CREDIT. Having a diverse credit portfolio can demonstrate responsible credit management. It’s beneficial to have a mix of credit types, such as loans, credit cards, and lines of credit. ** Be cautious about applying for new credit accounts close to the time of applying for your mortgage. Multiple credit inquiries can lower your credit score.

- MONITOR YOUR CREDIT REPORT. Regularly review your credit score for errors or discrepancies. You can obtain a free report from Equifax or Transunion.

- BUILD A POSITIVE CREDIT HISTORY. Establishing a solid credit history is crucial for a good credit score. If you’re new to credit or have limited credit, consider obtaining a secured credit card or a credit building loan. Make small, regular purchases and pay them off in full and on time. This demonstrates responsible credit behaviour and can help boost your credit score over time.

Send me a text if you have any questions
306-229-9392

01/14/2025

Looking to help more families achieve their homeownership dreams! If you know anyone who needs mortgage advice or assistance, I’d appreciate your referrals. Let’s make their journey smooth and successful together.

Reach out by phone or text 306-229-9392

Visit my website for current rates, market updates or to start the application process process!

https://debbiereed.tmgbroker.com/

01/09/2025

Let's take a look at those mortgage options if you have a unique financial situation.

STATED INCOME MORTGAGE:
- This type of mortgage is designed for self-employed individuals or those with variable income. Instead of providing traditional proof of income, borrowers state their income, which the lender uses to determine eligibility. However, you will need to provide proof that you're in a line of work where variable income is standard and you will likely need a good credit score.

NON-CONFORMING LOANS:
- Also known as ALT Lender or private mortgage, these loans are offered by lenders who are willing to accept more risk. They might be an option if you can't qualify for a traditional or stated income mortgage. The trade-off is that interest rates are usually higher.

NEW TO CANADA MORTGAGE:
-Some lenders offer special mortgage programs for new immigrants to Canada. These programs often have flexible qualification requirements to accommodate those who may not yet have established credit or employment history in Canada.

BAD CREDIT MORTGAGES:
-If you have a poor credit history, some lenders may still be willing to offer you a mortgage, although the interest rate will likely be higher. Some lenders specialize in bad credit mortgages and may offer programs to help you improve your credit score over time.

REVERSE MORTGAGES:
-For older homeowners, a reverse mortgage allows you to borrow against the equity in your home. The loan doesn't have to be repaid until you sell or pass away.

HOME EQUITY LINE OF CREDIT (HELOC):
-If you have significant equity in your home, you might be able to use a HELOC to borrow against that equity. This can be a good option if your income is unpredictable or if you need a flexible borrowing option.

**Please note that every lender has different criteria and the landscape can change frequently. It's always a good idea to work with a mortgage broker to help you navigate the process and find the best option for you.

Call, text or email with any questions
306-229-9392
[email protected]

Visit my website for market updates, current rates or apply!
https://debbiereed.tmgbroker.com/

I believe in offering a personalized experience to every client. By understanding your unique needs and financial goals,...
01/07/2025

I believe in offering a personalized experience to every client.

By understanding your unique needs and financial goals, keeping clear and open communication throughout the process , and being available to answer your questions and provide guidance, I work tirelessly to ensure you receive the best possible mortgage solution.

The mortgage process can be overwhelming. I am here to help you through it.

Call or text me with your questions 306-229-9392

Visit my website for updates on the market, current rates or to start an application
https://debbiereed.tmgbroker.com/

From my family to yours, Merry Christmas and a fantastic 2025! 🎄
12/24/2024

From my family to yours, Merry Christmas and a fantastic 2025! 🎄

12/10/2024

How much down payment do you need?

Call, text or send me an email. Let’s discuss your options.

306-229-9392
[email protected]

Check out my website for updates on the market, current rates or to start your application.

https://debbiereed.tmgbroker.com/

12/03/2024

“Mortgage Tip” Tuesday

We talk about saving for the down payment and planning your budget plus saving an extra 1.5% for closing costs.

I’m often asked what does the closing costs include.

For your reference, here is a breakdown of closing costs for a purchase in SK:

- home inspection (this can range from $400-$700)
- insurance costs (title insurance is approx $200-$250)
- home insurance (you must have fire insurance when you take possession of your home - costs will vary)
- deposit (often a deposit of minimum $5000 at the time you make an offer to purchase)
- appraisal ($250 or higher)
- legal fees (minimum $800-$1200)
- taxes (GST is payable on new build homes, but often absorbed by the builder. Important to clarify who is handling this)
- plus - moving costs, mail transfer and utility set up costs

If you have questions, or you’re ready to start on your pre-approval, give me a call, text or send me an email.

306-229-9392
[email protected]

Visit my website for up-to-date mortgage info, current rates or the application to start the process.

https://debbiereed.tmgbroker.com/

11/28/2024

These are highly practical tips for saving a down payment. A key point to remember is that you'll require an additional 1.5% of the purchase price for closing costs, all of which should be maintained in your bank account for a minimum of 90 days prior to closing day.

11/15/2024

The best part of what I do is getting to know the client and helping them with achieving their dream. ☺️

Address

Queen Street
Saskatoon, SK
S7K0M5

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