Pamela Stevens For Your Mortgage Solutions

Pamela Stevens For Your Mortgage Solutions Pamela is an Alberta licensed Mortgage Broker, Co-Founder of Money Smart Chicks, & Co-Host of Million Dollar Mistakes: Lessons Learned.

Pamela specializes in residential real estate financing & education. Pamela has a bachelor's degree from MacEwan University. She has family in the real estate industry, she has been a real estate investor and currently owns her own home in Sherwood Park with her husband. Prior to becoming a mortgage agent, Pamela worked in the healthcare industry for 20 years.

📢 BANK OF CANADA RATE UPDATE | JUNE 10, 2026The Bank of Canada announced today that it is holding its key policy rate at...
06/10/2026

📢 BANK OF CANADA RATE UPDATE | JUNE 10, 2026

The Bank of Canada announced today that it is holding its key policy rate at 2.25% which means the Prime Lending Rate (which impacts us) remains at 4.45%. This marks the fifth consecutive rate hold as the Bank continues to balance inflation concerns with slowing economic growth. What does this mean for you?

🏡 Variable-rate mortgages and HELOCs: No immediate change to your interest rate or payment.

🏡 Fixed-rate mortgages: Fixed rates are influenced by the bond market rather than by the Bank of Canada. Bond yields continue to react to inflation, economic data, and global events.

🏡 Homebuyers & Renewals: While today's announcement may seem like "no news," it's a reminder that your mortgage strategy should be based on your goals, not just the Bank of Canada's next move.

The current market remains an excellent opportunity to review your mortgage, renewal options, debt consolidation strategies, or investment plans before making your next move.

Have questions about how today's announcement affects you? Let's chat.

📅 Book a free 15-minute consultation:
https://calendly.com/mortgages-pamelastevens/client-meeting

📞 780-722-8782
📧 [email protected]
🌐 www.pamelastevens.ca

Most Canadians grow up believing all debt is bad. But when it comes to mortgages, the conversation is much more strategi...
06/09/2026

Most Canadians grow up believing all debt is bad. But when it comes to mortgages, the conversation is much more strategic than simply “pay it off as fast as possible.”

A mortgage is not just debt — it’s also a financial tool that can help build long-term wealth, create opportunities, and provide flexibility when structured properly.

Here are a few key takeaways homeowners should think about:

✔️ Paying down your mortgage aggressively is not always the best first move
✔️ High-interest consumer debt should usually be tackled first
✔️ Liquidity and emergency reserves matter just as much as home equity
✔️ Your mortgage should fit into your overall financial picture — not exist in isolation
✔️ The right mortgage strategy can create flexibility for investing, renovations, business growth, or future opportunities

One of the biggest missed opportunities I see as a mortgage broker is homeowners sitting on significant equity without understanding how they can strategically use it.
Whether it’s:
🏡 Accessing equity to purchase an investment property
💰 Consolidating higher-interest debt
📈 Re-investing into wealth-building opportunities
🔨 Funding renovations that increase property value
🔄 Creating better monthly cash flow

…your mortgage should support your long-term goals — not quietly limit them.

That’s why I often work alongside professional investors, financial brokers, and realtors to help clients create a well-rounded strategy tailored to their unique goals. By collaborating as a team, we can explore the best solutions for your financial future and ensure your mortgage works in tandem with your broader wealth-building plan.

If you’d like to review your mortgage strategy or explore how to leverage your home equity wisely, let’s chat.

📞 Pamela Stevens – Alberta Mortgage Broker
☎️ 780-722-8782
📧 [email protected]

📅 Book your free 15-minute consultation:
https://calendly.com/mortgages-pamelastevens/client-meeting

🚨 Mortgage Broker PSA 🚨Please… for the love of all things underwriting…DO 👏 NOT 👏 go finance a vehicle, furniture, boat,...
06/05/2026

🚨 Mortgage Broker PSA 🚨

Please… for the love of all things underwriting…
DO 👏 NOT 👏 go finance a vehicle, furniture, boat, ATV, or “just a few things for the new house” BEFORE your mortgage funds!

Yes, even AFTER your offer is accepted.
Yes, even if the dealership says:“Don’t worry, it’s pre-approved!” 👀

That shiny new Audi might look great in the driveway… but not if it tanks your debt ratios first

A reminder:
🚫 Don’t open new credit
🚫 Don’t finance large purchases
🚫 Don’t max out credit cards
🚫 Don’t change jobs without discussing it first

Lenders can and DO: re-check credit, employment, debts, and finances right before funding. One “celebration purchase” can sometimes delay — or even jeopardize — your approval.

Trust me… wait until AFTER possession day to celebrate with the big purchases 🏡🚗

Questions about what you should or shouldn’t do before closing? Reach out anytime!

📞 Pamela Stevens – Alberta Mortgage Broker
☎️ 780-722-8782
📧 [email protected]
🌐 www.pamelastevens.ca

06/04/2026

Get your ticket before we're sold out.

Real Estate investing 101 Part 2

Monday June 8th 630-9pm

Snacks
Networking
Financial Education

Whether your a first home buyer, or a seasoned investor this event is for you!

Come learn from the experts, Chantel Monteith the financial broker, Pamela Stevens For Your Mortgage Solutions the Mortgage broker & Selena Cheung The Realtor.

🚨 Don’t Leave Money on the Table When Buying a New Home 🚨Many buyers (and even some Realtors) don’t realize there are ac...
06/04/2026

🚨 Don’t Leave Money on the Table When Buying a New Home 🚨

Many buyers (and even some Realtors) don’t realize there are actually TWO different GST rebate programs available for newly built homes in Canada.

🏡 1. GST Rebate for New Homes
This rebate may apply to buyers purchasing or substantially renovating a new home for personal use. Depending on the purchase price and eligibility, you may qualify to recover a portion of the GST paid.

🏡 2. GST Rebate for New Homes for First-Time Home Buyers
The federal government has introduced enhanced incentives specifically designed to help first-time home buyers offset some of the costs associated with purchasing a newly built home.

💡 The important part?
Not every buyer automatically qualifies — and understanding which rebate applies can potentially save you THOUSANDS of dollars.

This is why having the right mortgage and financing team matters. As a mortgage broker, I help clients look beyond just the interest rate and understand:
✔️ Purchase structure
✔️ Down payment strategy
✔️ Builder considerations
✔️ Closing costs
✔️ Available rebates & programs
✔️ Long-term mortgage planning

For Realtors:
Helping your clients understand these programs early can create smoother transactions, better budgeting, and fewer surprises before possession day.

Before you buy a new build — make sure you understand what rebates may be available to you.

📞 Pamela Stevens – Alberta Mortgage Broker
☎️ 780-722-8782
📧 [email protected]

📅 Book a free 15-minute consultation:
https://calendly.com/mortgages-pamelastevens/client-meeting

🏡 Thinking about refinancing your mortgage?It can be a powerful financial tool… IF it’s done strategically.Refinancing i...
06/02/2026

🏡 Thinking about refinancing your mortgage?
It can be a powerful financial tool… IF it’s done strategically.

Refinancing isn’t just about accessing money — sometimes it’s about improving your overall financial picture. 💡

✅ POSSIBLE PROS OF REFINANCING:
✔️ Consolidate high-interest debt
✔️ Access equity for renovations or investments
✔️ Lower monthly payments
✔️ Help with cash flow during life changes
✔️ Create a plan for long-term financial goals

⚠️ POSSIBLE CONS TO CONSIDER:
❌ Mortgage penalties may apply
❌ Restarting amortization will increase total interest paid
❌ Legal/appraisal fees may apply
❌ Using home equity without a plan can create more debt
❌ Not every refinance benefits the client long term

This is why strategy matters.
Every homeowner’s situation is different, and refinancing should support your overall financial goals — not create new problems later.

Sometimes refinancing makes perfect sense… and sometimes it doesn’t. My job is to help clients understand BOTH sides so they can make informed decisions. 🏡

📞 Pamela Stevens – Alberta Mortgage Broker
☎️ 780-722-8782
📧 [email protected]
🌐 www.pamelastevens.ca

That feeling when a client says:“Hey Pamela, I gave your name to my friend…” 😎🐶Honestly… there’s no better compliment.Re...
05/29/2026

That feeling when a client says:
“Hey Pamela, I gave your name to my friend…” 😎🐶

Honestly… there’s no better compliment.
Referrals mean the world to me because it means you trusted me enough to send your people my way ❤️

Also me after getting a referral:
immediately checks phone every 4 minutes waiting for the call/text 😂

Thank you to every client, friend, family member & referral partner who continues to support my business. I truly appreciate every single one of you!

📞 780-722-8782
📧 [email protected]
🌐 www.pamelastevens.ca

🏡 DID YOU KNOW?Mortgage Default Insurance doesn’t JUST protect the lender… it can actually create HUGE advantages for bo...
05/27/2026

🏡 DID YOU KNOW?
Mortgage Default Insurance doesn’t JUST protect the lender… it can actually create HUGE advantages for borrowers too.

In Canada, mortgage default insurance is provided through:
• CMHC
• Sagen
• Canada Guaranty

While the insurance protects the lender if a borrower defaults, it also helps MANY Canadians become homeowners sooner and access better financing options.

✅ BENEFITS TO CLIENTS MAY INCLUDE:

🏠 Buying with as little as 5% down
Mortgage default insurance allows qualified buyers to enter the market sooner instead of waiting years to save 20%.

💰 Access to lower interest rates
Because insured mortgages are lower risk to lenders, borrowers often qualify for some of the most competitive mortgage rates available.

📈 Increased approval flexibility
Insured mortgages can help borrowers qualify who may not otherwise fit conventional lending guidelines.

🔄 Portability advantages
Many insured mortgages can transfer their insurance to a future home purchase, potentially reducing future premium costs.

🛟 Borrower assistance programs
Some insurers, like Sagen, offer homeowner assistance programs during temporary financial hardship situations such as illness, job loss, or divorce.

⚡ It can help you build equity sooner
Sometimes entering the market earlier with an insured mortgage may be more beneficial than waiting years to save a larger down payment while home prices continue rising.

There’s a LOT of misunderstanding around “CMHC insurance.”
Yes — it protects the lender… but it can also open doors for buyers and create opportunities many Canadians wouldn’t otherwise have. 🔑

Every client situation is different, and choosing the RIGHT mortgage strategy matters more than just rate shopping.

📞 Pamela Stevens – Alberta Mortgage Broker
☎️ 780-722-8782
📧 [email protected]
🌐 www.pamelastevens.ca

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