Northern Asset Management Mortgage

06/09/2022

With interest rates rising, should you lock in your rate?

No one has a crystal ball but past performance can give us an idea.

Variable rates go up and they can go down. Don't panic and lock in when it goes up, it's important to think long term.

Don't get caught up in the panic! Let's connect to discuss more.🏡📈

06/06/2022

Yogi’s ready for a run to game 7! Let’s go oilers! 💙🧡

05/18/2022

Have you heard of ‘house rich and cash poor’?

Whether it’s taking equity out to renovate, consolidate debt or buy an income property, refinancing your home can put money back in your pocket.

Interested in learning more about unlocking the equity in your home? Let’s connect for a free strategic brainstorming session to discuss your options to utilize your equity!

04/28/2022

Let’s go raptors!! 🏀🦖💜

04/22/2022

We do not inherit the Earth from our ancestors, we borrow it from our children. 🌎 💕

04/21/2022

How can you prepare for a pre-appoval? What documents are needed to qualify for a mortgage? Check out my blog post!

Process in the Paperwork. Documents Required to Qualify for a Mortgage Mortgages can sometimes feel like endless stacks of paperwork, but being prepared in advance can save you time and stress! Getting your mortgage pre-approved is part of this prep-process, and will make things easy in the long run...

04/14/2022

Don't panic!

That's a monthly payment increase of approximately $24 per month per $100,000 balance over 25 year amortization.

04/13/2022

The Bank of Canada is raising its target for the overnight rate by 0.5 per cent to 1 per cent.

In today’s announcement, the Bank indicated a “substantial upward revision” to its inflation outlook, citing Russia’s invasion of Ukraine, price increases in oil and other commodities, and supply disruptions as the main reasons behind that prognosis. The Bank says it will also stop buying government bonds and begin quantitative tightening beginning April 25.

04/12/2022

The federal government released the 2022 budget with an expected $56.6 billion in total spending over the next five years. One of the biggest issues they addressed was making housing more affordable for Canadians.

04/11/2022

Have you checked out my free app - My Mortgage Toolbox? It includes a ton of great features from calculating homeownership costs to getting a pre-qualification. ✅

So how does it help you?

Clients - you most likely have a smartphone...why not take 45 seconds, answer a few questions, and have an instant pre-qualification certificate?🤳Note: this does not replace a pre-approval but does give you a clear idea of what you will qualify for before speaking with a mortgage broker to get approved.

Real Estate Agents - You are able to do instant pre-qualification on site at your open houses and then email the potential clients their certificates. This is a great conversation starter and will help your client feel that they are in the right priced home for them!

Click the link in my bio and “Download My Mortgage Toolbox App” to set up a profile to get started today for free!

04/05/2022

Did you know you can add upfront renovation costs into your new mortgage?

A Purchase Plus Improvements mortgage allows you to borrow additional cash to use towards renovations to your home and make the necessary improvements. The funds used for the renovations will be added to the regular mortgage payment, making it easy to purchase your home and renovate it at once.

The first step is to find the home you’d like to purchase. Perhaps it needs new large appliances, a new kitchen or windows. Determine exactly what renovations you need and obtain an idea of what they will cost. A contractor can provide a quote to make this process as smooth as possible.

Together, we will then review the proposed improvements and quotes to line up financing that will include the cost of renovations.

Let’s connect for a free strategic brainstorming session to discuss if this is right for you!

03/22/2022

For most, a paid-off home is a lifetime ambition that represents financial freedom. For others, all that untapped equity is dead money.

For most, a paid off home is a lifetime ambition that represents financial freedom. For others, all that untapped equity is dead money. If you’re in the minority of homeowners who are disciplined with investments, financially secure, risk tolerant and don’t rely on home equity for retirement, a ...