Sylvan Lake Mortgages

Sylvan Lake Mortgages Mortgages for primary residence, second homes, vacation homes! We can help with purchasing, refinancing, renovations, renewal and much more!

Great news for variable rate holders! Bank of Canada cut the current lending rate by 50 points. Prime rate is now curren...
10/23/2024

Great news for variable rate holders! Bank of Canada cut the current lending rate by 50 points. Prime rate is now currently at 5.95%. Fixed rates remain slightly lower than the variable rate still. Next announcement December 11th!

Another rate decrease decision by the Bank of Canada today! Excellent news for our variable rate and home equity lines o...
09/05/2024

Another rate decrease decision by the Bank of Canada today! Excellent news for our variable rate and home equity lines of credit holders. If your considering purchasing or renewing a variable rate is a good choice as we are supposed to see at least three more decreases by mid 2025. Feel free to reach out anytime!

Exciting news for potential home buyers! Amortizations increased to 30 yrs for insured mortgages! As well more RRSP allo...
04/11/2024

Exciting news for potential home buyers! Amortizations increased to 30 yrs for insured mortgages! As well more RRSP allowed for Down Payments up to $60k. Contact us for all the details on how this can help you achieve your home ownership dreams!!!

Still no change to the lending rate! Bank of Canada holds current rate which means no change to prime rate currently at ...
04/11/2024

Still no change to the lending rate! Bank of Canada holds current rate which means no change to prime rate currently at 7.20%. Fixed rates remain to be lower than the variable rate so if your considering locking in get in touch with us as we have some much lower fixed rates!

"Wishing you a joyous and blessed Easter filled with love, happiness, and chocolate eggs! 🐰🐣🌷
03/31/2024

"Wishing you a joyous and blessed Easter filled with love, happiness, and chocolate eggs! 🐰🐣🌷

Fun Easter Facts! Did you know that the Easter Bunny dates back to the 1700s in Germany? Originally a hare, it symbolize...
03/29/2024

Fun Easter Facts! Did you know that the Easter Bunny dates back to the 1700s in Germany? Originally a hare, it symbolized fertility and new life. Now it's a beloved symbol of Easter around the world! 🐰🌷🥚
Have a wonderful Easter weekend with your family 💜

Thank you to my amazing clients for another great review!!! So grateful to be able to helps clients achieve their financ...
03/28/2024

Thank you to my amazing clients for another great review!!! So grateful to be able to helps clients achieve their financial goals!

Bank of Canada holds current rate which means no change to prime rate currently at 7.20%. Fixed rates remain to be lower...
03/06/2024

Bank of Canada holds current rate which means no change to prime rate currently at 7.20%. Fixed rates remain to be lower than the variable rate so if your considering locking in get in touch with us as we have some much lower fixed rates! Hopefully we start seeing some decreases in the near future!

Tomorrow the Bank of Canada will announce if they will maintain or decrease the lending rate! Many of us are anxious to ...
03/06/2024

Tomorrow the Bank of Canada will announce if they will maintain or decrease the lending rate! Many of us are anxious to see decreases start with inflation dropping. Check back with us for an update!

The federal government has discontinued the First-Time Home Buyer Incentive, a much-criticized program aimed at improvin...
03/02/2024

The federal government has discontinued the First-Time Home Buyer Incentive, a much-criticized program aimed at improving housing affordability for new buyers.

Canada Mortgage and Housing Corporation (CMHC), said in a statement that the program was winding up, with no new or updated submissions to be accepted after midnight ET on March 21.

I wasn’t a huge supporter of this program unless it made sense to the buyer. The funds were repayable either when you sold the property or in 25 yrs. The amount payable would be determined at either one of those times and based on the current market value at that time. You could end up paying back much more!

Don’t confuse this program with the First Time Home Buyers Plan. That program is still very much in place and allows you to use your RRSP towards your down payment interest free. The RRSP is replenished back via your income tax annually over the next 15 yrs. Your allowed to currently use $35k from your RRSP for this program. I do support this one as it’s been in place for a very long time and it does benefit the buyer.

Any questions please feel to contact us anytime!
780.278.2437

Another 5⭐️ Client Review! We appreciate these reviews so much!
02/29/2024

Another 5⭐️ Client Review!
We appreciate these reviews so much!

02/28/2024

What do you prefer ? A vacation rental or a fancy hotel? I think it depends on whether you want the convenience of having your own meals and snacks and laundry access. A vacation home can be an amazing investment! We can help finance vacation homes with only 5% down payment. Talk to us today! 780.278.2437

Address

Sylvan Drive
Sylvan Lake, AB
T4S

Telephone

+17802782437

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