Category: Financial updates

 What is Bridge Financing? Ever found your dream home but haven’t sold your current one yet? That’s where bridge financing steps in!  It’s a short-term loan that lets you use the equity in your current home to secure the new one — before your sale goes through.  Perfect for:  Moving quickly in a hot market  Avoiding the stress of back-to-back… Continue reading Bridge Financing with Trish McKean

Katherine (Kate) Douglas Visit My Website  |  Email Me  |  (403) 331-8553 Another rate cut—here’s how it affects your mortgage Hi Debra & Tom, The Bank of Canada just lowered interest rates again, cutting its policy rate by 25 basis points to 2.75%. If you have a variable-rate mortgage or a line of credit, this likely means some relief in… Continue reading Mortgage tips from Kate Douglas

Exciting news! The Bank of Canada has once again decreased the prime rate by 0.25%, bringing the lending prime rate to 4.95%. This presents a fantastic opportunity to reignite the market and create even more interest in listings! If you have clients who have been sitting on the fence, now is the perfect time to… Continue reading Rate update from Trish McKean

Katherine (Kate) Douglas Visit My Website  |  Email Me  |  (403) 331-8553 Bank of Canada delivers fourth consecutive rate cut I wanted to give you a quick update — today, the Bank of Canada lowered its policy rate a half percentage point, bringing it down to 3.75%, a reduction of 1.25% from its peak. This is the fourth consecutive rate… Continue reading Bank of Canada delivers fourth consecutive rate cut. From Kate Douglas of The Mortgage Group

Katherine (Kate) Douglas, Mortgage Associate Visit My Website  |  Email Me  |  (403) 331-8553 Applying for a mortgage can feel overwhelming, especially if your financial situation doesn’t follow the typical mould. Whether you’re self-employed, have a less-than-perfect credit history, rely on non-traditional income, or are a new immigrant without an established credit record, there are creative mortgage solutions available to… Continue reading What are Alternative Mortgages? Solutions for those with unique financial situations with Kate Douglas

New Mortgage Lending Rules Got Everyone Like Whaaaaat? Let’s Recap and Simplify! This week, the mortgage world got hit with some major updates, leaving everyone with a collective, “Whaaaat?!” Don’t worry, I’m here to break it down and simplify the changes, so you can stay ahead of the game without needing a law degree to… Continue reading New Mortgage Lending Rules Got Everyone Like Whaaaaat? From Trish McKean with Mortgage Architects

When applying for a mortgage to buy a new home, there are some common pitfalls you should avoid to ensure your process goes smoothly!   Don’t make large purchases or open new lines of credit. This can affect your credit score and debt-to-income ratio.  Avoid changing jobs or careers. Lenders prefer stability in your employment history.… Continue reading Trish’s tips from Trish McKean

I hope you’re doing well! I wanted to take a moment to share some important information about collateral charge mortgages, which could be helpful when discussing financing options with your clients. This type of mortgage can be a bit different from what many are familiar with, so understanding how it works, its pros and cons, and… Continue reading Understanding Collateral Charge mortgages from Trish McKean