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Elevation Mortgage Elevation Mortgage
  • Home
  • Mortgage Calculator
  • Mortgage Solutions
    • First Time Home Buyers
    • Home Renovation
    • Mortgage Renewal
  • Blog
  • Connect With Us

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    Contact Us

    ELEVATION MORTGAGE

    julie@elevationmortgage.ca
    Julie: 403.828.4832

    andy@elevationmortgage.ca
    Andy: 403.828.8832

    elevationmortgageyyc

    Andy Jeffery l Julie Jeffery - Serving Alberta and BC
    Morning views at the most beautiful dog park ever Morning views at the most beautiful dog park ever ๐Ÿ˜ Vivian is living her best life. So are we! โค๏ธ๐Ÿถ๐Ÿพ
    Our sweet little pup Stitch gave us more love in t Our sweet little pup Stitch gave us more love in ten months than we could ever imagine. We will miss him so much.๐Ÿ’” He was the cutest, cuddly tiny love bug. Thanks to Jen Bee for saving his life and making sure he had the best, last ten months. We coudnโ€™t be more grateful. We spoiled him daily, endless snuggles and snacks and carried him in his sling and he toured all over Nelson and beyond. Many great adventures with his fur sister, Vivi. So much exploring and fun! โค๏ธ Wish we had him from the puppy stage. But we had an amazing time while he was here. Thanks to the stellar Nelson Animal Hospital for their exceptional care. He had a lot of health needs and Gabby is the best vet and treated him like gold.
    Fall is my favourite season! ๐Ÿ‚๐Ÿ๐ŸŽƒ๐Ÿช„๐Ÿง™๐Ÿ”ฎ๐Ÿงก The colours this year are just amazing. Hoping everyone has a restful and relaxing Thanksgiving weekend.
    ๐Ÿ“ˆ The Bank of Canada has announced a .25% Prime ๐Ÿ“ˆ The Bank of Canada has announced a .25% Prime rate decreaseโ€ฆ. Itโ€™s been a waiting game for the last months and may be overdue. But a rate drop is here,with a few more, .25% decreases expected in the next four to six months. What does this mean for mortage holders and the housing market? ๐Ÿ›Œ The decrease will lower borrowing costs on all variable rate mortgages and lines of credit. Banks and lenders make the adjustment and the next payment lowers. Often a Prime rate reduction means fixed rates will also lower. That may take days or weeks. Variable and fixed rates are impacted by two very different mechanisms. The fixed rates move based on the bond market. So these rates are loosely tied together and generally raise and lower around the same time but not my the same amount. This change may stir up more interest in the housing market, get buyers off the sidelines and prompt potential sellers to list. Lower rates = lower mortgage payments. And that is good news! ๐Ÿคฉ #elevationmortgage
    Some weekends are just magic. ๐Ÿ˜„Hike, bike, kaya Some weekends are just magic. ๐Ÿ˜„Hike, bike, kayak, pickleball, boat ride, swim, waterfalls, cold plunges in mountain streams (the perfect spot) and so much fun with friends! โค๏ธโ›ฐ๏ธ๐Ÿž๏ธ๐ŸŒŠ๐Ÿšฃ๐Ÿฅพ Thanks to the Lauraโ€™s for outdoor adventures! And to mom for the awesome e-bikes! Adventures await ๐Ÿšฒ๐Ÿ˜˜Vikki Milne
    Happy May long weekend! Not a snow flake or cold w Happy May long weekend! Not a snow flake or cold wind to be found ๐Ÿ’—๐ŸŒด๐ŸŒบ๐ŸŸ๐Ÿฆœ๐Ÿ๐Ÿ–๏ธ๐ŸŒŠ
    Happy long weekend and happy Easter! Beautiful hik Happy long weekend and happy Easter! Beautiful hike today to kick off a few days of rest and relaxation!โ›ฐ๏ธ
    I know, we wish love made the world turn ๐Ÿ’™ It s I know, we wish love made the world turn ๐Ÿ’™ It sure helps but money and how itโ€™s earned, spent, saved and managed is so important to mortgage pre-approvals. Money is such an emotionally charged subject, itโ€™s complex and can be confusing. So we are here to really listen and support our clients. The strongest mortage applications are all about money. But not in the way you may think! ๐Ÿ’ฒ Downpayment is important but mortgage approvals at 5% down are just as strong (in a lenders view) as those that are 20% down. ๐Ÿค“ Income is a critical driver of all mortgage applications. The amount of verifiable income, directly correlates, to the amount of a mortgage approval. That can be salary, hourly, seasonal, contract or self- employed. Consistency year over year is the key.๐Ÿ‘ท๐Ÿผโ€โ™€๏ธ๐Ÿง‘โ€๐Ÿณ๐Ÿง‘โ€๐ŸŒพ๐Ÿ‘ฉ๐Ÿผโ€๐Ÿ’ผ๐Ÿง‘โ€๐Ÿš€๐Ÿง‘๐Ÿปโ€๐Ÿš’๐Ÿ‘ฉโ€๐Ÿ”ง We ask lots of questiond around income and collect all required documents to verify income at the preapproval stage. We want to be 100% confident that a lender will approve the mortgage application once our clients find the right property. ๐Ÿ™๏ธ Debts are a big part of the equation. The less the better, but if there is enough income to support both the new mortgage amount and the debt then debt loads donโ€™t impact mortage pre-approvals. Credit scores are very important. 680 is a good benchmark for the minimum score a lender wants. Buy exceptions are made at lower levels. So donโ€™t let money and the stress it can bring keep you from deciding to start a mortage pre-approval! Itโ€™s just a conversation, with no pressure, and sharing of our mortgage knowledge and advice. โ˜บ๏ธ ๐Ÿ“ฒJulie 403-828-4832 ๐Ÿ“ง julie@elevationmortage.ca ๐Ÿ“ฒ Andy 403-828-8832 ๐Ÿ“ง andy@elevationmortgage.ca Give us a call or send an email. DM us or visit our website to book a meeting! Link in our bio.
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