DLC Elevation Mortgage DLC Elevation Mortgage
CALL US 403-828-8832
  • Home
  • Connect With Us
  • Blog
DLC Elevation Mortgage DLC Elevation Mortgage
  • Home
  • Connect With Us
  • Blog
Sep 08

  • September 8, 2021
  • Julie Jeffery

Comments are closed.

Recent Blogs

  • Bank of Canada: Prime Rate Announcement, March 2
  • Five things to avoid after you are pre-approved
  • Bank of Canada
  • Title Insurance 101 : What homeowners need to know
  • CMHC Guideline Changes

HAVE A QUESTION?

    Blog Categories

    elevationmortgageyyc

    DLC Elevation Mortgage
    Interest rates are always a hot topic and rates ha Interest rates are always a hot topic and rates have been taking off and moving upโ˜„๏ธ๐Ÿš€ So topic number 1๏ธโƒฃ is certainly the recent increases to the Bank of Canadaโ€™s Prime rate. These increases impact variable rate mortgages, lines of credit and ultimately impact upward movements in fixed rates. Variable and fixed rates are similar to two different planets in the same solar system, they revolve around the same sun, at different speeds and in different orbits but they are part of the same system. ๐ŸŒโ˜€๏ธ๐Ÿ’ซ

But did you know that variable rates, with less than a 20% down payment, remain well under 3%. Fixed rates are starting to edge into the mid 4% range. But that spread between the two types of rates is 1.5% in many cases. Variable rates continue to be a very good decision depending on the specific situation and mortgage application. Fixed rates also have their merits. ๐Ÿ™Œ๐Ÿป

Interest rate decisions are about many personal, employment, future and market factors and the choice requires a robust conversation. Thatโ€™s what we are here for! ๐Ÿ“ฒโ˜Ž๏ธ๐Ÿคณ๐Ÿ“ž

#yyc #yycmortgages #yycmortgagebroker #yycmortgage
    Oh hi! ๐Ÿ‘‹๐Ÿป Feels like itโ€™s been a minute! ๐Ÿ˜€ Andy Jeffery l Julie Jeffery, yes, we are a married and both mortgage brokers! ๐Ÿ•บ๐Ÿผ๐Ÿ’ƒ ๐Ÿ˜

We own and manage @elevationmortgageyyc and have super skilled client care managers too. ๐Ÿ“๐Ÿ“Š๐Ÿ“‘ Mortgages are details and paperwork heavy. We promise - you need a team effort, that way you can always reach us for questions or assistance. ๐Ÿ‘๐Ÿป

Twenty years in the industry and counting ๐Ÿ—“, thousands of happy clients ๐Ÿ’™, 90 โญ๏ธโญ๏ธโญ๏ธโญ๏ธโญ๏ธ client reviews, a brilliant crew of the very best realtor, accountant, and home builder referral partners in town ๐Ÿ’‹๐Ÿ™Œ๐Ÿป, and team of mortgage agents (so talented, smart and caring @hughbullenmortgages, @realmortgs, and @mansbridgemortgage! ๐Ÿ˜˜

Two teens ๐Ÿ‘ซ๐Ÿผ, one pup ๐Ÿถ, thirty or so guitars ๐ŸŽธ, and a continued love and passion for our incredible industry. There is no better role than to be trusted to provide complex financial advice and find the right mortgage solution for each of our clients. #grateful๐Ÿ™๐Ÿป#thankyouforthesupport #loveourbusiness 

#yyc #yycmortgage #yycmortgagebroker #yycrealestate #yycrealtor #yycnow #yyclife #yyctoday
    ๐ŸšจPSA: Stay calm and carry on if you have a vari ๐ŸšจPSA: Stay calm and carry on if you have a variable rate mortgage! โ–ซ๏ธ

We knowโ€ฆ. Change can feel stressful. The Bank of Canada announced a Prime rate increase of .25% this morning. The increase was expected. โ–ซ๏ธ

If you have a variable mortgage, that we set up at DLC Elevation Mortgage you planned for this. ๐Ÿ’ฏ๐Ÿ’ธโ˜บ๏ธ We think you made a good decision. This continues to be a good decision. We are big fans of variable rates. โ–ซ๏ธ

You have a really low interest rate and if you break your mortgage (need to sell due to life, relationship, health, employment circumstances), you have a very, very low mortgage breakage penalty compared to very a high fixed rate breakage penalty. โ–ซ๏ธ

You know our variable rate hack. โ–ซ๏ธ

More on that below! ๐ŸŽ‰๐Ÿ‘๐ŸปYou are incredibly confident in your interest rate decision. You fully understand that variable rate will slowly increase over time. You also fully understand that compared to the best five year fixed rates in the market at the time of obtaining the mortgage you are paying, in many cases, half the interest costs compared to fixed rates. โ–ซ๏ธ

Now for the hack! โ˜บ๏ธ You are already paying your mortgage payment (and adding an additional payment to principle) to match what the fixed rate payment of the day was be aside that rate was far higher, so was the payment. Maybe thatโ€™s $100 a month, maybe thatโ€™s $250 a month. This amount depends on the size of your mortgage. ๐Ÿ˜Ž You are taking action and are ready for rate increases because you already pay more than needed! You are proactively engaging in peace mind, while obtaining a great rate! โ–ซ๏ธ

We have a plan for every client we work with. ๐Ÿ“Š๐Ÿค“ You know the plan! Carry on! โ–ซ๏ธ

If you do not have a plan or do not have someone who is proactively planning for you - you know who to call. โ˜Ž๏ธ 

Julie  403-828-4832 ๐Ÿ“ฒ
Andy 403-828-8832 ๐Ÿ“ฒ

#yyc #yycrealestate #yycre #yycmortgages #yycmortgagebroker #yycmortgage #yycinterestrates #boc #prime
    Our clients are asking us this question every day Our clients are asking us this question every day - should we hold steady in our variable rate mortgage or moved the rate to a fixed rate? ๐Ÿ’ธ 

With the current spread between the two sets of rates, variable rates being at least 1.5% lower than five year fixed rates, our answer is to hold steady! โ˜บ๏ธ
That spread allows for six movements up in the Prime interest rate before any of us will have a rate as high as todayโ€™s current five year fixed rates. ๐Ÿ“Š

The possibility of life, relationship, health or employment changes mean most of us are far โ€œsaferโ€ in a variable rate. Remember those pesky mid-term breakage costs (penalties), are way, way lower with a variable rate. ๐Ÿค—

If you plan to move inside of your five year mortgage term (sell and buy or just sell) you need a variable rate!๐Ÿก Consider all the options, reach out for advice, and let us help you plan ahead! 
 
#holdsteady #interest rates #letstalk #wecanhelp  #yycmortgages #yycmortgagebroker #yycrealestate
    Load More... Follow on Instagram

    DLC elevation mortgage

    To STAYย  INย  TOUCH with the latest on Mortgages trends and interesting ways to manage the equity in your home, Sign Up for the Elevation Mortgage Newsletter.

      Contact Us

      DLC ELEVATION MORTGAGE

      julie@elevationmortgage.ca
      Julie: 403.828.4832

      andy@elevationmortgage.ca
      Andy: 403.828.8832

      elevationmortgageyyc

      DLC Elevation Mortgage
      Interest rates are always a hot topic and rates ha Interest rates are always a hot topic and rates have been taking off and moving upโ˜„๏ธ๐Ÿš€ So topic number 1๏ธโƒฃ is certainly the recent increases to the Bank of Canadaโ€™s Prime rate. These increases impact variable rate mortgages, lines of credit and ultimately impact upward movements in fixed rates. Variable and fixed rates are similar to two different planets in the same solar system, they revolve around the same sun, at different speeds and in different orbits but they are part of the same system. ๐ŸŒโ˜€๏ธ๐Ÿ’ซ

But did you know that variable rates, with less than a 20% down payment, remain well under 3%. Fixed rates are starting to edge into the mid 4% range. But that spread between the two types of rates is 1.5% in many cases. Variable rates continue to be a very good decision depending on the specific situation and mortgage application. Fixed rates also have their merits. ๐Ÿ™Œ๐Ÿป

Interest rate decisions are about many personal, employment, future and market factors and the choice requires a robust conversation. Thatโ€™s what we are here for! ๐Ÿ“ฒโ˜Ž๏ธ๐Ÿคณ๐Ÿ“ž

#yyc #yycmortgages #yycmortgagebroker #yycmortgage
      Oh hi! ๐Ÿ‘‹๐Ÿป Feels like itโ€™s been a minute! ๐Ÿ˜€ Andy Jeffery l Julie Jeffery, yes, we are a married and both mortgage brokers! ๐Ÿ•บ๐Ÿผ๐Ÿ’ƒ ๐Ÿ˜

We own and manage @elevationmortgageyyc and have super skilled client care managers too. ๐Ÿ“๐Ÿ“Š๐Ÿ“‘ Mortgages are details and paperwork heavy. We promise - you need a team effort, that way you can always reach us for questions or assistance. ๐Ÿ‘๐Ÿป

Twenty years in the industry and counting ๐Ÿ—“, thousands of happy clients ๐Ÿ’™, 90 โญ๏ธโญ๏ธโญ๏ธโญ๏ธโญ๏ธ client reviews, a brilliant crew of the very best realtor, accountant, and home builder referral partners in town ๐Ÿ’‹๐Ÿ™Œ๐Ÿป, and team of mortgage agents (so talented, smart and caring @hughbullenmortgages, @realmortgs, and @mansbridgemortgage! ๐Ÿ˜˜

Two teens ๐Ÿ‘ซ๐Ÿผ, one pup ๐Ÿถ, thirty or so guitars ๐ŸŽธ, and a continued love and passion for our incredible industry. There is no better role than to be trusted to provide complex financial advice and find the right mortgage solution for each of our clients. #grateful๐Ÿ™๐Ÿป#thankyouforthesupport #loveourbusiness 

#yyc #yycmortgage #yycmortgagebroker #yycrealestate #yycrealtor #yycnow #yyclife #yyctoday
      ๐ŸšจPSA: Stay calm and carry on if you have a vari ๐ŸšจPSA: Stay calm and carry on if you have a variable rate mortgage! โ–ซ๏ธ

We knowโ€ฆ. Change can feel stressful. The Bank of Canada announced a Prime rate increase of .25% this morning. The increase was expected. โ–ซ๏ธ

If you have a variable mortgage, that we set up at DLC Elevation Mortgage you planned for this. ๐Ÿ’ฏ๐Ÿ’ธโ˜บ๏ธ We think you made a good decision. This continues to be a good decision. We are big fans of variable rates. โ–ซ๏ธ

You have a really low interest rate and if you break your mortgage (need to sell due to life, relationship, health, employment circumstances), you have a very, very low mortgage breakage penalty compared to very a high fixed rate breakage penalty. โ–ซ๏ธ

You know our variable rate hack. โ–ซ๏ธ

More on that below! ๐ŸŽ‰๐Ÿ‘๐ŸปYou are incredibly confident in your interest rate decision. You fully understand that variable rate will slowly increase over time. You also fully understand that compared to the best five year fixed rates in the market at the time of obtaining the mortgage you are paying, in many cases, half the interest costs compared to fixed rates. โ–ซ๏ธ

Now for the hack! โ˜บ๏ธ You are already paying your mortgage payment (and adding an additional payment to principle) to match what the fixed rate payment of the day was be aside that rate was far higher, so was the payment. Maybe thatโ€™s $100 a month, maybe thatโ€™s $250 a month. This amount depends on the size of your mortgage. ๐Ÿ˜Ž You are taking action and are ready for rate increases because you already pay more than needed! You are proactively engaging in peace mind, while obtaining a great rate! โ–ซ๏ธ

We have a plan for every client we work with. ๐Ÿ“Š๐Ÿค“ You know the plan! Carry on! โ–ซ๏ธ

If you do not have a plan or do not have someone who is proactively planning for you - you know who to call. โ˜Ž๏ธ 

Julie  403-828-4832 ๐Ÿ“ฒ
Andy 403-828-8832 ๐Ÿ“ฒ

#yyc #yycrealestate #yycre #yycmortgages #yycmortgagebroker #yycmortgage #yycinterestrates #boc #prime
      Our clients are asking us this question every day Our clients are asking us this question every day - should we hold steady in our variable rate mortgage or moved the rate to a fixed rate? ๐Ÿ’ธ 

With the current spread between the two sets of rates, variable rates being at least 1.5% lower than five year fixed rates, our answer is to hold steady! โ˜บ๏ธ
That spread allows for six movements up in the Prime interest rate before any of us will have a rate as high as todayโ€™s current five year fixed rates. ๐Ÿ“Š

The possibility of life, relationship, health or employment changes mean most of us are far โ€œsaferโ€ in a variable rate. Remember those pesky mid-term breakage costs (penalties), are way, way lower with a variable rate. ๐Ÿค—

If you plan to move inside of your five year mortgage term (sell and buy or just sell) you need a variable rate!๐Ÿก Consider all the options, reach out for advice, and let us help you plan ahead! 
 
#holdsteady #interest rates #letstalk #wecanhelp  #yycmortgages #yycmortgagebroker #yycrealestate
      Our top three tips! Start with the right team of p Our top three tips! Start with the right team of professionals. This is the biggest purchase of your life. You will need sound and experienced advice!๐Ÿ’ก

๐Ÿ’ฐComplete a mortgage pre-approval! Did you know a mortgage preapproval takes less than 30 minutes of your time? We have an easy, simple, and fast system to obtain all the relevant information. Once pre-approved you know your personal budget, the payment amount, the required documents and the maximum purchase price. โฑ

๐Ÿ‘ฉ๐Ÿผโ€๐Ÿ’ผ๐Ÿ‘จ๐Ÿฝโ€๐Ÿ’ผ Work with a skilled, experienced realtor! You want an expert in the real estate field, someone you can trust. Your realtor represents you in the home buying process, your best interests, negotiates the home price and writes the contract. They guide you through the home inspection, conditions and hand over the keys on your possession date. โœจ

๐Ÿ“‘ Cover all the bases - a home inspection, condo document review, a great real estate lawyer, moving company and trades if the new home needs done TLC! ๐Ÿ”จ

Sounds like a lot of moving parts right? We know. We work with hundreds of clients every year. We are experts in both mortgage options and in guiding our clients through a complex process. Make it simple. Let us help you build your home buying team! We can refer you to all the required professionals! ๐Ÿ™Œ๐Ÿป

#weloverealtors #choosewisely #buildateam #professionaladvice #getpreapproved #yyc #yycrealestate #yycmortgages
      That time we found our dream living room. ๐Ÿ˜‚๐Ÿ’™ That time we found our dream living room. ๐Ÿ˜‚๐Ÿ’™๐Ÿ™Œ๐Ÿป Wood burning stove โžก๏ธ for me. Guitars โžก๏ธ him! ๐Ÿ”ฅ๐ŸŽธ

Stay warm and cozy everyone! ๐Ÿฅถโ„๏ธ๐ŸงŠ

#housegoals #givemewarmth #fireplacelove #guitarhouse
      2021โ€ฆ you were quite a ride! โค๏ธ๐Ÿ˜ข๐Ÿคญโ˜บ๏ธ๐Ÿ˜ณ๐Ÿ˜˜๐Ÿคช๐Ÿ˜ซ๐Ÿ™ƒ๐Ÿฅฐ all the feels from lowest to highest points! Lots of challenges, growth, joy, achievement, some stress and worry too and a massive amount of positives. Itโ€™s the people in our lives who matter! And on that front we are truly lucky ๐Ÿ’™

Itโ€™s hard to imagine a better life full of so much love, kids and family ๐Ÿ’™, my sweet, fun, kind and unbelievably hardworking husband and partner, our Vivi โค๏ธ, and the best friends ever and the most fantastic mortgage team and the most inspiring, thoughtful colleagues at a company Iโ€™m so proud of. 

Weโ€™ve had the year of all years. One for the record books. โœจ The most fulfilling professional year of my life and a happy, healthy home life filled with adventure and fun. Our cup is so full. We are deeply grateful for the good moments. ๐Ÿ’™

Wishing for health, happiness and great moments for you all in 2022!!! ๐Ÿฅ‚

#hello2022 #happynewyear
      Merry Christmas! What a year! ๐ŸŽ„โœจ๐Ÿพ As a s Merry Christmas! What a year! ๐ŸŽ„โœจ๐Ÿพ 

As a successful year winds down, we want to take this opportunity to express our thanks for referrals and all the fantastic clients in 2021. We are so grateful. 

Grateful to our clients, our lender partners, and to all of those who support our family business. After more than 20 years in the mortgage industry and thousands of clients, we continue to love โค๏ธ the work and the opportunity to serve. โœจ

We want to thank our incredible client care team members, Paula and Sarah, who are so dedicated to ensuring our clients have a great mortgage experience. They focus on keeping our referral partners updated and on getting each and every mortgage application to the finish line as smoothly as possible. ๐Ÿ™Œ๐Ÿป

After a remarkable year in real estate, with all of the ups and downs, the hard work, the worries and the rewards we are wishing you and your families a Merry Christmas and all the best in 2022! Sending our love and gratitude! ๐Ÿฅฐ

Andy and Julie
      Merry Christmas! ๐ŸŽ„We are so grateful for the su Merry Christmas! ๐ŸŽ„We are so grateful for the support from our clients, referral partners, lenders and our incredible team this year! ๐Ÿ’™ Wishing for a truly merry and bright holiday season for all! โœจโœจโœจ
      Celebrating all of our new homeowners this week! ๐Ÿ™Œ๐Ÿป๐ŸŽ‰ New home builds, upsizing, right sizing, first time home buyers and an acreage! There are so many options and housing decisions! Let us help make the financial, lender and interest rate decisions far easier! ๐Ÿ“ฒ contact details in our our bio or DM us! โœจ

Andy 403-828-8832 ๐Ÿ“ฑ
Julie  403-828-4832 ๐Ÿ“ฑ

#heretohelp #yycmortgage #mortgageadvice
      We love a cottage style home! ๐Ÿ’™ This little hou We love a cottage style home! ๐Ÿ’™ This little house is dreamy. This week we had clients purchase a fixer upper. With a Purchase Plus improvements mortgage, you can purchase a home with as little is a 5% downpayment and add up to $40,000 in renovations to that mortgage!๐Ÿš๐Ÿ”จ One of the best mortgage products! Renovations are expensive, donโ€™t put those on a credit card! Roll the cost into a fantastic mortgage rate. Now, I think our clients should go with blue! Agreed?๐Ÿ™Œ๐Ÿป

#mortgagebroker #mortgagetips #yycrealestate
      Buying a fixer-upper? ๐Ÿก Did you know that you Buying a fixer-upper? ๐Ÿก

Did you know that you can include up to $40,000 of renovations into your new mortgage. A purchase plus improvements mortgage is easy to set-up when you find the right home! Quotes by contractors are required. The lender will approve the renovations at the time of purchase. The contractor will complete the work and the lender will advance the mortgage funds. An updated kitchen or bathroom, paint, flooringโ€ฆ. There are lots of ways to make a big impact! ๐Ÿ”จ

#yyc #yycmortgages #yycrenovations
      Rates, rates, ratesโ€ฆ are they going up? 1๏ธโƒฃ Rates, rates, ratesโ€ฆ are they going up? 1๏ธโƒฃ Rates are rarely static. Up, down, steady, then up, down, steady. Fixed rates have moved up over the last months. But a few lenders decreased fixed rates today! 2๏ธโƒฃ Variable rates are at historic lows. Prime will eventually move up. When and how fast? We would need a ๐Ÿ”ฎto know that! 3๏ธโƒฃ How to decide on fixed vs variable? Easyโ€ฆ will you own the home for at least five years? Are you 100% confident you will mot have changes to your relationship, employment or health? Ummm. Wow! Tough questions right? ๐Ÿค” Life can be uncertain. Variable rates win in uncertainty. Fixed rates are for best when you will own the home for five years and no changes are coming your way! Donโ€™t we all wish we had a ๐Ÿ”ฎ?
 
#yyc #yycmortgages #yycrealtor #yycre #yycrealestate
      Happy Halloween! ๐Ÿ‘ป๐ŸŽƒ๐Ÿง™โ€โ™€๏ธ Happy Halloween! ๐Ÿ‘ป๐ŸŽƒ๐Ÿง™โ€โ™€๏ธ
      To all of the amazing, dedicated, brilliant, kind, To all of the amazing, dedicated, brilliant, kind, thoughtful health care herosโ€ฆ

Thank you for everythingโ€ฆ๐Ÿ™๐Ÿป We could never repay our debts to you. 

Delivering our babies ๐Ÿ‘ฉโ€๐Ÿผ
Fixing my broken ribs โค๏ธโ€๐Ÿฉน
Fixing Andyโ€™s broken ribs ๐Ÿ™Œ๐Ÿป
Treating my vertigo ๐Ÿ’™
Stitching up Beckโ€™s head ๐Ÿฅผ
Saving our nephewโ€™s life โค๏ธโ€๐Ÿฉน
Casting Beckโ€™s arm โ˜บ๏ธ
Splinting his toe too๐Ÿค•
Treating momโ€™s diabetes ๐Ÿฅ
Saving Andyโ€™s life ๐Ÿ˜˜
Giving dad peace at the end๐Ÿ•Š
Warm blankets in the PICU ๐Ÿ›

And the countless doctors appointments, specialists, tests, surgeries, overnights, ER visits, and blood work. Thank you for the cot and the food and showers at Ronald McDonald house. Thank you for crying with us on the very worst days and celebrating new life and snuggling our babies and asking if we needed anything and for never, ever giving up. We have needed the health care system way more than most. And you have never let us down ๐Ÿ’™!

We are grateful. 

#healthcareheroes #albertahealth
      So we heard snail mail is cool again! ๐Ÿ’Œ๐Ÿ“ฉ๐Ÿ“ฌ So we heard snail mail is cool again! ๐Ÿ’Œ๐Ÿ“ฉ๐Ÿ“ฌ

Letโ€™s hope so! ๐Ÿ™Œ๐Ÿป๐Ÿคฃ

1000 stamps later! ๐Ÿ“ฎ

Watch your mail! For all of our past clients, donโ€™t forget โ€ฆa once a year mortgage checkup is a very smart idea!๐Ÿฉบ๐ŸฅผWe are here to help with questions or changes! ๐Ÿค“

#newhouse #cottage #condo #upsize #downsize #rightsize #refinance #mortgagerenewal
      Load More... Follow on Instagram
      ยฉ 2022 Elevation Mortgage | Designed by Oliver and Spence Creative.