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MortgageTipsHBG-EN11

Nov 29

MortgageTipsHBG-EN11

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A little recognition is pretty nice! Andy received

A little recognition is pretty nice! Andy received the DLC Hall of Fame award today! 🙌🏻

Great lunch with our gang! We love the work and industry. Our team is the best, family in fact! Babies, toddlers, teens, spouses and parents. Like winning the lottery! 💙

Success can’t be possible without awesome industry partners, lenders, referral partners including some of the best realtors in town 🤘🏻 and our clients (they really are the best part) - and me, (his wife)- posting social media photos!

DLC has been home and will continue to be home. Simply the best people. Thanks to @eddy__dlc , @garymauris and @heatherdlctraining and the head office crew for years of support.

The most epic trip for to belatedly celebrate Shar

The most epic trip for to belatedly celebrate Shari Easthope’s 50th. Over 20 years with the crew! 🖤

The most fun photo shoot with @flytographer! Highly recommend. @jillian.harris Credit where due. 🙌🏻

Andy’s new baby, Betty, came home with us from @gruhnguitars! 🎸🖤 She’s a beauty.

So much fun, too much food, quite a few drinks 🥳, fantastic live music, songwriters and singers, museums, an easy Nashville food tour, wild bars, chill bars, cool bars and “The Stage” was the winner of the all the bars, and the coolest loft in town, very late nights, lots and lots of laughs, and a dreamy @johnmellencamp show at the Ryman! Icon 🎸🙌🏻🖤

As John sings so beautifully 🥲🥰 - “life is short even on it’s longest day”.

Well we didn’t waste a single minute. Lived it up! Great reminder John. Now we quit for a bit. Rest and recovery. Thanks for an amazing few days crew. Your tour guide, team lead and event planner signing off! Thanks for letting me boss you all around all over lute Nashville!

XO Julie 😘

#thestagenashville I’m your new biggest fan!

Thanks MCAP! Beautiful party, so lovely to see you

Thanks MCAP! Beautiful party, so lovely to see you all! Grateful for your partnership. 🙏🏻 Always ahead of the curve in supporting your mortgage brokers. And a visit with Brenda Shaughnessy! Thanks for making the trip Brenda! 💙 @unmarketing great to meet you both! Loved what you had to say! Excited for your residency! 🙌🏻🙌🏻

Up to… trouble! 💙😂🙏🏻☺️

Up to… trouble! 💙😂🙏🏻☺️

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DLC ELEVATION MORTGAGE

julie@elevationmortgage.ca
Julie: 403.828.4832

andy@elevationmortgage.ca
Andy: 403.828.8832

elevationmortgageyyc

Thanks MCAP! Beautiful party, so lovely to see you

Thanks MCAP! Beautiful party, so lovely to see you all! Grateful for your partnership. 🙏🏻 Always ahead of the curve in supporting your mortgage brokers. And a visit with Brenda Shaughnessy! Thanks for making the trip Brenda! 💙 @unmarketing great to meet you both! Loved what you had to say! Excited for your residency! 🙌🏻🙌🏻

Up to… trouble! 💙😂🙏🏻☺️

Up to… trouble! 💙😂🙏🏻☺️

Vacation smiles! 💙 Much needed rest, relaxation

Vacation smiles! 💙 Much needed rest, relaxation and family. 🏖️🦩🌺

Sometimes you just really need to take a break and chill out. ☺️🙏🏻

We are in the same country but not the same coast - missing the DLCG Mortgage Group @dlcgmortgage conference. We had so hoped to be there! 😕 next year for sure! 😘

The best of the best, 💙 @garymauris reaches out and checks in. 🙏🏻 As always supporting family and health first. Can’t think of anyone I’ve learned more from 🤓! Thanks for the kind words! @eddy__dlc touching base. You guys rock!

Have a blast everyone! Someone please give out some hugs for me. 🤗 Rich Spence, Dustan Woodhouse, Heather Cermak, Dong Lee, Stephanie Dohring 😘, and the entire incredible head office gang. Hopefully Dave Teixeira is in charge of the music. 🎸 Enjoy! See you all next year! #dlcg #dlcinspire #dlc2023

Hi! 👋🏻 Happy Thursday… it’s been a minut

Hi! 👋🏻 Happy Thursday… it’s been a minute since we said hello and since had a little break! Grateful for the support and we feel so lucky to live an integrated life - work, family, fun, travel can all fit in every week. 🙌🏻

Calling a snow day tomorrow! Friday fun ❄️☃️🧣🧦 Settled in @mountengadine. So far, this year was a whirlwind of activity in the housing and mortgage market. Thanks to our incredible referral partners and clients we provided a LOT of mortgage pre-approvals! 👩🏼‍💻👨🏻‍💻💵 🙌🏻 Some of our clients are finding the right home, some continue the search. Rates are stable. Lots of out of province interest in our housing market. Yes, Alberta is as pretty, fun and full of adventure as our photos! 🏔️🏔️🏔️

Tomorrow - a snow shoe, hiking Mount Rummel, cozy fires, delicious food and drink @mountengadine and cross country skiing at Mount Shark Saturday! 🤩

#alberta #rockymountains #kananaskis #travelalberta #movingwest #workplayrestrepeat #yyc #yycmortgages #yycmortgagebroker #yycrealestate

Instagram post 17957820629499673

Instagram post 17957820629499673

Merry Christmas! ❤️🎄Sending love amd light

Merry Christmas! ❤️🎄Sending love amd light to all of our friends, family and our truly incredible work crew (@realmortgs , @mansbridgemortgage , @hughbullenmortgages - simply the best 🤩🤩🤩) and industry partners! You make our business run so smoothly! We are so grateful to our incredible clients and those who refer our way! 🥰😘❤️ Thank you! #christmas #2022 #readyfor2023

We are on the count down now! Hoping you are all e

We are on the count down now! Hoping you are all excited for Christmas 🎅🏼⛄️🎄We wanted to share some of our favourite Christmas memories! So many incredible Christmas adventures across Alberta, family outings, great times with friends and many fun photos! Memories are made during the holidays. ❤️💃🎁Santa and Mrs. Claus popped by our office for a visit and some good cheer back in 2016🎅🏼🤶🏻. #cutecouple #goals #goodmemories❤️ #officeparty #christmas #2016 #elevationmortgage

The Prime rate has risen by another .50%. For the

The Prime rate has risen by another .50%. For the first time in 15 years, fixed rates are now lower than variable rates across the board. The borrowing costs for variable rate mortgage and lines of credit will rise. Not the news any of us wanted, but the new reality is that inflation is severely impacting the Prime lending rate and is not slowing quickly enough.

Thoughts on the news from Sherry Cooper, DLC Chief Economist - "The Bank of Canada hikes the Prime rate by 50 bps.... The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 50 basis points today to 4.25% and signalled that the Council would "consider whether the policy interest rate needs to rise further to bring supply and demand back into balance and return inflation to target.

This is more dovish language than in earlier actions where they asserted that rates would need to rise further. Some have interpreted this new press release to imply that the Bank of Canada will now pause or pivot. Expect there will be additional rate hikes next year, but they will be more measured and not on every decision date. The BoC may refrain from dropping Prime until 2024.

Three-month rates of change in core inflation have come down, an early indicator that price pressures may be losing momentum. However, inflation is still too high, and short-term inflation expectations remain elevated."

Bottom line: This will likely be the last oversized rate hike this cycle. The Governing Council next meets on January 25. Whether they raise rates will be data-dependent. If they do, it will likely be by 25 bps. Even if they pause at that meeting, it does not rule out additional moves later in the year if excess demand persists. I expect further monetary tightening, the continued bear market in equities, and a further correction in house prices.

#yyc #yycmortgage #yycmortgagebroker #yycre #yycrealestate #yycnews #mortgagerates #anotherincrease

The end of each year is a great time to start to p

The end of each year is a great time to start to plan for next year’s budget. ✨🎄💸

That may be buying your first home, your dream home or cottage or figuring out how to manage debts and pay down your mortgage faster. There are many ways to tackle your mortgage or reduce consumer debt with a mortgage refinance. 🏦

Our advice begins with a thorough mortgage pre-approval. Did you know that we provide pre-approvals for first time home buyers but also for home buyers selling a home and buying, downsizing, or planning for a rental property or cottage? We also talk to many clients about buying a home for family - a child going off to university or aging parents. 📚 Budgets are great tool for all ages and all financial decisions. 🤓

So if you want to talk through options, run the numbers and create a plan we are here to help! 👋🏻

Thinking about buying your first home? Start by ge

Thinking about buying your first home? Start by getting pre-approved!

By a human, not an online app. Mortgage pre-approvals should take up to one hour (60 minutes, not 60 seconds). We will collect details on employment, savings, debts, down payment, your credit score, and the range of homes you are interested in. 😊

A pre-approval tells you your mortgage maximum (the highest approvable mortgage amount), provides example payments, and explains interest rates, fine print, and all the options that a great mortgage should have (things like pre-payments to principle). Now is the time, plan ahead and let’s build your homeownership budget together. 🏡

#yyc #yycmortgage #yycmortgagebroker #yycre#yychomes #yychomebuyers

What a great conference! @toddduncanofficial We ca

What a great conference! @toddduncanofficial We can’t wait to implement all the new ideas to better serve our incredible referral partners, lenders and clients!

Instagram post 17934236792333048

Instagram post 17934236792333048

A little obsessed. 🤷🏼‍♀️ Yes! We love

A little obsessed. 🤷🏼‍♀️ Yes! We love our work. Our gratitude to our clients and referral partners is immense. Our website is one click away - to starting your mortgage pre-approval! Link in our bio. Just a few minutes will save you a lot of time, effort and money. 💰

PSA 🚨 When you are buying a new home really, r

PSA 🚨

When you are buying a new home really, really consider that during the three weeks before the possession date it’s best to be at home, not travelling OR planning ahead to sign with your lawyer in advance of any travel plans. Remember that signing in advance requires every stage - the financing condition period, providing your income, downpayment and property documents and signing forms to be completed in advance. 🤷🏼‍♀️

#elevationmortgage #yyc #yycmortgages #yycrealestate

Instagram post 17935982528442162

Instagram post 17935982528442162

Let’s get real… rising interest rates are putt

Let’s get real… rising interest rates are putting pressure on the budgets of many! It’s a very good time to review spending, set up and stick to a monthly budget, and reduce credit card and line of credit balances! Don’t avoid the tough budget conversations. 🫣

Our clients were all approved at the federal government qualifying interest rate - at least 2% higher than the actual rate they received. 👍🏻 Rising rates were factored into their mortgage approvals.

For variable rate mortgage holders - don’t lock into a fixed rate without a robust conversation around the reasons and possible outcome. Five years is a very long time. Variable rates are like waves. 🌊 They are peaking, will flatten and in the future (predicting when isn’t easy 🔮) will decline. It’s not a always going up or always going down situation. 📉📈

We are volitile times - serious inflation, supply chain challenges, war, global oil and gas shortages and rising costs energy costs are all playing a roll in the Bank of Canada’s rate decisions. 🤔

All interest rates are in essence “variable” as most Canadians have five year terms. Every five years the rate will change. To lock into a fixed rate at what may be the peak time of variable rates may not be wise. 🤓 These decisions are highly dependent on your personal situation, employment, budget, cash flow and future plans for the property. 🏠

📲Julie 403.828.4832
💻Julie julie@elevationmortgage.ca

#yyc #yycmortgages #yycmortgagebroker #yycrealestate #elevationmortgage

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