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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
Sep 23

Ready to buy a home?

  • Buying your first home, Mortgage News, Pre-Approvals are important

First things first: get pre-approved

We are here to help. And did you know that the pre-approval process takes less than one hour?

First let’s start a mortgage pre-approval. It’s important to know how your income, credit score, and amount of down payment impact the purchase price of the home you can afford. We will provide a list of required documents as well.

We will work together with you and discuss mortgage options and the type of interest rate – fixed or variable and we will source the right interest rate for your financial and personal situation. The mortgage application will be submitted to a lender along with the supporting documents.

Working with a skilled and experienced realtor

We can also connect you with a skilled and experienced realtor. Did you know that as a home buyer you do not pay any real estate fees? None! The seller of the home pays the realty fees. This is the biggest purchase of your life – it’s the time to work with an expert!

With the help of a realtor and your mortgage pre-approval you will be ready to find the right home. When you find that perfect home you will be ready to write an offer to purchase, it’s important to include conditions like financing and a home inspection – once accepted by the home seller – we will get to work on your mortgage approval.

When the mortgage process is complete we will let you know that you are ready to release the financing condition, your realtor will work with you to release the home inspection condition and you will be able to celebrate buying your first home.

Meeting with a real estate lawyer

The next step will be meeting with a real estate lawyer to sign the mortgage and land titles documents. As the possession date nears your lawyer will work with the seller’s lawyer to complete the transfer of ownership and on the possession date your realtor will provide you with the keys to your new home!

It’s important to know that when you purchase a home you must be available to meet with the lawyer in person. So plan ahead in terms of vacations or working gout out of town. You will need to have two valid pieces of ID as well. So make sure your passport or driver’s licence is up to date and valid.

Our preferred partners – finding a great painter, handyman, or moving company

After many years of providing mortgage services we have developed a list of preferred partners and would be happy to provide a referral – some of the best in their industries – including a real estate lawyer, home inspector, renovation companies, painters, interior designers, and moving companies.

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    elevationmortgageyyc

    Andy Jeffery l Julie Jeffery - Serving Alberta and BC
    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 💗🌴🌺🐟🦜🍍🏖️🌊
    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!⛰️
    I know, we wish love made the world turn 💙 It s I know, we wish love made the world turn 💙 It sure helps but money and how it’s earned, spent, saved and managed is so important to mortgage pre-approvals. Money is such an emotionally charged subject, it’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! 💲

Downpayment is important but mortgage approvals at 5% down are just as strong (in a lenders view) as those that are 20% down. 🤓

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.👷🏼‍♀️🧑‍🍳🧑‍🌾👩🏼‍💼🧑‍🚀🧑🏻‍🚒👩‍🔧

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. 🏙️

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 don’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 don’t let money and the stress it can bring keep you from deciding to start a mortage pre-approval! It’s just a conversation, with no pressure, and sharing of our mortgage knowledge and advice. ☺️

📲Julie 403-828-4832
📧 julie@elevationmortage.ca

📲 Andy 403-828-8832
📧 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.
    It’s so cold 🥶! Aren’t we all dreaming of w It’s so cold 🥶! Aren’t we all dreaming of warm, cozy spaces in our homes? 🤍

Our clients just purchased a quaint and beautiful cottage style home in Sunnyside. Absolute stunner!
There’s something wonderful about a renovated heritage home. The cozy factor is very high. The neighbourhood is established, highly walkable and the streets are lined with trees. Sounds perfect! So exciting. 

My go to interior designer for stunning, warm, thoughtful and super cosy design is @amberinteriors. Every room is perfection. Such great style. Enjoy and stay warm today!
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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
      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 💗🌴🌺🐟🦜🍍🏖️🌊
      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!⛰️
      I know, we wish love made the world turn 💙 It s I know, we wish love made the world turn 💙 It sure helps but money and how it’s earned, spent, saved and managed is so important to mortgage pre-approvals. Money is such an emotionally charged subject, it’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! 💲

Downpayment is important but mortgage approvals at 5% down are just as strong (in a lenders view) as those that are 20% down. 🤓

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.👷🏼‍♀️🧑‍🍳🧑‍🌾👩🏼‍💼🧑‍🚀🧑🏻‍🚒👩‍🔧

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. 🏙️

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 don’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 don’t let money and the stress it can bring keep you from deciding to start a mortage pre-approval! It’s just a conversation, with no pressure, and sharing of our mortgage knowledge and advice. ☺️

📲Julie 403-828-4832
📧 julie@elevationmortage.ca

📲 Andy 403-828-8832
📧 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.
      It’s so cold 🥶! Aren’t we all dreaming of w It’s so cold 🥶! Aren’t we all dreaming of warm, cozy spaces in our homes? 🤍

Our clients just purchased a quaint and beautiful cottage style home in Sunnyside. Absolute stunner!
There’s something wonderful about a renovated heritage home. The cozy factor is very high. The neighbourhood is established, highly walkable and the streets are lined with trees. Sounds perfect! So exciting. 

My go to interior designer for stunning, warm, thoughtful and super cosy design is @amberinteriors. Every room is perfection. Such great style. Enjoy and stay warm today!
      Did you complete a mortage pre- approval in 2024? Did you complete a mortage pre- approval in 2024? Well it’s time for an update! 

We are reaching out to our pre-approved clients from 2024 and updating mortgage pre-approval details, chatting about lender options and interest rate changes.🤓 

As we head into the spring housing market - it’s time to update your mortage pre-approval details. 

Income may have changed, maybe you received a bonus or overtime pay in 2024? A salary or hourly rate of pay increase? Or maybe you reduced your work hours?

Debt loads on credit cards and lines of credit fluctuate so it’s best to update the details. A new car loan added into a mortage application can be very impactful. 

You may have discussed purchasing a home with immediate family, and they offered a gift of downpayment funds? Savings also fluctuate, so now is the time to review your mortage pre-approval details. 

Prime has reduced, this will continue throughout 2025. Now is the time for expert advice on rate choices! 

If you are pre-approved at your bank - you need a second opinion. 👋🏻 We work with many lenders and can review lender policy and interest rate options at all lenders both during your pre-approval and again when you have an excepted offer on a home. Don’t miss out on the option to shop your interest rate and to understand lender fine print. 

#yyc #yycmortgages #yycrealestate #yycmortgagebroker
      BIG NEWS! 🚨 The Bank of Canada announced a 0.25 BIG NEWS! 🚨 The Bank of Canada announced a 0.25% Prime Rate reduction this morning! 📉 Economists expect another .50% this spring and up to an additional 1% this year. We may need to shine our 🔮 - with so many factors in play, including inflation, unemployment, economic growth or lack of, and the dreaded tariff talk - it’s a wait and see environment as to how low Prime will go. 

For today, this means lower interest rates for many of you - IF you have a variable rate mortgage OR a line of credit.🏡 Fixed rates are just that - fixed and set for the term. Variable rates move up or down or stay steady based the Prime rate. Most lenders now have a Prime rate of 5.20%. Variable rates are always Prime and a discount off of Prime. Each lender sets their unique discount. This is what we “shop” for our clients - the discount off of Prime, the fine print relating to the mortgage and most importantly, a great variable rate with a lender that allows and offers  competitive fixed rates if and when you want to lock in. 🤓

Ready to see how this affects you?
DM us or visit our website to book in with us. Let’s explore your options and find the best mortgage solution for your needs.

#MortgageRates #BankofCanada #HomeBuying #FinancialGoals #ElevationMortgage
      Winter magic at @mountengadine! Favourite place. 💙 Snow showing, fat bikes, winter hikes, Nordic skiing and the most stunning scenery. The food is epic and all included in the price. Such a great value. Lunch break with my guitar player. 😍 #mountengadinelodge #canadianrockies #albertalodge
      2024 camera roll. 📸 ✨What a year. ✨ One of 2024 camera roll. 📸 ✨What a year. ✨ One of the best, ever! 

In early 2024, we set intentions to build the life of our dreams, focused on adventure, authenticity and home. 🤩 Our 2024 words were fun - fitness - family - finance. 

Beyond grateful for our little family ❤️, two amazing teens (proud of these kids for digging into new experiences and achieving goals) and great friends (new and old), love and kindness, a bit of magic 🪄🔮, my husband’s fantastic coffee ☕️ and breakfast skills, his capacity for fun, musical taste 🎶 and his willingness to always say yes to my wild new ideas, our business and and clients (🙏🏻 gratitude for a great year), travel, foodie experiences and exploring. Nature gave us so much charity in 2024. What a gift. 

2025 is all about simplicity - strength - service. Highly recommend choosing a few words to go back to when the path is unclear. 🫶🏻 

Happy New Year, sending our best wishes and love to friends, near and far, for an incredible, healthy and fun 2025! 

💙👋🏻Julie (and Andy) 

🚞🌺🌈☀️🐾🌲🌙🌊🌿🥾🏔️🦅🌎💧🏞️☁️🌱🌳🦌🍄🌠🫶🏻🙏🏻😘
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