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home buyer guide

Dec 03

home buyer guide

December 3, 2020
Julie Jeffery

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🚨PSA: Stay calm and carry on if you have a vari

🚨PSA: Stay calm and carry on if you have a variable rate mortgage! ▫️

We know…. Change can feel stressful. The Bank of Canada announced a Prime rate increase of .25% this morning. The increase was expected. ▫️

If you have a variable mortgage, that we set up at DLC Elevation Mortgage you planned for this. 💯💸☺️ We think you made a good decision. This continues to be a good decision. We are big fans of variable rates. ▫️

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. ▫️

You know our variable rate hack. ▫️

More on that below! 🎉👏🏻You 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. ▫️

Now for the hack! ☺️ 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 that’s $100 a month, maybe that’s $250 a month. This amount depends on the size of your mortgage. 😎 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! ▫️

We have a plan for every client we work with. 📊🤓 You know the plan! Carry on! ▫️

If you do not have a plan or do not have someone who is proactively planning for you - you know who to call. ☎️

Julie 403-828-4832 📲
Andy 403-828-8832 📲

#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? 💸

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! ☺️
That spread allows for six movements up in the Prime interest rate before any of us will have a rate as high as today’s current five year fixed rates. 📊

The possibility of life, relationship, health or employment changes mean most of us are far “safer” in a variable rate. Remember those pesky mid-term breakage costs (penalties), are way, way lower with a variable rate. 🤗

If you plan to move inside of your five year mortgage term (sell and buy or just sell) you need a variable rate!🏡 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!💡

💰Complete 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. ⏱

👩🏼‍💼👨🏽‍💼 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. ✨

📑 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! 🔨

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! 🙌🏻

#weloverealtors #choosewisely #buildateam #professionaladvice #getpreapproved #yyc #yycrealestate #yycmortgages

That time we found our dream living room. 😂💙

That time we found our dream living room. 😂💙🙌🏻 Wood burning stove ➡️ for me. Guitars ➡️ him! 🔥🎸

Stay warm and cozy everyone! 🥶❄️🧊

#housegoals #givemewarmth #fireplacelove #guitarhouse

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DLC ELEVATION MORTGAGE

julie@elevationmortgage.ca
Julie: 403.828.4832

andy@elevationmortgage.ca
Andy: 403.828.8832

elevationmortgageyyc

🚨PSA: Stay calm and carry on if you have a vari

🚨PSA: Stay calm and carry on if you have a variable rate mortgage! ▫️

We know…. Change can feel stressful. The Bank of Canada announced a Prime rate increase of .25% this morning. The increase was expected. ▫️

If you have a variable mortgage, that we set up at DLC Elevation Mortgage you planned for this. 💯💸☺️ We think you made a good decision. This continues to be a good decision. We are big fans of variable rates. ▫️

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. ▫️

You know our variable rate hack. ▫️

More on that below! 🎉👏🏻You 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. ▫️

Now for the hack! ☺️ 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 that’s $100 a month, maybe that’s $250 a month. This amount depends on the size of your mortgage. 😎 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! ▫️

We have a plan for every client we work with. 📊🤓 You know the plan! Carry on! ▫️

If you do not have a plan or do not have someone who is proactively planning for you - you know who to call. ☎️

Julie 403-828-4832 📲
Andy 403-828-8832 📲

#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? 💸

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! ☺️
That spread allows for six movements up in the Prime interest rate before any of us will have a rate as high as today’s current five year fixed rates. 📊

The possibility of life, relationship, health or employment changes mean most of us are far “safer” in a variable rate. Remember those pesky mid-term breakage costs (penalties), are way, way lower with a variable rate. 🤗

If you plan to move inside of your five year mortgage term (sell and buy or just sell) you need a variable rate!🏡 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!💡

💰Complete 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. ⏱

👩🏼‍💼👨🏽‍💼 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. ✨

📑 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! 🔨

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! 🙌🏻

#weloverealtors #choosewisely #buildateam #professionaladvice #getpreapproved #yyc #yycrealestate #yycmortgages

That time we found our dream living room. 😂💙

That time we found our dream living room. 😂💙🙌🏻 Wood burning stove ➡️ for me. Guitars ➡️ him! 🔥🎸

Stay warm and cozy everyone! 🥶❄️🧊

#housegoals #givemewarmth #fireplacelove #guitarhouse

2021… you were quite a ride! ❤️😢🤭☺️😳😘🤪😫🙃🥰 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. It’s the people in our lives who matter! And on that front we are truly lucky 💙

It’s hard to imagine a better life full of so much love, kids and family 💙, my sweet, fun, kind and unbelievably hardworking husband and partner, our Vivi ❤️, and the best friends ever and the most fantastic mortgage team and the most inspiring, thoughtful colleagues at a company I’m so proud of.

We’ve had the year of all years. One for the record books. ✨ 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. 💙

Wishing for health, happiness and great moments for you all in 2022!!! 🥂

#hello2022 #happynewyear

Merry Christmas! What a year! 🎄✨🍾 As a s

Merry Christmas! What a year! 🎄✨🍾

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 ❤️ the work and the opportunity to serve. ✨

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. 🙌🏻

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! 🥰

Andy and Julie

Merry Christmas! 🎄We are so grateful for the su

Merry Christmas! 🎄We are so grateful for the support from our clients, referral partners, lenders and our incredible team this year! 💙 Wishing for a truly merry and bright holiday season for all! ✨✨✨

Celebrating all of our new homeowners this week! 🙌🏻🎉 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! 📲 contact details in our our bio or DM us! ✨

Andy 403-828-8832 📱
Julie 403-828-4832 📱

#heretohelp #yycmortgage #mortgageadvice

We love a cottage style home! 💙 This little hou

We love a cottage style home! 💙 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!🏚🔨 One of the best mortgage products! Renovations are expensive, don’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?🙌🏻

#mortgagebroker #mortgagetips #yycrealestate

Buying a fixer-upper? 🏡 Did you know that you

Buying a fixer-upper? 🏡

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, flooring…. There are lots of ways to make a big impact! 🔨

#yyc #yycmortgages #yycrenovations

Rates, rates, rates… are they going up? 1️⃣

Rates, rates, rates… are they going up? 1️⃣ 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! 2️⃣ Variable rates are at historic lows. Prime will eventually move up. When and how fast? We would need a 🔮to know that! 3️⃣ How to decide on fixed vs variable? Easy… 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? 🤔 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! Don’t we all wish we had a 🔮?

#yyc #yycmortgages #yycrealtor #yycre #yycrealestate

Happy Halloween! 👻🎃🧙‍♀️

Happy Halloween! 👻🎃🧙‍♀️

To all of the amazing, dedicated, brilliant, kind,

To all of the amazing, dedicated, brilliant, kind, thoughtful health care heros…

Thank you for everything…🙏🏻 We could never repay our debts to you.

Delivering our babies 👩‍🍼
Fixing my broken ribs ❤️‍🩹
Fixing Andy’s broken ribs 🙌🏻
Treating my vertigo 💙
Stitching up Beck’s head 🥼
Saving our nephew’s life ❤️‍🩹
Casting Beck’s arm ☺️
Splinting his toe too🤕
Treating mom’s diabetes 🏥
Saving Andy’s life 😘
Giving dad peace at the end🕊
Warm blankets in the PICU 🛏

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 💙!

We are grateful.

#healthcareheroes #albertahealth

So we heard snail mail is cool again! 💌📩📬

So we heard snail mail is cool again! 💌📩📬

Let’s hope so! 🙌🏻🤣

1000 stamps later! 📮

Watch your mail! For all of our past clients, don’t forget …a once a year mortgage checkup is a very smart idea!🩺🥼We are here to help with questions or changes! 🤓

#newhouse #cottage #condo #upsize #downsize #rightsize #refinance #mortgagerenewal

Right now - there is a big difference! 💸 Almost

Right now - there is a big difference! 💸 Almost 1% less for a variable rate, in some cases. So don’t just fall for the “fixed rates are safe” line. It’s not true. It’s a marketing idea created by lenders. Lenders, banks and credit unions would rather lock their customers into a fixed rate. It’s profitable and very “safe” for the lender 😉. We focus on the right decision for our clients! 🥳

So be smart, if you are a mortgage consumer, a realtor, a home builder or want to be a home owner reach out! Find out the real story on both types of rates! ☺️

#yyc #yyre #yycrealstate #yycmortgages #yycmortgagebroker

This little cutie, I’m a day late, still posting

This little cutie, I’m a day late, still posting. 😂💙🐶 #vivian #hadtopost #nationaldogday #itsathing #ourthirdbaby #yycdogsofinstagram #cockapoo

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