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home buyer guide

Dec 03

home buyer guide

December 3, 2020
Julie Jeffery

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elevationmortgageyyc

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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Contact Us

DLC ELEVATION MORTGAGE

julie@elevationmortgage.ca
Julie: 403.828.4832

andy@elevationmortgage.ca
Andy: 403.828.8832

elevationmortgageyyc

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

Instagram post 17954284300984559

Instagram post 17954284300984559

Instagram post 17922531284491732

Instagram post 17922531284491732

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 up☄️🚀 So topic number 1️⃣ is certainly the recent increases to the Bank of Canada’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. 🌏☀️💫

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. 🙌🏻

Interest rate decisions are about many personal, employment, future and market factors and the choice requires a robust conversation. That’s what we are here for! 📲☎️🤳📞

#yyc #yycmortgages #yycmortgagebroker #yycmortgage

Oh hi! 👋🏻 Feels like it’s been a minute! 😀 Andy Jeffery l Julie Jeffery, yes, we are a married and both mortgage brokers! 🕺🏼💃 😍

We own and manage @elevationmortgageyyc and have super skilled client care managers too. 📝📊📑 Mortgages are details and paperwork heavy. We promise - you need a team effort, that way you can always reach us for questions or assistance. 👍🏻

Twenty years in the industry and counting 🗓, thousands of happy clients 💙, 90 ⭐️⭐️⭐️⭐️⭐️ client reviews, a brilliant crew of the very best realtor, accountant, and home builder referral partners in town 💋🙌🏻, and team of mortgage agents (so talented, smart and caring @hughbullenmortgages, @realmortgs, and @mansbridgemortgage! 😘

Two teens 👫🏼, one pup 🐶, thirty or so guitars 🎸, 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. #grateful🙏🏻#thankyouforthesupport #loveourbusiness

#yyc #yycmortgage #yycmortgagebroker #yycrealestate #yycrealtor #yycnow #yyclife #yyctoday

🚨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

Instagram post 17913610742339550

Instagram post 17913610742339550

Instagram post 17996879977417671

Instagram post 17996879977417671

A dog’s life!

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

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