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Apr 10

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Recent Blogs

Take the Stress out of Buying Your First Home
You are pre-approved! What’s next in the mortgage process?
Ready to buy a home?
Your credit – the factors and impacts on credit scores
CMHC Guideline Changes

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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

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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