Mortgage Solutions

Reviewing mortgage documents with an Edmonton advisor. As a mortgage broker in Canada, I often receive a common question: "How do mortgage brokers get paid?" Like all professions, mortgage brokers need to earn a living. Fortunately, in most cases, you won’t have to pay any fees to work with a mortgage broker. How Does the Process Work? Let’s break down how the process typically unfolds: You either reach out to me or are referred because you need a mortgage. We connect, and I

To put it simply, the Bank of Canada (BoC) creates and lends money to banks at what’s called the Overnight Lending Rate (or Key Interest Rate ). This is the rate banks pay to borrow money. One of the BoC’s primary responsibilities is managing inflation in Canada. It does this by adjusting the Overnight Lending Rate: If inflation is too high , the BoC raises rates to make borrowing more expensive. This slows down spending and curbs inflation. If inflation is too low , the Bo

Your credit score is vital in determining your mortgage eligibility and rates. It significantly influences the overall approval process. Borrowers with good or excellent credit scores typically enjoy lower interest rates, improved terms, and a smoother application experience. However, even if your credit isn't perfect, securing a mortgage is still possible. Let's explore how credit scores impact mortgage rates, and the options available for various credit situations. The Infl