Mortgage Home Direct - Mortgages by Charlene Demchuck-Nelson

Did You Know?
If you are looking to increase your income by utilizing rental income, this is your chance. You can access up to 90% of your Home's Value to build a Carriage home, or basement suite etc to generate rental income.

With all the Rate Drops and Mortgage Guideline Changes, Let's Talk about How to Secure the Best Mortgage for Your New Home or Refinancing your Current home to Access Needed Equity, Or Perhaps You Are Looking to Purchase a Vacation Home or Investment Property?
I am Dual licensed in BC & Alberta.

Did You know? December 15, 2024 will get Easier for First Time Home Buyers to qualify. Call Me to Chat.
https://www.mortgagehomedirect.ca/blog/cmhc-mortgage-cap-raised-to-15m-30year-amortizations-expanded

Happy Father's Day!

According to Royal Le Page 2024 Most Affordable Canadian Cities Report, These are the Top Cities Which Won't Leave a Hole in Your Wallet.

1. Thunder Bay
2. St John N.B.
3. Red Deer Ab,
4. Trois-Rivieres Que.
5. Edmonton Ab
6. Regina Sk.
7. St. John's NFLD.
8. Quebec City Que.
9. Sherbrooke Que.
10. Winnipeg Mb.

Did You Know - You Could be at Risk of Losing Your Home Due to Title Fraud Against Your Property?

Ways to protect yourself from title fraud | Deeded Title fraud, a form of real estate fraud, is perhaps one of the most distressing challenges a homeowner can face.

April 30th is the Deadline for Personal Income Tax.

I Love Making My Clients Happy.

Are Your Mortgage Payments and Debts "Out of Control?"
Contact Me to Chat.

Best Credit Practice: Pay your balance in full prior to due date.

Moving to Alberta? Not Sure Where to Buy Real Estate? In Case You Didn't Already Know....I am a Big Fan of Calgary. 💓 Best Place to Be. #
https://www.moneysense.ca/spend/real-estate/where-to-buy-real-estate-in-canada-calgary/

Have a Safe & Happy Long Weekend.

BoC Rate Hikes of another 125 - 150 Basis Points Expected by End of Year.
https://www.canadianmortgagetrends.com/2022/05/the-latest-in-mortgage-news-boc-rate-hike-expectations-grow/

The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News in Canada The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year.

Tired of Paying Your Landlord's Mortgage? Call Me To Chat.
Due to Short Supply, Rents Across Canada, Including Calgary & Edmonton Are Forecasted to Continue Rising Throughout 2022.
https://dailyhive.com/calgary/rent-prices-increase-calgary-edmonton

Rent prices expected to keep rising in Calgary and Edmonton this year | Urbanized Due to a high demand and limited supply of properties, rent prices in Calgary and Edmonton are forecast to continue to rise throughout 2022.

Now Is NOT The Time To Cash Out If You Own A Rental Condo(s) As Rental Demand Is Through The Roof. Yes. This is a Toronto Article, However, Rents Have Increased in Calgary as Well.
https://storeys.com/rising-rates-condo-investors-divest/

As Rates Rise, Is This the Time for Condo Investors to Divest? Rising interest rates, inflation and the threat of a recession are increasing risk for condo investors in the GTA.

A Jump In Bond Yields; Lenders Across the Country Bumped Up Their Fixed Mortgage Rates.
https://www.canadianmortgagetrends.com/2022/05/lenders-hike-fixed-rates-yet-again-closing-in-on-4-5/

Lenders hike fixed rates yet again, bringing them closer to 4.5% - Mortgage Rates & Mortgage Broker News in Canada Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates.

Out of Province Buyers Making Up More of the Calgary Housing Market.
https://www.cbc.ca/news/canada/calgary/calgary-real-estate-housing-prices-ontario-alberta-1.6438616

Calgary Realtors seeing boom of house hunters from outside Alberta | CBC News The city’s real estate market has been hot for the past six months, reaching unusually high levels of action. Some of that heat is coming from Ontarians and B.C. residents, among others, deciding to make a new home in Alberta or to buy investment properties here.

First Time Since 2020, 5-Year Fixed Mortgage Rates Are All Above 4%.
https://financialpost.com/executive/executive-summary/posthaste-the-way-the-housing-market-is-stalling-the-bank-of-canada-may-have-to-hit-the-brakes-sooner-than-expected

Posthaste: The way the housing market is stalling, the Bank of Canada may have to hit the brakes sooner than expected For the first time since 2010, five-year fixed mortgage rates are all above 4%

Fixed Or Variable?
https://globalnews.ca/news/8803400/fixed-variable-mortgage-interest-rate/

Fixed or variable? How to pick a mortgage as interest rates rise - National | Globalnews.ca Should you go with a variable or fixed-rate mortgage? Rising interest rates are changing the calculus for prospective home buyers, experts say.

April! Record Month for Home Sales in Calgary.
https://www.bnnbloomberg.ca/calgary-housing-market-sees-record-high-sales-for-april-1.1760138

Calgary housing market sees record-high sales for April - BNN Bloomberg April was a record month for sales in Calgary’s housing market.