The Mortgage Centre Elite - Holly Cochrane

🏠Ready to make an offer on your dream home? Here are three must-do steps before you take the leap!

1️⃣ Get Pre-Approved: Secure your financing early so you know exactly what you can afford. It shows sellers you're serious and ready to buy! 💰🔑

2️⃣ Research the Neighborhood: Explore the area, check out the schools, local amenities, and vibe. Make sure it feels like home. 🏘️❤️

3️⃣ Set Your Budget and Stick to It: Decide on your maximum offer and don’t go over it. It’s easy to get caught up in the excitement, but staying within budget ensures you’re making a smart investment. 📊🏠

Have any questions? Reach out today!

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

Honouring our roots and celebrating our unity!
Happy Heritage Day!🍁

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

Why pay 100% interest when you can invest in your future?

Let's turn those rent payments into home equity! 🏡💰 Reach out to get started!

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

✨ Thank You for the 5-Star Review! ✨

I’m beyond thrilled to hear that you had such a positive experience! Helping clients like you find the perfect mortgage is why I love what I do. Thank you for trusting me with your home-buying journey! 🏡💖

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

Purchasing a home is a big commitment! 🏡 Having a trusted advisor makes all the difference.💯 There’s often confusion about brokers vs. banks—let’s clear it up with some myth-busting!✔️ Have questions? I'm here to help!

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

📣BANK OF CANADA ANNOUNCEMENT 📣

The Bank of Canada announced a 0.25% decrease to its policy rate.
As a result, you should soon see lenders reduce their prime rate.

If your mortgage is in a variable rate, or you have a line of credit, your interest rate will decrease. If your mortgage is locked into a fixed rate, this change has NO impact on you.

While Bank of Canada’s policy rate can influence fixed mortgage rates to some extent, the relationship is complex. Fixed mortgage rates are more closely tied to government bond yields, which are influenced by various economic factors beyond just the central bank's policy rate.

The next Bank of Canada interest rate announcement is scheduled for September 4th.

Have questions or need personalized advice regarding your mortgage? Reach out, I'm here to help!

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

The first step for a first time home buyer: getting a pre-approval. ✔

For a smoother home buying experience, a pre-approval will help set a realistic budget 💰and will demonstrate to sellers that you are serious when it comes time to make an offer! ✍

Need more mortgage tips? Call me! I'm here to help navigate the mortgage process from start to finish!💯

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

Are you ready for a summertime adventure? 🏖️☀️

Fun Question: Are you a meticulous planner or do you prefer to just go with the flow? 🚗✈️

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

Grateful for amazing clients who trust me to guide them on their home-buying journey. Thank you for the support! 🌟 🏠

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

🎉🎉🎉Celebrate good times!

Our happy clients are celebrating the first year in their new home as well as celebrating this cutie's birthday!

Happy Homeiversary 🏠 and a very Happy Birthday to Kozmo!🐾

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

🚨Mortgage Rate Update! 🚨 = 5 year fixed at 4.64%. 🏡

Ready to make your move? I'm here to help you through each step of the mortgage process. Let's connect!

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

⬆️Increasing your home's value isn't just about aesthetics—it's about making smart investments that truly pay off! Whether you're planning to sell in the near future or just want to enjoy a more valuable home, these strategic improvements can make a significant difference in both appeal and resale value: ⬇️⬇️⬇️

🛠️RENOVATION PROJECTS: Invest in renovations such as kitchen and bathroom upgrades, fresh paint, or landscaping improvements. These updates can enhance curb appeal and attract potential buyers!

💡ENERGY EFFICIENT UPGRADES: Consider installing energy efficient appliances, windows, and insulation. Not only do these upgrades reduce utility costs for the current homeowner, but they will also appeal to eco-conscious buyers!

🪴CURB APPEAL: Enhance your home's exterior with landscaping improvements, such as manicured gardens, trimmed hedges, and a well maintained lawn. A visually appealing exterior makes a strong first impression!

🖼️MODERN INTERIOR: Update outdated features with modern features and amenities. Consider upgrading fixtures, flooring, and lighting to create a contemporary look that appeals to buyers!

These suggested improvements not only enhance your living space but also position your property as a desirable asset in the market. Start working on these strategies today and watch your investment grow! 🏡💼

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

Congratulations to Jennifer on her new home! 🥳 Wishing you all the best in this exciting new chapter. 🏠

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

Taking control of your finances doesn't have to be overwhelming! With a few simple strategies in place, you can pave the way to financial peace of mind! Here are 3 simple steps to get you started:

1️⃣ Set Clear Financial Goals: Know what you’re aiming for! Whether it's buying a home or saving for retirement, clarity is key.

2️⃣ Build an Emergency Fund: Life happens. Be prepared with a safety net for unexpected expenses.

3️⃣ Manage and Reduce Debt: Keep debt in check by paying off high-interest loans first and avoiding unnecessary spending.

Effective financial management means one step closer to security and stability which allows you to navigate life's uncertainties with confidence! Your journey starts today!

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

When selling your home, the best way to ensure it is show-ready is to focus on the key areas potential buyers will notice first. Here are the top spots to prioritize for maximum impact during tours!

☑ Living Room:
-Keep it bright and airy! Open curtains to let natural light in.
-Arrange furniture to highlight space and improve the flow of the room.
-Add cozy touches like throw pillows and blankets.

☑ Kitchen:
-Declutter countertops ensuring only the stylish items are left out.
-Set the scene: Display fresh flowers or a bowl of fruit.
-Make it shine by ensuring all surfaces and appliances are spotless.

☑ Master Bedroom
-Use neutral bedding and minimal decor.
-Maximize the space by removing all unnecessary furniture and items.
-Cozy is key. Think plush pillows, cozy covers, and soft lighting.

☑ Bathrooms
-Keep it clean: Scrub everything (yes, everything!)
-Add spa-like elements: Fresh towels, fancy soaps, and candles.
-Simplify: Clear away personal items and add a small plant or two.

☑Outdoor Spaces
-Tidy up: Mow the lawn, trim bushes, and clear any clutter.
-Create an inviting area: Arrange patio furniture and add some potted plants.
-Highlight features: Make sure any outdoor lighting is working and attractive.

These are just a few of the ways to prepare your home for showings. Consistent effort will ensure your home is always shown in its very best light! 🏠

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

Happy Long Weekend! Enjoy the celebrations, fireworks, and time with family and friends!🇨🇦🍁

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

A debt-to-income (DTI) ratio shows how much of your monthly income goes toward paying debt. A lower DTI ratio indicates a more manageable balance between debt and income. Here are some effective steps to take in order to lower your DTI ratio:

Increase Your Income 💰
☑️Ask for a raise.
☑️Get a part-time job or freelance work.
☑️Create passive income through investments or rental properties.

Reduce Your Debt ⬇️
☑️Pay off high-interest debt first.
☑️Consolidate debt for lower interest rates.
☑️Refinance loans to reduce monthly payments.
☑️Make extra payments when possible.
☑️Automate payments to avoid missing due dates.
☑️Use bonuses or tax refunds to pay down debt.

Manage Expenses 💲
☑️Create a budget and cut out unnecessary expenses.
☑️Negotiate lower rates for services like phone plans, utilities, etc.

Avoid New Debt 💳
☑️Limit credit card use and pay balances in full.
☑️Postpone large purchases.

Monitor Your Progress 📊
☑️Review your finances and adjust your budget often.
☑️Check your credit report for errors.

With planning, consistency, and effort, your DTI ratio can be improved, leading to better financial health and increased attractiveness to lenders. ✔️
Have questions? Reach out today!

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

Saturday was such a fun day! Thank you to all for coming together to celebrate community. We had a blast! 🎪🌭🎈

If you were given $10,000 for a home improvement project, what would it be? Share your dream renovation goals!

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

The PICNIC IN THE PARK event is TOMORROW at the Jubilee Park in Spruce Grove. We are proud to be sponsors of this fantastic event! It is complementary and will be full of fun activities, laughter and community spirit! We hope to see you there!💙🎉

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

🏡Are You Ready for Homeownership? Let's Find Out!

1️⃣ Your Credit Score is Solid: A strong credit score can open the door to better mortgage rates and terms.

2️⃣ Your Debt is Manageable: Keep your debt-to-income ratio in check. Ensuring your monthly debts are manageable is crucial for a smooth mortgage approval process.

3️⃣ You Can Afford a Down Payment: Having a substantial down payment demonstrates your financial readiness to lenders!

4️⃣ You Have Enough Set Aside for Maintenance: Owning a home means being prepared for the unexpected. An emergency fund ensures you can handle any maintenance or repairs that come your way without stress!

Are you ready to take the leap? I'm here to guide you every step of the way! Reach out today!

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

DID YOU KNOW❓

The colour of your front door can have an impact on the perceived value of your home. 🏠

While it may not directly increase the market value in the same way as a major renovation, it can influence potential buyers' impressions, which can lead to a higher sale price or even a quicker sale! Here are a few reasons why a front door can have a significant impact:

1️⃣ Curb Appeal: The front door is a focal point of your home's exterior.
First Impressions: The front door is often the first thing people notice when they approach a home.

2️⃣ Psychological Impact: Certain colours can evoke emotions that might make a home feel more inviting or calming.

3️⃣ Trends and Preferences: Recent trends have shown that homes with navy blue or black front doors can sell for more than expected.

4️⃣ Consistency with Home Style: A front door colour that complements the style and colour scheme of the rest of the house can enhance the overall aesthetic appeal.

Have you thought about giving your front door a makeover? 🚪If so, what colour would you choose?

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

A reminder about the PICNIC IN THE PARK event held June 22 at the Jubilee Park in Spruce Grove. We are proud to be sponsors of this fantastic event! It is complementary and will be full of fun activities, laughter and community spirit! We hope to see you there!💙🎉

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

Meet Arthur, the Edmonton Oilers #1 fan! 😻
He never misses a game - unless it's nap time! 💤
LET'S GO OILERS!🧡💙🤍

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

Would you buy a home without seeing it in person? 🏡
While it's tempting with today's virtual tours and technology, it's crucial to weigh the pros and cons. Some important things to consider:

✅PROS

1️⃣ Convenience: Skip the travel and view homes from the comfort of your couch.

2️⃣ Time-saving: Quickly browse through numerous options without scheduling multiple visits.

3️⃣ Access to Distant Markets: Explore properties in different cities or states without leaving home.

4️⃣ Virtual Tours: Experience immersive 3D tours for a realistic sense of the property.

5️⃣ Safety: Avoid potential health risks or dangerous travel situations.

❎CONS

1️⃣ Hidden Issues: Risk missing structural flaws or maintenance issues not visible online.

2️⃣ Misleading Representation: Photos and virtual tours may not accurately depict the property's condition.

3️⃣ Limited Perception: Lack of in-person visits may lead to overlooking aspects of a neighborhood including noise levels.

4️⃣ Emotional Connection: Difficulty in feeling attached to a property without experiencing it firsthand.

5️⃣ Legal/Title Risks: Possible oversight of legal or title issues without physical inspection.

What's your take on this? Comment below, I'd love to hear!

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

Happy Monday! ☕️ ☕☕
New Week, New Goals, and only the BEST coffee to get us through! Here's to a productive and successful week ahead!

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]

✨Congratulations on your new home, Brenda! We wish you all the best in your exciting new chapter!🏡

We are thrilled to be a sponsor for the PICNIC IN THE PARK event held June 22 at the Jubilee Park in Spruce Grove. This is a complementary event for families that will be full of fun activities, laughter, and community spirit! We hope to see you there!

Holly Cochrane, Mortgage Broker
The Mortgage Centre Elite
780-485-7908
[email protected]