MMG Mortgages has partnered with Olympus Group to offer better utility rates and service to you!
With electricity and natural gas being so complicated in the Alberta market, Olympus makes the process easy to understand and simple to setup.
Read MoreOn December 9th, The Bank of Canada announced that the overnight rate would remain unchanged at .25% which was not a surprise as it’s been at this rate for the majority of the year.
With the exciting news of several successful COVID-19 vaccines, it has increased the economic outlook, however there will likely be delays with the acquisition and distribution to Canadians.
Read MoreOur sincerest thank you to everyone for your generous contributions, participation and donations. Together we were able to raise over $8,700 in one short week.
Read MoreWe are so honoured to continue to support the Ronald McDonald House Charity through the Home For Dinner Program by providing amazing meals for some truly deserving families.
Read MoreMMG Mortgages is honored to participate in the first special edition podcast of In Your AREA by the Alberta Real Estate Association. As a guest speaker, we discuss changes in the mortgage place, qualifying after deferrals, rising penalties and so much more.
Read MoreMMG Mortgages is honored to have been nominated as "Best Alberta Mortgage Brokerage for 2020" from the Canadian Mortgage Professionals Association for the Mortgage Awards of Excellence.
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Given the COVID-19 pandemic and it’s impact in the housing economy CMHC announced changes to its mortgage insurance underwriting criteria yesterday afternoon.
Effective July 1st the following changes will apply for new applications for homeowner transactional and portfolio mortgage insurance:
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The main factors involved in calculating a credit score are:
Your payment history
Your used credit vs. your available credit
The length of your credit history
Although that was our last meal for April, this isn’t goodbye!
MMG Mortgages was honoured to support the Ronald McDonald House Charity and to provide some amazing meals through Seed n Salt for some of the most deserving families around.
Read MoreThere is more to a mortgage than just a rate! Check out this video from our partners at Manulife Bank regarding their creative Manulife One Product– If you’re interested in the benefits and how this can help you with your long term financial planning and with ultimate flexibility WITH interest saving measures, then contact us today for more information!
Read MoreThe Mortgage Stress Test has dropped from 5.19% to 5.04%!
What does this mean for you? If you’re buying, or in the market for a new mortgage, this means you could qualify for an average of $10,000 MORE than before!
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New Benchmark Rate for qualifying decreases to 5.04% effective March 23rd
This will assist borrowers in increasing their qualifying amounts.
This is welcomed news given that the previous proposed stress test changes are still suspended.
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