ENERGY EFFICIENT REBATE
The three mortgage insurers offer a premium refund of up to 25% when you buy or build an energy efficient home, or when you buy an existing home and make energy-saving renovations.
Read MoreWhen COVID started to make a significant impact on the Canadian economy, CMHC made a decision to reduce their maximum debt to income ratios as well their minimum credit scores to reduce their perceived risk during this time. However, CMHC has now opened up their market share again back to their pre-COVID regulations. This opens up a third insurer option for mortgage applications when debt to income ratios are extended.
Read MoreHave you ever wondered about the role a mortgage broker plays in the financing of your new home purchase, renewal or refinance? One of our lender partners, Home Trust has put together a blog outlining the value of a mortgage broker.
Read MoreOn May 20, 2021 The Office of the Superintendent of Financial Institutions (OSFI) announced that they will be increasing the qualifying rate for uninsured mortgages effective June 1, 2021. You can read the announcement here. Shortly after the OSFI announcement the Minister of Finance announced that uninsured mortgages will be subject to
Read MoreTune in to listen to our Managing Partner Heather Manna in this Special Episode Podcast with AREA (Alberta Real Estate Association) provide her commentary and thoughts on market updates, trends and The Infamous Stress Test.
Read MoreDid you know that you do not have to pay a broker for their services? At least not at MMG! The financial institutions pay our brokerage house a finders fee and therefore a consumer does not need to pay.
Read MoreFebruary continued where January left off with strong sales for Alberta (+61.6% year-over-year) and all submarkets except Fort McMurray. Calgary and Edmonton are still showing a lot of strength with some sales getting multiple offers.
Read MoreBig News Just Announced! Our brokerage is elated to have been recognized as The Alberta Brokerage of the year for 2020. We are so honoured to have such amazing, hardworking brokers and staff that make up this team of ROCKSTARS!
Read MoreMMG 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.
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