Two Time Winner - 2020 and 2021 Mortgage Awards of Excellence Alberta Brokerage of the Year
Alberta Brokerage of the Year for 2021
Our brokerage is honoured to be recognized as Alberta Brokerage of the Year for the second year in a row. We are so blessed to have such hardworking, dedicated, amazing brokers and staff that make up this team.
Read More
Buying, Selling or Refinancing a Home After a Marital Breakdown - Why a Separation Agreement is Important
Buying or selling a home is usually an exciting prospect but doing either during a separation or divorce can be frightening. Almost every separation or divorce involves some sort of real estate transaction whether it be a buy-out, the sale of the matrimonial home or financing the sale of a new home. Entering into a separation agreement can make the process easier and less stressful.
Read More
The Truth about a Floating Rate Mortgage…
Are you interested in exploring a floating rate mortgage but don’t feel as though you have enough insight on trends or the current economy to make an informed decision whether a variable or fixed rate is the way to go? It’s always valuable to ask the experts opinion. Keep in mind that this opinion will likely change year over year or perhaps even every quarter.
Read More
Mortgage Rate Forecast
With the election behind us and the fourth wave of Covid well underway, our bond market has been unstable but with a steady incline. Since this time last year the 5 year bond yield has increased from .37 to 1.10
Read More
Housing Rebates/Grants for Homeowners
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 More
CMHC Insurance Qualifying Changes
When 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 More
The Value of a Mortgage Broker
Have 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 More
Mortgage Qualifying Rate (Stress Test) Changes June 1, 2021
On 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 More
Special Episode Podcast with the Alberta Real Estate Association (AREA)
Tune 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 More
Do You Have to Pay To Use A Mortgage Broker?
Did 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 More
Alberta Housing Market Update
February 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 More
ALBERTA BROKERAGE OF THE YEAR
Big 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 More