Saskatoon Mortgage Broker: Tammy Wandzura: Broker vs Bank

The most important thing to understand when comparing your Bank to a Mortgage Broker, is to remember that a Mortgage Broker works for you not the bank. Although we do have strong relationships with our lenders allowing us to get you quick approvals, the best rates, rate specials & exceptions when needed. In Saskatchewan we [...]

June 24th, 2015|

Saskatoon Mortgage Broker: Tammy Wandzura: How your income vs debt is calculated for mortgage approval

Wonder how we calculate your income vs debt service ratio's? Wonder why a friend of colleague can qualify for a bigger mortgage than you? Your final mortgage approval all comes down to Income vs Debt Service Ratio "TDS" Many consumers assume that if they can afford their rent the banks should easily approve them for [...]

June 17th, 2015|

Saskatoon Mortgage Broker: Tammy Wandzura: It’s Offical the CMHC premium has increased

It is official the Mortgage Default Insurance premium has increased effective today June 1/2015 for those buyers looking to put down less than 10% The premium has increased from 3.15% to 3.60% All 3 insurers; CMHC, GE and Canada Guaranty have adopted the new increase for June 1/2015. The increase really does not reflect as [...]

June 1st, 2015|