Saskatoon Mortgage Broker: Tammy Wandzura: MORE information on the new federally mandated STRESS test qualification

What will happen to your pre-approval if the Bank of Canada increases the Benchmark rate used to qualify and "stress test" your mortgage approval ?? Any changes to the Bank of Canada rate (up or down) will affect your pre-approval if you have less than a 20% downpayment We will be in touch with every [...]

November 15th, 2016|

Saskatoon Mortgage Broker: Tammy Wandzura: Great Rates & Polished Service

What makes a Mortgage Broker or Banker GREAT? GREAT Rates of course! It does come down to more than just great rates. As a Mortgage Broker or Banker "Best Rate" should be the first priority with every client DID YOU KNOW: Mortgage Brokers adhere to a strict set of guidelines that are Provincially legislated.  We [...]

November 12th, 2016|

Saskatoon Mortgage Broker: Tammy Wandzura: HUGE Mortgage Rule Changes- How will they affect you?

The Finance Minister made an announcement this week EFFECTIVE October 17/2016 All insured (less than 20% down payment) home buyers must qualify at a "stress test" rate of the Bank of Canada's posted or "benchmark rate".  Today that is currently 4.64% You will still PAY the low discounted rates (2.39-2.49% on a 5 year fixed) [...]

October 6th, 2016|

Saskatoon Mortgage Broker: Tammy Wandzura: HUGE Promo: Receive a FREE Nest Chair

Can you guess where I MIGHT be going with this? It is the kick off to OCTOBER and we have launched a HUGE MORTGAGE Promotion! All mortgage applications/clients taken as of OCTOBER 1-that fund before NOVEMBER 30th will receive a FREE Nest chair *valued at $1499.99 *not to be combined with any other offer *you [...]

October 1st, 2016|

Saskatoon Mortgage Broker: Tammy Wandzura: BROKER vs Bank – What to consider

The big question: BROKER vs BANK The Broker industry depends on strong personal, long term relationships. Mortgage Brokers build their business's by creating strong, well nurtured relationships that they want to see last the life time of their clients mortgage. Mortgage Brokers in Canada are provincially legislated to WORK IN THE BEST INTEREST of the consumer. [...]

August 30th, 2016|

Saskatoon Mortgage Broker: Tammy Wandzura: Why the differences in mortgage rates-prepayment penalties & broker lenders vs charted banks

There is so much information available now at our finger tips; it's easy for the average person to quickly become an expert in any topic including mortgages. I am guilty of heading to my doctors office with a long list of illness's I may have self diagnosed with the help of the internet (haha) We [...]

August 19th, 2016|

Saskatoon Mortgage Broker: Tammy Wandzura: What is PAYMENT SHOCK?

Have you ever heard the words PAYMENT SHOCK? PAYMENT SHOCK is a definition used to explain a situation where a consumer is used to a specific payment and it changes to a significantly higher (possibly) un-affordable payment. When applying for a mortgage a lender will consider your current rent or mortgage payment vs the new [...]

July 15th, 2016|

Saskatoon Mortgage Broker: Tammy Wandzura: How does your credit score work?

HOW DOES YOUR CREDIT SCORE WORK? HOW DO YOU ESTABLISH A HEALTHY CREDIT SCORE? HOW DO YOU KEEP YOUR CREDIT HEALTHY? When we are looking to qualify you for a mortgage there are certain things and criteria the lenders and CMHC will look for Credit Score Have you always made your payments? Do you have [...]

June 23rd, 2016|

Saskatoon Mortgage Broker: Tammy Wandzura: Why a PRE-approval from a Broker can be different than your bank

Looking to purchase a house? Have you heard the term pre-qualifcation? OR preapproval Do you know what the differences are? How can a PRE-approval be different from a Mortgage Broker than the information your bank provides to you? As a Mortgage Broker we are licensed and legislated both Federally & Provincially. We are required to [...]

May 11th, 2016|

Saskatoon Mortgage Broker: Tammy Wandzura: Donating dollars to the Red Cross to help families in Fort McMurray

As we welcome an unusually warm May - we are all watching the news and posts by the minute, hour and day on what is happening in Fort McMurray. Absolutely devastating for this community and every family that lives in Fort McMurray and area. I have donated $500 to the Red Cross and will continue [...]

May 5th, 2016|