Working For You
I do the research for you, working on your behalf with hundreds of lenders to secure the best rates and terms for your individual needs.
Ongoing Support
I treat each mortgage application as if it was my own, making the mortgage process as easy and informative as possible - you're always supported through the entire process and beyond.
Proven Expertise
My experience in Saskatoon provides you with expert advice and guidance on mortgage products, interest rates and current housing market conditions.
Pro Negotiating
Different financial institutions and lenders offer a wide range of mortgage rates, terms, and conditions. I work to find the mortgage that best suits your financial needs.
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I was born and raised in Saskatoon but have had the incredible opportunities of going to school at Sorbonne University in Paris, France and attending Vernon Regional College on a Fastball scholarship in Vernon, Texas. I am married and the very proud mother of 2 children and am very proud to call Saskatoon home. I have backgrounds in Finance and Customer Service and believe this is an integral part of my role as a Mortgage Associate.
As your Mortgage Group professional, I offer one-stop convenience and impartial advice. Different financial institutions and lenders offer a wide range of mortgage rates, terms, and conditions. My job is to help you understand how that can affect the lifetime cost of your home, your monthly payments and financial flexibility.
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Why Pay More Than You Have To?
Try our comprehensive mortgage calculators. We give you a detailed breakdown of up to two mortgages and calculate payment schedules over your full amortization.
Because we work with a wide variety of lenders we can access competitive, lower-than-advertised interest rates. Check back often to see how these rates compare to average bank rates.
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Which Mortgage is Right For Me?
Terms and Rates
Choosing the right one could save you hundreds of dollars monthly, and possibly thousands in the long-term.
Your Unique Needs
As an Accredited Mortgage Professional with The Mortgage Group, I am able to assess your specific situation and find you the best possible mortgage to meet your needs
No-Sweat Guarantee
I will do the legwork, number-crunching and negotiating on your behalf, delivering a solution that makes the most sense for you. I’ll sweat the details so you don't have to.
Getting The Right Mortgage Matters!
A fixed mortgage offers you the security of locking in your interest rate for the term of your mortgage, so you know exactly how much principal and interest you will be paying on the mortgage during the term. Terms range from 6 months to 10 years. Fixed rate mortgages offer some form of pre-payment, from 10% to 25% of the original mortgage balance each year, depending on the lender. If you wish to pay off your mortgage in full, there will be a penalty of either 3 months simple interest, or an Interest Rate Differential (IRD). The benefit of this mortgage is the rate is lower than an open mortgage, making it a more popular option if you have no plans to pre-pay it in full during the term you select.
An open mortgage allows you the flexibility to pay off some or the entire mortgage at any time, without penalty. Interest rates are usually higher and are tied to the Bank's Prime Rate.
A variable-rate mortgage allows you to take advantage of today's low Prime Rate. Most variable rate products are set below prime, terms range from 1 to 5 years. The terms range from 3 to 6 years. Payments vary depending on the product or lender you choose. In some cases you can fix your payments for up to 5 years, but the interest rate will fluctuate as the Bank Prime Rate changes. In other cases your monthly payments will fluctuate depending on how many times the Prime Rate changes during your term.
A secured line-of-credit allows you to access the equity in your home whenever you choose. Rates are tied to prime, usually slightly above prime. Required payment on the balance is interest only, making it a good choice where cash flow may be important. Lower interest rates compared to an unsecured line of credit. You may have a secured line of credit and a mortgage, if you have good equity in your home.
Email Me TodayStill Have Questions?
We've compiled a list of answers to our most frequently-asked questions.
If your question isn't answered here, just ask Amber.
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A mortgage broker works for you, not the bank. They bring professional negotiating expertise, and provide one stop convenience for access to numerous mortgage products. Their unbiased, knowledgeable advice and access to unadvertised rates means you get a mortgage that works for you, not the other way around.
The Home Buyers' Plan is a federal government program that allows homebuyers to use $25,000.00 for each purchaser from his/her own RRSP. You must not have owned a principal residence within the last 5 years, and you must intend to occupy your home as a principal residence. The minimum repayment is 15 equal annual installments, however this schedule can be accelerated. The funds to be withdrawn must have been invested into the RRSP for a minimum of 90 days prior to withdrawal.
In order to qualify, the home must be located in Canada and is to be occupied as your principal residence. Additionally, you have from your own resources a down payment of at least 5% of the purchase price of the home. Your mortgage payment must not exceed 32% of your gross household income. This includes payment of principal + interest + property taxes + heat + condo fees (if applicable). You must be able to cover closing costs equivalent to at least 1.5% of the purchase price. Finally, you must meet the lender's eligibility requirements regarding income, employment and credit worthiness.
Closing costs are approximately 1.5% of the Purchase Price. The following are approximate costs: Appraisal Fee: $200.00 CMHC FEE (if applicable): $165.00 Survey Certificate (if applicable): $250.00 Home Inspection $250.00 Legal Fees (approx): $750.00 Tax Adjustment (if applicable) Interest Adjustment (if applicable) Property Transfer Tax (if applicable)
This tax is charged by the Provincial Government and is collected by your lawyer at closing. Each Province varies as to the amount but it is usually a percentage of the purchase price.
In most situations lenders require a comfort level that the borrower has sufficient income and cash flow to service the mortgage as well as any other obligations that they may have. The higher the Loan to Value (ie mortgage amount vs. purchase price) the more important this becomes as the lender is placing less reliance on the value and equity in the property and more on the earning power of the borrower.
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