FAQs

Why use a mortgage broker?

A mortgage agent helps you find and secure the best mortgage solution by comparing multiple lenders, rates, and terms — all tailored to your financial goals.

How much does it cost?

In most cases, my services are free! Mortgage agents are typically paid by the lender after your mortgage funds. Only in complex or private deals might there be a fee, which is always discussed upfront.

How much can I qualify for?

This depends on your income, debts, credit score, and down payment. I’ll help you calculate your maximum purchase price and monthly payment so you can shop confidently.

How much down payment do I need?

Minimum 5% down for homes up to $500,000

The First-Time Home Buyer Incentive

It’s a federal program that offers 5–10% of your home’s purchase price as a shared equity loan to reduce your monthly payments.

When should I refinance my mortgage?

When you want to lower your rate, consolidate debt, access home equity, or change your term. I’ll help you crunch the numbers to see if it makes sense.

For homes between $500,000 and $1,000,000, you’ll need 5% on the first $500K and 10% on the remainder.

Homes over $1M require 20% down

Frequently asked questions

What if I have bad credit?

You still have options. We can explore alternative or private lenders who offer flexible solutions to help rebuild your credit and achieve homeownership.

How to get Pre-Approved?

We offer a [brief explanation of how your product or service helps your customers]. Our process is [simple/efficient/convenient] and [positive adjective] for you.

What are renovation loans?

Our pricing varies depending on [what factors affect your price]. We offer a variety of options to fit your needs and budget. Please visit our [pricing page/contact us] for more information.

Can I get a mortgage if I'm self-employed?

Yes! You’ll just need to provide income verification such as tax documents, business financials, or bank statements. There are programs designed specifically for self-employed borrowers.

Variable or Fixed-Rate

Fixed: The rate stays the same for your term — predictable and stable.

Variable: The rate moves with the market — can go up or down, offering potential savings (and risk).

What affects my mortgage rate?

Factors include credit score, down payment, income stability, property type, and market conditions.

Location

Visit us in Edmonton for all your mortgage needs.

Service Areas: Spruce Grove, Leduc. Nisku, Fort Saskatchewan, St. Albert, Sherwood Park, Edmonton, Calgary and more

Address

16 Nelson Dr unit 4, Spruce Grove AB, T7X 3X3

Contact us!