• Finding Funding When The Bank Turns You Down

    Jencor Mortgage    |   

    Categories: Debt Consolidation , Dominion Lending Centres News , Jencor News , Mortgage Broker , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal

    For businesses large and small, a loan may be needed to overcome financial distress, purchase real estate, or acquire equipment to make their jobs easier. Business loans come in all sizes and for use in every aspect of business. Depending upon the size, age, and niche of your business, you can find available funding for every financial need that you can think of. The problem isn’t the availability of funding, it is the turn-down rate of traditional banks that makes obtaining these loans so difficult. Businesses which have been turned down for a loan by a traditional bank often meet…

    READ MORE »


  • Wills and Estate Planning

    Jencor Mortgage    |   

    Categories: Jencor News

    Why make a will? Your will is the easiest and most effective way to tell others how you want your property and possessions– called your estate– to be distributed. Even if you don't have much money or property, it's still a good idea to have a will so you can name an executor and make it clear who you want making decisions after you die. What happens if I don't make a will? Under the law in most provinces and territories, your nearest relatives are the people who will share in your estate if you die without making a will. Depending how complicated…

    READ MORE »


  • Common Mortgage Pitfalls

    Jencor Mortgage    |   

    Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Jencor News , Mortgage Broker , Mortgage Refinancing , Mortgage Renewal , real estate news

    A mortgage broker can help you avoid many of the pitfalls commonly encountered during the home buying process, it's still important to be informed even before you start looking for that perfect home.

    1. Check your credit report before you apply for a mortgage - Equifax
    2. Lowest rate is not always the best rate for you
    3. Minimum of 5% of the purchase price, over a purchase price of $500.000 it is 5% on the 1st $500,000 and 10% on the balance of the purchase price
    4. Set a budget for yourself: legals fees, home inspection fees, condo fees
    5. Rate shopping, don't!  Let your broker pull one bureau and find the best mortgage for you

    READ MORE »


  • Jencor / Highlander Wine and Spirits Appreciation Event

    Jencor Mortgage    |   

    Categories: Jencor News , Preferred Partner

    highlanderwine_logo2.jpg

    Every year in Calgary we invite our clients and referral partners to stock up for the holiday season.

    Jencor / Highlander Wine and Spirits Appreciation Event is scheduled for November - watch for details and hope you can make it!

    READ MORE »


  • Back to School

    Jencor Mortgage    |   

    Categories: Jencor News

    Love it or hate it, the kids are heading back to school in less than a month, and while over 50 per cent of Canadians are looking forward to getting back to a routine, more than one-third cite expenses as the number one stressor when it comes to back-to-school shopping, according to a recent poll by Ebates.ca.   As for spending habits, almost half (45 per cent) of Canadians shell out between $100-$200 per child, and nearly one-in-four spend more than that. Here are the top five money-saving tips to help you stay on budget and make the best of the back-to-school transition this year. Start…

    READ MORE »


  • Edmonton Airport Redevelopment Project Taking Off

    Jencor Mortgage    |   

    Categories: Jencor News

    It aims to set the bar for carbon-neutral living in Canada and Blatchford, a 217-hectare development on the site of the former Edmonton Airport, has made a promising start; diverting 27,000 tonnes of building materials from landfill during site preparation. Material included 50 hectares of hard surface consisting of two runways, taxiways, surface parking lots and foundations. The asphalt, concrete and gravel has been processed and sold back to the construction industry. Twelve airport buildings were also deconstructed and sold off to be reassembled and repurposed elsewhere. Those buildings not recycled as complete units were recycled in their component parts. Fixtures that were aviation-related, such as floodlighting,…

    READ MORE »


  • New website under construction

    Jencor Mortgage    |   

    Categories: Commercial Mortgage , First Time Home Buyer Mortgage , Jencor News , Mortgage Broker , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal

    New Website Coming Soon!

    We are currently revamping our website. Our new website will be interactive and mobile friendly!

    READ MORE »


  • 10th Annual Rock & Roll Car Show July 30, 2017

    Jencor Mortgage    |   

    Categories: Jencor News

    car.jpg

    Looking for a some time out and about and away from the city?

    Marv's Classic Soda Shop in Black Diamond Alberta is hosting their 10th Annual Rock & roll Car Show!

    8am - 4pm - July 30

    Hamburgers, hot dogs, milk shakes, fries, and ice cream just to name a few yummy things on the menu. Marv will even make you a malt in any flavor you want!

    It's the 50's all over again, all retro right down to the uniforms. Great family fun event not to be missed.

    READ MORE »


  • Winds of Change - Should OSFI's stress tests be expanded to uninsured mortgages?

    Jencor Mortgage    |   

    Categories: calgary real estate , Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Jencor News , Mortgage Broker , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal

    The Office of the Superintendent of Financial Services (OFSI) announced earlier this month it will be increasing its supervisory efforts for residential mortgage underwriting - specifically focusing on Guideline B-20, which it also announced potential changes to.

    Changes include:

    uninsured mortgages requiring a qualifying stress test

    LTV, loan to value measurements remain strong and adjust for local market conditions where they are used as a risk control, such as for qualifying borrowers

    prohibiting co-lending arrangements that re designed or appear to be designed to circumvent regulatory requirements

    Many brokers would argue that not enough time has been given to see how the impact of those changes from last summer have been.

    Hard to say the impact of these changes if and when they come to pass, but keep an eye out....

    READ MORE »


  • Rebuilding homes in Fort McMurray - Going faster than expected, CMHC says

    Jencor Mortgage    |   

    Categories: calgary real estate , cmhc , Jencor News , Mortgage Broker , Mortgage Companies , mortgage insurer , Mortgage Renewal , New Construction Mortgage , real estate news , recreational properties

    fort mac.jpg

    Rebuilding efforts in Fort McMurray, Alta., are running ahead of expectations, with reconstruction underway on one-third of the homes destroyed in last year’s wildfire, according to Canada Mortgage and Housing Corp. In a report Thursday, the federal agency said the rebuilding of 844 housing units has started and that number is expected to rise to about 1,000 this year. It said 122 of the projects were started last year and 722 in the first half of this year. CHMC market analyst Tim Gensey said the agency underestimated how many construction workers would come to Fort McMurray when it suggested last December only…

    READ MORE »


  • Non Residential Investment

    Jencor Mortgage    |   

    Categories: calgary real estate , Jencor News , Mortgage Refinancing , real estate news

    invest.jpg

    Statistics Canada reports that $12.4 billion was invested in the sector with industrial and commercial buildings leading the rise while institutional spending was lower.

    Overall, 6 provides posted an increase with Ontario having the largest upturn, followed by BC and New Brunswick.  Alberta and Saskatchewan saw the largest declines.

    Looking to invest in property?  Call a Jencor Mortgage Advisor today and find out exactly how much you can afford and the best mortgage for you!

    Canadian Real Estate Wealth - Steve Randall

    READ MORE »


  • The End of the Greatest Outdoor Show on Earth and Retirement of The King!

    Jencor Mortgage    |   

    Categories: Calgary Stampede , Jencor News

    stamp.jpg

    This was the final race for Kelly Sutherland, 'The King'  as this year's Stampede came to a close.

    Kelly has been competing at the Calgary Stampede for 5 decades!  Now, reaching the age of 65 its time to "hang up his reins"

    First Came the Feather - Calgary Herald July 14, 2017

    READ MORE »


  • Maclin Ford 100 Celebrates 100 years of business in Calgary!

    Jencor Mortgage    |   

    Categories: Jencor News

    ford.jpg

    Maclin Ford was established in 1917 and held a celebration on Monday to mark the 100 years in business.

    Maclin Ford celebrated the milestone with two $50,000 donations - to the Calgary Women's Emergency Shelter and the Alberta Children's Hospital.

    The dealership has been in its current location, just off Glenmore Trail, since 1987.

    The original location was on Macleod Trail.

    Thank you to the Calgary Herald - July 17, 2017 Article

    READ MORE »


  • Cyclepalooza July 14 - July 23

    Jencor Mortgage    |   

    Categories: Jencor News

    bike.jpg

    Now in its seventh year, this event is composed of about 25 bike themed activities organized by volunteers trying to bring people together through biking and to demonstrate the positive impact cyclists can have on their communities. Initially somewhat overshadowed by the Stampede, its now in full swing.

    Cyclepalooza

    READ MORE »


  • What's Your Best Rate?

    Jencor Mortgage    |   

    Categories: Debt Consolidation , First Time Home Buyer Mortgage , Jencor News , Mortgage Broker , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage

    rate.jpg

    What's your best rate is something we hear everyday and you would think it would be easy to reply, but nothing is ever easy!

    To ensure that you get the best mortgage for YOU, we like to make sure we ask some questions:

    1. What's the term?
      1. fixed / variable / 5 year ?
    2. Is this your primary home or a second home or a rental?
    3. Can you verify your income
      1. we understand that your bank already knows you and they can see your pay being deposited, but not all of the lenders that your broker has access to has that access.  So paperwork will be required
    4. Where is the property located?
    5. When is the closing date / possession date?
    6. Can you live with prepayment restrictions?
      1. some of the lowest rate option do not allow prepayments at all which means no putting your bonus down towards your mortgage
    7. Can you live with portability headaches?
      1. discounted rates will sometimes force you to ensure that the sale and purchase close on the same day!
    8. Can you live with refinance restrictions?
    9. Can you live with a large penalty?
    10. What type of property is it?
    11. Do you want good rates when you renew or refinance early?
    12. Have you ever been bankrupt, consumer proposal, collections?
    13. Do you have a property in mind or do you want a pre-approval?
    14. What would be the loan to value, conventional or insured?
    15. Can you pass the Governments stress test
      1. less than 20% down payment you MUST qualify @ benchmark rate 4.64%
    16. Do you know your credit score?
    17. Are you purchasing, refinancing or wanting to switch lenders?
    18. What is the purchase price of the property?
    19. Is your mortgage already insured?
      1. CMHC / Genworth / Canada Guaranty
    20. How long of an amortization do you require?
      1. some lenders may charge a premium with an extended amortization over 25 years

    This is a lot of questions but, once we go thru these we can find you exactly what you want and you will have all the information you need to make the decision that is right for you!

    READ MORE »


  • Travels of the Jencor Mug

    Jencor Mortgage    |   

    Categories: Jencor News

    jencor mug pic apron.jpg

    The Jencor Mug has been getting around!

    The mug has been to Japan, BC, Las Vegas, backyard BBQ's!

    We want to know where you use your Jencor Mug or where is has been traveling this summer.  At the end of summer we will be doing a give away for one lucky person.

    Don't have a Jencor Mug - Stop by the office, Say Hi and get a mug!

    READ MORE »


  • Why Use A Mortgage Broker

    Jencor Mortgage    |   

    Categories: Jencor News , Mortgage Broker

    why use.jpg

    There are many great reason for you to consider, aside from the time saving factor and allowing a licensed professional to negotiate with potential lenders on your behalf, really is Expertise!

    For most people buying a home is the single biggest purchase you will make in your lifetime. The choice when it comes to arranging financing can impact you for years to come. Not all mortgages are created equal!  A mortgage broker has the experience and know how to ensure you get the mortgage that is best suited for you.

    Customer service is an important element of using a Mortgage Broker. Their job is to represent you through the full mortgage transaction and to always act in your best interest.  Your mortgage broker has a relationship with many different potential banks and lenders, this allows them to the shopping for you and the right options for your unique situation.  When you shop for a new car, you settle for the first one you see, you do some comparisons, test drive a few, see how the knowledgeable are the sales people.

    A mortgage brokers work is not finished after the mortgage transaction has completed.  We want to stay in touch and time to time give you a call and see how everything is going and if you have any questions and provide you with strategies for paying off your mortgage quicker and planning for the future endeavors.

    Jencor Mortgage Brokers are there for every step of the way, from start to furnish!  Our clients are are a part of something bigger...the Jencor Family!

    Jeff Yuzwak - Jencor Mortgage

    READ MORE »


  • Alberta Recreation Property Near Big Cities on the Upswing

    Jencor Mortgage    |   

    Categories: calgary real estate , Jencor News , Mortgage Refinancing , Mortgage Renewal , real estate news , recreational properties

    cabin.jpg

    Alberta's recreational property values, particularly those near Edmonton and Calgary are on the rise a new market report says.

    According to the 2017 Royal LePage Canadian Recreational House Report, recreational properties near the two cities have begun to see their markets turn a corner with slight year over year prices increase so far in 2017.

    Average regional prices in Alberta include:

    • Pigeon Lake: $450K for lakefront / $315K for woodland cabin / $236K resort/condo
    • Wabamum Lake and Lac St. Anne: $516K for lakefront/ $242K for woodland cabin
    • Sylvan Lake:  $1M for lakefront property
    • Pine Lake: $600K for lakefront property
    • Canmore: $2.75M for riverside property / $790K for resort/condo property

     

    Edmonton Journal 06/20/2017

    READ MORE »


  • Canada's 150th Birthday Plans

    Jencor Mortgage    |   

    Categories: Jencor News

    July 1, 2017 will mark Canada’s 150th Birthday and Canadians everywhere are getting ready to celebrate.

    This year the Government of Canada has released the Parks Canada Discovery Pass for Free! Now you will have unlimited opportunities to enjoy all Canadian National Parks, National Marine conservation areas and National Historic sites across our beautiful Country!

    If you have not already signed up for your free pass check out the Government of Canada website:
    http://www.commandesparcs-parksorders.ca/webapp/wcs/stores/servlet/en/parksb2c  for more information.

    READ MORE »


  • Father's Day June 18

    Jencor Mortgage    |   

    Categories: Jencor News

    happy fathers day.jpg

    Father’s Day, celebrated in the United States on the third Sunday of June, got a jump start from the formation of Mother’s Day. Credit for beginning Father’s Day celebrations is given to Sonora Smart Dodd from Spokane, Washington.

    At the turn of the century, Mother’s Day observances were growing across the United States. The federal government had yet to recognize the holiday, but many states had adopted the third Sunday in May as a special celebration day honoring mothers. It was during a Mother’s Day church service on June 20, 1909, that Sonora Smart Dodd was struck with the idea of creating a special holiday to honor fathers, too.

    When Sonora was 16, her mother died while giving birth to her sixth child, the last of five sons. Back then, like today, single parenthood was no easy task. By Sonoma’s account, though, Mr. Smart did a wonderful job. Because of this love and esteem, Sonoma Smart Dodd believed that her father deserved a special time of honor just like that given to mothers on Mother’s Day.

    In 1909, Sonoma Smart Dodd approached the Spokane YMCA and the Spokane Ministerial Alliance and suggested that her father’s birthday — June 5 — become a celebration day for Father’s Day. Because they wanted more time to prepare, the Ministerial Alliance chose June 19 instead.

    The first Father’s Day was thus observed in the State of Washington on June 19, 1910. The idea of officially celebrating fatherhood spread quickly across the United States, as more and more states adopted the holiday. In 1924, President Calvin Coolidge recognized Father’s Day as the third Sunday in June of that year and encouraged states to do the same. Congress officially recognized Father’s Day in 1956 with the passage of a joint resolution.

    Ten years later, in 1966, President Lyndon Johnson issued a proclamation calling for the third Sunday in June to be recognized as Father’s Day. In 1972, President Richard Nixon permanently established the observance of the third Sunday in June as Father’s Day in the United States.

    Sonora Smart Dodd lived to see her idea come to fruition. She died in 1978 at the ripe old age of 96.

     

    Article: A Brief History of Father's Day by Andrew Hollandbeck

    READ MORE »