We are delighted to announce the launch of our new website!

Our new website provides our existing and prospective clients with a simple yet interactive view of our work and the services that we offer.

After 7+ years of ultra low rates

This is something that has been a long time coming.  There is a huge overhang of central bank debt around the world that now must be unwound. It will not be without pain. The following are a few articles on the subject that we hope will hep shed some light on what is happening and on what you can expect.

How The Bank of Canada rate hike will affect borrowers

Bank of Canada raisers interest rate for first time in 7 years

Further interest rate rises may or may not be on the cards in 2017 with no expert consensus as yet. Following the increase on July 12, Bank of Canada governor Stephen Poloz said that further rates would depend on data. The latest retail figures, released by StatsCan last week along with rising inflation have some calling for another rate rise before 2017 ends. TD Securities' Fred Demers told Bloomberg that an interest rate hike in October 'is a very likely scenario," while Benjamin Reitzes of BMO Capital Markets added: "October is still a very reasonable call for the bank." CIBC economist Avery Shenfeld is…

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…

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!

Urban design tourism, its becoming popular.  Many cities around the world are investing billions in wacky new architecture and Calgary is just one of many cities on joining the band wagon.

Currently we have two major projects in progress, The Telus Sky project and the new Central Library.  These international designs join a host of other major projects since 2000.

Take a Walk and check it out...

 

You have worked hard, saved and are financially ready to buy a home and your next step is to find the professionals, Jencor Mortgage Agents are licensed mortgage professionals and can also refer you to a licensed real estate professional as well as lawyers.  Jencor's team of professionals will provide advise to ensure you are comfortable and you successfully negotiate the best mortgage financing.

Whether purchasing your first home, vacation property, renewing your mortgage or looking at some investment properties. Let us work with you and provide you with the service and expertise you deserve.

Bank employees can assist in mortgage financing but they do not require a license through The Real Estate Council of Alberta.

We have Mortgage Advisors licensed in Alberta, British Columbia and Ontario.

Refer to the RECA website:  www.reca.ca / Searching for an Industry Professional.  All mortgage brokers in Alberta must obtain a license thru RECA. For British Columbia FICOM, Finanical Institutions Commission http://www.fic.gov.bc.ca/index.aspx?p=mortgage_brokers/index. Financial Services Commission of Ontario http://www.fic.gov.bc.ca/index.aspx?p=mortgage_brokers/index

 

Did you know that U-Haul releases an annual report which details the previous year's highest growth markets? The cities are calculated by the net gain of arriving one-way U-Haul trucks over departing one-way U-Haul trucks for a calendar year. The data is compiled from more than...

You're thinking about buying a home, which means you'll most likely be in the market for a mortgage. As with any large financial transaction, there is a lot of paperwork involved. Below is a list of the standard documentation you'll need to provide.

You’ve bought new home and there are a million things swirling in your mind to prepare as the closing day countdown ticks away. The normal hassles of changing your mailing address, canceling utilities and setting them up at the new place.

Part I - Hiking Rates

For the third time in four years, the Canada Mortgage and Housing Corporation (CMHC) recently announced it will again increase mortgage insurance premiums, which would average an additional $5 per month ($60/year) for the typical insured mortgage.

In July 2016, BC's government unexpectedly mandated a 15% tax on any foreign national buying real estate in Metro Vancouver. This maneuver was to put a major speed bump on the steady flow of offshore money (mainly Chinese), streaming into the province, which bore the brunt of the blame for Vancouver's record high real estate last year.

As we enter into 2017, we take a look back at major headlines in 2016 and projections for what might lay ahead for Canadians in the next 12 months.

New Mortgage Rules

Last October, Canada's Federal Finance Minister made an announcement that would affect those trying to qualify for a mortgage as of November 30, 2016. In the past, borrower's could qualify for a mortgage based on discounted rates.

A mortgage is a considerable financial investment for anyone. It is likely one of the biggest investments an individual will make in their lifetime and there are many aspects to consider to ensure that your type of mortgage is the right one for you.

If you've ever thought about trying to make more money, the idea of making an investment has probably crossed your mind. Perhaps you've thought about getting into real estate, as investing in property could potentially offer the perfect opportunity to expand your income.

No matter what kind of home you live in, it's probably safe to assume that you want it to be as close to your taste as possible, which is often more difficult than it sounds.

For anyone who wants to earn a little extra money on the side, real estate can offer the perfect opportunity. No matter what level of experience you have in this area, chances are you can make a decent side profit from real estate.

When it comes to securing a mortgage, it can be a tricky process. Anyone who has ever gone through it will know that there is a huge amount to take into consideration. Getting a decent mortgage is, for the most part, a process of figuring out every detail as fully as possible.

For potential homeowners, arranging to pay the deposit is only half the battle. Then, they need to think about the different types of mortgage and what’s best for their specific buying situation.

Mortgage Qualification Changes

Finance Minister Bill Morneau had announced on Monday October 3, 2016 sweeping changes aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low interest rates.