Jencor Mortgage |
Categories: Jencor News
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.
Jencor Mortgage |
Categories: Jencor News
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.
Jencor Mortgage |
Categories: Debt Consolidation , First Time Home Buyer Mortgage , Jencor News , Mortgage Broker , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage
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:
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!
Jencor Mortgage |
Categories: Jencor News
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!
Jencor Mortgage |
Categories: Jencor News , Mortgage Broker
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
Jencor Mortgage |
New Listings greatly outpaced resale demand in June as the city's improving housing market led more Calgarians to put their homes on the market.
click on the link for the article
Jencor Mortgage |
Categories: calgary real estate , Jencor News , Mortgage Refinancing , Mortgage Renewal , real estate news , recreational properties
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:
Edmonton Journal 06/20/2017
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.
Jencor Mortgage |
Categories: Commercial Mortgage , New Construction Mortgage
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...
Jencor Mortgage |
Categories: Jencor News
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
Jencor Mortgage |
Categories: cmhc , First Time Home Buyer Mortgage , Mortgage Companies , mortgage insurer , Mortgage Refinancing , Mortgage Renewal
New mortgage rules prohibit insured property from being refinanced and the fact that most lenders require mobile homes located in a mobile park to be insured, regardless of the amount of equity the owner has.
A number of brokers are already reporting cases where their clients have tried to refinance only to find it wasn't possible, or having to use private lenders with a higher interest rate and fees from the lender and the broker.
It has been noted that the restrictions aren't unique to mobiles homes, but can also include small condos under 550 square feet, homes on leased land, homes built using alternative building methods.
"To be very fair to a private lender, they realize that the ability for them to resell that home in the case of default is now very small and so their risk increases quite a lot as well." "They have a higher default on mobile homes and it cuts their losses that way, but that's still a very small number." (quote from Joel Olson, DLC Mortgage Expert in Kamloops)
"Article - Steve Huebel June 12, 2017 - Canadian Mortgage Trends"
Jencor Mortgage |
Categories: Jencor News , Preferred Partner
We are pleased to share with you our newest Jencor Preferred Partner,
Tire Kings
911 - 48 Avenue SE
www.calgarycarkings.com /service@calgarycarkings.com
They have put together a great package of deals for everyday of the week, wow!!
Monday
Tuesday
Wednesday
Thursday
Friday
Valued clients would be required to show their Jencor Mortgage Preferred Partner card in order to receive the promotion pricing.
*Prices are subject to change*
Jencor Mortgage |
Categories: cmhc , Debt Consolidation , First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Companies , mortgage insurer
Last week CMHC announced their first quarter results, and the Globe and Mail reported:
"Steven Mennill, CMHC's senior vice president of insurance, said most of the drop in demand for portfolio insurance in the first quarter was the result of a premium hike CMHC introduced January 1 because of new capital requirements for mortgage insurers that were introduced by Canada's financial regulator.
Mr. Mennill said CMHC doesn't know yet whether the drop in portfolio insurance signals a permanent shift in its business model or whether demand for the insurance product will swing back again.
"It's not clear at this point whether either of these changes will be sustained over the long term," he said. "Portfolio insurance (demand) is largely a function of the overall sources of capital and liquidity and funding available to lenders in the system, which is affected by a wide range of factors. The cost of portfolio insurance is just one of them."
The declining insurance volumes led to an 8.1% drop in premiums and fees earned by CMHC on new mortgage insurance written in the first quarter.
We are just wondering, perhaps CMHC's premium volume drop, is because of not accepting application for single unit rentals, not accepting applications of refinances, not accepting applications for properties valued at over $1 million rather than a premium hike.
CMHC used to promote itself as "helping house Canadians". CMHC now is in the business of preventing Canadians from achieving home ownership. Have all the changes CMHC instituted been in the best interests of the home buyer and mortgage consumer?
It would be very nice to see a dialogues about the role of CMHC in Canadian Housing. The House of Commons Standing committee did received testimony on the subject. The role of CMHC in our economy and in the housing market needs to be openly discussed and understood. Top down dictates from such an important institution do not serve Canadian well.
We all need to make ourselves aware of the government and CMHC's unintended consequences from mortgage rule changes. IF the VP of Insurance at CMHC is quoted as thinking the premium hike is responsible for the drop in revenue and not the restricted product offerings, perhaps more awareness is needed.
Croft Axsen
Broker Owner / President
Jencor Mortgage Corporation
Jencor Mortgage |
Categories: Debt Consolidation , Mortgage Broker , Mortgage Refinancing , Mortgage Renewal
Canadians are living longer. Statistics Canada's latest 2016 Census data release, will have big implications for the country's housing market suggests some economists. Statistics Canada announced this week that the latest results mark the first time census data has down more seniors than children living in the country as those born during the post-war baby boom continue to reach retirement age. There were 5.9 million people in Canada aged 65 and over last year, compared to 5.8 million who were no older that 14, according to the 2016 Census. "The increase in the proportion of seniors from 2011 to 2016 was the largest observed…
Jencor Mortgage |
Categories: Debt Consolidation , First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Companies , Mortgage Refinancing , New Construction Mortgage , Spousal Buyouts
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
JENCOR MORTGAGE CORPORATION |
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
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...
JENCOR MORTGAGE CORPORATION |
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
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.
JENCOR MORTGAGE CORPORATION |
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
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.
Jencor Mortgage |
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
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.
JENCOR MORTGAGE CORPORATION |
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
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.