Merry Christmas

By  Leann Scarlett |   | Posted in " Alberta Proud, Mortgage Broker Alberta, Red Deer Mortgage Broker, Universal Mortgage Solutions "

Christmas2.jpg

In the hustle and bustle of today, may you have time to sit and observe. Observe the ordinary ... the ordinary of the crisp winter air, the warmth of your favorite drink, the ordinary of a quiet moment ... and once you are here think of something or someone you are grateful for. As I sit in my quiet office, getting ready to shut down the computer for some time with my family and friends... Know that I am grateful for you.. all the stories you shared, your dreams and your goals :) May the spirit of the season fill your heart and home……


CLICK HERE TO READ THE FULL ARTICLE  »


First Home Savings Account

By  Leann Scarlett |   | Posted in " #First Time Home Buyers Savings Plan, Alberta Proud, Broker Red Deer, Down Payment, First Time Home Buyer, Mortgage, Mortgage broker, Mortgage Broker Alberta, Mortgage Broker Red Deer, Ponoka Mortgage Broker, Red Deer Mortgage Broker, Rocky Mountain House Mortgage Broker, Universal Mortgage Solutions, Working with Realtors "

FHSA.jpg

The deadline is approaching to contribute to the First Home Savings Account for 2023 tax year. If you are considering buying a home in 2024 or beyond this may be a great way to start saving for that home.    I will refer to this progarm as "FHSA" as we go forward.   The FHSA is a combination between an RRSP and a TFSA account (I wrote a blog in September bout this that can be found under blogs on my website)   This post is just a quick "Hey, Don't miss the window to contribute for 2023" (it's December 31, 2023)   Call me if you have……


CLICK HERE TO READ THE FULL ARTICLE  »


What A Ride 2023

By  Leann Scarlett |   | Posted in " #First Time Home Buyers Savings Plan, Alberta Prosperity, Alberta Proud, Alternative Mortgages, Broker Red Deer, Consolidation, Down Payment, First Time Home Buyer, First Time Home Buyers, FTHB, HOME BUYING, Home Buying 101, Home Equity Line of credit, Investment Mortgages, Metis Down Payment Assistance Program, Mortgage, Mortgage boker, Mortgage broker, Mortgage Broker Alberta, Mortgage Broker Red Deer, Mortgage Renewal, Ponoka Mortgage Broker, RE-FINANCING, Red Deer Mortgage Broker, Refinance, RENEWING, REVERSE MORTGAGES, Rocky Mountain House Mortgage Broker, Universal Mortgage Solutions, Working with Realtors "

Timing is everything and nows the time.png

Wow the 12th Month of the Year… (how did that happen) 😊 2023 had some ups and downs. Higher interest rates, lack of inventory in the real estate market, uncertainty of where interest rates may go, the scare of a housing shortage, on and on. Interest rates have spooked some buyers, and honestly the interest rate really isn’t that high. Did you know that the average 5 year fixed rate over the past 10 years is 4.17% (twenty five year average 5.26%). We aren’t to far off that right now. At this writing, we are currently in the mid 5’s (this……


CLICK HERE TO READ THE FULL ARTICLE  »


First Home Savings Account (FHSA)

By  Leann Scarlett |   | Posted in " #First Time Home Buyers Savings Plan, Alberta Prosperity, Alberta Proud, Alternative Mortgages, Broker Red Deer, Consolidation, Down Payment, First Time Home Buyer, First Time Home Buyers, FTHB, HOME BUYING, Home Buying 101, Home Equity Line of credit, Investment Mortgages, Metis Down Payment Assistance Program, Mortgage, Mortgage boker, Mortgage broker, Mortgage Broker Alberta, Mortgage Broker Red Deer, Mortgage Renewal, Ponoka Mortgage Broker, RE-FINANCING, Red Deer Mortgage Broker, Refinance, RENEWING, REVERSE MORTGAGES, Rocky Mountain House Mortgage Broker, Universal Mortgage Solutions, Working with Realtors "

Here is a fantastic savings plan that the government has created. It's a hybrid of an RRSP and a TFSA, for the purpose of home ownership. What is it... here are the details... -As of April 1, 2023, financial institutions have the ability to offer the new First Time Home Buyers Tax Free Savings Account -Under the new plan, prospective first-time home buyers have the ability to save $40,000.00 on a tax-free basis -Similar to a Registered Retirement Savings Plan (RRSP), any contributions will be tax deductible -Withdrawals' from the FHSA to purchase a home are non-taxable, similar to a TFSA -The Plan includes an $8,000.00……


CLICK HERE TO READ THE FULL ARTICLE  »


Are you Métis ? This Blog is For You!

By  Leann Scarlett |   | Posted in " Alberta Proud, First Time Home Buyer, Metis Down Payment Assistance Program, Mortgage broker, Ponoka Mortgage Broker, Red Deer Mortgage Broker, Rocky Mountain House Mortgage Broker "

Metis Flag.png

Did you know there is a Métis down payment assistance program. That's fact and it's back!  here are some of the details: Owning a home is now within your reach! Eligibility Criteria Must be a citizen of the Métis Nation of Alberta in good standing (at least one applicant must be an MNA citizen in good standing and their name must be on the title of said purchase). Must be gainfully employed NEW! Annual family maximum gross income of $150,000.00 Must be able to qualify for a mortgage with a major bank or financial institution  Must not own any other home currently or within the past three years. Must be 18……


CLICK HERE TO READ THE FULL ARTICLE  »