Author Archives Tania Grozelle

Red Deer Mortgage Broker – Typical Closing Costs to Expect

December 11, 2017
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The very last step in the process of purchasing your home is closing. At this point, all final documentation will be signed, funds will be distributed and keys will be exchanged.

While this part of the process can be the most exciting, because it means you will finally be able to move into your new home, it can also be quite intimidating. There are several steps that need to be taken for a closing to be successful, and each of these steps will require careful planning and lots of documentation.

Knowing what to expect ahead of time, especially where additional costs and fees are concerned, can help you avoid any hiccups that could prevent you from closing on time. The costs and fees that are typically associated with closing can include, but are not limited to:

  • Appraisal, Inspection and Survey Costs
  • Legal Fees
  • Title and Homeowner’s Insurance Payments
  • Title Insurance

In addition to the list above, one of the largest costs that you should plan to pay at closing is the down payment you will be making on your mortgage.

The process of closing on your mortgage should be an exciting time, and I want to make sure you get to experience that excitement as you finalize the purchase of your new home. As a trusted Red Deer mortgage broker, I am here to help you figure out what costs you will be responsible for at closing and the best way to make sure you are prepared for that responsibility.

Whether you have questions about how much you should expect to pay in closing costs or you are ready to get your mortgage process started, give me a call today! As a trusted Red Deer mortgage broker, I am always happy to answer questions or to help in any way that I can!

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Exciting News!

December 5, 2017
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As a Red Deer mortgage broker, my clients are always my top priority! I am dedicated to helping every client find the perfect financing for their situation and the access I have to some of Canada’s top lenders makes that all the more possible.


I am proud to announce that Regional Mortgage has partnered with the Mortgage Alliance Company of Canada. The Mortgage Alliance is a prestigious and influential mortgage brokerage that is well-known for assisting Canadian’s with their mortgage and home financing needs.


We are proud to have partnered with such an incredible brokerage because we now have the ability to offer our clients even more home financing opportunities and access to a larger database of knowledge and experience.


Whatever your mortgage needs are, you can rest assured knowing that you will be well taken care of by myself and the team of Red Deer mortgage experts that I work with! Give me a call today to discuss your mortgage options and to find out how I can be saving you money on the purchase of your dream home!

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Red Deer Mortgage Broker – Top Mortgage Myths

October 23, 2017
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As with nearly every other industry, there are some common “myths” that are associated with mortgages and the mortgage process that may hold some people back from pursuing their options when it comes to purchasing a home.

I have covered some of these topics in previous posts, going more into detail about credit and pre-approvals, but as a trusted Red Deer mortgage broker, I wanted to give you a more compiled list about the truth behind some of the most common mortgage myths.

Getting the Lowest Rate Means You Are Getting the Best Mortgage

We all know that interest rates can affect how much you pay for your mortgage on a monthly basis so the higher your interest rate is, the more you will end up paying over the life of your loan.

This does not mean that interest rates are the only thing that you should consider when it comes time to make important decisions about your mortgage. There are plenty of other things to consider, such as origination fees and closing costs.

For some people, even the different loan options provided by a broker, or the broker’s availability to their clients could make all the difference.

Pre-Approvals and Pre-Qualifications Are the Same Things

This is not true and believing this myth can cause lots of problems for borrowers further down the road in their mortgage process.

To obtain a pre-qualification, all that is required is a quick glance at your finances and a conversation with a mortgage professional. Your financial situation is barely considered during this process, making a pre-qualification relatively useless, unless you are just looking for a general idea of what you might be approved for.

During the pre-approval process, you will be required to fill out a complete mortgage application. Your mortgage professional will also pull your credit report and dig further into your current financial situation as well as your finances in the past. This process is much more in-depth than the pre-qualification process, giving a pre-approval much more weight. Obtaining a pre-approval means that you have essentially been approved for your mortgage and gives you a better tool to use in the home-buying process.

Please remember, though, that a pre-approval is not an approval. Things can still change, so it is important to maintain contact with your Red Deer mortgage broker throughout the process to make sure there is nothing that comes up unexpectedly.

You Must Have 20% for a Down Payment

While it is ideal to put more money down up front, that does not mean that you have to. There are now more options than ever for potential borrowers who have less than 20% to put down on the purchase of their home.

As an experienced Red Deer mortgage broker, I am always happy to help my clients find the mortgage options that work the best with their current financial situation. Whether you are working with a small down payment, curious about different rate options, or need a pre-approval, you have come to the right place! As an experienced Red Deer mortgage broker, I am always happy to help my clients find the mortgage options that work best for your situation.

Give me a call today to find out more!



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August Market Update

September 14, 2017
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in News

Home sales stay strong in Alberta, even as national levels are beginning to drop.

According to the latest report that was released by the Alberta Real Estate Association in July, the number of sales that were reported in the Alberta area last month rose to 5,282, which is a 3% increase over the same month last year. These sales have contributed $2,096,668,732 to the year to date total sales volume for residential sales in Alberta.

In contrast, the number of home sales there were recorded on a national level dropped nearly 12% on a year to year basis for the month of July.

The great news is that even while sales are still up in the Alberta market, prices aren’t!

In July of 2017, the average sales price of homes in the local area was recorded at $396,946. This figure is down 1.8% in comparison to the average sales price of homes recorded in July of last year.

The average sales price also fell nationally, decreasing 0.3% from July of 2016 to $478,696 in July of 2017.

With prices dropping and sales increasing, it’s no surprise that the number of new listings is also on the rise. As the Alberta market continues to remain hot, despite the cooler weather, more sellers are listing their properties and more buyers are snatching them up!

There were a total of 10,648 new property listings added to the market in July, bringing the active residential listings total to 34,109 at the end of the month. This total is 15.6% higher than the total at the end of July 2016.

These 34,109 listings give Alberta a 6.5 months supply of inventory, which is almost a full month more than the supply at the end of July last year.

If you are interested in purchasing a home in the area, give me a call today! As a trusted Red Deer mortgage broker, I am extremely knowledgeable about the local real estate market and I can’t wait to help you purchase the home of your dreams here!

For your free consultation, call (403) 606-2158!




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Benefits of a Pre-Approval

August 8, 2017
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Throughout my experience as a Red Deer mortgage broker, I have seen first-hand the benefits provided to a borrower by acquiring a pre-approval.

The process of getting pre-approved involves completing an official mortgage application and while it is much more in-depth than the process of getting pre-qualified it is well worth the time! A pre-approval can benefit you as a borrower in many ways, from accurately planning your budget and increasing your bargaining power, to opening your eyes to additional fees and saving you time in the long run.

Accurate Budget Planning

Perhaps the largest benefit of obtaining a pre-approval is that you will be able to accurately plan your budget. With a pre-approval, you will know exactly what price range you should be searching for your home in, which can help to quickly narrow down your search.

If you are going with a fixed rate mortgage, you will also know what to expect for your monthly payments and can accurately plan your budget around that figure.

Increase Bargaining Power

If you want sellers to take your offer seriously, it is important to get a pre-approval before you make your initial offer. This will show sellers that you are serious about your offer and that you have the documentation to back it up.

A pre-approval can even help increase your bargaining power, especially if there is competition among buyers for the same property. Sellers don’t want to risk agreeing to an offer made by someone who may not get approved for their loan, even if they are offering more money.

A pre-approval will also show sellers that you are already working with a professional and will be able to act quickly to complete the transaction.

Spot Additional Costs

There may be fees associated with your mortgage that you were unaware of before sitting down to begin the process. This is especially true for most first-time home buyers.

Going through the process of applying for your mortgage will lay everything out for you and give you the opportunity to discuss anything you are unsure of with your mortgage broker who can help you prepare for any unexpected costs.

Save Time

As long as you do not make any major changes (quit your job, get married, take out another loan, etc.) after you are pre-approved for your loan, the closing process will move along much faster since quite a bit will have been done already.

If you are interested in purchasing a home in the local area and would like to discuss getting pre-approved for your mortgage, give me a call today! As a trusted Red Deer mortgage broker, I am happy to get your mortgage process started and to answer any questions you may have along the way!




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Want to Raise Your Credit Score?

June 1, 2017
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As I’m sure you are aware, your credit score is one of the main determining factors when it comes to what mortgage options are available to you and how likely you are to get approved for the loan you want. In other words, usually the better your credit score, the better the rate and terms you will qualify and be approved for.

Because your credit score is such an important aspect of the mortgage process, I wanted to share some tips with you about how to raise your credit score. Being proactive about your credit and following through with these tips can help dramatically improve your mortgage options.

The first thing you will need to do is check your credit. You will need to find out what you are working with and compare that to where you want to be. While it is important to have a decent credit score, you don’t need to be striving for perfection. Find out where you stand and set a realistic goal of improving to a certain point that meets the qualifications for the mortgage loan you want to get approved for.

Once you are familiar with your credit score, it is time to get to work!

One of the fastest ways to improve your credit score is to reduce the amount of debt you currently owe. If you are not already paying off your debts, start now. Use the information pulled with your credit report to start tracking the debts you owe and begin making payments as soon as you can. If you can afford to make more than one payment a month, do it. The more debt you can pay off, the faster you will start to see the positive results.

It is also important to remember that once you begin this process, you should try not to add any additional debt. If you have to use your credit card, keep the balance as low as you possibly can and set reminders to pay your bills on time, so you can avoid paying interest or late fees.

Another great way to improve your credit is to open a new account. Remember that your goal is to have as little debt as possible, so if you do decide to open an additional credit card, follow the tips above to stay on top of your monthly payments and keep your balance low. Don’t make the mistake of opening too many accounts at once, though, which can have the opposite effect on your credit.

If you are unsure about how to view your credit report, or still don’t feel that you will be able to raise your credit score in time, give me a call today! I will review your finances with you to help you find the best options and create a plan to get you moving towards your goal of homeownership!




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Market Update – May 2017

May 2, 2017
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Do you know what the average price for a home in Alberta is?

Do you know how the average price of homes in Alberta compares to the average price of homes nationally?

As a Red Deer mortgage broker serving clients throughout Alberta, this is exactly the sort of information I gather to make sure that I am prepared to the best of my ability when it comes to serving my clients and helping them finance the home of their dreams.

I want to make sure that all my clients get the most competitive rates available to them and I am determined to use my professional lending contacts, my experience in the mortgage industry and my regularly updated market knowledge to make that happen.

To answer the questions above, the average price of homes sold in Alberta, during March 2017, was recorded at $404,804, while the average price of homes sold national, during the same month, $548,517.

Both of these figures are increases from the year before, with the average for Alberta rising 3.2% and the average for the Nation rising 8.2%, year over year.

In comparison with the national average, Alberta home prices are slightly lower than most other areas in Canada and are rising at a much slower pace.

This is great news for anyone looking to make a move to Alberta!

As a Red Deer mortgage broker with the backing of Dominion Lending Centres, I am proud to be able to help my clients purchase their dream homes in this wonderful city!

Whether you are interested in purchasing a home or in renewing or refinancing your existing mortgage, I have the skills and experience needed to make the mortgage process as quick and painless as possible, while saving you the most amount of money.

Give me a call if you would like more information or to set up your mortgage consultation today!



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Traits of a Great Mortgage Professional

April 4, 2017
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As I strive to be the Best Mortgage Broker Red Deer, I am committed to helping my clients surpass their dreams of home ownership to become secure in their finances as they proceed through the mortgage process.

Throughout my years in the mortgage industry, I have maintained my philosophy of putting my clients first. Every product and service I offer are designed and personalized by myself based on the specific financial needs and goals of each client. This is done to ensure that the mortgage they close on is the best fit for them.

I know that the mortgage process can seem overwhelming at times with the seemingly endless amount of questions and options to choose from. I also know that choosing the right mortgage broker is a large part of that equation and can add stress if you aren’t sure what you should be looking for.

A great mortgage professional will be eager to work with you on your financial situation, being proactive about moving the process along and clearing any hurdles you may be facing.

They will also be qualified to act as a mortgage professional on your behalf and should have the experience and knowledge necessary to help you make sound financial decisions. A great mortgage broker will do their best to accurately communicate this wealth of knowledge with you to help you feel as informed as possible about the choices you are making. They should be willing to take a step back and answer any questions you have or take the time to explain an aspect of the process that you are uncomfortable with.

The most important traits a great mortgage broker will have are honesty and integrity. Their knowledge of mortgages and experience in the industry are practically useless if you don’t trust them to take care of your financial future. Securing a mortgage is a big deal that shouldn’t be taken lightly.

Of course, there are other traits you may be looking for that could include things like personality, but these main characteristics are important for any great mortgage broker to have.

When it is time to secure your mortgage, remember these traits as you are searching for the Best Mortgage Broker Red Deer for your home purchase needs. If you are looking for someone who meets the above criteria, give me a call today for more information or to get your mortgage process started!



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Is it Time to Renew? Tips from a Red Deer Mortgage Broker

March 8, 2017
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As a Red Deer mortgage broker, I have been through the mortgage process with my clients countless times. From applications to pre-approvals and renewals.

Sometimes the process can seem never ending and it might be tempting to just sign your mortgage renewal paperwork without reviewing your options. This can cause you to miss out on locking in a lower interest rate or adding better terms and options to your existing agreement. For some, this might be because you were unaware that you had options when it comes to renewing your mortgage, but I’m here to let you know that you do!

The following checklist has been created to guide you through the process of renewing your mortgage and getting the most out of it:

One to Two Months Before

_ Research current mortgage rates and market statistics

_ Lock in a test rate to track before bringing up that rate in negotiations

_ Use a mortgage calculator

One Month to Two Weeks Before

_ Begin negotiations on rates and other options

One Week Before

_ Double check your agreement before committing to the renewal

Of course, all of the steps above are things you can do on your own, but having an experienced Red Deer mortgage broker on your side will help ensure the renewal process goes as smoothly as possible.

Mortgage brokers work with you and for you! We can research and negotiate rates on your behalf. This step of the process is usually where clients request the most help because negotiating with financial institutions can definitely feel intimidating. I have worked with many of the local financial institutions over the years and the relationships I have built through these business dealings gives me a “leg up” on negotiating your rates with them.

I hope you have found this information useful and I am looking forward to helping you through your renewal process!

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5 Reasons to Use a Red Deer Mortgage Broker

January 13, 2017
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Having trouble deciding whether to secure your home financing through a bank or a Red Deer mortgage broker? 

If this is the case, then look no farther than DLC Regional Mortgage Group in Red Deer. As a Red Deer mortgage broker, I understand that the process of finding the right mortgage and purchasing a home is a major financial decision. I also recognize that it can be an intimidating process, especially for first-time homebuyers.

If you are unable to decide between a bank or a broker, here are five reasons why I believe you should go with a Red Deer mortgage broker for your mortgage needs.

Brokers Work for YOU

As a Red Deer mortgage broker, I work for you, not for the bank. Because I am not employed by any banks or lenders, you can rest assured that any advice or recommendations you receive from me are guaranteed to be in your best interest.

Brokers Offer More Choices

I have access to a huge selection of the top lenders and financial institutions in the nation. As a part of the Dominion Lending Centre family, I can confidently shop around to get you the best mortgage options and rates possible.

Banks can only offer a small handful of options, which doesn’t benefit you when it comes to getting the best mortgage package for your situation.

Brokers Provide Everything You Need, All in One Place

Instead of searching tirelessly for the best mortgage rates, why not have me do the work for you? I can also handle all the negotiating and legal paperwork for you.

Brokers Are Experts at What They Do

I am an experienced, qualified mortgage professional in the Red Deer mortgage industry. I have worked hard to stay up to date with all the different mortgage and lending options that are currently available.

My years of experience in the Red Deer area have also given me a greater understanding of the local real estate markets.

Brokers Form Lasting Relationships

When dealing with something as important as securing financing and purchasing a home, it is important to have a trusting and professional working relationship.

If you obtain a mortgage through a bank, you won’t connect with the employees you do business with in the same way you would with a mortgage broker. You may even have to work with a different employee every time you go in!

It is my hope that this list has helped make your decision between bank and broker a bit easier.

Whether you are planning to purchase a home or interested in refinancing your existing mortgage, I am here to help. Give me a call today at 403-392-5808 for more information or to set up a consultation!

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