Arlene Arneson - Canadian Mortgage Experts

☁️ Is your dream to be a home owner? Or to live on an acreage? Or by the lake?
I may be able to make your dreams become a reality - call me 403-391-8827

Roughly 1 in 6 Canadians work for themselves.
Are you self employed and having issues getting approved for a mortgage? Give me a call as I specialize in self employed. I would be happy to discuss your options and what may work for you. 403-391-8827

How did the Stress Test impact Canadians?
The government’s latest mortgage rule changes have caused an imbalance between supply and demand in almost every region of the country, and will result in an estimated 200,000 fewer jobs being created over the next three years.
Those are among the findings of Mortgage Professionals Canada’s newly released Report on the Housing and Mortgage Market in Canada.
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Are you self employed? I HAVE SOME GOOD NEWS!!!
Over the last few years, it’s been more a story about tightening rules and regulations, mitigating risk, and restricting lending practices than anything. However the Canadian Mortgage and Housing Corporation (CMHC) just announced that it looks like mortgage financing for self-employed Canadians might just be getting a little more flexible.
Although changes won’t come into effect until October of 2018, any news about increased f...lexibility in mortgage qualification is welcome!
If you’re self-employed and have been considering buying a property, please don’t hesitate to reach out to me at 403-391-8827. I would love to help help you put a plan in place, and can determine if these new changes will be beneficial to you!
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A little funny for Thursday! If you are worried about your credit, lets talk. I can offer tips to improve your credit and let you know where your beacon score needs to be in order to reach your home buying goals!

Mortgage Rules...
If you own a home, or looking to buy one, you probably know about tighter mortgage rules. In case you were unaware, last fall, OSFI, (the Office of Superintendent of Financial Institutions) the agency that regulates the financial industry, announced changes to rules around mortgages. The biggest change, that affects you, the consumer, relates to uninsured mortgages, or homebuyers with 20 per cent or more for a down payment. These people will have to go thro...ugh a “stress test” or qualify using a minimum qualifying rate.
These new rules came into effect in January and come on the heels of several rate hikes from the Bank of Canada. And many economists and industry watchers are predicting the bank has a few more rate hikes instore before the year is out. We may already be seeing some of the effects of all this pressure on mortgage financing. Real estate markets, especially in the very heated Toronto-area, are starting to cool quite a bit. The Canadian Real Estate Association (CREA) has adjusted its forecast for home sales across the country, predicting an 11 per cent decline from 2017.
So, do you need to be worried?
If your mortgage is coming up for renewal and you’re staying with your original lender, you don’t need to be at all.
For now, you can just renew without requalifying. However, there have been hints the government could change that in the future.
If you’ve got a steady job, a credit score over 700, no debts and you make $60,000 a year in salary, getting a mortgage also shouldn’t be a problem in this lending environment.
But, it could be tougher if you’re newly self-employed or carrying a large amount of consumer debt. That said, mortgage brokers have access to literally hundreds of lenders and can always find a way to get funding.
So taking everything into consideration, the best thing to do is review your portfolio with your mortgage broker. We’re still in a relatively low rate environment, but it could change come this time next year.
If your mortgage isn’t up until 2019, it may make sense to get out of your current mortgage and pay a small fee to get a better long-term rate.
It’s always a good time to review your mortgage because everybody’s situation is different regardless of where you are in your term. Give me a call or text and I would love to discuss your options 403-391-8827
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What's Motivating Canadian Home Buyers??
Canadian homebuyers are being driven by three key motivations: the fear of missing out, the perceived impact of foreign investors and expectations of future price growth.
These are the findings from CMHC’s recent Housing Market Insight report, which surveyed 30,000 recent homebuyers in Vancouver, Toronto and Montreal.
...Continue Reading

Happy Canada Day weekend to all my friends and clients! I hope you enjoy the long weekend with your friends and family!

Hi, my name is Arlene and I have worked in the lending industry for 30 years spending time as both a lender and a mortgage associate/agent, being a mortgage associate for 15 years. I am an independent contractor who works with borrowers to obtain mortgage financing and also work with several referral sources and maintain a great relationship with them. I deal with 40+ lenders, acting on behalf of the borrower to get the best product and best interest rate for their financial ...needs. RATE BUY DOWNS ARE AVAILABLE.
Prior to 2002, I was employed with several lenders/banks in Calgary as a senior mortgage underwriter where I analyzed risk in regards to credit, down payment, property, employment and financial statements. I reviewed and adjudicated applications responding to brokers within allotted time frames, practiced due diligence of completion/fund of all residential mortgages, and was fully versed in lending policies of 40+ lenders, CMHC/GE/CG.
Every one of my clients deserves to be treated with respect and that is exactly what they will get from me when they come to me for mortgage financing. I will provide them with knowledge & help them through the process of obtaining a mortgage. Purchasing a property and getting a mortgage is the biggest investment clients obtain throughout their lifetime so I want to make sure they are provided with professional advice. If clients are not in the position to qualify for a mortgage today, I am able to put a plan together and help them qualify for a mortgage in the future.
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I can't emphasize how wonderful Arlene is! She has always gone an extra mile for me in every mortgage I've ever had. I'll never use another broker.

I can't emphasize how wonderful Arlene is! She has always gone an extra mile for me in every mortgage I've ever had. I'll never use another broker.

I can't emphasize how wonderful Arlene is! She has always gone an extra mile for me in every mortgage I've ever had. I'll never use another broker.

I can't emphasize how wonderful Arlene is! She has always gone an extra mile for me in every mortgage I've ever had. I'll never use another broker.