When a Spouse Dies: What Happens to the Joint Mortgage in Canada

General Travis Bannert 29 Oct

After a spouse dies, the mortgage is usually the largest bill in a house that suddenly runs on one income. In Canada, a surviving joint borrower remains fully responsible for the mortgage, the home generally passes by survivorship where title is held jointly, and life insurance — including any mortgage life insurance — becomes the first file to open. Nothing about the payment schedule pauses for grief, so the practical goal of the first month is simple: keep payments current, notify the lender, and get advice before making any permanent change.

Insurance and benefit income first

Check for mortgage protection insurance, employer life insurance and personal policies before deciding to sell or refinance. Survivor benefits, CPP survivor’s pension and pension survivor options all change the income picture. A refinance that looked necessary in week one may be unnecessary once benefits are in place — and a sale decided in haste cannot be undone.

When refinancing or a HELOC helps — and when it does not

If one income genuinely cannot carry the home, extending amortization at renewal, consolidating other debts, or in some cases a reverse mortgage can close the gap without a forced sale. Get the full picture priced before listing. Equally, if staying is right emotionally but impossible mathematically even with every option, a planned sale on your timeline is kinder than arrears on the lender’s.

A note on rates

Posted rates are a starting point, not the final word. Rates are sometimes negotiable depending on the person and the situation, and we work with multiple lenders who offer different products and sometimes more competitive rates than any single posted table shows. Contact us and we will shop across lenders for your file — call Travis Bannert at 780-720-8240. Any rate quoted for your file is based on an application and lender approval — it is confirmed only when a lender reviews your full application.

Start with a check, not a guess

Run your numbers through the Pre-Approval & Refinance Check — that page is the fastest way to sign up for a review of what you qualify for, what documents you need, and what your payment would look like on the homes you are actually watching in Edmonton and across Alberta.

Frequently asked questions

Do I have to requalify for our mortgage if my spouse dies?
Not usually just because of the death — the existing mortgage continues on its terms for the surviving borrower. You would qualify fresh only if you refinance, add borrowing, or change the mortgage structure.

Does the mortgage payment pause while the estate is settled?
No. Payments continue on the normal schedule, which is why notifying the lender and confirming any mortgage insurance in the first weeks matters more than any long-term decision.

Should I sell the house right away?
Almost never in the first month. Confirm insurance, survivor benefits and the real monthly picture first; a planned decision a few months later is almost always better than a forced one made in week one.

Thinking about this move in Edmonton or anywhere in Alberta? Call Travis Bannert at 780-720-8240 — I will try to call you this week, or reply with a good time and we will set a phone appointment to walk through your file step by step.

By Travis Bannert, Mortgage Broker
Travis Bannert, Mortgage Broker | Next Door Mortgages, BFL Dominion Lending Centres | 780-720-8240 | nextdoormortgages.com

Moving From Ontario to Alberta: The Mortgage Moves That Save You Money and Stress

General Travis Bannert 28 Oct

An Ontario-to-Alberta move is the friendliest interprovincial financing in Canada, starting with the line item Alberta does not charge: there is no provincial land transfer tax here, which on an Ontario purchase can equal a small car. The mortgage decision itself is whether to port your Ontario mortgage — keeping its rate and terms by transferring it to the Alberta home, if the lender and property qualify — or to arrange new financing and settle the old mortgage on your Ontario sale, penalty and all. Porting is not automatic; it is a fresh approval on the new property and your current file.

Edmonton home financing guidance — Moving From Ontario to Alberta: The Mortgage Moves That Save You Money and Stress
Photo via Wikimedia Commons.

Sequence the two closings first

Buyers who must own in Alberta before the Ontario home sells need bridge financing arranged in advance and a lender comfortable with the overlap. Where possible, close the Ontario sale first and the Alberta purchase days later; hotel weeks are cheaper than financing mistakes. Alberta possession is typically at noon on closing day once funds transfer — build your movers around that, not around Ontario habits.

Costs that differ here

Beyond the absent land transfer tax, Alberta closings use a lawyer (not a notary), property tax proration runs on a calendar-year basis that surprises Ontario buyers mid-year, and new-build GST treatment differs from resale norms. Your Alberta pre-approval should model the actual Alberta closing statement, which any broker here produces routinely — ask for it before you set your offer price.

A note on rates

Posted rates are a starting point, not the final word. Rates are sometimes negotiable depending on the person and the situation, and we work with multiple lenders who offer different products and sometimes more competitive rates than any single posted table shows. Contact us and we will shop across lenders for your file — call Travis Bannert at (780) 720-8240. Any rate quoted for your file is based on an application and lender approval — it is confirmed only when a lender reviews your full application.

Start with a check, not a guess

Run your numbers through the Pre-Approval & Refinance Check — that page is the fastest way to sign up for a review of what you qualify for, what documents you need, and what your payment would look like on the homes you are actually watching in Edmonton and across Alberta.

Frequently asked questions

Can I port my Ontario mortgage to an Alberta home?
Often yes, if your lender operates in Alberta, the new property qualifies and you still qualify — subject to that lender’s porting rules and timelines. Confirm in writing before relying on it.

Thinking about this move in Edmonton or anywhere in Alberta? Call Travis Bannert at (780) 720-8240 — I will try to call you this week, or reply with a good time and we will set a phone appointment to walk through your file step by step.

By Travis Bannert, Mortgage Broker
Travis Bannert, Mortgage Broker | Next Door Mortgages, BFL Dominion Lending Centres | (780) 720-8240 | nextdoormortgages.com

Guarantor vs Co-Signer on a Canadian Mortgage: Who Owes, Who Owns, Who Is on Title

General Travis Bannert 28 Oct

Families use ‘co-sign’ for two legally different arrangements. A co-signer (co-borrower) is on the mortgage and usually on title — a full owner who owes the full debt. A guarantor is on the mortgage covenant but not normally on title — they owe if the borrower defaults, without owning the home. The distinction drives tax treatment, capital gains exposure, estate planning and whether the helper’s own future mortgage application is burdened by the debt.

Edmonton home financing guidance — Guarantor vs Co-Signer on a Canadian Mortgage: Who Owes, Who Owns, Who Is on Title
Photo via Wikimedia Commons.

What each role does to the helper

For a co-signer, the full mortgage payment counts in their debt ratios for any future borrowing, because they own and owe. For a guarantor, lenders assessing the guarantor’s own later application also generally count the obligation. Neither role is consequence-free; both require independent legal advice in most transactions, and spouses are sometimes restricted from guaranteeing each other’s loans under lender policy. The genuinely light-touch alternative is often a gifted down payment that removes the need for a helper entirely.

When each structure fits

Young buyers with thin income but strong family support are often placed with a guarantor so title stays clean. Purchases where the helper is truly a co-owner — a parent buying with an adult child as a shared home — fit co-borrowership. Insurer and lender rules on who may be a covenant-only guarantor vary, so the structure must be matched to a specific lender before the offer is written.

A note on rates

Posted rates are a starting point, not the final word. Rates are sometimes negotiable depending on the person and the situation, and we work with multiple lenders who offer different products and sometimes more competitive rates than any single posted table shows. Contact us and we will shop across lenders for your file — call Travis Bannert at (780) 720-8240. Any rate quoted for your file is based on an application and lender approval — it is confirmed only when a lender reviews your full application.

Start with a check, not a guess

Run your numbers through the Pre-Approval & Refinance Check — that page is the fastest way to sign up for a review of what you qualify for, what documents you need, and what your payment would look like on the homes you are actually watching in Edmonton and across Alberta.

Frequently asked questions

Does being a guarantor affect my ability to get my own mortgage?
Yes, usually. Most lenders count the guaranteed mortgage payment in your ratios when you apply for your own financing, until you are formally released.

Thinking about this move in Edmonton or anywhere in Alberta? Call Travis Bannert at (780) 720-8240 — I will try to call you this week, or reply with a good time and we will set a phone appointment to walk through your file step by step.

By Travis Bannert, Mortgage Broker
Travis Bannert, Mortgage Broker | Next Door Mortgages, BFL Dominion Lending Centres | (780) 720-8240 | nextdoormortgages.com

Nurses and Healthcare Workers: Using Overtime and Shift Premiums to Qualify in Alberta

General Travis Bannert 28 Oct

Healthcare pay is built from layers — base salary, shift differentials, overtime, on-call and casual pickups — and mortgage lenders count the layers differently. Guaranteed base salary from a permanent line is used in full. Overtime and premiums are normally averaged over two years from your T4s and confirmed by your employer as a continuing feature of your role. For Alberta nurses whose real income runs well above base, assembling that two-year proof is often the difference between the home they want and the home the first lender offered.

Edmonton home financing guidance — Nurses and Healthcare Workers: Using Overtime and Shift Premiums to Qualify in Alberta
Photo via Wikimedia Commons.

Casual and newly permanent staff

Casual employees face the seasonal problem in scrubs: lenders want a track record, commonly two years, though a move from casual to a permanent line with guaranteed hours can be confirmed by an employment letter and used sooner with some lenders. Keep pay stubs that break out the premium categories; a single gross year-to-date figure forces an underwriter to guess conservatively.

Stacking healthcare income with a purchase plan

If a large share of your income is overtime, discuss sustainability honestly: lenders may average it, but your own budget should survive a year when you choose to work less of it. Bring your last two T4s, a current pay stub with the breakdown, and an employer letter confirming position, tenure, guaranteed hours and the ongoing availability of the premiums.

A note on rates

Posted rates are a starting point, not the final word. Rates are sometimes negotiable depending on the person and the situation, and we work with multiple lenders who offer different products and sometimes more competitive rates than any single posted table shows. Contact us and we will shop across lenders for your file — call Travis Bannert at (780) 720-8240. Any rate quoted for your file is based on an application and lender approval — it is confirmed only when a lender reviews your full application.

Start with a check, not a guess

Run your numbers through the Pre-Approval & Refinance Check — that page is the fastest way to sign up for a review of what you qualify for, what documents you need, and what your payment would look like on the homes you are actually watching in Edmonton and across Alberta.

Frequently asked questions

Does a new permanent nursing line count right away?
Often yes for the guaranteed base hours, with an employer letter and probationary terms satisfied. The overtime and premium layers still usually need the two-year record.

Thinking about this move in Edmonton or anywhere in Alberta? Call Travis Bannert at (780) 720-8240 — I will try to call you this week, or reply with a good time and we will set a phone appointment to walk through your file step by step.

By Travis Bannert, Mortgage Broker
Travis Bannert, Mortgage Broker | Next Door Mortgages, BFL Dominion Lending Centres | (780) 720-8240 | nextdoormortgages.com

Commission Income and Your Mortgage: The Two-Year Rule and Its Exceptions

General Travis Bannert 28 Oct

Commission income is qualified on history, not hope. Canadian lenders typically average two years of commission earnings from your tax returns, ask your employer to confirm your role and commission structure, and look hard at the trend: a rising average is a strong file, a falling one invites questions and sometimes a lower figure. Borrowers new to a commission role — however confident the pipeline — usually cannot use projected earnings until the tax record exists.

Edmonton home financing guidance — Commission Income and Your Mortgage: The Two-Year Rule and Its Exceptions
Photo via Wikimedia Commons.

When the average understates you

A mid-career switch into commission, a parental leave year inside the average, or one pandemic-style anomaly can drag a two-year average below reality. Some lenders will consider exceptions with a strong employment letter and year-to-date proof; B lenders will weigh bank deposits and contracts more heavily, at B pricing. The file improves with every filed tax year, so sequencing a purchase around filing season is sometimes the smartest single move.

Bonuses, overtime and shift premiums

The same two-year logic usually applies to overtime, bonuses and shift differentials in nursing, trades and emergency services: documented, averaged, and confirmed by your employer as ongoing. If a premium is new or temporary, do not build the purchase price on it. Bring pay stubs showing year-to-date figures plus two years of T4s and Notices of Assessment.

A note on rates

Posted rates are a starting point, not the final word. Rates are sometimes negotiable depending on the person and the situation, and we work with multiple lenders who offer different products and sometimes more competitive rates than any single posted table shows. Contact us and we will shop across lenders for your file — call Travis Bannert at (780) 720-8240. Any rate quoted for your file is based on an application and lender approval — it is confirmed only when a lender reviews your full application.

Start with a check, not a guess

Run your numbers through the Pre-Approval & Refinance Check — that page is the fastest way to sign up for a review of what you qualify for, what documents you need, and what your payment would look like on the homes you are actually watching in Edmonton and across Alberta.

Frequently asked questions

Is projected commission from a new job usable for a mortgage?
Generally no with mainstream lenders. You will typically need filed tax history in the commission role, though strong compensating factors can win exceptions with some lenders.

Thinking about this move in Edmonton or anywhere in Alberta? Call Travis Bannert at (780) 720-8240 — I will try to call you this week, or reply with a good time and we will set a phone appointment to walk through your file step by step.

By Travis Bannert, Mortgage Broker
Travis Bannert, Mortgage Broker | Next Door Mortgages, BFL Dominion Lending Centres | (780) 720-8240 | nextdoormortgages.com

Incorporated in Alberta? How Lenders Use Your Salary, Dividends and Corporate Retained Earnings

General Travis Bannert 28 Oct

Incorporated borrowers confuse lenders only when the file confuses itself. Paying yourself a salary produces a T4 and cleanly provable income; dividends produce T5s and a two-year averaging conversation; leaving money in the corporation produces retained earnings that some lenders will consider as a sign of strength and a few programs will count directly. The same owner, with the same real earnings, can qualify for very different amounts depending on which lender type reads the file and how the last two tax years were structured.

Edmonton home financing guidance — Incorporated in Alberta? How Lenders Use Your Salary, Dividends and Corporate Retained Earnings
Photo via Wikimedia Commons.

Salary, dividends and the two-year average

Most A lenders average two years of personal income from your tax returns — salary plus dividends as declared — and want corporate financials and a notice confirming taxes are paid. A sharp recent drop needs explaining; a rising trend helps. If this year’s compensation was deliberately minimized for tax reasons, say so early: B-lender and stated-income programs exist precisely for this gap, with bigger down payment and stronger credit expected.

What to bring to the first meeting

Two years of personal T1s and Notices of Assessment, the corporate T2 and financial statements, articles of incorporation, and proof corporate taxes are not in arrears. With that package, a broker can place the file correctly the first time instead of discovering mid-offer that your chosen lender reads dividends differently.

A note on rates

Posted rates are a starting point, not the final word. Rates are sometimes negotiable depending on the person and the situation, and we work with multiple lenders who offer different products and sometimes more competitive rates than any single posted table shows. Contact us and we will shop across lenders for your file — call Travis Bannert at (780) 720-8240. Any rate quoted for your file is based on an application and lender approval — it is confirmed only when a lender reviews your full application.

Start with a check, not a guess

Run your numbers through the Pre-Approval & Refinance Check — that page is the fastest way to sign up for a review of what you qualify for, what documents you need, and what your payment would look like on the homes you are actually watching in Edmonton and across Alberta.

Frequently asked questions

Can lenders count money left inside my corporation?
Some alternative and private programs consider retained earnings or corporate net worth as supporting strength, and a few will use them more directly. Mainstream lenders generally count only what you pay yourself.

Thinking about this move in Edmonton or anywhere in Alberta? Call Travis Bannert at (780) 720-8240 — I will try to call you this week, or reply with a good time and we will set a phone appointment to walk through your file step by step.

By Travis Bannert, Mortgage Broker
Travis Bannert, Mortgage Broker | Next Door Mortgages, BFL Dominion Lending Centres | (780) 720-8240 | nextdoormortgages.com

Qualifying for a Mortgage on Pension and RRIF Income in Canada

General Travis Bannert 28 Oct

Retirement income is real income to a mortgage lender — but it is documented differently, and files fail when pension income is described instead of proven. Canadian lenders can use company pensions, CPP, OAS, RRIF withdrawals and some investment income, each with its own evidence: pension statements, T4A slips, Notices of Assessment and account statements showing a withdrawal pattern. Borrowers with strong assets sometimes qualify under net-worth or asset-based programs when the income paperwork understates their position.

Edmonton home financing guidance — Qualifying for a Mortgage on Pension and RRIF Income in Canada
Photo via Wikimedia Commons.

How RRIF income is counted

A single large RRIF withdrawal does not automatically become your annual income. Lenders look for a sustainable, repeated pattern — often two years of withdrawals — or they may average and haircut the amount. Planning a purchase two tax years ahead lets you set a withdrawal pattern that both suits your taxes and reads clearly to a lender. That is a conversation to have with your accountant and broker together, not separately.

Using assets when income looks thin

Some lenders offer programs that consider liquid assets and net worth alongside income, which suits retirees who keep taxable income deliberately low. Not every lender offers them, and the property and credit standards still apply. Bring a full asset picture — registered and non-registered accounts, other property, and debts — to the first meeting so the right lender type is chosen the first time.

A note on rates

Posted rates are a starting point, not the final word. Rates are sometimes negotiable depending on the person and the situation, and we work with multiple lenders who offer different products and sometimes more competitive rates than any single posted table shows. Contact us and we will shop across lenders for your file — call Travis Bannert at (780) 720-8240. Any rate quoted for your file is based on an application and lender approval — it is confirmed only when a lender reviews your full application.

Start with a check, not a guess

Run your numbers through the Pre-Approval & Refinance Check — that page is the fastest way to sign up for a review of what you qualify for, what documents you need, and what your payment would look like on the homes you are actually watching in Edmonton and across Alberta.

Frequently asked questions

Can I get a mortgage at 70 or older in Canada?
Yes. There is no maximum age for a mortgage in Canada. Lenders assess income, credit, property and debt ratios the same way, and some products, such as reverse mortgages, are designed specifically for borrowers 55+.

Thinking about this move in Edmonton or anywhere in Alberta? Call Travis Bannert at (780) 720-8240 — I will try to call you this week, or reply with a good time and we will set a phone appointment to walk through your file step by step.

By Travis Bannert, Mortgage Broker
Travis Bannert, Mortgage Broker | Next Door Mortgages, BFL Dominion Lending Centres | (780) 720-8240 | nextdoormortgages.com

After Divorce in Alberta: Removing a Spouse From the Mortgage and Title

General Travis Bannert 28 Oct

One of the most common divorce surprises in Alberta is learning that a signed separation agreement does not change the mortgage at all. Both names stay liable to the lender until the mortgage is refinanced, assumed with a release, or the home is sold — regardless of what the agreement says between the two of you. The spouse keeping the home must qualify for the mortgage alone, and that test should happen before the agreement is finalized, not after.

Edmonton home financing guidance — After Divorce in Alberta: Removing a Spouse From the Mortgage and Title
Photo via Wikimedia Commons.

Qualifying on one income

The lender re-runs the full file on the keeper’s income: employment, support received or paid, other debts, and the stress test. Child or spousal support you receive can count as income with a track record and a formal agreement; support you pay reduces what you qualify for. If the solo file does not qualify yet, options include a co-signer, a longer timeline to build the support track record, or a planned sale — all better discovered early.

Title, legal steps and timing

Mortgage approval and the legal transfer of title move together through your lawyers, and land titles registration in Alberta takes time. Build that lag into possession and payout dates in your agreement. If a buyout amount depends on a valuation date, agree the valuation method at the same time, so the mortgage amount is not argued twice.

A note on rates

Posted rates are a starting point, not the final word. Rates are sometimes negotiable depending on the person and the situation, and we work with multiple lenders who offer different products and sometimes more competitive rates than any single posted table shows. Contact us and we will shop across lenders for your file — call Travis Bannert at (780) 720-8240. Any rate quoted for your file is based on an application and lender approval — it is confirmed only when a lender reviews your full application.

Start with a check, not a guess

Run your numbers through the Pre-Approval & Refinance Check — that page is the fastest way to sign up for a review of what you qualify for, what documents you need, and what your payment would look like on the homes you are actually watching in Edmonton and across Alberta.

Frequently asked questions

Does my ex stay responsible if I keep the house and the agreement says so?
To the lender, yes — until the lender releases them through a refinance or approved assumption. The agreement can allocate responsibility between you, but it does not bind the lender.

Thinking about this move in Edmonton or anywhere in Alberta? Call Travis Bannert at (780) 720-8240 — I will try to call you this week, or reply with a good time and we will set a phone appointment to walk through your file step by step.

By Travis Bannert, Mortgage Broker
Travis Bannert, Mortgage Broker | Next Door Mortgages, BFL Dominion Lending Centres | (780) 720-8240 | nextdoormortgages.com

Keeping an Inherited Home in Alberta: Mortgages, Probate and the Executor’s Options

General Travis Bannert 28 Oct

An inherited home arrives with grief attached and a mortgage file nobody in the family chose. In Alberta, the executor cannot usually deal freely with the property until probate is granted, the deceased’s mortgage does not simply disappear, and if several children inherit together, the one who wants to keep the house usually has to buy out the others — with financing arranged at exactly the moment paperwork is slowest. Starting the mortgage conversation early, in parallel with the legal work, is what keeps options open.

Edmonton home financing guidance — Keeping an Inherited Home in Alberta: Mortgages, Probate and the Executor's Options
Photo via Wikimedia Commons.

What happens to the existing mortgage

Most mortgages become due or must be addressed on death, but lenders generally work with estates that keep payments current while probate proceeds. Do not stop payments, and tell the lender what is happening in writing. If a beneficiary will keep the home, that person will normally need a new mortgage in their own name to pay out the estate or the other beneficiaries — their own income and credit decide that approval, not the deceased’s history.

Valuation, buyouts and family agreements

Get a proper valuation early; sibling buyouts built on a guessed price create the disputes that outlive the estate. Once probate and value are clear, the buyout mortgage is structured like any purchase between family members, with legal advice for each side. Document who paid what during the interim — taxes, insurance, repairs — so the final split reflects reality, not memory.

A note on rates

Posted rates are a starting point, not the final word. Rates are sometimes negotiable depending on the person and the situation, and we work with multiple lenders who offer different products and sometimes more competitive rates than any single posted table shows. Contact us and we will shop across lenders for your file — call Travis Bannert at (780) 720-8240. Any rate quoted for your file is based on an application and lender approval — it is confirmed only when a lender reviews your full application.

Start with a check, not a guess

Run your numbers through the Pre-Approval & Refinance Check — that page is the fastest way to sign up for a review of what you qualify for, what documents you need, and what your payment would look like on the homes you are actually watching in Edmonton and across Alberta.

Frequently asked questions

Can I get a mortgage on a home I inherited before probate is finished?
Usually the new mortgage funds after probate is granted and title can transfer. You can, however, get fully assessed and pre-approved during probate so funding is ready when the legal step completes.

Thinking about this move in Edmonton or anywhere in Alberta? Call Travis Bannert at (780) 720-8240 — I will try to call you this week, or reply with a good time and we will set a phone appointment to walk through your file step by step.

By Travis Bannert, Mortgage Broker
Travis Bannert, Mortgage Broker | Next Door Mortgages, BFL Dominion Lending Centres | (780) 720-8240 | nextdoormortgages.com

Downsizing in Edmonton: Take a Small Mortgage or Buy Mortgage-Free?

General Travis Bannert 28 Oct

Many Edmonton downsizers assume mortgage-free is automatically the right answer because it was the goal for thirty years. It is often right — but not always. Keeping a small mortgage can preserve cash for health costs, help for adult children, or a renovation that makes the new home work for a decade, while paying the home off in full can free monthly cash flow and remove a payment from a fixed retirement income. The right answer is a cash-flow decision first and a pride decision second.

Edmonton home financing guidance — Downsizing in Edmonton: Take a Small Mortgage or Buy Mortgage-Free?
Photo via Wikimedia Commons.

Why mortgage-free is not always the cheapest feeling option

If every spare dollar goes into the purchase, the home is paid for but the bank account is thin. A furnace, a special assessment in a condo, or a family emergency then lands on a credit card or a line of credit arranged in a hurry. Lenders also look differently at a retiree with reserves than at one who is house-rich and cash-poor. Keeping a modest reserve — even if it means a small mortgage — often produces the calmer household budget, especially in the first year after a move when costs cluster.

How qualifying works on retirement income

Lenders qualify downsizers on pension, CPP, OAS, RRIF and investment income, with documents for each source. A smaller mortgage keeps debt-service ratios comfortable on that income and leaves room if rates or condo fees rise. Run both versions — paid in full and small mortgage — side by side before you list, so the decision is made with numbers while there is still time to change the plan.

A note on rates

Posted rates are a starting point, not the final word. Rates are sometimes negotiable depending on the person and the situation, and we work with multiple lenders who offer different products and sometimes more competitive rates than any single posted table shows. Contact us and we will shop across lenders for your file — call Travis Bannert at (780) 720-8240. Any rate quoted for your file is based on an application and lender approval — it is confirmed only when a lender reviews your full application.

Start with a check, not a guess

Run your numbers through the Pre-Approval & Refinance Check — that page is the fastest way to sign up for a review of what you qualify for, what documents you need, and what your payment would look like on the homes you are actually watching in Edmonton and across Alberta.

Frequently asked questions

Can I get a small mortgage as a retired downsizer in Alberta?
Yes, if your pension and other income support the payment under the stress test and your credit is in good order. Age alone does not disqualify you. Bring pension statements, tax returns and Notices of Assessment to the first conversation.

Thinking about this move in Edmonton or anywhere in Alberta? Call Travis Bannert at (780) 720-8240 — I will try to call you this week, or reply with a good time and we will set a phone appointment to walk through your file step by step.

By Travis Bannert, Mortgage Broker
Travis Bannert, Mortgage Broker | Next Door Mortgages, BFL Dominion Lending Centres | (780) 720-8240 | nextdoormortgages.com

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