Spruce Grove Mortgage Broker: Krista Rumberg
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Is RIGHT NOW A Good Time To Buy?

Is RIGHT NOW a Good Time To Buy A Home?

If you’ve been thinking about buying a new (to you) property for whatever reason, the doom and gloom of the media might cause you to question a little; is right now a good time to buy?

Well…. what if that is the wrong question?

 

Inevitably, one media source will report that housing prices are ready to skyrocket, while at the same time, another news outlet will raise the alarm to brace for the inevitable housing crash of 2019.

The truth is, it’s nearly impossible to know for sure what’s going to happen with the housing market. Even when you check with the local experts, it’s hard to know what is going to happen next week, let alone in years to come. And “advice” from friends doesn’t usually pan out all that well. Instead of basing your buying decision on external market factors, consider asking yourself:

Is now a good time for me to buy a property?

When you stop looking at the market or opinions from others to determine your timing, and instead, examine your reasons for buying a property, the picture becomes much more clear. Here is a tidy list of things you should consider when thinking about buying a property. Although they are subjective, they are things you can control.

  • Does buying a new home now put me in a better financial position?
  • Do I feel comfortable with my current employment status?
  • Do I make enough money now to afford a new home and still be comfortable?
  • Have I saved enough money for a down payment?
  • What is the intended purpose of the property? Is it reasonable?
  • Is there any scenario where I might have to sell quickly and potentially lose money?
  • Do I want to buy, or am I feeling some pressure that if I don’t buy now, I might never be able to?
  • Am I scared that if I buy now, the market will crumble the second I do?

If you’d like someone to walk you through the process and outline your financial options, please get in touch to see what buying a property looks like for you.

 

Questions on your mortgage, or want to compare your mortgage to what is currently available? Please email me.

Mortgage Broker Spruce Grove Mortgage Broker Spruce Grove

What’s The Difference Between The Bank And Your Broker?

What’s The Difference?

The difference between a banker and a broker comes down to the products each can offer, and where their allegiances lie.

A banker is paid by the bank, to make the bank money at your expense, while a mortgage broker is paid by the lender to get you the best mortgage available, which is to your benefit.

Mortgage Brokers

A mortgage broker has access to multiple lenders and shops around to get you the best mortgage product available for your needs.

Working with a mortgage broker provides you with options right across the board. Instead of having to go in and fight the bank for a deal, your mortgage broker does all the leg work and outlines your options at several lenders. Since the lender pays the mortgage broker upon closing, there is no cost to you for your brokers services.

Bankers

A banker works for a single financial institution, and can only offer mortgage products from that institution.

As banks can only offer you their rates and products, they are very limited in how they can help you. They never offer you the best deal to start with, however, will eventually negotiate on terms and rates, but you will be responsible for doing the negotiations on your own.

Renewal Time?

If you have a mortgage up for renewal, or you would like to refinance, it is always in your best interest to contact your mortgage broker instead of dealing with the lender who currently holds your mortgage. Just because they were the best option previously, that doesn’t mean they will be the best option in the future.

If you or someone you know is considering a new mortgage, let’s connect to get you the best mortgage options available!

Questions on your mortgage, or want to compare your mortgage to what is currently available? Please email me.

Connect with me on social media as well.

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Mortgage Broker Spruce Grove

Money & Conflict Luncheon

Money MOrtgage

Krista is presenting at the Alternate Dispute Resolution Luncheon  Tuesday February 19th in Edmonton.

It should come as no surprise that money woes can be the cause of marital and family stress; unemployment or poor spending habits can exacerbate the situation. One can easily conclude that
this reality extends well beyond just the family unit.

The FOAJ & ADRIA are pleased to present two speakers this month that will offer their experience, insights and resources to better understand the money & conflict dynamic. What skills or resources might be available to you when assisting families though these difficult conversations or decisions?

 

Speakers

As a mortgage broker, Krista Lindstrom has focused her own practice on families facing separation and divorce, and walking her clients through the complexities of restructuring mortgages and finances to retain the marital home, often with the bets interest of their children in mind.Knowing that life isn’t always easy, particularly at the end of a relationship, Krista has dedicated herself to
helping people navigate all possible mortgage options when facing separation and divorce. Krista believes that Knowledge is Power, and will share her personal experiences in dealing with families in conflict. Attendees will gain insights into approaches, tools and resources that would be useful in their

 

Second presenter is Manraj Waraich, from the Credit Counselling Society, a non-profit service helping individuals and families find their best options to deal with their debt and get their finances back on track. Manraj will present Financial First aid for Mediation Professional, assisting us all to learn how financial stress impacts our clients, to recognize the signs of financial stress, and to know what strategies and resources might be available to assist them.

 

EDMONTON
Tuesday, February 19
11:30 AM to 1:00 PM
Buffet Royale West
17202 95 Ave NW
Money & Conflict
$25 for members & $35 non-members

 

Buy Your Ticket

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