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As expert mortgage brokers, we know building wealth through homeownership and achieving financial freedom is about more than just chasing the lowest rate—it’s about strategy.

We're taking you behind the scenes and giving you the insider tools and powerful strategies to get ahead. If you’re a first-time homebuyer, you’ll find everything you need to secure your first property and start building wealth from day one.

If you’re an existing homeowner, this is where you take control. Maximize the wealth-building potential of your current home with proven strategies for refinancing, leveraging equity, and optimizing your mortgage for bigger opportunities.

Your mortgage is more than a loan—it’s a gateway to long-term financial success.

Our goal is simple: to equip you with the knowledge and tools to make smart, strategic decisions that will transform your financial future.

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Buying and Selling and Relocating, Oh My!

May 30, 2024 | Posted by: Matt Broom-Hall

Amy bought her first house in Red Deer, Alberta at age 23. Fast forward 2 years and she has since sold that house and relocated to Calgary, Alberta. 2 houses in 2 years at just 25? Here’s one millennial who isn’t sacrificing homeownership for mobility.

In this 3-minute read, learn about how mortgage insurance allowed Amy to buy her second home with less than 20% down. 

 
Buying and Selling with Insured Mortgages

The relocation shuffle

Although Amy was perfectly happy with her first little house and made lots of friends in Red Deer, a job opportunity popped up that was too good to turn down. She recently relocated to Calgary, where she serves as a regional sales manager for a major coffee company.

Before her move, she experienced the ups and downs of both buying and selling houses in 2 different cities.

Selling a first home in Red Deer

“Lucky for me, Red Deer has a shortage of homes for sale and a lot of buyers. I didn’t have a chance to make any improvements on my house, a house built in 1904, but I did add a simple deck and lots of flowers and new bushes. It has more curb appeal than when I bought it,” Amy said. She said that the hardest part about selling a house was making sure it was clean all the time and ready for prospective buyers to tour.

Amy ultimately sold her house for $361,000, $21,000 more than what she paid in 2017. Even in that time, she accumulated some equity and walked away with a total of $28,000 when the sale closed.

Buying a new house in Calgary

The next step was to find a house in Calgary. Home prices are higher there, compared to Red Deer, Amy noted. She wanted to buy a nicer, more expensive home this time around.

“I found one that was a little bit above my price range at $400,000. But it is in perfect condition, I don’t have to worry about repairs or anything,” Amy said. Plus, coffee shops and restaurants are within walking distance.

As a single person who works long hours, finding a low-maintenance home was important to her. But she also wanted to keep some money in the bank, just in case.

She explained, “I could have used all of the proceeds from the sale of my house as my down payment.  But I didn’t want to drain my savings account. I used mortgage insurance (high-ratio mortgage) again, so I could put less money down. I opted for a 5% down payment of $20,000. My monthly payment is a little bit higher but still affordable. Thanks to mortgage insurance, I could buy a better house and still have money in the bank.”

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