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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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How to Afford a Pricier Home in the Neighbourhood You Love

May 30, 2023 | Posted by: Matt Broom-Hall

When Danielle and Jimmy returned to Alberta after 3 years in Germany, they spent the next 6 months looking for their first home.

“Location was so important to us! We got used to walking everywhere while we were in Germany. Grocery stores, restaurants, beer gardens and pubs were all within walking distance of our apartment. We wanted to find a neighbourhood like that,” explained Danielle, an employee relations attorney.

 
One home in Airdrie, one giant step to Homeownership

The perfect spot

They found the perfect neighbourhood: Old Strathcona, Edmonton. They also found a house in a perfect location, right across from a park, with a lovely view of the Edmonton river valley.

A not-so-perfect price

But the house itself wasn’t so perfect: it needed about $20,000 worth of renovations. And the sale price was on the high side of their price range.  

“We looked at other homes in the neighbourhood that were cheaper and in better shape. But we kept coming back to this one. It was in the perfect spot.  And when we found out there is a beer garden in the park in summer, it was a done deal!” Danielle said. 

They successfully closed on the house in January and spent a month painting, installing a new kitchen floor and remodeling the master bath before they moved in. 

How they made it work

So how did Danielle and Jimmy manage to buy a more expensive home and have money left over to fix it up? With direction from their mortgage broker, here’s how they did it:

  1. They were preapproved before starting the house hunt so they knew their price range.
  2. They used a high-ratio mortgage, which allowed them to put down 5% instead of 20%. Their mortgage payment is higher, but still within their monthly budget.
  3. Putting less money down allowed them to keep cash for the renovations.

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