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Karen Low Mortgage Broker

Karen Low

Mortgage Broker


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#303, 10171 Saskatchewan Drive, Edmonton, Alberta

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More than just a mortgage!

Purchasing a home is one of the biggest decisions you will make. You want to know that you have a partner who has your best interests in mind and someone who will listen to you. 

Karen has been in the mortgage industry for over 25 years in a variety of roles including a mortgage specialist with a big five bank, five years as a business development manager with two leading mortgage lenders and the last eight as a mortgage broker in the Edmonton market. With this experience, she knows for certain – not all mortgages are the same!

Karen will help walk you through the mortgage process, ensuring you are in the mortgage product that suits your needs and goals, not only for today, but down the road as your needs evolve and change. With access to over 35 lenders, there is a solution for almost every situation. Karen will work for you and your family to find the best options for your unique situation. As a member of a top volume brokerage, Karen has access to the best mortgage products, preferred interest rates and top performing lending partners in the country.

With online applications, video conferencing and a fully digital platform; the whole mortgage process is easy and efficient, saving you time and making it extremely convenient to arrange your home financing from the comfort your home! In addition to her uncompromising service promise and her award winning underwriter, Cara, you are in excellent hands and are in for a mortgage financing experience second to none!

Karen is ever grateful for the confidence of her clients and their support of her business with five star google reviews, referral of their colleagues, friends and family.

Do you need help with purchasing, refinancing, construction mortgages, bruised credit, self-employed clients, rental properties, second homes, reverse mortgages? Karen brings trustworthy experience in all facets of mortgage financing with her favorite clients being first time homebuyers!

As an award winning broker herself, Karen works with top realtors, financial planners, relocation companies and lenders in the industry; and believes when making decisions as large as a home purchase, only the best will do!

Let Karen’s experience work for you, you will be glad you made the call!

 


BLOG / NEWS Updates

Canadian Federal Fall Economic Statement 2020

Canadas Federal Finance Minister provided a first multi-year peek at the impact of the pandemic on the Canadian economy and its finances in her Fall Economic Statement 2020. The deficit is set to soar to $381 bn (17.5% of GDP) in FY21an increase of about $40 bn since July estimates. At the same time, the government acknowledges it could be as high as $400 bn under alternative scenarios of extended and/or escalating COVID-19 cases. The blow to government revenues contributes to a quarter of the shortfall, while COVID-19 spending will add another $275 bn of deficit financing this year. The bulk of increases in pandemic spending had already been announcedbut not costedprior to the update, whereas new announcements reflect about $25 bn. This includes a $17 bn top-up to the wage subsidy program to bring its coverage back up to 75% for the remainder of the fiscal year. Debt as a share of the economy is expected to swell to 50% this year, peaking close to 53% in 2021 and declining thereafter. But this is only a baseline that does not incorporate a new stimulus package of up to $100 bn promised over the next three years that would see debt soar to around 58% of GDP by 2024 under various scenarios. The new stimulus package will be designed in the coming months with an intent to jumpstart the recovery. Its withdrawal would not be time-based, rather contingent on closing the output gap, loosely defined in terms of employment metrics. These so-called guardrails will guide fiscal policy until the economy has recovered and the government will then return to a prudent and responsible fiscal path. Markets are likely to temporarily adjust to the implied bump in expected federal borrowing requirements (although an abundance of scenarios leaves this open to a wide range of interpretations), but this will be digested in an environment where global drivers are largely shaping bond market dynamics.

Almost one-quarter of Canadian seniors are caregivers

While older Canadians may be more likely than their younger counterparts to require help and care in their daily lives, almost one-quarter of Canadian seniors aged 65 years and older are caregivers themselves. And while the roles and responsibilities of these senior caregivers may have changed in the context of the COVID-19 pandemic, the challenges they face could be heightened. Although the pandemic has affected the lives of all Canadians, seniors have been identified as a population particularly vulnerable to COVID-19. Not only are seniors more at risk of severe illness, they are also more affected by isolation measures. As a result, many senior caregivers who help people living outside of their household may not have been able to provide the same level of care that they usually do. Senior caregivers providing help to their spouse may also have seen their burden of care increase, given the possible lack of other support during the pandemic. For example, older caregivers who are usually supported by their adult children to provide help and care for their spouses, may have had to perform additional activities and provide more hours of care than usual. While the data in the current study were collected prior to the COVID-19 pandemic, the results highlight the many challenges senior caregivers already faced. A new study, The experiences and needs of older caregivers in Canada, uses data from the 2018 General Social Survey on Caregiving and Care Receiving to provide a profile of senior caregivers in Canada. Senior caregivers are those who have provided help or care to a spouse, another family member, or a friend with a long-term health condition, a physical or mental disability, or problems related to aging. Senior caregivers are likely to continue to play an important role in the years to come. As the needs for care and help increase with an aging population, smaller families and geographic mobility among Canadians may reduce the supply of potential younger family caregivers. Within this context, many older Canadians may be relied upon to become care providers, even though they may develop health issues of their own, including age-related physical and cognitive declines, chronic illness and some level of disability.

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