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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

Mortgage Deferral Agreements and Their Impact

CMHCs Fall 2020 Residential Mortgage Industry Dashboard discusses mortgage deferral agreements and their impact. At the end of the second quarter, credit unions, mortgage finance companies (MFCs) and mortgage investment entities (MIEs) have allowed mortgage deferral agreements for about 6%, 7% and 7% of their respective residential mortgage portfolios. Chartered banks have allowed 16% of mortgages to go into deferral since the beginning of the pandemic. Of these, close to 2 out of 3 borrowers had resumed payments on their mortgages at the end of the third quarter of 2020. In the coming months, we could see higher delinquency rates if some borrowers are unable to resume their payments; these mortgages will have to be booked as arrears. These deferral agreements have affected financial institutions cash flows, with reductions of: 4% in scheduled mortgage payments 3% in non-scheduled payments (accelerated monthly payments and lump-sum payments) While remaining at low levels, mortgages in arrears (90 or more days delinquent) have increased slightly between the first and second quarters of 2020 from: 0.24% to 0.26%, on average, for chartered banks 0.23% to 0.25%, on average, for non-bank mortgage lenders We also observe an increase in early-stage delinquencies (31 to 59 days and 60 to 89 days), which suggests that arrears could continue on an upward trend. Source: CMHC

Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of percent, with the Bank Rate at percent and the deposit rate at percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week. The rebound in the global and Canadian economies has unfolded largely as the Bank had anticipated in its October Monetary Policy Report (MPR). More recently, news on the development of effective vaccines is providing reassurance that the pandemic will end and more normal activities will resume, although the pace and breadth of the global rollout of vaccinations remain uncertain. Near term, new waves of infections are expected to set back recoveries in many parts of the world. Accommodative policy and financial conditions are continuing to provide support across most regions. Stronger demand is pushing up prices for most commodities, including oil. A broad-based decline in the US exchange rate has contributed to a further appreciation of the Canadian dollar.

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