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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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Do you have mortgage questions?

Have you been to the bank or asked friends their opinion and are now more confused?

Do you know the costs of breaking a mortgage before your term is up? 

Are you sure you have the right mortgage product for your situation?

I can help!

I have been in the mortgage industry since 1995 in various roles including working as a mortgage specialist with a big 5 bank, 5 years as a business development manager with 2 leading broker mortgage lenders and the last 5 as a mortgage broker in the Edmonton market... with this experience, I am here to tell you – not all mortgages are equal!

I will help walk you through the mortgage process, ensuring you are in the mortgage product that suits your needs and goals...not only today, but down the road as your needs may change. With access to over 35 lenders, there is a solution for almost every situation, I work for you and my services are free.

New purchases, refinance, construction, bruised credit, self employed, rentals, second home, reverse mortgages…I am experienced in all facets of mortgage financing.

I only work with the top realtors, financial planners, relocation companies and lenders in the industry…when making decisions as large as a mortgage transaction, only the best will do!

Let my experience work for you, you will be glad you made the call!

attain Mortgage

More than just Mortgages. We can help you build your future.

BLOG / NEWS Updates

PROMISES, PROMISES AND MORE PROMISES

Canadas Parliament re-convened today with a ceremonial Speech from the Throne delivered by the Governor General. Canadas continued response to the COVID-19 pandemic took centre-stage, while providing a lens for a plethora of broader promises: an extension of the wage subsidy, expanded employment insurance, investments in childcare, reaffirmed commitments to universal pharmacare, and green infrastructure investments among many others. Given the exhaustive list of priorities, this Speech is unlikely to bring the minority government down as it provides plenty of hooks for negotiations in the lead-up to a Fall update where details will be laid out. It clearly signals more fiscal spending ahead for Canada leaving the question not if but how much. But this was largely channeled ahead, so the market reaction has been mutedor more likely, it is eclipsed by broader US and global developments. There is little beyond lip service by way of fiscal restraint. This will be left to the Finance Minister to make inevitable trade-offs in her first budget this Fall, particularly as she may need to reserve some firepower for second waves. Source: Scotiabank https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.fiscal-policy.fiscal-pulse.federal.federal-budget-analysis.federal-throne-speech--september-23--2020-.html

Home affordability improved in Q2 2020

Housing affordability in Canadas large urban centres improved in the second quarter of 2020 after having deteriorated in the two prior quarters. Higher incomes helped in Q2 but the largest portion of the improvement came in the form of lower interest rates. Indeed, the latter declined 19 basis points in the quarter, reflecting the easing from the central bank. Combined, income and mortgage rates were more than enough to offset the increase in home prices. Still, the decline in interest rates on a quarterly average basis does not completely reflect the change in 5-year mortgage rates since the beginning of the COVID-19 pandemic. The February to June decline in mortgage interest rates was a much more significant 41 basis points. Looking ahead, the preliminary data for rates shows additional improvements in the third quarter of the year (cumulatively they are down over 70 bps). While we expect this to help affordability, home prices should remain resilient based on the latest resale market data showing record sales volumes. Homebuyers have rushed back to the market after having delayed purchases and are now being offered record-low interest rates. Once pent-up demand is exhausted, the Canadian housing market will still have to face high levels of unemployment and reduced household formation due to lower immigration.

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