Regina, Saskatoon & Saskatchewan Mortgage Broker

Across Saskatchewan, the minimum down payment is usually 5% on the first $500,000 of the purchase price and 10% on the portion from $500,000 to $999,999. Homes $1M or more require at least 20% down. Your income, debts and credit also affect how much you can comfortably borrow.

If you are starting to run the numbers, take a look at my Home Purchase Mortgages page and then reach out for a custom affordability review for Regina, Saskatoon or anywhere in Saskatchewan.

Most mortgage pre-approvals and rate holds are valid for 90 to 120 days. This protects your rate while shopping in Regina, Saskatoon, Warman or Martensville even if the market shifts.

The best time to get pre-approved is before you start booking showings. My Mortgage Pre-Approvals page explains the process and what to expect.

The stress test requires you to qualify at the higher of your contract rate plus 2% or the benchmark qualifying rate. Although you still pay your actual mortgage rate, lenders must use the higher rate to calculate affordability.

This can reduce the maximum purchase price. When we prepare your pre-approval, I run multiple scenarios so you have a clear budget before shopping. First time buyers may also want to review my First Time Buyers page.

Fixed rates offer predictable payments and stability, while variable rates can offer more flexibility and potential savings if rates trend lower. The right choice depends on your comfort level, how long you plan to stay in the home and whether you might refinance early.

For deeper insights, visit my Saskatoon Mortgage Refinancing or Regina Mortgage Refinancing pages and we will tailor a mortgage strategy that fits your goals.

Plan for legal fees, title insurance, land title transfer fees, property tax adjustments, inspection costs and moving expenses. A good estimate is 1.5% to 3% of the purchase price depending on the specifics of your transaction.

My Home Purchase Mortgages page outlines these costs in more detail and I provide a personalized cost breakdown with every pre-approval.

Yes you can. Many Saskatchewan business owners, contractors and incorporated professionals qualify every year. Lenders review how your income is reported, how your business operates and your overall financial picture. There are flexible programs available when we structure the file properly.

See my Self-Employed Mortgages page for available programs. I help you gather the right documents so we present your file in the strongest possible way.

Yes, refinancing or setting up a home equity line of credit can help you combine high interest debts into one affordable payment. Many Regina and Saskatoon homeowners use this strategy to improve monthly cash flow.

If this is something you are considering, start with my Debt Consolidation page and then explore my Saskatoon Mortgage Refinancing or Regina Mortgage Refinancing pages to compare all options.

Many lenders prefer a score in the high 600s or better for the best rates, but approvals are still possible with lower credit depending on your equity, employment and debt levels. Do not worry if your score is not perfect, we work with clients at all credit stages.

My Improve Your Credit page explains how I help Saskatchewan borrowers strengthen their credit profile and position themselves for future approval.

Not at all. When your mortgage renews in Regina, Saskatoon or anywhere in Saskatchewan, you can stay with your current lender or switch to another lender with better terms. Renewal time is also a great opportunity to revisit your amortization and overall financial goals.

My Mortgage Renewals page explains how we shop multiple lenders so you are not leaving money on the table.

Yes, newcomers often qualify through specialized programs that consider employment history, savings patterns and alternative credit sources. You do not need years of Canadian credit history to start exploring your options.

If you are new to Regina, Saskatoon or the surrounding area, begin with my New To Canada Mortgages page. Depending on your situation, a traditional mortgage, a short term solution or even a Private Mortgage may be the right fit while you build your Canadian credit profile.