17 Feb

Announcing Jencor’s merger with Mortgage Connection…AND…introducing my co-broker Partner Nicole Lilge

Latest News

Posted by: Garth Chapman

Jencor Mortgage Corp‘s Broker/Owner Croft Axsen is pleased to announce the merger of Jencor and Mortgage Connection and the launch of the Jencor Underwriting Centre as a new division of Mortgage Connection. Jencor is a well-established and respected brand with thirty-five years of excellence in Alberta. Jencor Clients and Brokers will continue to benefit from […]

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4 Nov

What’s Happening with Mortgage Rates and What Might It Mean To You?

Financial

Posted by: Garth Chapman

History tells us that interest rates tend to go up much more quickly than they come down.   A brief primer Variable mortgage rates are driven by the Bank of Canada’s (BoC) Overnight Rate, as it effectively determines the banks’ Prime Rates.  The banks offer discounts to their Prime Rate to mortgage borrowers, and those […]

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11 Oct

Why Is My Credit Score Different From What Lenders See?

Credit

Posted by: Garth Chapman

On the current confusion around credit scores… There are several articles recently published on the issue of the credit score consumers see from various providers versus the credit score that Mortgage Brokers, Banks and Mortgage Lenders see.  Credit scores on consumer credit reports will generally not mirror the Beacon Scores on the credit reports that […]

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11 Oct

All About Credit – Everything You Might Want to Know and More

Credit

Posted by: Garth Chapman

Establishing and Maintaining Sufficient Active Credit to qualify for a mortgage To qualify for a mortgage you must have at least 2 credit cards or personal lines of credit (PLC) or other type of acceptable credit with a minimum limit of $2,500 and must use those credit facilities for at least 2 full years. If […]

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12 May

Why Cap Rates are likely to go up

Challenging Times

Posted by: Garth Chapman

From an article by Colliers International The capitalization rate of a real estate investment is calculated by dividing the property’s net operating income by the current market value. It’s the most popular measure for how real estate investments are assessed for profitability and rate of return. Our expectation is that they will start to go […]

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12 May

COVID-19’s Potential Impact on Commercial Real Estate valuations, by Asset Class

Challenging Times

Posted by: Garth Chapman

How will the recession brought about by government measures to combat COVID-19 impact commercial real estate valuations?   While it’s still too early to know long-term repercussions, companies are currently carrying out stress tests, forecasts, analyses and covenant-checks of assets to try to avoid surprises later. Theoretically, property values should be moving lower as risks […]

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