Trusted Tips and Resources

Trusted Tips & Resources

Your Mortgage Now - Devin Cristo and Wes Will Trusted Saskatoon Mortgage Brokers shares a tip on High-Ratio Mortgages & Current Rates

Buying a home is one of the most important and exciting steps in your life.... now that pesky financing! Deal with people who can offer you and your family the best options for you with Your Mortgage Now! Devin Cristo and Wes Will are your Saskatoon Mortgage Experts and they have years of experience helping individuals and families finance their dreams by offering mortgages from a variety of lenders for people from all walks of life.

They are your Trusted Saskatoon Mortgage Experts!

Here Devin and Wes share a Trusted Saskatoon Mortgage Tip:

High-Ratio Mortgages & Current Rates:



Mortgage Information, Rate Updates, and More...


Current Mortgage Rates

Current Rates

Rates are subject to change without notice. For the most current rates, call (306) 244-7755.

High-Ratio Mortgages

When you need a mortgage that is more than 80% of the purchase price of your home, mortgage loan insurance is required. In Canada, mortgage insurance is provided by either CMHC, a crown corporation, Genworth Financial or Canada Guaranty, Mortgage insurance protects the lender and, by law, most Canadian lending institutions require it.

Having mortgage loan insurance means that if you, the borrower; default on your mortgage, the lender is paid back by the insurer. With the risk of losing their money removed, lenders have confidence to make mortgage loans up to 95% of the purchase price of the home. That means your down payment can be as little as 5% of the purchase price of the home.

How Much Does it Cost?

A premium will be applied. It depends on the amount of your mortgage in relation to your purchase price. The larger the down payment the less the premium. Although you are permitted to pay the premium up front, most borrowers pay it back over the life of their mortgage by including it with their monthly payments.

Down Payment Premium
5% 2.75%
10% 2.00%
15% 1.75%
20% 1.00%

Money Saving Tips

The decision to grant credit and the interest rate you can successfully negotiate will be strongly influenced by your past credit history. The best thing you can do is avoid debt as much as possible, always pay your bills on time, do not charge your credit limit up past 75% of what’s allowed, and the less you inquire for credit the better.

• Ask your lender for details in the trade off between slightly higher payments and a shorter amortization. For some buyers with good budgeting skills, ask what the payments would be over a twenty year amortization instead of twenty-five. In return for slightly higher payments, you could shave five years off your amortization, build equity in your home faster, and be well on your way to being mortgage-free sooner.

• Take advantage of any prepayment privileges your lender will allow. Treat your regular payment as a worst case scenario in which it will take twenty-five years to pay off your mortgage. Any extra payments you make go directly in your pocket, because every dollar you pay over and above your regular payment goes directly to principal. That means, whenever possible, a few hundred dollars here and there can quickly add up to a few thousand saved later on.


Devin Cristo - Broker License# 315791 • Wes Will - Broker License# 315790
Your Mortgage Now

801A 47th Street East, Saskatoon, SK S7K 8G7 • p: 306.244.7755 • f: 306.244.7756

  Mortgage Link

A Proud Member of Your Mortgage Link - Brokerage License# 315794

Trusted Saskatoon




Mortgage Rates

2.79% - 3 Year Closed

2.84% - 5 Year Closed

Click here for more!

Rates are subject to change without notice. For the most current rates,
call (306) 244-7755.

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Did you know....



Family Day Events

Family Day is Monday Feb 18, 2013

Here are some ideas and events to spend your Family Day in Saskatoon

Go Skating at the many outdoor/indoor rinks. Click on the Rink Schedule below for available public rink times.
Rink Schedule

Beaver Creek Conservation Area
Follow Lorne Avenue South 13 km on Highway 219
1:00 p.m. – 4:00 p.m.
Take advantage of the winter break to experience the joy of nature. Enjoy the trails and come and go activities.
A nature inspired craft will be offered daily from 1 - 4 p.m.

Continuum - Affinity Gallery
813 Broadway Avenue
1:00 p.m. - 5:00 p.m. An exhibition celebrating 18 artists who continue to produce bodies of work, spanning a time period of 40 years. The works will narrate the passage of time through the growth of these artists in their work.

Family Day!
Children's Discovery Museum




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S & E Trusted Online Directories Inc
129 21st St E #500
Saskatoon, SK   S7K 0B2
Ph: 306.244.4150


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