Mortgage Tree

Most People Don’t Realize…

Getting approved for a mortgage isn’t just about your salary.
In many cases, your:

• Monthly debt payments
• Credit utilization
• Property taxes
• Condo fees
• Financing plans
Even recent job changes can impact your approval just as much as your income

That’s why two people earning the same amount can qualify for very different mortgage amounts.

💡 A mortgage is more than a number, it’s a full financial picture.

📲 Want to know what lenders are really looking at? Let’s break it down together.
403-479-1134
www.mortgagetree.ca

Builder Mortgage vs. Traditional Mortgage: What’s the Difference?

Buying a new build isn’t the same as buying an existing home, and your mortgage reflects that.

Here are 4 key differences 👇

1. Timing ⏳
New builds can take months (or longer) to complete, while traditional purchases typically close in 30–90 days.

2. Rate Holds 📉
Builder mortgages may require extended rate holds to protect you during construction, not usually needed with resale homes.

3. Deposit Structure 💰
Builders often require deposits in stages, while existing home purchases usually have one upfront deposit.

4. Approval Process 📋
With new builds, you may need to requalify closer to possession. Traditional mortgages are typically finalized once conditions are met.

💡 The bottom line:
New builds offer exciting opportunities, but they require a bit more planning on the financing side.

📲 Thinking about building or buying new? Let’s walk through your options so there are no surprises.

403-479-1134
www.mortgagetree.ca

🍦 We’ve got the scoop… on financing your home sweet home 🏡

Whether you’re buying your first place or making a move, we’re here to make the process smooth (and a little sweeter).

📲 Let’s chat and find the right mortgage for you!
403-479-1134
www.mortgagetree.ca