Shaun Serafini - Your MortgagePro

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Custom mortgage solutions with 1 goal in mind - saving you money! Click - Linktr.ee/mortgagepro10 A mortgage isn't just a loan on a house anymore.

Shaun Serafini - Mortgage Professional - Dominion Lending Centres - Mortgage Excellence. It's an important tool that can help shape your financial future when set-up properly. Trust an expert who works solely on mortgages day in and day out to ensure that you get the RIGHT mortgage. Drawing on experience gained through placing over $130 Million in residential mortgages to date, we aim to provide custom mortgage solutions and guidance for the most important investment many people make in their lifetime. Two goals are paramount 1. Exceed service expectations 2. Save my clients money

Our job does not end when a mortgage funds. We strive to provide important information, news and follow-up to ensure your mortgage and financial goals/needs are in continuous alignment. Most mortgages start with a 25 year timeframe; the goal is to be with our clients every step up of the way and with some effective strategy, coaching and management, shorten that time to pay off a home considerably.

10/19/2026

The Bank of Canada next meets Wednesday Oct 28 and odds of anything happening in terms of Key rate changes remain low at this time. Inflation has ticked up slightly but not enough to cause concern to the Bank or trigger immediate increase.

Please reach out anytime with your mortgage related questions and inquiries!!

____________________
Shaun Serafini
Your MortgagePro

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10/09/2026

🏡 FIRST-TIME BUYER PRO TIP 🏡

No such thing as too early to set up a First Home Savings Account (FHSA). Even if you do not have the money to contribute right away, it is still beneficial to open the account (even with a $0 balance). Opening this FHSA officially "starts the clock" so that you begin accumulating up to $8,000 of carry-forward room for the following year as well. Opening in 2026 means you could contribute up to $16,000 by the end of 2027!!

A small step today can help you prepare for your first home tomorrow!! Reach out if you’d like help getting started!

07/16/2026

Bank of Canada (BoC) holds its key rate again - for the sixth straight meeting in a row.

The BoC sees signs that the economy is improving. It faces a dilemma with its rate decision at present. Raise rates and you could hurt this recent modest growth and the economy. Cut rates and you risk inflation sticking around or taking right off. So they're holding and watching.

The BoC offered that its current policy rate remains appropriate to sustain the economic recovery and bring inflation back to its 2% target, in line with the MPR projections. However, economic uncertainty is still high.

This is a lot of hedging.

Translation:
A few months ago, the question was when cuts were coming. That's no longer the question. The path forward depends on things the BoC has no control over: a war, and trade negotiations that aren't close to settled -in fact, are an absolute roller-coaster.

For mortgages: No clear signal either way. Status quo is the most likely short-term outcome. Important to note: the BoC justifies its decisions on historical data, but that's always looking in the rearview mirror. By the time the rate changes, the conditions driving it have usually been building for a while.

Next BoC date: Sept 2

06/04/2026

It's that time of year again when you can expect to receive your municipal property tax notice in the mail. Once you have received your notice, it's important to do one of the following:
1. If your taxes are not included as part of your mortgage instalment payment or through a similar monthly plan with the city: be sure to pay the bill before its due date.
2. If your taxes are included with your mortgage, don't panic that you received a tax bill. You still receive a copy for your records even if your lender is collecting to pay your taxes for you. Your lender will also receive a copy of the bill. If you review your statement, your lender will likely be shown and they are notified of the amount they have to pay on your behalf.

Please reach out any time you have mortgage or finance-related Q's!

Cheers!

____________________
Shaun Serafini
Your MortgagePro

03/17/2026

The Bank of Canada meets this Wednesday March 18 and things in the mortgage rate world have really changed since the last meeting.

2 important factors are putting heat on a potential rate change decision:

INFLATION - at its core, the BoC mandate is SOLELY to control inflation. While this month’s inflation date showed good signs, it also didn’t include the fallout of the Iran war and closure of Hormuz Strait, which has caused Oil prices (and likely much more) to spike. Rising prices = Inflation.
EMPLOYMENT - Last week’s job data for Canada was flat out BAD.

The problem is, each of the things listed above signal a rate move in opposite directions. A rate hike could be considered to combat inflation but would deal another blow to employment numbers which, absent of recent oil price surge, might suggest a rate cut being the correct move.

For now, my guess is that the Bank will opt to take a wait and see approach before making a change in one direction or the other. Once upon a time it was thought that 2026 would likely see a more stable Prime rate and possibly no change well into Q3 or Q4, if at all. That thinking may already be on the cutting room floor. Let's see what happens on Weds!

Please reach out anytime with your mortgage related questions and inquiries!!

____________________
Shaun Serafini
Your MortgagePro

⁣

03/14/2026

1st class as always . Thanks so much for the recognition!!

Huge thanks also to all of the families that put their trust in me to help along the mortgage journey. I am very humbled to get to be a part of such an important financial decision & milestones in your lives!!

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Shaun Serafini
Your MortgagePro

03/14/2026

Fireside chats with our lender partners look a little different at .excellence.

02/19/2026

OUT OF OFFICE NOTICE

01/28/2026

MORTGAGE STRESS TEST ELIMINATED?

Could the days of qualifying for a mortgage in Canada using the dreaded “Stress-Test” be going away?

Right now when you apply for a mortgage, the lender qualifies you not at your actual contract rate (the interest rate that you are charged), but at a higher “stress test” rate.

You must prove you can afford payments at the higher of:
1. Bank posted rate (5.25%), or
2. Your contract interest rate + 2%

That contract rate +2% REALLY got painful when mortgages crept above 6% a few years back!

Now, just because the Stress test MIGHT go away, there isn’t a cause for unbridled celebration from potantial homeowners & borrowers.

Speculation is that the stress-test would likely be replaced by a “loan to income” formula similar to what is used in the UK.

The main determination of whether this formula helps / hurts mortgage qualifying will lie in the MULTIPLYER. That’s the number that OSFI decides represents a safe amount of mortgage based on the borrower’s income. Will it be 4X income? 5X income?

We should find out soon!

Please reach out anytime with your mortgage related questions and inquiries!!

____________________
Shaun Serafini
Your MortgagePro

01/27/2026

The Bank of Canada meets this Wednesday Jan 28 and the odds of anything happening in terms of rate changes are extremely low at this time.

Please reach out anytime with your mortgage related questions and inquiries!!

____________________
Shaun Serafini
Your MortgagePro

⁣

Address

#404/515 7th Street S
Lethbridge, AB
T1J2G8

Website

http://www.mygreatrate.ca/

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