Managing debt is challenging at any age, but it can be especially stressful in retirement when income is limited. Many Canadians turn to debt consolidation to simplify payments and lower interest rates. However, traditional options—such as personal loans, refinancing, or home equity lines of credit—often require a strong credit score and steady income, making them difficult for retirees to secure.

Navigating the mortgage process can be a daunting task, especially for self-employed individuals or those with unique financial situations. Whether you're a freelancer, entrepreneur, or just someone whose income isn't as traditional, securing a mortgage can feel like an uphill battle. However, rest assured that it’s absolutely possible to get approved for a home loan – it just takes a little extra knowledge and preparation.

As 2025 unfolds, many Edmontonians are focused on achieving their homeownership dreams—whether that’s buying their first home, upgrading to a larger property, or simply getting financially prepared for the future. At Steven Murdoch Mortgages, we know how important it is to have a clear plan and the right support when making big decisions about your home. Whether you’re just starting to save or you’re ready to purchase, we’re here to guide you every step of the way.

Refinancing your mortgage can be a smart financial move for many reasons, and as your trusted mortgage advisor, I’ve seen how much it can benefit homeowners! Ideally, refinancing is done at the end of your mortgage term to avoid penalties, but the timing can vary depending on your goals. For some, it’s about unlocking the equity in their home to fund renovations or cover big expenses like college tuition. For others, it’s an opportunity to consolidate debt, lower their interest rate, or change up their mortgage product. Let’s take a closer look at some of the ways refinancing your mortgage

When it comes to buying a home, most people think of the spring and summer months as the prime time to make a move. However, in Edmonton, winter can actually be a fantastic time to purchase property. As a mortgage broker with experience in this city, I’ve seen firsthand how the winter months offer several advantages for homebuyers. If you’re considering buying a home in the Edmonton area, here’s why winter might just be the best time to start your search.

Your credit score is one of the most significant factors that lenders consider when determining your mortgage rate. In Edmonton's competitive real estate market, having a strong credit score can save you thousands of dollars over the life of your mortgage. Here’s how to improve your credit score and secure the best possible mortgage rate.