Ownest Financial Partners With Alcedio Capital

Ownest Financial Partners With Alcedio Capital

FinTech Start Up Ownest Financial Announces Equity Partnership with Alcedio Capital Inc.

Calgary, AB: Ownest Financial, a Calgary based FinTech company, today announced a new equity partnership with Alcedio Capital Inc. (“Alcedio”), a boutique international capital firm. This partnership will allow Ownest to grow to new markets worldwide, at a much faster rate.

“As a trusted name in the capital markets industry, Alcedio will be able to help address the need for global growth within our clients” says Kendall Raessler, CEO at Ownest Financial. “We chose this partnership as they share our deep interest of ensuring our clients have access to the most efficient and powerful solutions in today’s financial software landscape.”

“With the partnership and help of Alcedio, Ownest Financial will be able to tackle the global market at a much faster rate. With their expertise, we have no doubt that Ownest will soon be a household name in the financial industry worldwide.” adds Raessler.

About Ownest Financial: Ownest Financial was founded in 2012 with one main goal – to innovate how financing is done around the world. With their proprietary software, you can shop over 125 different lenders Canada wide to ensure you are getting the best possible rate on your loan. They have meticulously tested and perfected their software to ensure your clients have a seamless experience and receive a proposal specific to them.

About Alcedio Capital Inc.: Alcedio is an international boutique advisory firm offering an integrated suite of capital markets and advisory services to private and listed issuers. In addition, Alcedio through its asset allocation arm aims to strategically deploy partner capital while aiming to optimize the financial structure of companies through their diverse network of expertise and resources. Alcedio will work with clients and partners to identify strategies to drive sustainable growth and profitability while adding financial controls and sophistication.

To learn more about our partners, visit the link below.

Ownest Financial Partners With Tribune Capital

Ownest Financial Partners With Tribune Capital

Financial Tech Start Up Ownest Financial Announces Equity Partnership with Tribune Capital.

Ownest Financial, a Calgary-based financial tech company, recently announced their partnership with Tribune Capital, a Saskatchewan-based Venture Capital firm. Ownest Financial was founded in 2012 with one main goal – to innovate how financing is done around the world. 

Backed by over 20 years in the mortgage and financing Industry, CEO and Founder, Kendall Raessler aims for Ownest Financial to become the centre hub of mortgage and all other types of personal financing. “We are excited about the new avenues for business growth that this partnership with Tribune Capital will provide,” said Raessler, “Tribune Capital will not only help in increasing the awareness of our technology platform and assist in market share, but they will also work closely with us to maintain a consistent business strategy”. 

With the help of Tribune Capital, Ownest Financial will be able to add new components onto the existing software more quickly. Ownest Financial’s first financial arm has revolutionized the way we think of mortgages. With their proprietary software, you can apply for a mortgage online and choose which mortgage fits your lifestyle. With over 22,000 mortgage products, you can shop for a mortgage just like you would a hotel or a flight. They will also monitor your mortgage monthly in case a better deal comes available that could save you thousands of dollars over the course of your mortgage. “Tribune Capital is introducing us to companies that are complementary to us so that we can help make their processes faster, which in turn makes their processes faster and easier”, Raessler adds. 

Ownest Financial is the newest portfolio company of Tribune Capital. Tribune’s list of other Technology and Cannabis investments include Showpass, Epica, Sorse, Rentmoola,  Four20 and many others. 

To learn more about our partners, visit the link below.

A New Way to Shop For Mortgages


Have you been in the market for a home recently and have considered getting a mortgage? Perhaps you’ve thought to contact your bank, or a friend of a friend’s mortgage broker. Both are good options, but what if we told you that there’s a better and easier way to obtain a mortgage? One that puts YOU in the driver’s seat and allows you to pick which mortgage product is best for you; so that you know you’re getting the best deal? Because let’s face it, a home is likely one of the biggest purchases you’ll make in your life. Why not ensure you’re not overpaying? See how we’re different below:

  1. We shop over 120 banks and lenders and have access to over 22,000 mortgage products

What does this mean for you? The banks can only give you their best rate. Mortgage brokers usually only work with select lenders. Both options mean that you’re limiting your mortgage choices. With Ownest, you have access over 120 different lenders, including major banks, with over 22,000 mortgage products. The best part is, YOU get to choose which product is right for you, eliminating someone else making that decision for you. It even shows you how much of a savings you’ll get over the term. Think of us like an Expedia for mortgages. Shop for a mortgage like you would a flight or hotel.

*images above only to be used as examples.

  1. We continually shop for a better rate for you

When is the last time your bank called you to tell you that you are paying too much on your loan? Or your cell provider telling you that there is a way better plan that will save you hundreds of dollars? We’re going to go with never.

That is how Ownest is different. We monitor your mortgage monthly (without any sort of hit on your credit) to check if there is a better deal out there that can save you money. Thanks to our mortgage monitoring, we have saved our clients thousands of dollars. Best part is, only our proprietary software does this for you automatically! No one else in the game can say the same.

  1. We don’t turn you away if you don’t qualify right away

If our software doesn’t approve you right away, our team of mortgage experts reviews your application and will evaluate your unique situation against our mortgage product options. Many times, Ownest Financial has creatively gotten clients approved for mortgages as we truly want to help you in your path to homeownership. If you still do not qualify for a mortgage, our software will continue to run your application monthly against mortgage offerings in our system and will notify you when your mortgage qualification changes.

Your mortgage qualification can change if mortgage rates go down or if lenders change qualifying criteria for their mortgage product. This is all done virtually so there is no credit hit associated with this process!

To learn more about how Ownest saves you time and money, contact us. In the meantime, why not apply for a mortgage today to see how much you pre-qualify for!

Landmark Homes

Ownest is proud to announce one of our newest partners – Landmark Homes Edmonton!

Landmark Homes prides itself on being Edmonton’s leading master home builder in innovative design, technology & sustainability. They are passionate about building high quality, energy efficient and beautiful homes. With over 17 locations just in Edmonton alone, Landmark Homes offers every home style including condos, townhomes, duplexes, and single-family homes.

Why Ownest is excited to work with Landmark Homes Edmonton

Landmark Homes is focusing on giving the BEST digital customer experience. By using our proprietary software, this partnership will enable Landmark Homes to start selling some of their available homes online!

Why Landmark Homes is excited to work with Ownest

“Landmark Homes is going all digital now and there is no better way to complete our customer digital experience than giving them the opportunity to complete their digital home shopping experience by skipping the line and pain of talking to a mortgage specialist and start using Ownest and get approved in a few minutes. It is all about customer experience for us.” – Moheb H, Marketing Manager at Landmark Homes.

How this will benefit YOU!

When you’re ready to purchase a beautiful Landmark home, you now have access to over 120 lenders (including major banks) and over 22,000 mortgage products so you can rest assured knowing that you have bought at the best possible rate. No more shopping around or wondering if you’re paying too much.

To learn more about our partnership, visit their blog post. In the meantime, why not apply for a mortgage today to see how much you pre-qualify for!

No Down Payment? No Problem!

No Down Payment? No Problem!

Have you been wanting to own your own home for a while now, but are struggling to save up a down payment because of increased cost of living, or other financial burdens? We understand that sometimes it’s hard to save up thousands of dollars for a down payment when you already have to pay rent, groceries, child care, etc.  That is why Ownest wants to help! Introducing:

Flex-Down Mortgage!
a borrowed down payment option

Learn more about the program with a brief Q&A (question and answer) below.

Q: How can I purchase a home without a down payment?
A: With the Flex-Down Mortgage, you may be eligible to borrow your down payment. This non-traditional source of down payment may include borrowed sources to the sale such as:

Personal loan
Unsecured/Secured line of credit
Credit card
Gift from a non-immediate family member.

Q: How much can I borrow?
A: You can borrow between 5% – 9.99% of the purchase price of the home. Please note that if you’d like to use the Flex-Down Mortgage Program offered by Ownest, the purchase price of the home must be less than $1,000,000.00.

Q: Do I have to borrow the entire down payment?
A: No. If you already have money saved up on your own, you can combine the two to make up your down payment.

Q: Does a borrowed down payment save me money?
A: It could – and we hope it does! Say you are currently renting a 3-bedroom home for $2,400/month. A mortgage could cost you less!

On a $400,000, you would need to borrow around $22,000 to cover your down payment and possible closing costs. This means that your mortgage payments could be around $2000/month* including your loan payments. This means that YOU could own your own home for less than you’re currently paying in rent.
*Please note this would not including property taxes, insurance, utilities, etc.

Q: Is this option available for a vacation or secondary home?
A: Absolutely! Should you be able to borrow your down payment from one of the sources above, you can absolutely use the borrowed down payment towards a second home.

Q: Am I able to use this program to purchase a home and rent it out?
A: Unfortunately, no. The home must be owner-occupied.

Q: Is there a catch?
A: There is absolutely no catch, however you must be able to qualify for a mortgage as you would with any other home purchase, and you would have to qualify for the borrowed source as well.

Q: I’m interested! How can I find out if I’m eligible?
A: We’d love to discuss your options and see if you’re eligible. Simply apply today, or contact us! It’s that simple!

We like to be transparent, so we listed the pros and cons to this program below:


  • Achieve home ownership sooner than without the borrowed down payment
  • Take advantage of today’s low housing prices
  • Great rates available currently
  • If you wait and save, rates and house prices could be higher
  • Line of credit allows for a low interest only payment


  • Additional debt payment
  • Higher Mortgage Default costs
  • Less lender availability banks don’t participate
  • Tougher qualifying guidelines – good credit is required
  • Adding additional debt, may lower the amount you qualify for

4 Easy Tips To Pay Off Your Mortgage Faster


Congratulations! You are officially a homeowner and made a huge investment in your future. Instead of paying your landlord’s mortgage every month, you are now spending your hard-earned money on YOUR mortgage payments while building equity. One way to get the best possible outcome of your investment is to pay off your mortgage as early as you possibly can. If you follow these four simple tips, the interest on the loan may decrease, and your amortization term will also decrease. This means more money in your pocket. Yay!

Below are 4 easy tips to help pay off your mortgage sooner.

  1. Make Bi-Weekly Payments

Do you currently pay your mortgage payments monthly? Consider making them bi-weekly instead! Bi-weekly payments mean payments every two weeks, instead of once a month. Because a normal calendar year is 52 weeks, making payments every 2 weeks will mean that you’d make 26 payments every year, therefore paying more of your principal than if you only made 12 larger payments in a year.

This is because there would be two months that you’d make three mortgage payments in the month, allowing two extra bi-weekly payments to be made in the year.

For example, say you have a $300,000 mortgage with a 3% interest rate. On an accelerated bi-weekly payment schedule, you could save around $16,000 in interest and could cut your amortization schedule down by almost 3 years!

  1. Round Up Your Payments

Did you know that rounding up your mortgage payments could shave years off your amortization schedule? For example, if your bi-weekly mortgage payments are $480, consider rounding up your payments to $500 which is a difference of only $20. If you’re able to do this, your bank account will hardly notice the small additional amount, while shaving years off your amortization schedule.

Just make sure this additional amount is going towards your principal and not your next mortgage payment.

  1. Make Lump-Sum Payments

Do you have some padding in your savings that could be put towards your mortgage? Did you recently get a bonus a work? Or perhaps you just got your tax refund back? Depending on the terms you agreed with your lender, it is common to have a mortgage that allows you to pay one lump-sum payment every year towards the principal of your mortgage. This yearly lump-sum payment is normally allowed based on a fixed percentage of your mortgage. For example, some lenders allow as much as a 20% lump-sum payment towards the principal of your mortgage once a year (normally on the anniversary of your mortgage). This payment would go directly to the principal amount of your mortgage, which could in turn lower your payments and/or amortization schedule, therefore saving you money on interest.

Before doing this though, be aware that mortgage terms vary depending on the lender. If your lender does not allow lump-sum payments, you may end up paying a penalty if you wish to put make one.

  1. Never stop shopping!

When was the last time your bank called you to tell you that you were paying too much on your loan? Or your cell phone and internet provider calling to tell you that there was a better rate available that included everything you currently have? The answer is probably never.

We understand that a home is a huge purchase, and we want to be in your corner. That is why Ownest monitors your mortgage monthly. If a better mortgage product becomes available that will save you money, you will instantly get notified. That means that we are shopping around for better rates and products for you constantly, because we see our relationship as long lasting and will continue to be in your corner after you purchase your home.

To learn more about how Ownest saves you time and money, contact us. In the meantime, why not apply for a mortgage today to see how much you pre-qualify for!