When applying for a mortgage, many potential and existing homeowners have found themselves having a difficult time deciding between going for a variable or fixed rate mortgage product. In today’s market, that decision has become even more difficult. As an Edmonton, Alberta based mortgage brokerage, let’s walk you through a brief history of the two…
Today’s fixed rate mortgage interest rates offer a tremendous opportunity for Albertan home owners to reduce their monthly mortgage payment obligation(s) by refinancing their existing home mortgage(s). Even just 2 years ago, mortgage interest rates averaged over 0.5% higher than rates offered by most financial institutions today, meaning that even after paying a payout penalty,…
Recent changes in mortgage lending criteria have now made it possible for self employed Albertans to buy a home, and get a mortgage with as little as a 5% down payment. If you have owned your own business for 2 years or longer, you could qualify to buy a home with as little as 5%…
8 quick tips for paying off your mortgage faster. Save yourself thousands of dollars in interest, and years of making mortgage payments by following these quick tips The biggest concern of most Canadian homeowners is to pay off their mortgage as fast as they possibly can. Generally speaking, homeowners are aware that providing extra down…
Mortgage brokers are extensively trained professionals that work hard to provide you with consultation and services regarding the financing of real estate. Mortgage brokers act as mediators between you (the purchaser) and the lender (bank, trust company, mortgage company, investment company, etc.) searching for the home financing alternative(s) that will best meet your needs. An…
