Mortgage Rates: Shop Like A Pro
Credit / Insurance / Lenders / Mortgage Renewal / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Mortgage Rates: Shop Like A Pro

  If you are currently shopping for a mortgage interest rate, this article should be both helpful and insightful. When you know what you’re looking for you can ensure the conditions that sometimes apply to the really low interest rates fit your financing needs. And when you are educated and prepared to negotiate, the rate … Continue reading

Is a second mortgage right for you?
Bankruptcy / Broker vs. Bank / Credit / Debts / Documents / Lenders / Qualifying / Quizzes / Rates & Terms / Refinance

Is a second mortgage right for you?

I don’t mean a second mortgage as in getting a mortgage on a second property; in this case I’m talking about a 2nd mortgage behind an existing 1st mortgage secured against the same property. Second mortgages aren’t for everyone so I’m going to highlight what I think are the top 10 things you should know … Continue reading

Mortgage Payment Basics
Debts / First Time Home Buyer / Income / Lenders / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Variable Interest Rates

Mortgage Payment Basics

  I’m sure you know what a mortgage payment is; a scheduled repayment plan for the mortgage you’ve obtained on a property. Now let’s look deeper into what a mortgage payment amount actually includes, how payments can vary, and how you can use your mortgage payments to reduce your mortgage principal quicker. I will try to cover … Continue reading

Mortgage Payout Penalties
Broker vs. Bank / Documents / Lenders / Mortgage Renewal / Pre-Payment / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Mortgage Payout Penalties

What you need to know You may not hear about a payout penalty until you want to break your mortgage term early, then you could be surprised by the figure you are quoted by your existing lender. Be prepared by understanding how your penalty is calculated before you make a decision to pay out your … Continue reading

5 Specialty Mortgage Products You Don’t Know About
Broker vs. Bank / Documents / Downpayment / Insurance / Lenders / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance

5 Specialty Mortgage Products You Don’t Know About

  If you’re like most borrowers, you don’t need to go shopping for a mortgage very often. You’ll likely need home financing only a handful of times in your life and you may not know about the entire suite of specialty mortgage products that are available to you right now. Aside from using an experienced … Continue reading

It’s Not All About Rate
Bankruptcy / Broker vs. Bank / Credit / Documents / Downpayment / First Time Home Buyer / Income / Lenders / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

It’s Not All About Rate

If you are currently shopping for a mortgage interest rate, this article should be both helpful and insightful. When you know what you’re looking for you can ensure the conditions that sometimes apply to the really low interest rates fit your financing needs. And when you are educated and prepared to negotiate, the rate shopping … Continue reading

How much do you know about second mortgages?
Bankruptcy / Credit / Debts / Documents / Lenders / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties

How much do you know about second mortgages?

I don’t mean a second mortgage as in getting a mortgage on a second property; in this case I’m talking about a 2nd mortgage behind an existing 1st mortgage secured against the same property. Second mortgages aren’t for everyone so I’m going to highlight what I think are the top 10 things you should know … Continue reading

Broker vs. Bank / Documents / Downpayment / First Time Home Buyer / Income / Lenders / Market Updates / Mortgage Renewal / New to Canada / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

How To Pick A Mortgage Type

Whether your mortgage is up for renewal, you’re thinking of refinancing or this is your first mortgage; picking an interest rate and mortgage term that is right for you can be a daunting task for some. First you have to decide if you want to take a fixed or variable interest rate, then you need … Continue reading

Should I Refinance Right Now?
Broker vs. Bank / Credit / Documents / Lenders / Market Updates / Mortgage Renewal / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties

Should I Refinance Right Now?

If you’ve been thinking about your monthly debts or mortgage payments lately, it may be time to refinance your mortgage.  Rates are low and Edmonton is a booming market so home values are up a bit.  If you’re unsure if it’s worth it to revamp your current mortgage, a review of your existing mortgage details … Continue reading