Calgary Fixed Rate Mortgages

December 4, 2008  
Filed under Mortgage Options

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A fixed term mortgage is a mortgage in which you are able to “lock in” an interest rate, so it won’t change for the term you have agreed upon with your mortgage lender. The fixed rate mortgage is the most simple mortgage product, and generally offers a low interest rate. The most popular term is 5 years, however other terms are available, such as 1, 2, 3, 4, 6, 7, and 10 year terms – even terms longer than 10 years (although these are much less common). Read more

Mortgage Broker for Calgarians – Why Use One?

December 1, 2008  
Filed under Mortgage Broker

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Mortgage brokers are independent professionals who work as liaisons between borrowers and mortgage lenders. They are specialists who provide you with all the information and answers you need to understand the mortgage process. There are many great reasons why you should choose a Calgary mortgage broker over your bank or credit union: Read more

Beware of the Great 1-Year Mortgage Rates!

December 1, 2008  
Filed under Housing Market

Great one year fixed term mortgage rates are abundant in the Canadian mortgage market right now. At a time when most other mortgage rates are slowly rising, it’s a bit of an odd phenomena to see one year rates dropping lower and lower. It makes us question what the lenders’ motivations are behind having these rate specials. Read more

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