Low Mortgage Rates and Your Mortgage

Mortgage interest rates are currently at historically low levels, and that means interest savings for mortgage consumers. However, with these low rates comes some concern and speculation from current and potential home owners… Read more

January Mortgage Interest Rate Update

In the past month, we’ve seen interest rates move lower, partially because of the Bank of Canada’s declaration that Canada is now officially in the midst of a recession. That doesn’t, however, mean it’s not a good time to buy – mortgage interest rates are at historical lows right now, and the housing market has a fair amount of inventory sitting there waiting to be purchased. Without further ado, here are January’s mortgage interest rates! Read more

December Mortgage Rates in Calgary

1 year: 4.35%
2 year: 5.05%
3 year: 4.84%
4 year: 4.79%
5 year: 4.89%
7 year: 5.80%
10 year: 5.95%
Variable/ARM: 4.10%
HELOC: 4.50% Read more

Your Support Team When Purchasing a Home

Throughout the process of purchasing your home in Calgary, there are a few key parties that help you along the way. Read more

Why Refinance Your Home?

There are many reasons that people refinance their homes in Calgary. Sometimes they need cash to renovate their kitchen, or maybe they need to consolidate credit card debt. Whatever the reason, your mortgage broker is ready to help you with your refinancing needs. Read more

What to Look for in a Mortgage Broker

There are many mortgage brokers in the Calgary mortgage market today, and – like banks – not all are created equal. Although mortgage brokers are becoming more prominent in the mortgage market, many mortgage consumers don’t know how to choose which mortgage broker they would like to work with. The following is a guide to some things to look for in a Calgary mortgage broker. Read more

Mortgage Dictionary – Common Terms

The following are some common terms used in the mortgage industry that could be confusing. Read more

General Information and Documents Required for a Mortgage Pre-Approval

When you visit your Calgary mortgage broker for the first time to obtain a mortgage pre-approval, there are certain documents and information you should bring with you so your mortgage application is as complete as possible: Read more

Fixed Rate Mortgages

Fixed rate mortgages are mortgages that offer a set interest rate to you for the entirety of your mortgage term. That means that if you have a five year term, your mortgage interest rate will stay the same for those five years. Read more

Adjustable Rate Mortgages

An adjustable rate mortgage is perfect for someone who wants to save as much money as possible. However, you must be able to tolerate the increases and decreases of an adjustable interest rate. Read more

What is a Mortgage? What is a Mortgage Broker?

What is a Mortgage?
Most people, when purchasing a home, don’t have enough cash sitting around to buy the property outright – especially when purchasing a more expensive home. That’s where a mortgage comes in. A mortgage is a loan secured against the property you are purchasing and is paid back to the mortgage lender over an established period of time known as the amortization period. Read more

Calgary Mortgage Pre-Approvals

What is a Mortgage Pre-Approval?
A mortgage pre-approval is a document from a mortgage lender stating, based on the information provided in your mortgage application, they will be willing to provide you with a mortgage loan of a certain amount at a certain interest rate. Read more

Calgary Fixed Rate Mortgages

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?

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!

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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