Competition = Low Mortgage Rates

Can I Clean-up my Credit?

If your credit history is less than perfect, you should definitely take a few small steps to improve your credit standing before applying for a mortgage.

The following steps will help you get one step closer to cleaner credit and even closer to owning that new home:

• Pay off high-interest debt before you focus on saving a down payment because there are mortgage options that allow you to buy with little or no money down.
• Pay off credit cards and get rid of any unnecessary ones to avoid over spending and unwanted debt. Try to pay with cash and do not apply for anymore credit accounts.
• Try to pay down installment loans such as vehicle payments.
• Hire a credit counselor or seek advice on managing your debt.
• Wait at least six months before applying for a mortgage if you have made a late payment in the past.
• File a short explanation letter with your lender if your credit suffers from one specific event.

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The Canadian Equity Group and their Alberta website adheres to all P3P guidelines.

Canadian Mortgage Info Online

CanEquity.com has recently launched its Canadian Mortgage Statistics website providing a unique source for mortgage brokers and mortgage seekers to learn about Internet mortgage trends.

These statistics were compiled using over 20,000 surveys, plus data collected over a span of five years.

Over one thousand pages of cities and towns have been developed with data ranging from average loans to peak hours for mortgage inquires through a 24-hour day.

Some of the highlights you will find are:

• Average ages, martial and residential status for Internet mortgage inquires.
• Interactive flash interface allowing you to plot national and provincial mortgage originations, average incomes, and loan amounts.
• Data displaying year-to-year, month-to-month and day-to-day Internet volume comparisons with complete charts and graphs.
• Tables displaying provincial and national mortgage volume rankings of cities and towns throughout Canada.

These statistics are anonymous and contain no personal information, and cannot be used to gather such information; therefore this information may be used freely for educational or non-commercial use.

Alberta Equity Mortgage Consultants

Our qualified and professional mortgage consultants offer personalized service to all of our clients. They are extremely knowledgeable and will offer:

• The most competitive rates while dealing with all the major lending institutions
• The maximum amount of flexibility in financing choices
• The widest choice of mortgage options including variable rate mortgages, fixed rate mortgages, capped variable rates, rental properties, mortgages for the self-employed, etc.

The advice and counseling needed to sort out credit and assess mortgage qualifications.