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Competition = Low Mortgage Rates

Many Albertans apply for a mortgage with just one lender, often their bank, without shopping around without realizing that competition always results in the best deal.

We will survey the market and search dozens of mortgage lenders to find the best rates in Canada. This FREE unbiased service ensures that you will receive low mortgage rates and huge savings over the term of your mortgage:

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Error message: Illegal division by zero at D:\inetpub\wwwroot\AlbertaEquityV2\cgi-bin\ab-rates.cgi line 74.

Please call CanEquity Support at 1-866-530-5541 to report this error. Above calculation based on a $250,000.00 mortgage loan over a 25-year amortization period using a monthly payment schedule (mortgage loan for an average Calgary inner-city two-story home).
* Mortgages and rates subject to change without notice.

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This Week's Topic And Mortgage News and Events

 
Obtaining a mortgage is one of the most important decisions you may ever make, and with so many choices and ongoing decisions; the right advice can have a huge financial impact.

Things to Consider When Building a Brand New Home

If you decide to build a brand new home instead of purchasing a re-sale, it is extremely important to carefully assess the following pros and cons before purchasing:

Pros
  • You are the first occupant meaning no one else has lived in the home
  • You get to decorate as you wish by selecting your colors, design features, and other various upgrades
  • You are protected from construction deficiencies by Provincial Law
Cons
  • The area is not established and is often still under construction causing excess traffic, noise, dust, etc.
  • Landscaping, driveway paving, and other finishing touches might take extended periods of time to have completed due to other construction in the area
  • The timely completion and occupancy of your new home can be delayed for any number of builder related reasons
  • There are some closing costs that apply to new homes

Should I Purchase a New Home or a Re-Sale?

First-time home buyers have many decisions to make after deciding to purchase a new home. These decisions can be overwhelming and even frustrating if they do not have all the facts.

Buy a New Home or a Re-Sale

A common question for many first-time home buyers is whether or not to build brand new or to purchase a re-sale. Let our professional mortgage brokers at Alberta Equity Mortgages ease your frustration by offering solid advice while providing both the pros and cons of building brand new or purchasing re-sale.

Stop! Don't Renew Your Mortgage...

Have you received your mortgage renewal in the mail? Don't just sign the form and send it back to the lender.

Over 70% of mortgage holders in Calgary and Edmonton do just that, and what is the usual result — a higher mortgage rate and a product that might not be best suited to their needs.

Make sure you are getting the best mortgage renewal rate in Alberta. Learn More

Low Interest Mortgage Renewals

Recognizing Debt Problem

Recognizing the Danger Signs

You may have a debt problem if:


  • you are feeling stress and anxiety over money situations and finding it difficult to sleep at nights.
  • your monthly bank statements are in the negative.
  • you're only able to pay the interest and service charges on your credit cards.
  • you are afraid to open your mail or answer unknown phone numbers.
  • your services have been cut off such as hydro or telephone.
  • you're always borrowing money from family and friends and then find yourself avoiding them because you cannot afford to re-pay them.
  • creditors are pressuring you and threatening to sue.
  • you have received notification in the mail from a collection agency.
  • your wages have been garnisheed.

Is Mortgage Insurance Required?

First time home buyers are generally required to have mortgage insurance if their down payment is less than 25% of the purchase price for the property. The home buyer can either get private or public mortgage insurance through the Canada Housing and Mortgage Corporation known as CMHC or through GE Capital.