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Competition = Lowest Mortgage Rates in Alberta

Although many people in Alberta try to re-negotiate a mortgage with one lender [a bank], competition has always resulted in the best deal.

With your application, we will survey all of the leading Canadian lenders to find the best rate mortgages in Canada. This FREE unbiased service guarantees that you will receive the lowest mortgage rates and the most savings over the term of your mortgage:

Term
Our Rate
Bank Rate
Savings
 
3 years 2.59 3.55 $6,937.05
5 years 2.89 5.14 $26,816.69
7 years 3.59 5.95 $39,111.48
 
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

 
If high interest rate credit cards and loan debt are keeping you from getting ahead, as a home owner you can refinance your existing mortgage and use the equity in your home to pay off that debt. With the low mortgage rates and rising property values it is a great time to consolidate your debt and even decrease your monthly payments.

Alberta Equity Mortgage Consultants

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.

Hiring a Home Inspector

Hire a Home Inspector Before Buying a House

It's often said that one of the most expensive and important purchases you will ever make will be your home. However, unlike the guarantee a buyer receives with most purchases, there's no money-back guarantee or return policy if you're not satisfied with your recently purchased home.

Once you buy a home, you're on your own to maintain it, repair it, anticipate problems and pay the bills. This is why it's best to know as much as you can about potential problems before you make the commitment to buy. Learn More

Can I use Funds from my RRSPs as a Down Payment without Tax Penalty?

The answer is yes. Through the Home Buyers' Plan (HBP), Revenue Canada permits you to use up to $25,000 of your RRSP funds as a source of down payment towards buying or building a new qualifying home. Revenue Canada will not view your eligible withdrawal amount as income therefore, that amount will not be taxed. However, there is a catch. The amount withdrawn from your RRSP must be repaid into your RRSP within a 15 year period. If you fail to make the repayment by the specified deadline, the amount that was withdrawn will then be counted as income for that year and you will be taxed.

Home Buyers' Plan from the Government of Canada

Is there a benefit to using the Home Buyers' Plan?

If you use your RRSPs within the specified guidelines of the Home Buyers' Plan, you will see both immediate and long term benefits. For example, you are immediately able to increase your down payment amount which in turn decreases your principal amount owing. By owing less on the principal, you will gain substantial savings on interest alone over your mortgage term.

Is Buying a Home a Good Investment?

Buying a Home as Investment

Many first-time home buyers are inexperienced when it comes to investing and even wonder if buying a home is a good investment? Don't take our word for it! You can ask other home owners as they tend to agree that yes buying a home is a solid investment.

Investing in real estate gives a home owner both financial leverage and possible monetary gains upon selling the residence. Because you are not required to have the full purchase price you can borrow the money to finance the purchase and when if you sell, any money made on the residence above the purchase price is tax free and yours to enjoy.

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