Today's Topic:
Debt Consolidation
Is Debt Consolidation Right for Me?
 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.
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.
Let us find the best lowest rate!
 Did you know when dealing with your bank, you only deal with one lender? At Alberta Equity Mortgages, we shop the market from coast to coast comparing rates from hundreds of Canadian banks, mortgage lenders, trust companies and credit unions. This allows us to find you with the lowest mortgage rates and best possible terms in Canada. And, if that's not enough, we will do all the paperwork necessary to get your mortgage application pre-approved, saving you the time, money and trouble of going to the bank.
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Having Difficulty Managing your Monthly Bills?
For many Canadians, it is easy to let the monthly bills get out of control and it becomes difficult to make ends meet. Making multiple payments to credit cards and other credit lenders can be overwhelming. Our mortgage brokers at Alberta Equity are qualified professionals who are trained to find the perfect solution for your situation, so why not make things much simpler with one easy payment? Here are some options to consider:
- Refinance your existing mortgage and use the equity in your home to pay off high interest credit cards
- Obtain a short time second mortgage for a if you are unable to refinance your existing mortgage
What is an assumable mortgage?
An assumable mortgage is one in which a qualified buyer can take over the mortgage from the current owner on the property being purchased. Assuming a mortgage requires a simple amendment to the mortgage document registered on title. This type of mortgage can offer the qualified buyer with a better than market interest rate in some cases and also cut legal costs associated with obtaining a brand new mortgage.
Have a Web Site? Need to Display Rates?
Are you a realtor, broker or financial planner with a website? Do you need up-to-date Canadian mortgage rates displayed on your web page? You can choose from over 200 mortgage rate boxes to suit your web site. Find tailored made graphics for many of Canada's real estate companies and related websites.
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Product Popularity
Below is a tally of our most popular mortgage inquiries made using our online pre-approval application for Mortgages in Alberta.
| Mortgage Type | | Inquiries | | First-time Buyer | | 30.18% | | Qualification | | 21.62% | | No Money Down | | 14.86% | | Refinance | | 11.71% | | Renewal | | 6.53% | | Purchase | | 4.73% | | Pre-approval | | 3.15% | | Variable Rate | | 2.03% | | Low Doc | | 1.35% | | Other | | 3.84% | | Last Tally: Jun 11 at 10:55:14 |
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Current News
Consumers expect home sale prices to decline, say construction and home ...
TORONTO, Ontario, September 02, 2010 — From New York -The barrage of negative housing data in the past month has taken a toll on U.S. consumers, with 40 percent saying they expect the sale prices of homes in their neighborhood to decrease over the next year, compared to 31 percent who said this in August, according to the monthly RBC Consumer Outlook Index. Only one-quarter of Americans …
BMO Slashes Market-Leading Five Year Mortgage Rate By 20 Bps to 3.59 Per Cent
TORONTO, Ontario, September 01, 2010 — BMO announced today it is decreasing its popular five-year low rate mortgage from 3.79 per cent to 3.59 per cent* effective September 2, 2010. The move will provide home buyers just the incentive they need to kick-start the fall house-hunting season with a renewed fervour. “It’s a great time to buy a home,” said Martin Nel, Vice …
Housing Activity Stabilizing
OTTAWA, Ontario, August 31, 2010 — After rebounding in the second half of 2009 and early 2010, housing starts are expected to moderate in the second half of 2010. Starts are expected to stabilize at levels consistent with demographic fundamentals in 2011, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarter Housing Market Outlook, Canada Edition . 1 Housing …
Release of the Fiscal Monitor - June 2010
OTTAWA, Ontario, August 27, 2010 — The Honourable Jim Flaherty, Minister of Finance, today released The Fiscal Monitor for June 2010. Highlights June 2010: budgetary deficit of $2.8 billion
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