1 2 3 4 5
 
 
 
 
 
Our Products Tools & Resources Most Popular Inquiries For Webmasters
Picture of a mortgage broker Find Out Why Now!

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:

Term
Our Rate
Bank Rate
Savings
 
3 years 2.59 3.75 $8,386.16
5 years 2.89 4.94 $24,412.69
7 years 3.99 5.75 $29,211.05
 
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.

Calculator

Mortgage Calculator

A mortgage calculator is a quick and easy way to calculate your mortgage payments.
Learn exactly how much you can afford to spend before you buy.

Start calculating now
Mortgage Application

Mortgage Application

Why wait? Apply online today with our free mortgage application.
See how safe & simple applying online is by using the Alberta Equity secure mortgage form.

Start applying mortgage now

News & Events

Canadian Mortgage News

Current Mortgage News
Subscribe to our RSS feed



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.

Closing Costs Associated with Purchasing a New Home

Be prepared to pay some closing costs when purchasing a new home. These costs are not part of the property purchase, but additional items that you should consider. However, it is important to remember that these items may not be applicable in all cases, so check with your lawyer for a complete list of all closing costs specific to your situation. Possible closings costs can include:

  • Legal fees
  • Property Transfer Tax
  • Interest Adjustment
  • Property Tax Adjustment
  • Property Appraisal
  • Property Inspection
  • Survey Certificate
  • Insurance Binder

Note: Some of these costs may be included in your legal fees as your lawyer will arrange for the service to be completed.

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.

Things to Consider When Purchasing a Re-Sale

If you decide not to build brand new and have opted for purchasing a re-sale, it is extremely important to carefully assess the following pros and cons before purchasing:

Pros
  • You usually get a lower price due to wear and tear
  • You get the benefit of upgrades (finished basement, pool, etc.) at a depreciated price
  • Your neighborhood is generally established and amenities are in place
Cons
  • Others have lived in the home
  • There is no warranty for repairs required by law (unless it is a condition of purchase)
  • The décor might require changes and can be costly or time consuming