Competition = Low Mortgage Rates

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. CanEquity Mortgage is an active member of the Better Business Bureau and has helped tens of thousands of Canadian's with their mortgages.

Before Looking to Purchase Get Pre-Approved!

It is always a good idea to get pre-approved (or pre-qualified) for a mortgage before you decide to look at a new home.

A pre-approval will not only let you know if and for how much you are approved for, but also gives you better negotiating power and will to keep you within your budget.

Knowing that you are a serious buyer because you have already made that first important step, many home sellers will consider reducing a listed price to match your approved budget.

And by knowing how much your monthly payments are, you can then easily factor in additional cost like property taxes, utilities and insurance.

Another major advantage to pre-qualification is the rate hold. A rate hold means that you can secure an interest rate at today's current rates and keep these rates for up to 120 days or a full year on new construction. Even if interest rates drop during that time, you will still automatically qualify at the new lower rates. And, if the rates should ever go up, you would then get the secured rate.

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The Platform for Privacy Preferences Project (P3P) is an emerging standard that enables Web sites to state their privacy practices in a standard format that browsers can retrieve automatically and interpret easily. This will enable users to be informed of site practices (in both machine- and human-readable formats) and to automate decision-making based on these practices when appropriate. Thus users need not read the privacy policies at every site they visit. In Internet Explorer version 6 browsers, you can set your security settings to choose what information may be collected about yourself, and how it may be used and disclosed.

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

Learn to Save $40,000 - Biweekly!

Most mortgage payments are made on a monthly basis. However, arranging to make accelerated biweekly mortgage payments can have a dramatic effect on the amount of money you have to pay and the time frame before it is all paid off.

Under a biweekly mortgage, instead of making the payments once a month, you make half the payment every two weeks. If your mortgage is $1,000 per month, under a biweekly system it would be $500 every two weeks.

You make 26 payments per year, which is the equivalent of 13 monthly payments rather than 12. The extra payment is than taken directly off the principal, reducing the payment schedule accordingly.

The effect of accelerated biweekly mortgage payments can be dramatic. For example, if you currently have a $150,000 mortgage loan at 7.5 percent fixed interest, you will have paid approximately $330,000 at the end of 25 years. That's a $180,000 in interest!

However, if you use a biweekly payment system, you will pay $290,000 and have it completely paid off in just over 20 years. You save a staggering $40,000 and you pay the loan off nearly 5 years earlier!

An increasing number of mortgage companies are now offering a biweekly payment option. It is even possible to convert your current monthly payments into a biweekly schedule.

Be wary of independent companies offering to do this for you for a fee -- you can do it for yourself by simply phoning your lender or contacting Alberta Equity Mortgages

FREE real estate listings!

Real Estate Agents, Private Sellers, and Investors can all list property for free. Listings on Snap Up Real Estate are optimized so that Google, Bing, Yahoo, and all search engines can easily index the listings. With the social sharing options, you can quickly share to your contacts on all your favourite social networks and so can interested buyers.

Check out the Market before House Shopping

Before you begin house shopping, check out the market and familiarize yourself with what is available.

Being pre-approved will tell you how much you can afford, so take a look at the real estate listings in the paper or through other real estate publications. By doing this, you will have a good idea of what is available in your price range and what you can expect to view when you start home shopping.

Also, taking a drive in a desirable neighborhood is a good idea as you could stumble upon an open house giving you a better idea of what you want in your new home.