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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3 years | 4.09 | 3.89 | $1,451.02 |
5 years | 4.19 | 4.99 | $9,584.37 |
7 years | 5.19 | 5.80 | $10,196.74 |
Buying a home is not simply a transaction between the buyer and the seller. While the process can be some what complex, there are a number of professionals that can help make the purchase of your new home go as smoothly as possible.
For example, you can enlist the services of the following professionals to help you when purchasing your new home:
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.
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.
You may have a debt problem if:
Mortgage Broker represent you, the customer, not the lender. Because they are not employees of a lending institution, Brokers are not limited in the product they can offer you. Brokers seek out the best lender package to suit your specific situation, whether it's with a Chartered Bank, Trust or Insurance Company, or Private Funds.
There is a wide assortment of options and features available to homebuyers today. Shopping around takes a lot of time and effort. The mortgage process within today's very competitive marketplace intimidates many Canadian homebuyers. It pays to work with a mortgage professional who will represent you and ensure the mortgage you get is the one best suited to your needs.
Choosing the wrong mortgage can cost you thousands of extra dollars. Mortgage Brokers are trained professionals who can help you save on your mortgage dollar.
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 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.