Mortgage Articles

Alberta Mortgage Tips

Everyone has advice to give, but whether it is useful or correct is anyone's guess. Mortgage Tips are only valuable if they come from a reliable source. If they come from an unreliable source, they could cost you thousands of dollars and a lot of wasted time. Most people wouldn't go to their mechanics to get advice on building a deck, and most wouldn't go to their doctor to ask for tips on buying a boat; it is best to seek the advice of an expert on the matter. Alberta Equity only employs the best. Our professionals are well versed in providing advice and mortgage tips for borrowers across the Alberta.

Here are a few basic but important Alberta Mortgage Tips:

• Always get pre-approved BEFORE you start shopping for a house
• Make sure you know your credit score before you apply for any loan
• Mortgages are vast and plentiful, so make sure you talk to a professional before deciding which product you want
• Rates don't stay low forever, so make sure that you make the right decision when it comes to the length of your fixed term
• Make sure you shop around for a good lawyer when buying, selling or making changes to your mortgage - lawyers can protect your interests
• If you plan on moving, make sure you change your address with ALL credit card, loan and utility companies immediately - this protects your credit and eliminates missed or late payments
• Providing your SIN number can sometimes make things easier when checking your credit, but make sure you protect your identity by only giving your SIN number out when necessary
• When applying for any financing online, make sure that the application is secure and the website and company are reputable
• There are over 80 lenders with up to 10 products each, nearing almost 800 products in total. Your bank could never provide these options, only a mortgage broker can
• Sometimes refinancing is the smartest move when rates are reasonable and your debt load is high
• If possible, make one extra monthly payment per year or switch to bi-weekly accelerated payments. It will knock down your principal much faster
• Call a mortgage broker for anything mortgage related. Use your bank only for your bank account

Alberta Equity has helped over 50,000 people find and qualify for the best mortgages in Canada for over ten years. We do all of the heavy lifting and ensure that you get the best mortgage rates and product features available. Apply online for a free, no obligation consultation or alternatively, view our products and services.