11 Jul
What does a mortgage broker do?
An Alberta mortgage broker can offer services a step beyond the average loan officer and a serious buyer needs to consider this. A partner and advocate for your lending needs can only serve to aid you and your mortgage, and this is where a broker comes in. Because they are not employed by any bank, they have access to a varied selection of rates and the expertise to match a buyer with the best one. Read the rest of this article...
10 Jul
The Canadian housing finance system has made it possible for you to buy a property in Canada even if you are not able to save enough for the money down. Borrowers will be able to get the interest rate of a 20% loan while only paying at least 5% on your down payment. How can this be? You are able to get such a great deal because they require the purchase of loan insurance for the amount borrowed. Risk of the loan defaulting is reduced for the mortgage company and the buyer is able to buy a residence without making the entire down payment. Read the rest of this article...
07 Jul
If you are about to buy a home, you are probably considering about mortgage insurance. Mortgage insurance helps protect the lender again your loan going default.
A defaulting loan is probably not on your radar. All the better, so no need to worry about mortgage insurance, right? Wrong. Mortgage insurance can help reduce your mortgage down payment or interest rate. Read the rest of this article...
01 Jul
It is about to happen you are on the edge of getting your first house. You do want to protect your loan, right?
Definitely. Save yourself a lot of toonies and protect the mortgage and get a better deal while you are at it.
Here is how it works: You want to purchase a house but you are young and do not have the large down payment required. Or is it the large interest rate that is the issue? Read the rest of this article...
26 Jun
The process to purchase a house is tedious and sometimes overwhelming. The costs add up – expenses that you never thought about, and you are tired of it. Mortgage insurance could very well be worth your while if you research it.
Have you considered mortgage insurance? What does it cause you think of? It can act as protection incase of a sudden death, disability, or another ailment that will prevent you from paying for your mortgage. Read the rest of this article...
