Edmonton Mortgage Broker Blog

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Edmonton Mortgage Broker Blog

Questions to Ask a Mortgage Broker

Are you looking to get a new loan for a home that you want to buy, or perhaps you want to refinance your property? Whenever you are in need of a mortgage broker, it is important to approach the loan carefully. After all, you want to be sure that you are working with a great …

Edmonton Mortgage Broker Blog

When to Speak to a Mortgage Professional

Are you getting ready to buy a home, or at least thinking about purchasing a property? If you are, then you know that at some point, you are going to need to speak with a mortgage professional. The big question for many is when they should start to consult the professional. The answer, in just …

Edmonton Mortgage Broker Blog

A Simple Guide to Understanding Why Mortgage Rates Go Up or Down

You have probably noticed that the mortgage rates are not static. They are going to go up and down, which can be difficult to follow and understand. There are many different factors that can affect the rates, and those who are considering getting a mortgage are going to want to have a better idea of …

Edmonton Mortgage Broker Blog

Mortgage Insurance: What It Is and How It Works

Mortgage Insurance: What It Is and How It Works For the vast majority of people, buying a home means getting a mortgage. Most of us don’t have pockets deep enough to pay cash for a home outright. That means working with a lender. By definition, lenders take risks in loaning money to consumers. There’s always …

Edmonton Mortgage Broker Blog

Understanding How Your Credit Score Affects Your Mortgage Rate

Credit and Homeownership: Understanding How Your Credit Score Affects Your Mortgage Rate While your credit score might not determine your value as a contributing member of society, it does have a major impact on your life and how you are able to live it. If you’re contemplating making the leap into homeownership, for instance, your …

Edmonton Mortgage Broker Blog

What Information Do You Need for a Loan Application?

What Information Do You Need for a Loan Application? Buying a new house or property in Edmonton is an exciting adventure, but one part of the process that can be stressful is applying for the loan. Not being sure that you can afford the property will put a damper on things until your loan application …

Edmonton Mortgage Broker Blog

How to Get Pre-Approved

How to Get Pre-Approved for a Mortgage in Edmonton There are many paths to homeownership, and for most homeowners in Edmonton, luck and circumstance play a big part in finally landing that dream home. But did you know that there are ways that you can make it more likely that you’ll seal the deal when the …

Edmonton Mortgage Broker Blog

New Mortgage Rule Changes Explained

As many of you have seen on the media, OSFI has implemented new mortgage rule changes starting January 1, 2018. Now, non-insured mortgage consumers (buyers with a 20% or greater down payment) must qualify at the “a stress test rate” which is the higher of the Bank of Canada Rate (currently 5.14%) OR the rate …

Edmonton Mortgage Broker Blog

Getting A Mortgage With Bad Credit

Credit Challenges   In today’s economic climate of tighter credit requirements and increased unemployment rates taking their toll on some Canadians, there’s no doubt that many people may not fit into the traditional banks’ financing boxes as easily as they may have just a couple years ago. Your best solution is to consult one of …

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