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Are you looking for a cheap mortgage rate in Edmonton? At Mortgage Force, we provide our clients with the best manageable prices when applying for a home mortgage. Our goal…
Category: Blog
When Is It Time to Refinance Your Edmonton Home?
There really is no perfect time to refinance your home. The answer depends entirely on why you want to refinance your home and whether or not you are financially prepared…
Breaking Down Your Down Payment Options
If you feel unclear about what your down payment options are and how mortgage default insurance comes into play, you are likely not alone. When buying a home in Canada,…
5 Tips for Getting a Mortgage When You Are Self-Employed
Are you self-employed and looking to buy a home? You may believe that it’s more difficult to get a mortgage when you are self-employed, but the basic criteria for approval…
The Pros and Cons of Getting a Second Mortgage
Did you know you can use your home to secure funds and pay off other debts? Second mortgages are a convenient and cost-effective way of doing so, but they should…
Should I Get a Joint Mortgage With a Family Member?
In Canada, a joint mortgage is a mortgage between two or more people. More commonly, two partners in a relationship get a joint mortgage but it is also possible to…
The Home Buying Process in Edmonton: Start to Finish
Are you ready to buy a home? The idea of buying a home is appealing and exciting. However, it is a huge investment and one that should not be rushed…
The Benefits and Risks of a 5% Down Payment
The standard guideline for a down payment on a new home is anywhere from 5%-20% – but that’s a large amount of money for many individuals, especially first-time homebuyers. A…
5 biggest first time home buyer mistakes
In this blog post, we will be going over the 5 biggest mistakes first-time homebuyers make in Canada. Prepare and Research The single biggest first-time homebuyer mistake that we see…
Mortgage Default Insurance Explained
In June CMHC announced big changes to the way they underwrite mortgage applications which include three significant changes which will be outlined below. Increase in Minimum Credit Score The increase…