Calgary Mortgage Brokers PowerPoint PPT Presentations

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While working with an experienced mortgage broker to help you find a great deal on a mortgage in Calgary is always a smart idea, there are a number of other things you can do to ensure that you get the best mortgage for your circumstances; here are 6 of them:

Secure the best mortgage deal in the real estate market through a professional mortgage broker in Calgary! Need help to find an experienced mortgage broker? Read to know the tips to find the one who save more pennies for you.

Thinking of hiring a mortgage broker in Calgary? Here are five major benefits you can enjoy when using a professional mortgage broker.

Only an experienced mortgage broker in Calgary can help you get best rates. Even before you opt for mortgage, learn the various components of mortgage here!

Looking for a reputable mortgage broker in Calgary? Here are the five major things to consider when you need to choose an experienced and find the best mortgage broker.

If you’re applying for a mortgage for the first time, you’ve probably heard at least some of the myths listed below. Now, while seeking help from a mortgage broker can definitely simplify the process and make it more manageable, it’s also helpful to try and get a better understanding of mortgage procedures yourself, and by debunking 5 common untruths about them, you should feel a little more mortgage savvy:

For most of us, trying to make sense of the terminology surrounding mortgages can be mind boggling to say the least. But, with this short guide to the most commonly used words and terms, you can begin to turn nonsense, into sense:

Finding the best mortgage deal is a nerve wracking experience. Follow these simple tips to get good mortgage rates residing in the market. Hire Calgary mortgage realtors to get good deals.

Finding the best mortgage deal is a nerve wracking experience. Follow these simple tips to get good mortgage rates residing in the market. Hire Calgary mortgage realtors to get good deals.

There are several ways in which homeowners can try and pay off their mortgage quicker, and some tend to be more successful than others. While a lot will depend upon your own personal and financial circumstances, here are 3 ways that might help you pay off your mortgage quicker:

For Canadian homeowners on their first mortgage, the term ‘mortgage refinancing’ might be a commonly heard one, and it refers to homeowners securing another loan to pay off their original mortgage.

We might be heading towards the halfway point of the year, but that doesn’t mean that you can’t reassess your financial goals and begin preparing to get a mortgage loan; not all resolutions have to be made on the 1st January! With this in mind, here are a few tips to help you better manage your finances and begin saving for a mortgage:

For Canadian homeowners on their first mortgage, the term ‘mortgage refinancing’ might be a commonly heard one, and it refers to homeowners securing another loan to pay off their original mortgage.

If you’ve been unfortunate enough to go through a bankruptcy or consumer proposal, and need to apply for a mortgage loan to purchase a property, you’ll find that it might be a lot tougher than you anticipated.

Paying off a mortgage quickly is something that most Canadians would love to be able to do, and being debt-free is a dream for us all. Not only is mortgage debt a financial burden, but it’s one that can put intense stress on you in many other ways, too. Securing your financial future becomes so much harder when your mortgage payments take up most of your monthly income for 25 years, and planning and saving for your retirement is increasingly tough if mortgage rates keep rising. Pay your mortgage off quicker, however, and you can begin to free up money that could be spent more wisely, such as on retirement savings.

Mortgages need not be complex and intimidating, especially if you work with a local mortgage broker, but it is important to have a basic understanding of how they work, and perhaps more importantly, how they don’t work.

Finding the best mortgage deal is a nerve wracking experience. Follow these simple tips to get good mortgage rates residing in the market. Hire Calgary mortgage realtors to get good deals.

There may come a time in life when refinancing your mortgage is a viable option, and there are several reasons in which this might be the case. To find out if refinancing your mortgage is a wise decision for you, speaking to a mortgage broker or financial advisor could help you decide.

At the beginning of the year, Canada’s housing debt was recorded at its highest in over a decade, and with the average purchase price of a home in Canada increasing by more than 40%, it’s little wonder more and more Canadians are getting themselves into mortgage debt.

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You may not realize it, but when it comes to crimes of a financial nature, mortgages give fraudsters many opportunities to steal and swindle innocent people out of their money. Here are some important facts about mortgage fraud and ways in which you can avoid becoming a victim:

Are you finding it hard to keep up with your bills and finance your lifestyle? If so, you might be considering taking out a second mortgage. However, second mortgages are often misunderstood, and there are several myths surrounding them that make it hard for homeowners to make the right decision for their circumstances. While talking to a qualified mortgage broker in your area can help separate the truth from the fiction when it comes to second mortgages, you might also find the following information helpful:

Canadas new mortgage rules can have an impact upon your mortgage, whether you’re looking to purchase your first home, or want to switch mortgages or refinance; the following guide should help you make an informed choice:

While paying off a high-interest consumer loan, or financing home improvements with the money from a second mortgage, is a worthwhile and sound idea, there is a better way to use that money: make a down payment on a rental property.

There can be many reasons for wanting (or needing) to renew your mortgage, from changes in your financial circumstances, to being dissatisfied with your existing lender, but whatever your reason, renewing can be a fantastic opportunity to make some much needed changes.

Renewing your mortgage automatically may not be the right choice for everyone, and a lot will depend upon your current financial position, you’re your future financial goals.

Provided you ask the right questions of your local mortgage broker, they can help you find a home you can see yourself living in, at a price you can actually afford.

While the majority of Canadian lenders do their best to protect the consumer, remaining within the confines of state and federal laws, and adhering to real estate law and ethics, an unscrupulous minority of lenders exist who make it their objective to target the uninformed. Knowing reputable lenders from predatory ones can help you avoid getting involved in a scam and potentially losing a lot of money.

There can be many reasons why a homeowner might choose to refinance their mortgage; read on to find out about the most popular reasons, and learn whether it’s the right decision for you:

For anyone wanting to purchase their first property, the process can seem more than a little daunting, and knowing who to turn to for help and advice, not to mention your mortgage, can be confusing. To help you, here are the 3 main places to get your mortgage from:

Influencing the health of the economy are many factors, from unemployment and inflation, to consumer confidence and the housing market, and any number of these, when combined, can also influence fixed and variable mortgage rates.

For those who have never chosen to seek help from a mortgage broker, it may be because you’ve heard a few things about them that just aren’t true.

With the recent announcement of a new and effective vaccine on the horizon, bond yields in Canada and the U.S. are hovering right around 0.50%, the first time they’ve done so since the beginning of June. Bond yields lead fixed mortgage rates, causing some to suggest that mortgage rates could be finding a bottom and may only get higher from now on in. With the profit margins of lenders already exceptionally tight, rising yields are doing nothing to help and are in fact, tightening their margins even more. Some within the industry have observed that if yields continue to rise, banks will waste no time taking their fixed rates with them. That said, experts predict that the future is bright where the housing market and mortgage rates are concerned, and that 2021 will be all about recovery.

The real estate market in Calgary has been incredibly busy up until now, and looks set to continue that way. With the ongoing health pandemic, Canadians have been forced to alter everything about their lives, and with lockdowns and curfews in place for many weeks, their priorities have shifted towards their homes, and making them as comfortable and livable as possible.

As a short-term interest-only loan taken out with the available equity in your property, a second mortgage is typically only offered by private lenders, and unfortunately, their rates are higher than those you’d see for first mortgages at a bank. Default on your second mortgage, and you could experience foreclosure of your home, or even face a lawsuit; the consequences can be devastating, but seeking help from a reputable, local broker can help you negotiate a settlement.

When it comes to applying for a mortgage in Canada, it could benefit you to have someone co-sign it for you, and below we take a look at co-signing in a little more detail:

Most mortgages in Canada are limited to a 25-year amortization period (the total life of a mortgage), and this is mainly because mortgages requiring CMCH insurance coverage have a 25-year maximum. However, 30-year mortgages do exist in Canada, but you’ll need to have a low-ratio mortgage that won’t be subject to long-term finances.

When we look back over this past year, we’ll certainly be able to say that 2020 was a memorable one, although for the many millions who suffered immeasurable losses, both personally and financially, it will be one they wish they could forget. That said, amongst all the negativity, pain and stress, the housing market in Canada has continued to grow; will it continue to do so as we move towards the end of the year and move into 2021?

As a significant financial investment, purchasing a home is difficult for many people without a mortgage, and while there are no solid guarantees that you’ll be approved for the mortgage of your choice, you can take the following steps to give yourself the best chance of making it happen:

As one of the most significant purchases most of us will make in our lifetime, a mortgage is a big deal, and as such, it can help to save money on it wherever, and whenever you can. Even the smallest of changes in an interest rate can make a big difference to the amount you have to pay on your mortgage, making understanding the factors that can impact these rates, very important.

Taking advantage of low interest rates (historically low, in Canada’s case) is possible with a mortgage pre-approval, and while it doesn’t provide you with a guarantee that you’ll be approved for a mortgage, it does give you the opportunity to lock in a low interest rate – if only for a matter of weeks. This means that even if rates go up in the future, you could still get that the great rate that’s available today.

With Canadian mortgage rates at an all-time low, questions are being asked as to just how long they’ll remain that way, and what factors will affect it the most. Undoubtedly at the moment, the COVID-19 vaccination race and their earlier than anticipated arrival, paints a reasonably optimistic economic forecast. The ongoing lockdown continues to hamper the economy, making vaccination rates vital, and the race to achieve herd immunity, an ever more desperate one.

When it comes to mortgage borrowing, we all know that a credit score is taken into accountant by lenders, but did you know that the credit report they see, is not the one you might be seeing?

Whether you’re affected by a poor cashflow, temporary unemployment or a lack of credit history, affording your own home may be next to unachievable, without a little help, that is.

When you’re searching for a mortgage in Canada, you’ll find they’re either high-ratio, or low-ratio, and it’s important to understand the difference between the two.

For private lenders, 2021 looks set to be another bumper year, with the private mortgage market stronger now than it was during pre-COVID times. With the unique challenges of the pandemic being felt by lenders and borrowers globally, as well as in Canada, it seems that more attention has been focused on the private sector. Responding to decreases in liquidity and demand at the beginning of the pandemic, traditional lenders started to restrict their lending by tightening requirements, and borrowers wanting to purchase a property were being turned away left, right and center. With no alternative but to turn to private lenders, many were pleasantly surprised by what they found, even if they had never envisaged such a turnaround.

When you make a late payment or default on a payment, the lender or creditor reports the information to the credit bureaus. Then, it’s included in your personal credit report, which can then be used to enable other lenders or creditors to make a more informed decision as to whether to extend you credit. If you’re applying for a mortgage and have bad credit, this can affect your ability to secure a loan, but it doesn’t always have to be a complete barrier.

Once you’ve selected a mortgage broker that you feel comfortable working with, there are many questions that you might have for them, but here are 5 of the most important:

The following mortgage options are the most common, and knowing which one is best suited to you and your personal circumstances, can be achieved with the help of a qualified and experienced mortgage broker.

It can be easy to miss private mortgage lenders among the noise and glossy advertising of Canada’s Big 5, but they are often viewed as saviours by some individuals or institutions when financing options are unavailable to them. Private mortgage lenders offer short term asset backed loans for the purchase of a property, and they can be a fantastic alternative to other, regular financing options, depending upon your circumstances.

If you’re not familiar with equity take-out mortgages, the following short guide should help you learn more about them and discover whether you could benefit from one. If you think you would like an even more detailed guide, reach out to a professional mortgage broker who can assist you in determining whether one would be suitable for you and your specific circumstances.

It is often thought of as being a big financial achievement to pay off your home mortgage before you retire, but in many cases, you can still retire in comfort without having paid off all your housing debt. With some low mortgage interest rates, it can be a more sensible financial decision to carry on making the payments once you’ve retired, and here are a few other examples of when it might make good sense to keep your mortgage into retirement:

A mortgage is likely to be one of the biggest expenses of your life, and a major financial investment, but once you’ve found the right one for you, who’s to say that it will remain the right one for you, years down the line? With such a big chunk of your money being expended annually, it pays to be sure that you’re still getting the best rates, and the best of way of doing this is to engage with a broker who can help you conduct a review of your current mortgage. Some refer to this as a home loan health check, but whatever you choose to call it, carrying out a review of your current mortgage could help you take advantage of new market conditions, and potentially save big in dollars:

In not knowing or understanding the vital role that a mortgage broker can play you stand to lose what could amount to thousands of dollars in long term savings. Here are just 6 of the reasons why it makes sense to use a mortgage broker: