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One question you may have when purchasing your home is, “Do I need mortgage insurance?” The answer to this depends on the type of mortgage insurance and your loan. In Calgary, there are two types of mortgage insurance: high ratio mortgage insurance and mortgage critical injury/disability insurance. read more

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How are Mortgage Payments Calculated? Calgary Mortgage Broker Answers Your Questions

May 17, 2011

One of the first things you will need to figure out when purchasing a home is how much your monthly mortgage payments will be. If you obtain a traditional mortgage, your monthly payments will be calculated based on a combination of principal and interest.

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Canadian Real Estate and Immigration

May 15, 2011

Living Quarters: Canadian Options As with most countries, Canada offers a wide variety of options when it comes to choosing a place to call “home.” The choice you make will depend on several factors, including your budget, your space needs, and your desired location. Below are some of the options you may want to consider: [...]

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What will my Closing Costs be? Calgary Mortgage Broker Answers Your Questions

May 10, 2011

When you purchase a home, one thing you will need to be prepared for are the closing costs. Closing costs are the one-time fees you will need to pay when you close on your home after the final offer is accepted and your financing is in place. Because closing costs can be more expensive than [...]

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Mosaic Decor: In With the Old

May 8, 2011

It is said that history repeats itself–A truism from fashion to auto design. It seems that what was once in vogue will eventually return to popularity. How many times have you heard someone say “Don’t throw that out, it will be ‘in’ again in ten years.” Admit it most of you have a few choice [...]

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Is a Home Equity Loan Right for Me? Calgary Mortgage Broker Answers Your Questions

May 3, 2011

If you are in need of a little extra money, whether you’re finding difficulty making ends meet or you want to take a vacation or remodel your home, a home equity loan may be a good option for you.

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Canadians Struggle to Afford Their Homes

May 1, 2011

The Conference Board of Canada has recently found that the lack of affordable housing has left one-fifth of Canadians struggling to pay for their homes. They fear this number could increase as the mortgage rates rise from their recent lows. This means that currently, 20% of Canadians are affording their homes by cutting other costs [...]

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How Does the Prime Rate Affect My Mortgage Payments? Calgary Mortgage Broker Answers Your Questions

April 26, 2011

When most people purchase a home, often the first question they ask is, “How much will my monthly mortgage payments be?” Mortgage rates are calculated based on a number of different factors, including the amount of your loan, length of loan, and the overall interest rate. One of the most important figures in determining your [...]

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How Do I Pay For a Home Renovation?

April 24, 2011

Home renovation financing has matured into one of the most competitive aspects of today’s mortgage market, and equity-rich homeowners are benefiting from an unparalleled degree of flexibility and options. When the client tells how they plan to spend and we will tell them what is the best value and the right product. Like most lenders [...]

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How does Calgary Real Estate Compare to the Rest of the Country? Calgary Mortgage Broker Answers Your Questions

April 19, 2011

The current Calgary real estate market is advantageous to both buyers and sellers—housing prices are rising, meaning sellers and current homeowners have more equity, and at the same time interest rates remain low, which leaves buyers with lower monthly payments and less spent on interest over the life of the loan. Sales of both homes [...]

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