From the category archives:

Calgary Mortgages

Do I Need Mortgage Insurance? Calgary Mortgage Broker Answers Your Questions

May 24, 2011

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.

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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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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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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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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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Using Your RRSP to Secure a Calgary Mortgage

April 7, 2011

If you are like many Canadians, you probably have a Registered Retirement Savings Plan (RRSP) through your bank. RRSP funds are tax deductible, allowing you to save for your retirement without paying taxes on it. You can also use up to $20,000 from your RRSP to secure a Calgary mortgage under the Home Buyers’ Plan [...]

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Types of Mortgages in Calgary

April 5, 2011

If you’re in the market for a new home, one of the first things you will need to do is get preapproved for a mortgage. Before that, however, you need to decide what type of mortgage to get. There are a number of different types of mortgages in Calgary, and understanding the basics of the [...]

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Reverse Mortgages in Calgary -What Seniors Need to Know

March 31, 2011

Many people turn to their homes for increased cash, either through lines of credit, refinancing, or renting out portions of their home. But a growing trend for seniors in using your house to get money is reverse mortgages. Reverse mortgages in Calgary have been an option for over 20 years, but only in the past [...]

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2011 Real Estate Trends Offer Great Mortgages in Calgary

March 29, 2011

If you are considering purchasing a home in Calgary, current real estate trends and upcoming changes in the ways mortgages are structured and issued make now an excellent time to buy a home. Predicted real estate trends for 2011, coupled with current low interest rates for mortgages in Calgary, make now a great time to [...]

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Mortgage Brokers in Calgary: Explain Hybrid Mortgages

March 24, 2011

Homeowners who are ready to apply for their first mortgage are faced with a number of decisions, including what type of mortgage to get, the most common being adjustable or fixed. Recently, many mortgage brokers in Calgary are seeing an increase in home buyers opting for another type of mortgage—the hybrid mortgage.

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