11 Questions to Ask Your Mortgage Broker
Whether you’re a first-time buyer or a seasoned homeowner looking to renew your mortgage, working with the banks can be both stressful (and costly) without the right information at hand.
That’s where a mortgage broker comes in.
Acting ...
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Posted by Robert Hasek on November 26, 2020 in Mortgages
Mortgage Default Insurance: Your Questions Answered
Learn more about mortgage default insurance, what it covers and how much it costs while gaining insight into Canada’s top three mortgage default insurance providers.
What is Mortgage Default Insurance?
In Canada, mortgage default ...
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Posted by Robert Hasek on July 30, 2020 in Mortgages
Getting Pre-Approved For a Mortgage: Your Questions Answered
As a home buyer, you have a variety of different mortgage sources available. Here are our top mortgage pre-approval questions answered!
Where Can I Get Pre-Approved?
Typically sought through a bank or other financial institution, pre-approvals are ...
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Posted by Paul Paiva on March 12, 2020 in Mortgages
4 Ways to Pay Your Mortgage Off Faster
Paying your mortgage off faster comes with some significant financial perks, including lower interest rates, improved financial stability and increased cash flow. While it may seem like an impossible feat at first, its much easier than you think ...
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Posted by Paul Paiva on November 7, 2019 in Mortgages
How Much Do You Need For a Down Payment?
To find out how much cash you’ll really need, get the facts on all things down payment:
Minimum Down Payment
The minimum down payment required to buy a home in Edmonton (and Canada) is 5% of the purchase price. Of course, this ...
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Posted by Paul Paiva on October 31, 2019 in Mortgages
10 Common Questions About Mortgages
1. How Much of a Down Payment Do I Need?
The minimum down payment required to buy a home in Edmonton is 5% of the overall purchase price. To calculate exactly how much you’ll need, we recommend using a down payment calculator. Keep in mind, ...
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Posted by Paul Paiva on September 5, 2019 in Mortgages
What Does a Mortgage Broker Do? (Should I Work With One?)
The decision to buy a home in Edmonton inevitably means you’ll need to apply for a mortgage loan. But there are other ways to shop around for a mortgage than simply approaching your bank – and working with a mortgage broker is one of ...
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Posted by Paul Paiva on August 1, 2019 in Mortgages
Pre-Qualification vs. Pre-Approvals: What’s the Difference?
“Is a pre-qualification the same as a pre-approval?”. As Edmonton Real Estate Pros, this is something we get asked a lot. And because there are some big differences between the two, we thought we’d shed some light on the subject. ...
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Posted by Robert Hasek on July 22, 2019 in Mortgages