Mortgage Connection Calgary
1417 9 Ave SE Calgary Alberta T2G 0T4 587.316.2254
A wooden miniature model of houses and a red zigzag wooden arrow pointing upwards indicate higher rates.

What Is Trigger Rate and How Does It Affect Your Mortgage?

The Bank of Canada is raising interest rates left, right, and center. Many Canadians are feeling the impact of this increase on their day-to-day finances, especially those with variable-rate mortgages.  If you have a variable-rate mortgage, you may be approaching your trigger rate. But what exactly is a trigger rate, and how does it affect […]

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A calculator and model home sitting on top of a mortgage application form with "approved" stamped in red on top.

How Many Mortgages Can You Have at Once?

Managing Multiple Mortgages There are many reasons you might consider a second mortgage or multiple mortgages. Whether you have your eye on a vacation property or want to invest in real estate, knowing what’s possible is crucial when managing your finances.  But after a second mortgage, where’s the limit? How many mortgages can you have […]

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A young couple smiling while they hold the keys to their new house

Can I Get a 30-Year Mortgage in Canada?

Purchasing property can feel overwhelming, especially if you’re doing it alone.  Not only will you take on a large chunk of debt (in the form of a great investment), but you’ll become responsible for managing all the expenses and upkeep associated with the property. With so many options available, how do you know what’s right […]

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A key in a lock with a small house attached as the keychain

Can a Business Get a Residential Mortgage?

Mortgaging a property can be a compelling long-term business strategy. If you’re looking for a space to operate your business, you may consider a mortgage to reduce your upfront costs. Businesses mortgage commercial properties such as offices or retail spaces to conduct business. But can a company take out a mortgage on a residential property […]

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A notepad with the words "variable rate mortgage" written on the page beside a drawing of a hand holding a small house

Can You Lock in a Variable Rate Mortgage?

Locking in a Variable Rate Mortgage Variable-rate mortgages can be appealing when interest rates are low because they can allow you to pay off your mortgage faster. You may choose a variable rate when renewing your mortgage or as a first-time buyer finding the right mortgage for you. Variable rates offer more flexibility but also […]

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Two small model homes beside on larger model with a percentage sign on the front symbolizing the percentage of a downpayment

What Is a High Ratio Mortgage?

If you’re looking to settle into a home, the buying process can seem complicated and difficult to understand. You need to consider your down payment, payment frequency, high or low ratio mortgage, and other factors. While your mortgage broker can help you, you must understand how mortgages work.  What is a high ratio mortgage? Continue […]

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A before and after illustration of a home renovation

Can You Add Renovation Costs to a Mortgage?

Whether you’re a new home buyer, ready to downsize or upgrade, or a seasoned homeowner, renovation projects have surely crossed your mind. Adding minor or major improvements can enhance the flow of your home’s layout and create updated and refreshed spaces like a spa bathroom or fitness area.  Whatever your home improvement dreams are, they […]

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