Mortgage brokers are an invaluable resource to borrowers. Mortgage brokers possess a wealth of information, in-depth product knowledge, and have access to the most competitive mortgage rates and products. This puts mortgage brokers in a position that lets them help their clients achieve their financial and homeownership goals. Some of the advantages of choosing a […]
We get asked a lot of questions, and we are happy to help you find the answers. To help you find the answers you need we will address our four most frequently asked questions in this post. Are Mortgage Brokers Free? For most residential transactions, the cost of getting a mortgage through a mortgage broker […]
Getting Approved for Your Mortgage: How to Keep It Fast and Simple Whether you’re a first time home buyer or a seasoned veteran, the application and approval process can be intimidating if you aren’t prepared. A little bit of preparation can go a long way by reducing stress and moving the mortgage approval process along […]
There are two most common types of mortgages: Fixed-rate mortgages and variable or adjustable rate mortgages. They both have their strengths. Before you begin house hunting you should sit down with your mortgage broker and determine which type of mortgage is best suited to your unique financial needs and goals. Fixed Rate Mortgage A fixed […]
Whenever you make a real estate purchase a down payment is required. If you are planning on purchasing your first home you may be wondering how much money you should set aside for your down payment, and where that money can come from. There is no “rule” that specifies how much the perfect down payment […]
Before you sell your home, you will have to decide what to do with your current mortgage. There are three possible options: porting your mortgage, assuming a new mortgage, or breaking your mortgage. It is important for you to understand what each of these options entails so you can better decide which option is best […]
When buying a home in Alberta you need to budget for more than just your down payment – you’ll also need to account for your closing costs. Closing costs can add up to anywhere between 0.5% and 2% of the final purchase price of the home and must be paid with cash between the time […]
When you’re looking to get a mortgage you’ll likely to end up at either a bank or a mortgage broker through a mortgage brokerage. While both are able to provide you with the mortgage you’re looking for how they go about it can be very different. What is a “Banker”? A banker is someone who […]
Buying your first home is an exciting time in your life, but the language surrounding purchasing a home can be confusing. You have likely heard many different terms used to describe the different types of homes that exist. Some of these phrases are used interchangeably, which can be particularly confusing because many people don’t use […]
The CMHC recently announced that as of March 17, 2017 they will be increasing their homeowner loan insurance premiums. For most prospective homeowners these changes to premiums will likely result in an additional $5 to $10 per month compared to their old premiums. This change is coming in to affect mostly due to OSFI’s change […]
Contact Mortgage Connection for more information
Telephone 587.436.6247Main Office: 110 1121 Centre Street NW, Calgary, AB
Secondary Address: 1417 9 Ave SE, Calgary, AB T2G 0T4
