Not all mortgage pre-approvals are the same Before you start shopping for a home this spring, you’ll want to get yourself pre-approved for a mortgage. Everyone will tell you that. But, not all mortgage pre-approvals are the same. When speaking with your mortgage broker, and getting yourself pre-approved for a mortgage it is incredibly important…
As discussed earlier in April, mortgage loan insurance premiums were increased last week, resulting in an approximate increase of 15% to insurance premiums for those purchasing a home with less than 10% down payment. While the impending increase did cause a bit of a increase in activity for the months of April and May, as…
The cost of a mortgage is about more than rate, here are 4 things to look out for As consumers, we are all looking to minimize the cost of our mortgage. Less money paid to the mortgage company means more money in our pockets to spend on any of the many costs of life. In…
When applying for a mortgage, many potential and existing homeowners have found themselves having a difficult time deciding between going for a variable or fixed rate mortgage product. In today’s market, that decision has become even more difficult. As an Edmonton, Alberta based mortgage brokerage, let’s walk you through a brief history of the two…
