Best Edmonton Mortgages

What is Mortgage Insurance and Why do we have to have it?

It used to be that if you wanted to get a mortgage in Canada you would only be approved if you could come up with 20% down. For a lot of people that was a challenge and made it very difficult for the average individual to get a mortgage. So the Canadian Government stepped in within a solution. That solution was mortgage insurance. Cana ...

More and more I find that people are becoming more educated on how they can use their mortgage to their benefit. That means a lot of clients are seeing mortgage brokers about refinancing their mortgages. With refinancing however often times a client is charged a payout penalty to get out of their mortgage. Today's blog will discuss what payout penalties are and how anyone can calculate them.
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One of the most common questions mortgage brokers are asked is "What paperwork do I need to get started?" For most individuals the list is quite small and it is probably a lot easier to gather than most people think. Below is a list of documents people can gather to start the prequalifying process.

Documents required for a Salaried Employee with no bonuses:

Letter of Employment

The Letter ...

By now many people have heard of the new mortgage guidelines that will be in place after April 19th. The 3 main changes are as follows:


1) Require that all borrowers meet the Standards for a five year fixed rate mortgage even if they choose a mortgage with a lower interest rate and a shorter term. This initiative will help Canadians prepare for higher interest rates in the future.

2) Lower ...

Hi Everyone,

Firstly, I want to thank everyone who takes time out of their day to visit the site, it truly is appreciated. A lot of work goes into the information on the site and I hope you find it valuable. To add a little more information and interaction to the site we will be adding this blog to update you on any new mortgage information or anything that can help your home purchasing need ...