04
APR
2014

Calgary Mortgage Broker: Pull Your Credit Score

Pull Your Credit Score. When applying for a loan your credit score is one of the factors lenders use when determining your potential interest rate. Lenders look at how you have managed your credit in the past to predict your future actions. A credit record that shows good...
21
MAR
2014

Calgary Mortgage Brokers: Save Your Down Payment

Save Your Down Payment. Mortgages are defined as either conventional or non-conventional. A conventional mortgage means that you are able to provide 20 per cent or more of your loan at pre-approval. They are called “conventional”, even though not very many people can actually...
14
MAR
2014

Great New Communities in Okotoks and Calgary: Mortgage Broker Candice Light

Buying a brand-new home has many benefits, such as the ability to customize it to meet your family’s needs, and you have the added benefit of knowing all the appliances and major systems are still under warranty and will be sound for years to come. Less maintenance means more...
07
MAR
2014

Home Equity and Retirement: Your Calgary Mortgage Broker Candice Light

Retirement is all about security, and the best way to guarantee a comfortable future is with careful planning. Unfortunately, more and more Canadians are asking themselves not when, but if they are going to be able to afford their retirement, and for many, the answer is...
28
FEB
2014

Calgary Mortgages: What’s Your Style

The old days of one-mortgage-fits-all are long gone, and that’s a good thing. Homebuyers have more options than ever before to find a home loan that fits their individual needs. Unfortunately, many people are content to sit back and let someone else make these crucial financial...
21
FEB
2014

Mortgage Vacations Not Advisable: Calgary Broker Candice Light

In our fast-paced, always-connected world, what could be more appealing than the chance to take an all-expenses-paid vacation? For most of us, when we hear of a deal like that, our first thought is, what’s the catch? Unfortunately, the same is true of so-called “mortgage...
07
FEB
2014

Calgary Mortgage Broker Candice Light: Amortization Facts and Figures

Smart homebuyers know that a mortgage is far too important to leave up to chance. By taking the time to learn how mortgages work, you could save thousands of dollars over the length of your loan. Does just the mention of the word “amortization” make your eyes glaze over and your...
24
JAN
2014

Calgary Mortgage Broker Tips For Pre-Approval: Documentation

When applying for pre-approval, be prepared to provide the following information to your broker or lender prior to beginning the process. Also be diligent about clearly discussing your long-term life goals and strategies with your broker or lender…what you want to do down...
14
JAN
2014

Figure Out Your Gross and Total Debt Service Numbers

2. Figure Out Your Gross and Total Debt Service Numbers. As mentioned, the general rule of thumb for lenders is that their clients’ current monthly payments (including credit cards, lines of credit, car loans, property tax, utilities, etc.) should not amount to more than 42 per...
10
JAN
2014

Start a New Year and a New Life With Debt Consolidation: Calgary Mortgage Brokers

Do you have the financial freedom to retire 5 to 10 years early? If you are like most Canadians, the possibility of retiring early seems like an impossible dream. Many feel trapped in a financial prison, trying to keep their heads above water with credit card or loan payments. In...