(Yes – these are real mortgage questions we’ve heard, and yes – we love answering them.) At Canadian Mortgage Professionals, we’ve helped thousands of clients across Alberta navigate the mortgage process—and along the way, we’ve heard everything. From first-time home buyers to curious refinancers, some of the questions that come our way are thoughtful, some…
When it comes to mortgages, flashy rates can grab your attention—but they don’t always tell the full story. Sometimes, the details buried in the fine print can result in unexpected fees, conditions, or restrictions that may impact your financial plans. At Canadian Mortgage Professionals, we’re committed to clear, transparent mortgage guidance—so you can move forward…
Securing the best mortgage rate in Calgary requires more than just checking lender websites, it involves understanding market trends, maintaining strong financial health, and working with an experienced mortgage broker. At Canadian Mortgage Professionals, we specialize in helping homebuyers and homeowners navigate Calgary’s mortgage market, ensuring you secure the lowest possible rate with the right…
Buying a home is an exciting milestone, but for many first-time buyers, saving for a down payment can be a challenge. If you’re receiving financial help from an immediate family member, you’ll need to provide your lender with a gift letter — a document that confirms the money is a gift, not a loan, and does…
When it comes to securing a mortgage, one of the biggest decisions you’ll make is choosing between working with a mortgage broker or going directly to a bank. While both options can help you finance your dream home, there are distinct advantages to working with a Calgary-based mortgage broker, especially if you’re looking for personalized…
Purchasing a home is an exciting milestone, but it comes with more costs than just the down payment and mortgage. One of the most overlooked aspects of buying a home in Canada is the array of closing costs involved in finalizing the purchase. Understanding these expenses will help you avoid surprises and budget effectively for…
As we embrace the opportunities of the new year, our team at Canadian Mortgage Professionals is here to ensure your mortgage works as hard as you do. A yearly mortgage review can make all the difference in reaching your financial goals. Here’s why: Re-Evaluate Your Mortgage Rate Mortgage rates can fluctuate significantly, and market trends…
When searching for the right mortgage, it’s important to look beyond the numbers. While a lower rate might catch your eye, it often comes with hidden conditions that can lead to higher costs and reduced flexibility. Understanding these potential pitfalls will help you make an informed decision and avoid costly surprises. The True Cost of…
Expanding Housing Options with New Mortgage Rules The federal government has introduced a mortgage rule change designed to increase access to home equity funds, making it easier for homeowners to finance the addition of secondary suites. These refinances, previously unavailable since 2016, are back and aim to help Canadians cover the costs of building…
As of October 20, the Alberta government has introduced a new land titles registration levy that significantly increases fees for land transfers and mortgage registrations. This adjustment, announced in the provincial budget earlier this year, has come as a surprise to many Albertans, especially those planning to buy property or refinance their mortgages. What’s Changed?…
Prepare Your Home for the Canadian Winter If you know our mortgage broker, Bob, you know he’s a man who takes care of both his house and office with meticulous attention. After all, why not? You’re protecting the biggest purchase of your life! As we approach the colder months, it’s time to ensure your home…
Big News for Homeowners The Office of the Superintendent of Financial Institutions (OSFI) has announced a significant change in the mortgage landscape that will benefit many Canadian homeowners. Effective soon, borrowers with uninsured mortgages will no longer be required to complete a stress test when switching lenders at renewal time. What Does This Mean…
