Many Canadians are wondering about ultra long amortizations after the topic gained attention in the United States. The idea of a 50-year mortgage sounds like it could make homeownership more affordable, but the long-term impact is far more significant than most people realize. At Canadian Mortgage Professionals, we guide homeowners and first-time buyers through real…
Can You Trust Mortgage Rate Comparison Sites? Here’s What Alberta Homebuyers Need to Know When you are buying a home or renewing your mortgage, it is tempting to visit a mortgage rate comparison site to “shop” for the lowest rate. These websites often display extremely low numbers and promise quick quotes. At Canadian Mortgage Professionals,…
The days of ultra-low interest rates are behind us, and renewing your mortgage in this environment can feel overwhelming. But don’t worry — there are options to help you navigate the process and secure the best rate. Rates Are Coming Down, But… While mortgage rates are finally easing — including variable rates linked to Bank…
As your mortgage renewal date approaches it is good to know what your options are and what the process looks like.
Learn the difference between a conventional mortgage versus a high ratio mortgage, and how mortgage default insurance comes into play.
The mortgage renewal rate you qualify for varies depending on the mortgage you have. We’ll explain insured, insurable, and uninsured mortgages and the differences and rates available to you at mortgage renewal time.