Mortgage Refinance Calgary, Alberta
Mortgage Refinancing is often used by people to lower mortgage payments, pay for renovations, fund kids schooling, to invest in real estate or other investments. Sometimes we need to look at creative solutions to tap into your home equity to reduce payout penalty costs until we can refinance at your renewal date.
No two persons situation is exactly the same so that is why we will use the resources of many lenders to create the best tailored solution for you.
A mortgage pre-approval is so important to ensure that you are buying within your purchasing ability. There is nothing worse than having your heart set on a home that ultimately you cannot qualify for the mortgage to buy. A critical part of the pre-approval is ensuring you have all of your documents ready, down payment in place, taxes filed, taxes paid, and income verification documents. Finally when it comes to the actual mortgage ensure you consider the terms of the mortgage and not just the rate. Different lenders have different terms and saving a little on rate could cost you way more in the long run due to a term in the mortgage you did not understand, realize or expect to get in the way of your future.