Just want to run some numbers? Use our calculators to research buying, refinancing and more before even beginning your search.

Shop for a home with confidence. A mortgage pre approval is respected by realtors and can give you an upper hand when buying a home.

We have some of the most experienced mortgage professionals in the industry. We’re here to help you every step of the way through the mortgage process.

We are an independent mortgage lender in Calgary, Alberta. We believe – and recent history has shown – that in the banking and mortgage industry, bigger is not always better. We are a group of mortgage professionals that have combined our experience and commitment to excellence to form a company that strives to provide only the best solutions and service to each and every client.

Our success is based on two things: our exceptional staff of mortgage professionals and our innovative thinking. From the support of our mortgage advisors and highly-experienced staff to our access to a wide variety of mortgage programs, our approach to customer service and support is unmatched in the industry. For more information, you can visit https://calgarymortgagedepot.ca/

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We believe that when shopping for a mortgage you deserve – and we will provide – three things:

  1. Great Service
  2. Great Rates
  3. Great Advice

Being a homeowner brings a great sense of pride. Yet, most people that hope to own a home need a mortgage to do it. The loan process takes time and can be confusing. Keep on reading to learn how to get the right home mortgage.

Have all your ducks in a row before walking into a lender’s office. The appointment won’t last long if you aren’t prepared with prior year tax returns, payment stubs, and other financial documentation. Lenders require all the information, so bring it with you to your appointment.

Do not go on a spending spree to celebrate the closing. Lenders generally check your credit a couple of days prior to the loan closing. If there are significant changes to your credit, lenders may deny your loan. Wait until you have closed on your mortgage before running out for furniture and other large expenses.

You should be aware of the taxes on the home you want to buy. Prior to agreeing to a mortgage, you must understand your likely property tax bill. Visit the tax assessor’s office to find out how much the taxes are.

Find a loan with a low interest rate. Banks want to lock in a high rate whenever possible. Don’t be the person that is a victim to this type of thing. Make sure you do some comparison shopping so you know your options.

If you have taken out a 30 year mortgage loan,think about making extra payment along with your regular payment. The more money you can put towards the principal the better. Save thousands of dollars of interest and get to the end of your loan faster by making that additional payment on a regular basis.

Do not let a denial keep you from trying again. One lender’s denial does not doom your prospects. Shop around and investigate your options. Even if you need someone to help co-sign for you, you probably have options.

Always shop around to get the best terms possible before finalizing any mortgage contract. Know what these lenders are all about, and check with family and friends to get a good picture on what they will charge you. After you have all the information, you can make a smart choice.

If you struggle to pay off your mortgage, get help. Counseling might help if you cannot stay on top of your monthly payments or are having difficultly affording the minimum amount. There are various agencies that offer counseling under HUD all over the country. With the assistance of counselors that are HUD-approved, you can obtain free foreclosure-prevention counseling. To find one near you, you can call HUD or check out their website.

Balloon mortgages are often easier to obtain. These are short-term loans, and when it expires the owed balance will need to be refinanced. It could be a risky decision, because the rates may go up or your financial situation could deteriorate.

Shady mortgage lenders should be avoided. While most are legitimate, some will try to take homeowners for a ride, stealing their money and acting unethically. Don’t use a lender that seems to promise more than can be delivered. Don’t sign things if you think the rates are just too high. Lenders that advertise that they will lend to anyone no matter their credit history should be avoided. Also, stay away from lenders who say lying on an application is fine.

Going in, know what all fees and costs will be. You will be required to pay closing costs, commission fees and other charges. It’s possible that you may be able to negotiate these fees with either the lender or the seller.

If your credit is bad, save a lot towards a down payment. It is common for people to save between three and five percent, but you should aim for around twenty if you want to increase your chances of being approved.

Talk to your mortgage broker and ask questions about anything you don’t understand. It is really essential that you always understand what goes on. Your broker needs to have all of your contact information. Check your email to ensure that you don’t miss any important notes from your broker.

In order to qualify for a mortgage with favorable terms, your credit score must be high. Therefore, it is important that you know your credit rating. Fix credit report errors and work hard to improve you FICA score. Pay off small debts faster by consolidating them into one account with a low interest rate.

There is more to consider when it comes to a mortgage than just the interest rate. Different lenders tack on different fees that must be addressed. Think about the points, kind of loan and closing costs that they are offering you. Speak with many lending services before making a final decision.

Do not hesitate to wait for a more advantageous loan offer. During certain months of the year, a lot of terrific options will become available. You may locate an option that works well since a new company is having a deal or the government has passed something new. Keep in mind that waiting might be a very wise choice.

Be honest at all times. In terms of securing a home loan, honesty is essential. Don’t misstate income or assets. You could be held down by more debt than you’re able to afford. It could seem fine now, but it could cause issues later.

Do not select a mortgage broker before contacting the BBB. Bad brokers will try to sucker you into bad mortgages. Avoid brokers asking for excessive points and high fees.

If you want a better rate, ask for it. If you do not muster up a bit of courage, you could end up paying on your mortgage for many more years. It is always worth asking even if they lender doesn’t agree to reducing the rate.

If you desire to own a home, you will need to have a home mortgage. You need to be informed about these types of loans before you take one out so that you don’t cause any problems for yourself. Use this information to get the loan you want.