Best mortgage broker, rates in Calgary, Alberta, Canada

Archives for December 2016

Best mortgage broker, rates in Calgary, Alberta, Canada

Why is it wise to consult the best mortgage broker?

If you are looking around to purchase a new home naturally a time will come when you will require in applying for a mortgage. Today there is no dearth in the availability of mortgage brokers so you must select wisely and hire the best mortgage broker to attain successful results. It is here where we at My Mortgage Broker can help. We have some of the most talented and experienced brokers who will act as a liaison or middlemen between you and the lender. They are well aware of the industry and will directly work with the borrower and the lender for getting the borrower approved and at a favorable mortgage rate. No matter you plan to buy a home or refinance your existing home, we can have you covered. The areas that we serve include the whole of Alberta and Calgary.

The benefits of hiring our mortgage brokers

  • Save stress and time- lending agencies and banks will offer you reading material and literature on the given loan in surplus. Most of this is available in abstruse language which is time consuming and difficult to decipher. Relax, our mortgage brokers will help in decoding this information and also provide advice after the information is deciphered
  • Provide options- it is our mortgage broker’s task in overcoming obstacles and finding the most appropriate loan for you. We have access to a massive electronic network, especially with regards to lending agencies in order to find the best loan for your financial and personal circumstances. After you will be presented with a lot of choices which are exclusively tailored for you, automatically it will become easier in feeling comfortable to make a decision
  • Will not charge any fee- our brokers usually do not charge any fees because they will be paid through the lending institutions which provide the mortgages.

A mortgage broker undoubtedly is an asset while acquiring or negotiating a big loan. In fact, they can create the difference to find the loan which perfectly fits your financial and personal needs. Hurry, book an appointment with us right away.



Get a Heloc using mortgage specialist in Calgary, Alberta

A HELOC can be a great way to finance home improvements

There are different types of home loans and HELOC (home equity line of credit) is one type. It is line of credit over and above your primary mortgage. If you need a HELOC in Calgary, Alberta, then My Mortgage Broker (Verico) can help.

A HELOC can be an inexpensive form of finance provided you have enough equity in your home and you have a stable income. If you don’t have a stable income, then an equity line of credit is not a good idea.

A HELOC is a line of credit that allows you to draw funds as and when you need them. You only pay interest once you use the funds. You can also structure a HELOC so that capital payments are deferred. This means you initially only need to pay the interest portion and principal repayments are deferred for a certain amount of time.

A HELOC can be a sensible way to finance home improvement o renovations. For example, you can periodically draw funds when you need to pay contractors. You only pay interest on the funds you actually use – in this way the loan is like an overdraft. Your interest payment might also be tax deductible.

With a HELOC you have the flexibility of drawing funds as when you need to. You can draw funds up to the approved limit. You must keep in mind that interest rates are variable. That means if the rates go up, you will end up paying more and vice versa.

A HELOC credit line will be available for an agreed term after which you will need to repay the capital portion. The finance experts at My Mortgage Broker (Verico) will explain the pros and cons of various home loans such as first mortgage, home equity loan, HELOC, cash out refinance and reverse mortgage.






Equity loan and home equity loan in Calgary, Alberta

You can use a low-interest equity loan to finance important things

The value of your home minus what you owe on it is the equity or net value of your home. If you have enough net value in your property, then you could qualify for an equity loan. My Mortgage Broker (Verico) specializes in home loans, such as mortgages, equity loans and reverse mortgages. They can help you with an equity loan in Alberta or Calgary.

Why would you want or need an equity loan? An equity loan can be used to pay other high-interest debt. So if you have debt that is costing you a lot in interest, you can use a low-interest equity to pay off high-interest debt. This called debt consolidation. There are several other sensible uses for a home equity loan.

You can use a home equity loan from home improvements. Maybe you want to remodel your kitchen, renovate your bathroom, remodel your basement, add a sunroom, replace your windows, add a deck. Whatever home improvement project you have in mind, an equity loan is a sensible way to pay for it. Equity loans tend to attract low-interest rates and therefore a cost-effective way to add value to your property and improve your lifestyle.

You can use an equity loan to pay for life-changing events, such as your child’s college education, a wedding or an unexpected event. Using other forms of finance such as credit cards or personal loans could work out a lot more expensive.

One of the benefits of a home equity loan is low interest. Apart from low-interest rates, there is also the possibility that you could deduct the interest from your taxes. Your accountant or tax consultant or mortgage brokers will be able to advise about the tax advantage of an equity loan.





Show Buttons
Hide Buttons