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Calgary, Alberta, Canada debt consolidation, equity loan

Debt consolidation loan and its many benefits

Your search for a company that offers debt consolidation loan will end with us at My Mortgage Broker. Every staff in our company has been hand picked and have undergone rigorous training to help you serve better. They will guide you on the different benefits that you can avail through this loan that will help you a great deal in handling your outstanding debt. People residing in any part of Alberta and Calgary can reap the benefits of our services.

Benefits galore

  • Single payment- when it comes to debt consolidation this process includes taking out a single loan and paying off all the other accounts. Most people these days have multiple credit accounts and credit cards with some balance on each one of it. With the help of debt consolidation loans you can consolidate just everything into a single source.
  • Reduce stress- Debt in fact is a common reason that is known for creating stress. By consolidating all your debt into a single account naturally you will be capable of reducing your stress significantly.
  • Stop collection calls- the best part is you will no longer require worrying about the collection calls. This loan will help you in paying off the outstanding balance and thereby eliminating the collection calls
  • A lesser interest rate- debt consolidation loans will work wonders to help you save a good amount on the interest. Typically, credit cards have interest rates, which are astronomical in comparison to other interest rates available in the market. This loan will help you in availing a cheaper rate of interest that in turn will save you a good amount of the monthly payment and also the entire life term of the loan
  • Improve credit score- last but not the least it will help to improve the credit score. When you continue making late payments it will automatically hurt your credit score. So if you consolidate all your debt into a single place you will be capable of rebuilding your credit again

For more information, please feel free to contact us through phone or mail.

 

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.

 

 

 

 

Mortgage lenders and mortgage advisor in Calgary, Alberta

Discover the different types of mortgage lenders

Are you in search of a reliable mortgage lender then look no further. We at My Mortgage Broker along with offering the best mortgage lenders will also guide you on the different types of lenders accessible along with their pros and cons to help you choose the best. When it comes to our service areas we serve the whole of Alberta and Calgary.

A brief on the different types of mortgage lenders

  • Portfolio lenders- a portfolio lender usually promotes his own portfolio loans that are adjustable rate loans. Often they will pay their loan officers more compensation to originate a portfolio product than to originate a fixed loan rate. Qualifying for portfolio loans is easy. When you apply for a loan with such lenders and get declined, you will require beginning the process with a new organization
  • Mortgage bankers- mortgage bankers possess several strengths. They are better in promoting first-time buyer programs provided by local governments and states which have lower costs and interest rates than the present market rate. If for some reason your home loan gets rejected, the mortgage bankers will permit their loan officers in brokering the loan to some other institution.
  • Savings and loans and banks- their biggest strength is you will be capable of recognizing their name. Further, they will operate like a portfolio lender, a mortgage banker or both and possess the same strengths and weaknesses
  • Mortgage brokers- they can actually shop a wholesale lender at the finest rate much simpler compared to what a borrower can. They can also guide you whether your loan must be submitted to mortgage bankers or portfolio lenders. Besides, if a loan is declined, they can repackage the loan as well as submit the same to a new wholesale lender
  • Wholesale lenders- a borrower will not get access to the wholesale divisions of portfolio lenders and mortgage bankers devoid of going via a broker

For more information, please feel free to contact us.

Calgary, Alberta best mortgage broker, mortgage specialist

How you can benefit from hiring the best mortgage broker?

Using a mortgage broker for assisting you in getting a home loan provides plentiful advantages some of which actually you may have not thought of earlier. If you are in search of the best mortgage broker, then give us a call at My Mortgage Broker. Our service areas include the ins and outs of Alberta and Calgary.

The benefits of hiring our mortgage brokers

  • Convenient appointments- our mortgage brokers are willing in making appointments both at the place and the time which is convenient for you which also includes weekends or after work hours. This will prove immensely beneficial if you have family or work commitments to consider or are time-poor
  • Perform the legwork- our brokers will conduct all the legwork to get the right home loan both for your support and needs all through the application and settlement procedure which includes sourcing pre-approval, paperwork and assisting you in applying for incentives or government grants which you are eligible for
  • Easy and quick loan comparisons- our mortgage brokers will take the time in exploring your goals and individual circumstances and has the access to different lenders and loans and thus can identify the ideal choices for your needs instantly
  • Expert advice- a home loan in the true sense is much more than merely interest rates. Our brokers will help in explaining you the different subtleties of various loans that can create a huge difference when it comes to the bottom line

If you are interested in our services, then get in touch with us right way. You can visit us in our office, send us a mail or even call us at our customer care number. For your convenience, we are available at your service round the clock and look forward to help you in the best way possible.

 

Reliable home mortgage help in Calgary, Alberta, Canada

Things to consider when you need a home mortgage

Buying a home is a major decision. It not only impacts your day to day life, it affects your finances. Your decision regarding a home mortgage is almost just as important as the decision about your house. And when it comes to important decisions some professional help and advice is always useful, like the kind of advice you will get from My Mortgage Broker (Verico).

There are many aspects to a home mortgage that you need to consider. The first one is the fact that it’s a long-term decision. Your mortgage is going to be around for a while, possibly for 20 years or so. When it comes to anything long-term, you want to get it right. When you make the wrong long-term decisions, it will cost you one way or the other. When it comes to your home loan, My Mortgage Broker (Verico) can help you avoid mistakes and pitfalls. For example, a mortgage broker can help you identify and avoid hidden costs.

There are different types of home mortgages and you need to decide which one is best for you. For example, you get fixed rate mortgages and you get variable rate mortgages. You can even get hybrids, where part of the loan is fixed and part is variable. Then you get first time home loans and you get second time or third time home loans. You also get conventional home loans and you get high ratio mortgages.

Apart from the different types of home loans you have to consider the mortgage rate, your down payment, your closing fees and your insurance. Let’s just say you have a lot of things to consider when it comes to mortgages and home loans. That why you should work with a professional mortgage broker who will help you consider these things and find the best home mortgage for your situation.

Debt consolidation loan in Calgary, Alberta, Canada

A debt consolidation loan can get you out of the debt trap

When do you know you need a debt consolidation loan? Well for one when you start learning a whole new vocabulary like “declined” and “do not honor”. When the once friendly loan officer at the bank is not so friendly anymore. From a common sense point of view when you are paying more interest than you should. However, there is a catch. You need to own property with built up equity to qualify for a debt consolidation loan. So if you are paying more interest than you should, then you should speak to a consultant at My Mortgage Broker (Verico). They specialize in mortgage loans and they can help you with a debt consolidation loan in Alberta or Calgary.

If you have high interest credit card debt in Calgary or a high interest personal loan in Alberta, then a debt consolidation loan can save you thousands of dollars in the years to com. Debt has a nasty habit of sneaking up on you like a thief in the night. Maybe you maxed out your credit card when you went on that dream vacation. Perhaps you are still paying off the high interest HP on that fancy boat you bought. Apart from sneaking up on you, high debt and high interest don’t just go away – they like to hang around for a long time, putting great pressure on you possibly even your relationship.

However, you can have the good things in life without the nasty debt burden. This comes down to debt consolidation and cash flow planning. When you get those two components in harmony you gain financial freedom – something most people just dream about. If you don’t implement certain strategies and controls, you are likely to join the millions who are caught in the debt trap – even if you earn a good salary. The financial wizards at My Mortgage Broker (Verico) can show you how a debt consolidation loan combined with cash slow planning can turn things around for you.

 

 

Home loans in Calgary, Alberta, Canada

All that you need to know about home loans, its types and benefits

Every individual desires in buying a home of his own. Having some amount in the savings account will not suffice to help you buy a home as it is a huge investment. So if you dream of owning a home, then the best means of financing your dream will be to opt for a home loan. We at My Mortgage Broker offer the best types of home loans with its interest rate either been fixed or adjustable. Resting on your inclination you can apply for any. A home loan based on the fixed rate will offer the same rate of interest for the whole loan term. These loans can finance great plans pertaining to vacation, car purchase, home improvement, debt consolidation, education and so on. This is a type of financing or loan which you can take to buy or renovate a home and this facility definitely will make it more affordable and easier in helping you buy or make your dream home. People residing in different parts of Alberta and Calgary can make the most of our loans.

The different types

A home loan is broadly categorized into different varieties namely,

  • Land purchase loan
  • Home purchase loan
  • Home construction loan
  • Home extension/expansion loan
  • Home improvement loan
  • Home conversion loan
  • NRI home loan
  • Balance transfer loan
  • Stamp duty loan
  • Bridged loan

There are ample choices to be evaluated when it comes to a home loan so the need of the hour is you should evaluate beforehand what you wish to do. No matter you want to purchase an apartment or home or construct it, a home loan will act as the simplest route to help you achieve your dreams. A home loan if used well will work wonders in making an excellent deal for a property’s sale. The good news is there is plenty of choices resting on the situation and what our clients are on the lookout for. To know more give us a call or drop us a mail. We look forward to help you in the best way possible.

 

 

 

 

 

 

 

Best mortgage broker in Calgary, Alberta, Canada

Why hire the best mortgage broker?

Are you in the search of a good mortgage broker then look no further. We at My Mortgage Broker can offer you with the best mortgage broker who can fulfill your needs without burning a hole in your pocket. Working with our competent and experienced mortgage brokers will work wonders in helping you in finding the right mortgage. The areas that we serve include the whole of Alberta and Calgary.

Benefits galore

When you join hands with our mortgage broker you can reap the following benefits namely,

  • Save you from the leg work- Our brokers have constant contact with different lenders of which some you may not know about. In fact the alternative to work with a broker indeed is calling up an end number of lenders and comparing their different mortgage rates and terms on your own. Our brokers will save you headache and time of doing this. Besides, he can really steer you away against specific lenders having onerous payment terms hidden in the mortgage contracts
  • Has more access- There are some lenders that exclusively work with our mortgage brokers and count on them as the gatekeeper for bringing them suitable clients which means they have more access. You cannot call specific lenders directly for getting a retail mortgage. Our brokers can also offer you special prices from lenders owing to the amount of business generated which may be lower compared to what you can get via your own
  • Save some fees- The truth is there are different forms of fees which can be included in taking a new mortgage and/or working with another new lender which includes appraisal fees, application fees and origination fees. Our mortgage brokers in some cases may be capable of getting lenders in waiving all or some of the fees that can save you quite a lot

If you want to reap the benefits of finding the right mortgage in a hassle-free way, then join hands with our brokers right away.