Alberta Home Buyer Learning Zone | Rate City - Part 2

How Are Mortgage Brokers Paid?

Updated – October 22, 2017 For many people, mortgage brokers are the bridge between them and a brand new home. About 1 in 3 Canadians are now using mortgage brokers, and that number will likely continue to rise in the near future. Brokers can do a lot of things that banks can’t. They can seek out a […]

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Understanding Your Mortgage Payment

When you’re shopping for a mortgage, there’s a plethora of jargon and loan terms that may confuse you. The whole process of obtaining a mortgage can be more than stressful. You may feel like you need help understanding your mortgage payment and how mortgages actually work in general. We’re here to help you figure that out.Mortgage […]

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How to Become Debt Free

Being in debt is about as fun as being stranded in the desert with no water. No one wants to be there, and sometimes it can feel as if you’re helpless. One of the most prominent types of debt is mortgage debt. In fact, more and more Canadians are finding themselves wracked with a debt they […]

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Mortgage Broker vs Banker

Last updated October 8, 2017Who should help you finance your Edmonton home?Getting a home loan is one of the first steps in acquiring a place you can call your own. But, the process of securing that loan may leave you confused and frustrated. There are two primary options for obtaining loans: going straight to your […]

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Types of Mortgages

Mortgages come in a variety of different shapes and sizes, and it can be hard to figure out what types of mortgages are right for you. It can certainly get confusing trying to differentiate between an open or closed mortgage, a high-ratio or conventional mortgage, and a fixed-rate or variable-rate mortgage. ​A Mortgage broker can help you […]

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Mortgage Closing Costs

One of the greatest challenges you face when getting your first mortgage is understanding how much you will need to pay upfront. The following is a comprehensive list of the closing costs homebuyers can expect when buying a new home and financing it with a mortgage. Other than your down payment, be prepared for:1. DownpaymentAt the time […]

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