There are so many beautiful communities and areas in Alberta that would provide a wonderful home to families of all sorts. From Lethbridge to Calgary to Medicine Hat, there is a wide variety of wonderful cities to choose from that can offer you and your family a pleasant lifestyle. If you are shopping for your first home, or are moving from one home to a larger model, a knowledgeable mortgage broker can help you obtain and get approved for a new home loan in Alberta.
Where Should You Look to Get a Mortgage That is Right For You?
Nowadays, traditional lenders such as banks and credit unions will require a high credit score to obtain a low interest mortgage. Many Canadians may find them themselves in a position where they do not meet this credit score criteria. In addition, these lenders can only offer you their limited choice of loan products. Even if you are approved for a mortgage at a bank, you will most likely only be given a limited option of the mortgage rate and the mortgage conditions since you are only dealing with the one institution.
Trust a Reputable Independent Mortgage Broker
Instead of turning to your bank or credit union for a mortgage, why not work with an independent mortgage broker instead? There are numerous today advantages to doing so. Best of all, mortgage brokers do not charge you for their services! Rather, they are paid by the lender that you choose. So mortgage brokers work for you – not the banks!
Your mortgage broker shop your mortgage over all of the loan companies and lenders that they have an ongoing relationship with, and those that will most likely be able to hand you the lowest interest rate possible with the best terms and conditions for your situation. If you happen to be one of those Canadians that doesn’t have the highest credit score, mortgage brokers will contact those lenders that have worked with people with poor credit scores in the past. In addition, you only have to fill out one application and your mortgage broker will approach different lenders on your behalf. The added advantage is – you only need 1 credit report pulled, thus helping to preserve your mortgage credit score.
Considering the current low interest rates, now is a fantastic time to apply for a new home loans Alberta, before interest rates rise. With the strength of the Alberta real estate market, it is a good time to invest in a property that will provide you with a sound investment in the long run. Contact award winning mortgage broker Jim Black, AMP, at (877) 394-9422 and see what he and his team can do for you when you begin looking for the perfect home in a wonderful Lethbridge or other area of Alberta. Learn more on his website: http://www.mortgageloansalberta.ca.
