Obtaining a First Time Buyers Mortgage Alberta

Posted by on March 22, 2012

Buying your first home is an exciting time in your life! Buying a home is the most expensive and important investment for most people. Obtaining a first time buyers mortgage Alberta is one of the necessary steps prior to shopping for and securing a home in Lethbridge, Calgary, Red Deer, Medicine Hat or other areas.

Where To Shop For A First Time Buyers Mortgage in Alberta

Many first time home buyers do not fully understand the full scope of the home buying process, including legal necessities and securing a mortgage. There is a lot that goes into the home buying process, but having the right people working for you can make the process simple and smooth.

A first time buyer mortgage is a vital piece of the equation when securing your first home. You want to make sure that you get the lowest rate possible, which will reduce your interest payment each month, but there are also terms and conditions that must be factored in. Many first time home buyers will go straight to their bank for a mortgage, not realizing that they will be offered only one rate, often a non-discounted one. Instead, independent mortgage brokers are able to shop around to various lenders and provide their clients with the lowest rate available to them, while making sense of all the extras and fine print attached to the mortgage product.

The right mortgage broker will be able to pre-qualify a first time home buyer, and offer many terms and conditions that meet their unique criteria. Whether you are in Calgary, Edmonton, Lethbridge, Red Deer or Medicine Hat, a mortgage broker can get you a fantastic first time mortgage and you will know that you are pre-approved to shop in comfort.  Knowing how much you can afford to spend on a home and what to expect in terms of monthly costs is very important when you are buying your first home, and is the reason why your first call should be to an award winning mortgage broker.

Using an independent mortgage broker can ultimately save you thousands of dollars in the term of the mortgage by getting you the lowest rate. These professionals are experts in the home buying process, and have a large variety of lenders that they deal with on a regular basis that are willing to provide a mortgage at the lowest interest rate possible.  They are also connected to real estate professionals, lawyers, movers, home inspectors, etc. and can help make the road to home ownership smooth and informative.

First Time Home Buyers Incentives

There are quite a few first time home buyer incentives that lenders across Alberta and Canada offer to first time home buyers. A mortgage broker is well versed in these incentives, and will introduce them to you and make every effort to allow you to take advantage of them. And the best part is, mortgage brokers offer their services at no charge to you! Contact a mortgage broker in Alberta today!

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