Use Money From Your Home With a Home Equity Loan Alberta

A home is not just a place of refuge and physical security – it is also a sound investment in the real estate market. Homeowners who have been diligently paying their mortgage on a regular basis gradually increase the equity in their homes, depending on the state of the real estate market at any given time. By increasing the equity in the home, a homeowner can potentially borrow the money that they have built into their home to pay for large expenses like education for their children or a large renovation project. A home equity loan Lethbridge can help those with home equity pay for these large expenses that they may not have been able to pay for without this type of program.

Get Your Home Equity To Work For You

There are many reasons why homeowners may choose to apply for a home equity loan. One of the major advantages is to pay for large expenses, but it is not just limited to that. Perhaps you have a variety of outstanding debt that you are paying off at high interest rates. Solidifying a home equity loan can allow you to borrow money from your home’s equity at a much lower rate in order to help pay down these other debts that are most likely being paid at a much higher interest rate. By lowering your overall interest rate, you can potentially pay your debts off much faster as more of your payments can now go towards the principal of the balance. Usually your monthly payment is much lower than the sum of your current payments, also helping with cash flow.

Get a Mortgage Broker On your Side

If you have decided to look further into a home equity loan in Lethbridge, Red Deer, Medicine Hat, Calgary or other areas of Alberta, consider working with an experienced independent mortgage broker like Jim Black, AMP and his team. Jim has been helping many Alberta residents apply for and get approved for home equity loans for years, and as a result of his professionalism and knowledge, he has won many awards. Call Jim and his team today and let them help you use the equity you have built into your home for large expenses you need to pay for.

Get Pre-approved For a Guelph Waterloo Mortgage Before House Shopping in Guelph-Waterloo

Guelph Waterloo is a great place to live. It is conveniently located close to the 401 for easy transportation in and out of the city. It also has a handy public transit system, and is home to the popular Guelph University. This is a great city to live in, and to invest in with real estate.

Before you go shopping for a home, it is important to get a Guelph Waterloo pre-approved mortgage in order for you to know exactly how much you can afford. You also want to be sure that getting approval for a mortgage is possible before you look around for homes in the area. Using a mortgage broker can help you get that perfect Guelph Waterloo mortgage that offers you the best rate and terms possible.

Why Use a Mortgage Broker?

There are a variety of reasons to let an independent mortgage broker get you the mortgage you need, instead of looking to your bank for a traditional mortgage. First of all, if you want the best product, the smart thing to do as a consumer is to shop around and compare prices and rates among various locations. Even if you want to deal with a large financial institution like a bank, different banks may offer different rates. Shopping around is awfully time-consuming. A mortgage broker can do the shopping for you, all at no cost! This way, you only have to fill out one application and have one credit record pulled – which won’t harm your credit rating.

An independent mortgage broker will give you serious, honest advice when it comes to shopping for a home, what you can afford, and the type of rate and conditions that you will be able to get approved for. You will be treated like a valuable client who deserves the best Guelph Waterloo mortgage set-up possible. The mortgage professional works for you – not the bank – so the advice is unbiased. They work with lenders all across Canada and have access to lending products not available to the general public.

If you are at all concerned about your financial position with your home, or any other debt, a mortgage broker can help you find a way to help you pay off your mortgage on a regular and timely basis, and still be able to live comfortably having money for other things in life.

A professional mortgage broker knows all the ins and outs of a Guelph Waterloo mortgage, and all of the mortgage products available. He or she will be able to locate a lender who will provide you with the amount you need, at the lowest possible rate, after taking into account all the small print.

Call the experts at Mortgage Medics at (905)-847-6611 to arrange a free, personal consultation and find your home in the Guelph or Waterloo region.