Use a Mortgage Broker To Get The Lowest Rates For a Mortgage Renewal Alberta

Home owners who have a mortgage on their home will most likely renew their mortgage at least four or five times during the life of their mortgage. Since many of the people have their original mortgage with their bank, their first option may be to just continue on with their bank, and renew their mortgage with them. They may do this perhaps because it is the easiest option for them. However, what some home owners do not realize is that these banks are not necessarily offering their clients the best rate out there. They may just offer them a posted or non-discounted rate upon their mortgage renewal, perhaps hoping that their clients do not realize that there may actually be better rates available to them elsewhere.

That’s where independent mortgage brokers come in. Mortgage brokers are able to get home owners the best and lowest mortgage rates possible. These professionals get to know their clients, and understand their individual needs, and therefore shop around keeping these factors in mind. Obtaining a first mortgage with a mortgage broker is your best bet. But even if you have been paying your mortgage through a bank since you first bought your home, when it comes time for your mortgage renewal in Alberta or elsewhere, you can always transfer your mortgage over to a lender who will provide you with a lower interest rate.

How Does a Mortgage Broker Provide Lower Rates For a Mortgage Renewal Alberta?

Independent mortgage brokers have a relationship with many different lenders, banks and trust companies that they know and trust and work with on a regular basis. Because of such a large selection of lenders available to these mortgage brokers, this allows them to get you the lowest mortgage rate, thereby providing you with a lower monthly mortgage payment and often better terms. A lower monthly payment means you can have more extra money for other things, or you can take that opportunity to pay the house off faster and put more equity into the home quicker. Your certified mortgage professional can do all the calculations and explain your options so you can reach your financial goals quicker.

Does It Cost Anything To Use A Mortgage Broker?

The simple answer is, no! The services of a mortgage broker are completely free of charge! Independent mortgage brokers who deal with new mortgages and mortgage renewals are paid through the lender that you choose, at no added cost to you.

Mortgage brokers are a fantastic asset in that they are able to not only save you money, but they also save you time since all the shopping around for the lowest rate is being done by them. You do not have to spend countless hours investigating all institutions trying to find the best rate for your mortgage renewal Alberta. There is also less paper work since you only have to fill out one application and have one credit record pulled.

Does It Cost Money To Transfer My Mortgage To Another Lender?

Some lenders may insist that you pay to move your mortgage upon mortgage renewal, but usually if your current mortgage is up, there is no charge. It is wise to start shopping around 6 months before the term ending date. Your new lender may pay for any expense related to having your mortgage moved from the bank to their lending institution. Any costs, such as legal fees, title insurance, or transfer fees, may even be covered by many of these lenders. That’s why it’s great to have a mortgage broker working for you, because they will find a lender that will cover these costs for you upon your mortgage renewal in Alberta.

In most cases, it is highly unlikely that you will be able to get as low a rate from your traditional bank as you would from a lender that deals with independent mortgage brokers, and some bank rates are not available to the general public. Since mortgage brokers deal with high volumes of new mortgages and mortgage renewals, these brokers are able to get better deals for you as well as great terms and conditions.

Buying a Newly Constructed Home? Get Mortgage Guidance From the Experts

Are you in the market to purchase a new home? Your best bet is to start off by narrowing down your price range in order for you to be sure that you can qualify for the new home mortgage Oakville or other area in Greater Toronto, that you need to finance your new property. Buying a new house is slightly different than purchasing a resale. Not only is the purchase process different, but so is the mortgage lending process.

Get the Guidance You Need

With all the mortgage products and packages available on the market these days, home buyers need the assistance and guidance of a seasoned professional to help them find the most affordable rate and the most convenient package and conditions for their particular situation.

Getting a mortgage for a house that you are either having custom built or are buying directly from the builder varies from other types of mortgages. Although new homes seem very attractive to many buyers because of their updated conveniences and modern design, many buyers fail to understand many of the hidden closing costs that can cost them a lot more when everything is said and done. After taking possession of the home, there are other things that will have to be financially covered, including lighting, fencing, window treatments, landscaping, and so forth.

Call the Experts in New Home Mortgages

For this reason, it’s in your best interests to get in touch with a mortgage broker who understands the mortgage process for new home builds. Mortgage brokers work for you – not the banks, to offer you expert, unbiased advice – at no cost to you! Lee Anne Taylor of Home Loans Ontario is a mortgage agent who has helped many home buyers purchase their new home. With Home Loans Ontario, they gather all information pertinent to your financial situation, get you pre-qualified so you know how much you can afford, secure a low interest mortgage rate to hold through the building phases and walk you through the entire mortgage process. Lee Anne makes sure you understand all the important facts, including closing and carrying costs, and can let you know your options for all your home loan needs – including a secured line of credit for all the finishing touches.

When you’re in the market to purchase a new home and need a new home mortgage Oakville, call Lee Anne at Home Loans Ontario at 905-336-8948 or visit her website: www.homeloansontario.ca

The Mortgage You Need For a Newly Constructed Home

There are plenty of advantages to building a new home for you and your family. New houses come equipped with the latest innovations and conveniences, they’ve got updated designed and features, they are much more energy efficient than older homes, and require much less maintenance for the first few years since everything is brand new. There are plenty of great neighborhoods throughout Alberta to build a new home in, like Calgary, Red Deer, Lethbridge and Medicine Hat. But before you put a shovel in the ground, one of the first things you need to think about is the financing you’ll require to have your home built and paid for. This is where a seasoned mortgage specialist comes into the picture.

Jim Black, AMP, is an independent mortgage specialist with years of experience helping Albertans secure mortgages for various types of properties, including a new build home mortgage. With the right team of professionals behind you, can make the process of obtaining a mortgage and making payments on your hew home much less stressful.  For instance, you can get pre-approved for a mortgage so you know how much you can afford to spend on the home.  Your interest rate can be locked in for the construction phase and you will have peace of mind for closing – knowing the financing is in place.

Finding the funds to pay for a new build is somewhat different than obtaining a conventional mortgage for a resale. With a newly constructed home, there are up to three potential loans associated with the property – one for the land, the construction phase, and the financing required for finishing touches (landscape, furniture, basement finishing) once the home has been fully built. Although this may seem complicated, it really isn’t, as your mortgage broker will deal with lenders who essentially combine all three loans into one mortgage.

Why Should You Choose Jim Black?

Jim runs Home Loans Alberta, which is a mortgage firm that is part of Dominion Lending Centres with lenders all across Canada.  Jim and his team have been assisting families in various communities across Alberta get the mortgage they need to buy a home. He is an accredited mortgage professional, and comes backed with plenty of experience in all sorts of branches of the mortgage field, including a new home mortgage. You’ll get personalized service form Jim and his team, helping you and explaining everything to you every step of the way.

When you’re considering building a newly constructed home, call Jim and his team today at (877) 394-9422 and see how they can help turn your dreams into reality.

Why an Electric Fireplace Is Your Best Choice!

Among the many appealing attributes of a home is the presence of a fireplace. Whether it’s in the living room, master bedroom, basement, or any other room the house, the addition of a fireplace always provides a focal point, heat, light ambiance.

While traditional fireplaces were the wood-burning type that required a chimney, today there are more options. Aside from gas fireplaces, there are also electric versions that you can choose. So why should you opt for the electric version?

No Special Wiring Needed

There’s no other version of fireplaces that’s as easy as electric. Just plug it in, and you’re good to go! There are no special permits, wiring or installation needed for this type of fireplace.

No Chimney or Venting Needed!

Unlike wood-burning or gas fireplaces, there are no special vents or chimneys needed for electric fireplaces. Just plug it into a standard wall outlet and your unit is ready for operation.

It’s Safe

The hazards of a wood-burning fireplace are obvious. The burning heat and fire poses a hazard, especially with little kids or pets around. Gas fireplaces can also be a danger for little ones who plant their hands on the glass pane. Electric fireplaces, on the other hand, are not hot to the touch.

They’re Easy to Operate

Since most units come with a remote control, all it takes is the press of a button to get the unit going. Within a couple of seconds, you can create the perfect ambiance within your home, and fill the room with the right amount of heat you’re looking for!

They’re Portable

No matter where you place your fireplace, you can always move it if you change your mind or move. You don’t have to worry about the permanence that typically comes with installing a gas or wood burning fireplace.

They are Flexible

You can put an electric fireplace in rooms where you could not put a traditional fireplace.  Condos and apartments are perfect examples, but people add them to bars, man caves, restaurants, cottages, basements – even boats!

Many Style Options

There are a variety of models available – including wall mounts, traditional mantel and entertainment center – so you can get one that suits your needs and décor.

They’re Affordable!

There are many models of electric fireplaces,which means there is sure to be one that matches your budget! And if you buy electric fireplaces online Canada from Simply Electric Fireplaces, you experience even greater savings!

For the widest selection of high quality, affordable electric fireplaces online Canada, visit www.SimplyElectricFireplaces.ca today!

Which Mattress Type is Right for You?

Need a new mattress? Consider the different types now available before making your decision.

Spring

This is probably the most popular type of mattress, and the one that people are most familiar with. The spring coils provide support and consist of a box spring base, mattress springs, then a padded layer on top. The support system is comprised of metal coils. Different types of spring systems are available, including continuous coils and independent pocketed springs. The higher the number of coils in the mattress - the better the quality. The idea behind this is that more coils will provide more support and a better sleep. The padded layers on top can range from latex to memory foam, and may vary in thickness.  These mattresses are generally available in plush, semi-plush, firm or semi-firm.

Foam

Foam mattresses are generally inexpensive and available in  a variety of thicknesses. Memory foam is a newer type of mattress that came to the market in the early 1990s. The model was actually invented by NASA scientists when they came up with the concept of visco elastic foam, which was meant to absorb the effects of G forces when astronauts took off into space. They then believed this application could serve the consumer world as well. This is a unique type of material that helps contour the shape of the sleeper, eliminates pressure points, reduces the absorption of mold and dust, and isolates motion so that it is not transferred from one sleeper’s side to the other.

There are many variations of mattresses – some which combine a plush Eurotop with continuous coils or a pocket coils mattress topped by memory foam. Not everyone’s needs are the same so you really need to go to a mattress store and try the types of mattresses available to choose what best suits your budget, preference and health needs.  Adding the proper pillow to your sleep system will also help ensure you get the best nights’ rest.  Adding a mattress protector will help to prolong the life of your mattress and also protect you from bed bugs, dust mites and other contaminants.

In the Market for a New Mattress?

If you need a new mattress, it’s important to get the best quality mattress that suits both your needs and your budget. The best way to go about this venture is to visit a well renowned and reputable Milton mattress store that houses a wide range of mattresses at affordable prices, with knowledgeable sales staff to help you navigate your options. Sleep Factory West is a well-known and trusted Milton mattress store that can literally be your one-stop shop for all of your mattress needs! Visit www.SleepFactoryWest.ca today to browse your options!