Mortgage
Renewals
The mortgage market
is very competitive. All of the major banks, trusts and insurance companies are
clamoring for new mortgage business and to maintain their existing business. It
is truly a consumer's market for mortgages. Let a CMC Professional save you time
and money by surveying our lenders across Canada and assuring you get the rate
you deserve. Let us help you be an informed customer.
Mortgage
Investments
Private mortgage
lenders earn higher yields by investing in quality second mortgages.
Based
on your investment objectives, you will be presented with mortgage opportunities
for your examination. You will be provided with complete credit and employment/income
verification regarding this borrower and an independent appraisal by a certified
appraiser on the property being offered as security for the loan. Contact us to
become one of our private funders today.
Building
the Perfect Mortgage
The ideal mortgage
would be one with a lower-than-market interest rate that is open to prepayment
and flexible in every way.
While
lenders inevitably fall short of this ideal, keen competition for mortgage business
has made them more obliging, especially if you have other business they would
like to win. Indeed, the number of choices can make arranging the right mortgage
appear overwhelming, especially to first-time home buyers. At Calgary Mortgage
Corp. we do this work and research for you.
Finding
the Right Lender
When you are looking
for mortgage money, it may be tempting to accept the first offer that comes your
way. A word of advice: DON'T
A mortgage
is a big financial transaction, so it pays to shop around. Lenders today, are
competing very strongly for mortgage business. If you put yourself in a bargaining
frame of mind and "shop the market," you will likely be able to get
a great Interest Rate as well as additional features to make your mortgage more
flexible and less costly. At Calgary Mortgage Corp. we do this work, running around
and shopping for you.
Mortgages:
The Basics
A mortgage is
the largest sum of money most people will every borrow. The interest costs alone
can easily run into the tens of thousands of dollars. So when borrowing to buy
your home, it is important to understand how mortgages work. Knowing how they
differ from lender to lender, how much they really cost, and how to reduce your
costs can save you a lot of money, and possibly take years off the life of your
mortgage. At Calgary Mortgage Corp. we can help you achieve this.
Consider
using a Mortgage Broker
If you do not
have a lot of time to go from lender to lender, consider using a mortgage broker.
Mortgage brokers are no longer the lenders of last resort. Indeed, many financial
institutions pay brokers to generate business: the lender rather than the borrower
pays the fees.
Mortgage
brokers really come in handy if you have been turned down for a loan from a bank,
trust company or credit union. This is often the case if you have declared bankruptcy,
have a bad credit rating, or are self-employed.