Mortgage Broker Edmonton

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Conditional Mortgage Approval

Conditional Mortgage Approval What does conditional mortgage approval really mean? Conditional mortgage approval is when a lender approves a mortgage based on the information, they receive from a mortgage broker. When they issue a commitment it comes with conditions. If the conditions are satisfied, such as income verification and down

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What is an Insured Mortgage?

An insured mortgage is when there is less than a 20% down payment on a property. An insured mortgage (often referred to as a high-ratio mortgage) is one that is covered by mortgage default insurance. The default insurance is paid by the consumer. It is usually added to the mortgage

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Separation Agreements

Separation agreements, they are the key component required when looking to purchase a home. In today’s world, mortgage and lender qualifications become complicated with a “separated” marital relationship status. If you’re married or civil partners seeking a legal separation, decisions about the house and mortgage will form part of the

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Mortgage Fine Print

Many people overlook understanding mortgage fine print. Majority of consumers focus just on the interest rate they get for the term however, do not look at what the fine print could do for them. Let’s review a few things: 1. Prepayment options: There are many out there but here is

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Mortgage Meeting

Prepping for Your Mortgage Meeting Prepping for your mortgage broker meeting requires a little knowledge and a few documents. Understanding what it takes to get approved is very important. You will want to review a few areas to make sure you are ready. 1. Employment – You will need to

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Debt Payments

Debt payments when qualifying for a mortgage impact your purchase price.

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Low Rates!

Is it time to take advantage of low rates to save money?

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