Services
There are so many reasons that people require financing which is secured by a home or a property. Which is why there are numerous specialty programs available for different financing scenarios.
This section will help you understand what different terms mean and also how the product is used to finance a property.
Connecting with Courtney is another way to become well informed on what is possible.
Conventional
A conventional mortgage is a mortgage offered directly through a bank or financial institution. It is NOT insured by a mortgage insurer like CMHC (Canadian Mortgage and Housing Company).
A conventional mortgage purchase requires a minimum down payment of 20% and is one of the top products used to purchase a home.
A conventional mortgage purchase requires a minimum down payment of 20% and is one of the top products used to purchase a home.
Insured (High Ratio)
An insured mortgage is a mortgage that is insured by CMHC, Sagen or Canada Guaranty. Mortgage insurance is an insurance policy that protects a mortgage lender or titleholder if the borrower defaults on payments, passes away, or is otherwise unable to meet the contractual obligations of the mortgage. These mortgage insurers make it possible to put as little as 5% for a down payment when purchasing a home by taking on some of the risk for the mortgage lender. An insured mortgage is the top financing product used for a first time home buyer to purchase a home.
Mortgage Insurers also have other programs to help unique families realize homeownership.
Mortgage Insurers also have other programs to help unique families realize homeownership.
- New to Canada - moving to a new country is hard enough, finding your place in that new country should be. Mortgage insurance for new to Canada buyers, simplifies the process.
- Secondary Home - You can purchase a secondary or vacation property with as little as 5% down payment
- Borrowed Down Payment - It is possible to borrow a down payment and if you connect with us well in advance, this could be a great benefit to you.
- Self-Employed Income Program (Business Alt-A) - Self-employed individuals who cannot show traditional income verification but who are fiscally responsible can access this program
Builder
There are many paths to building a home and when you want to finance a build, you need a mortgage specialist who has experience.
- Self-Build (You are the General Contractor and you source all materials, services, trades people, blue prints, surveys, permits, New Home Warranty and requirements- experience mandatory)
- Third-Party Build (These builds are completed by a builder with New Home Warranty and a fixed rate build contract)
- Ready to Move (Modular or existing home moved to owned land )
- Modular home on owned land
- Outbuilding Builds (New program available to Albertan's)
- House with detached Shop
- "Shouse" (Shop with living quarters)
- Detached Garage Suite
Second Vacation Home
Whether you are vacationing or need a second residence for your lifestyle, you can potentially purchase this property with as little as 5% down for Alberta properties.
- BC Vacation property - (on improved real estate with permanent foundation - no leased land - minimum 20% down)
- Lake property
- Resort Property
- Secondary property
Outbuildings
Outbuilding Financing included in Personal Mortgage (New program available to Albertan's)
- House with detached Shop - Can be built or refinanced
- Detached Garage Suite
- Garden Suite
- Shop House
Purchase + Improvements
If you love the location and the price is right; If the square footage is great, but you just hate that kitchen....Then this product is for you. Stop bypassing the nearly perfect home just because of some cosmetic challenges.
You can include the costs of the improvements you want to make to the home you want to buy in with your mortgage. You still have to meet the down payment requirements on the total cost, but I can tell you all about that when you connect with me. So go ahead, buy that home with the undeveloped basement, or the one that needs a bathroom overhaul, we got your back.
You can include the costs of the improvements you want to make to the home you want to buy in with your mortgage. You still have to meet the down payment requirements on the total cost, but I can tell you all about that when you connect with me. So go ahead, buy that home with the undeveloped basement, or the one that needs a bathroom overhaul, we got your back.
New to Canada
If you have immigrated or relocated to Canada within the last 5 years, with a valid work permit or permanent residency, you can apply to purchase your own home and start planting roots in this beautiful country. With a minimum requirement of 3 months full time employment (borrowers being transferred under a corporate relocation program are exempt), we can help you with an application to reach homeownership.
Investment Property
Owning property as an investment comes with many advantages. The largest advantage is long term equity gains. With as little as 20% down, you can start building your own empire.
Modular Home
If you want to purchase a modular home in a park community, or place one on some land that you own or on leased land outside of a park, we can help you with the financing with as little as 5% down. The key with financing mobile homes is that they are required to have a lot of life left in them. Connecting with us to discuss your options is your best next move.
Land Only Financing
In Alberta, not many banks are willing to finance land only. If your intention is to build on the land you want to purchase, with as little as 25% down, I have access to a product that is amortized over 25 years, at a reasonable interest rate and the loan can be paid out at anytime without penalty. So get that land and then plan your build. The higher the price of the land and the further away it is to a major city center, the higher the required down payment will be. But connect with me and we can tell you what is required for the land you have in mind.
Home Equity Line of Credit
Most Albertan's know a good opportunity when they see it and with today's historically low interest rates coupled with rising home values, many Albertans are being drawn to the Home Equity Line of Credit.
There are many benefits to accessing your home equity for investment purposes; Faster earnings for your retirement, tax write offs, maybe it is for the purchase of an investment property. Whatever the reason, there is a strategy for you and we have some investment partners that can help us draw that map.
There are dangerous ways to use your Home Equity as well, consolidating debt or buying depreciating assets can be some of them.
Our recommendation is to have a full goal setting session with your mortgage specialist and one of our Financial Planners.
There are many benefits to accessing your home equity for investment purposes; Faster earnings for your retirement, tax write offs, maybe it is for the purchase of an investment property. Whatever the reason, there is a strategy for you and we have some investment partners that can help us draw that map.
There are dangerous ways to use your Home Equity as well, consolidating debt or buying depreciating assets can be some of them.
Our recommendation is to have a full goal setting session with your mortgage specialist and one of our Financial Planners.