Mortgage Collective

Home
Canada
Red Deer, AB
Mortgage Collective

Team with Mortgage Alliance. Mortgage Brokers since 2003.

03/05/2024

Self-employed? We're here to unlock opportunities, not build obstacles! I have exclusive access to lenders who understand the needs of self-employed individuals. Together, will evaluate your unique circumstances and guide you on the best approach.

Supporting self-employed borrowers is one of my core strengths! Reach out today for a free consultation.

02/27/2024

Fixed or Variable? It really depends on you and your families risk tolerance. A mortgage should be part of your financial plan and you should consider a number of personal factors, such as how long you plan to own the home.

If you take a long-term fixed rate and end up breaking the mortgage, the penalties could be very high. The best thing to do is to reach out, and together we will map out a few scenarios and outcomes. Then you can use that information to make an informed decision.

02/13/2024

Second mortgages are usually taken out to help with short-term cash requirements, pay off higher-interest debts or for investment opportunities. Depending on your qualifications, a second mortgage will allow you to access 80% - 95% of your home equity.

One of the attractive things about second mortgages is the payment. In most cases, you can pay interest only or interest plus the amount of principal you select.

For more information, reach out for a free consultation.

02/06/2024

Are you getting or renewing your mortgage this year? Uncertainty about interest rates continue to be top of mind for borrowers. Three strategies to help you limit your risk of uncertainty are:

1. Use multiple rate holds – Getting a rate hold early protects you from temporary increases before you sign off on your mortgage. If rates decline, you can ask for another hold at the lower rate.

2. Choose a short-term fixed – If you need a new mortgage now but believe rates will fall in the future, you can lock into a one-year fixed. These types of rates are higher than a 5-year fixed but if rates do decline over the course of the year, paying more for a one-year fixed works out better than locking into a 5-year fixed.

3. Choose a hybrid mortgage – This lets you split your loan into two or more portions tied to variable as well as fixed rates.

For more information, reach out for a free consultation.

01/30/2024

Refinancing means getting out of your current mortgage and replacing it with a new one. This can be beneficial for many reasons. Take a look at 3 common reasons to refinance your mortgage. 🏠

👉 To consolidate high-interest debt
👉 To fund home renovations
👉 Access lowest-cost funds for a large expense

01/22/2024

At renewal, you can renegotiate everything pertaining to your mortgage – with no penalties – which means this is an important moment of opportunity. You may also want to discuss refinancing your mortgage to pay off debt, complete renovations, or pay for a major expense ahead.

Reach out to explore your options.

01/16/2024

Mortgage rates can be misleading and complex. The lowest rates aren’t available for all situations, like conventional mortgages, refinances, 30-year amortizations, and rental properties.

Rates are also used as a lure in online rate ads. But the reality is that once the fine print is read, many will find they don’t qualify for that rate, and often, there are restrictions that could cost homeowners in the long run.

If you see an online rate ad, do all the research you can, but be sure to call me to discuss. It’s my job to understand your situation and look out for your best interests.

01/08/2024

Using a mortgage broker like myself gives you access to lending options you can’t get on your own. I deal with many lenders, from major banks to private lending options. This gives you more choice with one simple call.

Reach out today to schedule a free consultation.

01/05/2024

Lenders typically let you renew your mortgage without penalty 120 to 180 days before your current term ends. They will often send you an early renewal offer during the period. It is important to know that early renewal offers are usually uncompetitive. Your best option is to reach out and explore your options!

Address

3617D 50 Avenue
Red Deer, AB
T4N4N7

Website

https://www.mortgagecollective.ca/

Alerts

Be the first to know and let us send you an email when Mortgage Collective posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Mortgage Collective:

Shortcuts

Featured

Keith Uthe Demystifying Mortgages
101, 6420 6A Street SE, Calgary
Moraine Wealth Advisory
1920, 407 2 Street SW, Calgary