Calgary Mortgage Loans – Financing for Your Future

What is the difference between general loans and mortgage loans? A home loan, or mortgage, is a unique type of loan where the borrower (mortgagor) offers a portion of their interest in a property to the lender (mortgagee) in return for the loan—a unique, win-win relationship. The second difference is that mortgage loans are secured against the property. The mortgage document itself represents the lender’s interest in the property, and outlines the finance terms and conditions of your contract with the lender, for the term of the mortgage.

One unique condition of first mortgages limits the transfer of real estate without first paying the balance owing on the mortgage to the lender. For this reason, a home loan is considered a secure investment for a lender. With this security, mortgage loans receive some of the lowest rates in the lending market.

Whether a Personal or Investment Loan, Canadian Mortgage Refinancing Opens Doors

Are you looking to unlock home equity? A specialized loan—a mortgage refinance—is an excellent way to unlock accumulated equity from your property. Home equity can accumulate through pay down of the mortgage, real estate appreciation, or both. It is possible to access home equity through a range of first mortgage, second property mortgage, home equity loans or home equity line of credit (HELOC) products.

Many Canadians will use mortgage refinance proceeds for financial debt consolidation, investment purchases, or to purchase other goods and services. Determining the best type of mortgage refinance loan to access home equity depends on your current financial needs. Your trusted MBN Mortgage specialist can assist you with this.

Get the Most Out of Ownership of Your Home... Loan / Mortgage Advice That Makes Sense

Mortgage loans can be complex—we understand that. If you have equity in your present home or loan, our refinancing advice available in Calgary, AB and across Canada can be essential.

There are a number of home mortgage loan details that we consider when evaluating and assisting you in selecting the most appropriate financing solution. The most common variables are the down payment, mortgage term, amortization period and, of course, interest rate. These factors have the most direct impact on overall mortgage payments. However, there are other important and often overlooked factors to consider, including prepayment privileges, payment frequencies, fixed versus variable or adjustable interest rates, mortgage insurance fees, portability of the mortgage and the general terms and conditions of the mortgage.

Like you, each home loan / mortgage is different. At MBN Mortgage, our speciality is matching your needs with our expertise to create a mortgage solution that fits your financial plan. Contact us today to learn more.