Canadian Jumbo Mortgages that Fit Your Needs

Buying a jumbo home in Calgary? We have the mortgage that fits. Jumbo mortgages in Canada are typically mortgages in excess of $1 million. This can vary, however. For some lenders, jumbo mortgages start at $600,000 or $700,000, depending on where you live.

In many ways, jumbo mortgage loans are similar to their conforming mortgage counterparts, with some small exceptions. When qualifying for a jumbo mortgage, your loan rate may:

• Have a slight premium on the portion of the mortgage over the lender’s normal lending limit
• Be subject to more stringent lending guidelines
• Require additional supporting documentation from a borrower

Jumbo Mortgage Loans – We Can Help You Help Yourself

When considering home purchases in excess of one million dollars, there are a few things that you can do to assist us in negotiating your jumbo mortgage loan. Having a strong net worth and good history of mortgage loan repayment will help. So too will your success in business or your current position with your employer.

You may benefit from improved loan rates, reduced paperwork requirements, or jumbo mortgages to values of up to 90% and 95%, as a financially strong and stable borrower. Imagine the power of controlling a significant amount of real estate in Canada’s hot real estate markets, for only a fraction of the actual purchase price as your down payment.

Negotiating a Canadian Jumbo Mortgage Loan

It is important that you are not confused by U.S. guidelines for jumbo mortgage loans, which are mortgage loans that exceed the limits set by Fannie Mae and Freddie Mac (the 2007 limit was $417,000 in the continental U.S., for example). There are often large mortgage interest premiums attached to American jumbo loans.

In Canada, however, this is not typically the case with proper positioning and negotiations by your mortgage specialist. Your MBN Mortgage team is known for combining your unique needs and mortgage requirements into jumbo mortgages that fit your jumbo home and lifestyle. You have worked hard to get here. We intend to seamlessly fit your mortgage loan, or jumbo mortgage refinance into your financial and estate plan.