Welcome to Mortgages That Fit - your one stop for mortgage financing information in Lethbridge, and surrounding area. We invite you to browse this site for information on mortgages, financing, transferring mortgages, switching a mortgage, mortgage rates, mortgage calculators and mortgage news across Lethbridge and surrounding area.
Mortgage Advice and Information to Fit Your Life
Mortgages That Fit is your one stop for mortgage financing information in Lethbridge and surrounding areas.
Whether you’re a first time home buyer, a homeowner wanting to renew or refinance your mortgage, or would like to access the equity in your home for investments, renovations, or other uses… turn to us for friendly, helpful advice on the mortgage that fits your life.
No matter what your situation, your personal goals, or your individual needs, we negotiate with up to 60 lenders on your behalf. Call us first to learn more about what mortgage strategy is right for you.
Mortgage Refinancing – consolidate debts and ease cash flow.
Lines of Credit – access the equity in your home for investments, renovations, the list is unique to you.
Mortgage Renewing – make sure you get a great rate and the mortgage that fits your needs.
First-Time Home Buying – 100% financing, extended amortizations, and special programs available. We take the stress out of the mortgage process!
Second Home Buying – financing options for investment and vacation properties.
Past Credit Problems – mortgage products for those with past credit problems.
Contact us for a free, no-obligation consultation – we’d be delighted to advise on how you can get the most from your mortgage.
Most
unsecured debt is priced by your bank at a higher rate than your mortgage in
order to compensate them for the higher risk of loss if you default. For many
people it only makes sense to use available home equity to pay out this debt,
as it typically reduces interest costs significantly. If the total of the
existing mortgage and the debt to refinance
your home in Lethbridge
is less than 75% of the value of your home, and you qualify in terms of income
and credit standing, refinancing your first mortgage should be a breeze.
If you
want to spend a significant amount of money on improving your home, you may be
able to take out a lot more equity through refinance
loans in Lethbridge Alberta than you realized! Peter can
advise you through this process. Both insurers — GE Capital and CMHC, will
insure new mortgages which are "topped up" for this purpose, and the
total of your current mortgage and the new funds exceeds 75% of the current
home value. Not all improvements are eligible, however. Pools and spas are
typical "over-improvements" which may not qualify for a high-ratio
equity take-out. Of course, if the total requirement is less than 75% of your
home's current value, you should have little trouble getting the "top
up" you need — regardless of the degree of luxury you plan to add.
Mortgage Advice and Information to Fit Your Life
