Whether you are buying your first home, your mortgage is up for renewal or you want to withdraw equity from your existing property, a Red Deer Mortgage Broker can help. These professionals are able to match your mortgage needs with the best lenders available, and can save you thousands in interest costs over the lifetime of your loan. They are also more accessible and flexible than banks, and invest in ongoing education to stay on top of an ever-changing market.
If you are searching for a local mortgage lender, check out our mortgage lender reviews and ratings before making a decision. We use a rigorous 50-point inspection process, checking everything from customer satisfaction and trust to history, complaints, and ratings, so you can feel confident choosing the right mortgage lender for your next home purchase or mortgage refinance in Red Deer.
A Place to Mortgage is a brokerage that offers mortgage www.RedDeerMortgageLending.com solutions ranging from new purchases, renewals, and refinancing to commercial mortgages, construction loans, bad credit mortgages, and reverse mortgages. The brokerage is part of the Mortgage Alliance broker network, and borrowers can set up an appointment with one of its agents to meet at its offices in Red Deer or online.
In addition to mortgages, the brokerage also provides mortgage insurance and investment advice. Its newest product is the RRSP Home Buyers Plan, which allows first-time buyers to borrow up to $35,000 from their RRSP without being taxed. This program can be a great way to get into your first home, and you can find out more by visiting the brokerage’s website.
Many mortgage brokers are paid by commission, but it is important to ask if they are and what their rate is before agreeing to work with them. Those who do not charge a fee may still offer the same helpful advice as those that do, but they will be less likely to be familiar with all of the available options.
Another popular choice for mortgages is private lending, which is typically provided by credit unions or independent financial institutions. These lenders often have lower rates than big banks and can be a good choice for those who are looking for a quick approval and low fees. However, it is important to note that the lender will take a greater risk with your loan, so this may not be the best option for those with poor credit.