Rent or buy? Will I be qualified? How much money do I need to put down? Will I be accepted for house financing (Edmonton area) with bad credit? What if the market drops? These are the questions most Canadians are asking themselves.

The question Canadians should ask themselves is, “how do I put money in my pocket and build wealth with my home?” This is called Equity. Over the last 5 years, many Canadians, especially Albertans, took advantage of the market and gained over 100% in equity. That means a home 5 years ago in Edmonton that was bought at $200,000 is now worth approximately $400,000; a gain of $200,000 in equity!

Although CMHC no longer allows 100% house financing (Edmonton area), some lenders have been able to work around this with cash back mortgages, meaning you may be able to get into your dream home with as little as nothing down. Below is an illustration of what you will pay at the current market interest rate with the value of the type of home you desire

Payments based on a variable rate amortized over 35 years* OAC

With today's market flooded with a number of mortgage products and house financing (Edmonton city) plans, you need the help of a mortgage professional to make the right decision. In case you are a first-time home buyer or even if it's your second time around, consulting a mortgage expert will prove extremely beneficial.

As a first time home buyer, you may be unaware of the house financing (Edmonton area) plans that are available to you. You must know how to pick the right one for your specific needs along with the legalities involved. I can assist you by providing the right advice, and making the application process lucid, simple, and error-free.

Even if you have done this before, you might not be well informed of the latest rates and packages available. To ensure the mortgage you choose is tailor-made according to your needs, get in touch with me at the earliest.

Apply now to get qualified today and turn your Dream of Home Ownership into a Reality!