Mortgage Broker in Grande Prairie, AB
When you are ready to buy a new home, you will quickly discover the process is more complex and in-depth than it may seem on the surface. Modern properties vary quite a bit regarding amenities, style, the nearby school district, and – the most important factor – location.
The process of filling out a mortgage application is complicated. This is especially true for first-time home buyers, which is when a professional and experienced mortgage broker can be invaluable.
Are you interested in learning more about the services and solutions a mortgage broker can offer? If so, you’ll find our philosophy and methods outlined here to ensure you can make an informed decision regarding if Chanele is the right specialist for your home buying journey. She has worked with first-time home buyers, those looking to refinance their mortgage, those renewing their mortgage, and more. She can provide the same high-quality, professional services to you that she is known for in Grande Prairie, AB.
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When you hire Chanele Langevin as your Grande Prairie mortgage broker, you will find an array of services. These include:
- Serving as a middleman between you (the borrower) and your lender while handling all the steps that go along with securing a loan and gathering all the needed paperwork.
- Paperwork compilation, which includes bank statements, employment histories, and credit reports, which are necessary if you are buying or refinancing any property.
- Chanele can anticipate issues that may arise during the application process
- As well as can determine what issues may result in problems with one lender versus others.
Common Reasons Homebuyers Try to Do This Alone (and Why This Isn’t a Good Idea)
There are some situations where a homebuyer may feel more comfortable when they go right to a big bank to get the needed loan. In this situation, buyers need to talk to a broker to understand all the options they have related to the type of loan along with the rates that are available. Chanele Langevin and her team are extremely versatile, and will work with title companies, underwriters, attorneys, and even the real estate agent for the seller until the keys are handed to you.
We have found that some people try to avoid brokering services because they think they can handle the tasks that a broker takes on. However, the lender is paying the commission to a broker at the closing of the sale, which is usually between one and two percent of the total loan. The only fee that you may have to pay is the loan origination fee, which can be added to the loan or paid separately. In some situations, this fee can be waived as an incentive to clients who may be somewhat hesitant to use brokering services.
When you contact Chanele, you can feel confident that she isn’t in the business of only closing as many loans as possible. She will never focus on the almighty dollar – instead, focus on quality service and ethics to handle each deal taken on.
How You Can Capitalize and Benefit from a Mortgage Professional
If you are thinking about hiring a mortgage professional for your home buying experience in Grande Prairie, make sure you are confident in your decision by taking the time to:
- Read past customer reviews and check out the references (just ask!).
- Check out licenses and accreditations in the industry.
- Learn about the lenders that Chanele and the Dominion Lending Grande Prairie team deal with.
- Ask about our professional liability insurance.
Each of these factors help to ensure that the desired results are achieved and that you have a positive experience with your mortgage professional.
Why Does Professional Liability Insurance Matter?
Our team has been in business for several years. Because we know the industry, we understand how important it is to have professional liability insurance in place. This is held to protect our clients from any potential negligence that may occur while we are performing our services. While our team is professional and experienced in this industry, there are times when things may not go as planned. If that is the case, you can feel confidence we are fully covered.
Was informative, prompt and easy to work with. The process was easy and without stress. I highly recommend Chanele
Chanele helped me through the process of buying my first home and she was amazing! She was very knowledgeable and helpful with any questions I had. She did everything in her power to get me the absolute best deal I could get! Thanks for taking the stress out of the buying process for me!
Helped me get my first mortgage. Answered all my questions. Would recommend!
She was so helpful during the time I purchased my new house .. me and my wife recommends her for anyone who wants to buy a new house.
Chanele and her team were so amazing to work with. They walked through every step with me and explained what I needed to do. They made it much easier and less stressful in a stressful situation. I would definitely recommend her 100%.
Thank you for all your help. See you in 5 years😁
What to Prepare for Your Mortgage Agent in Grande Prairie
Start With a Downpayment
In an ideal world you should be able to prepare 20% your target purchase price. Having a substantial downpayment, will help you qualify for a mortgage as well as avoid additional costs, and potentially help with your future financial goals. With a 20% downpayment, you will be able to start building equity right away, on top of the equity you've already established with your downpayment. However, for those who don't have 20%, there are options to use a downpayment as low as 5% for an owner occupied property. Using a lower amount will require your mortgage to be backed by a mortgage insurer like CMHC or Genworth. The fees associated with mortgage insurance will be added to the principal loan amount, and in turn you will be paying interest and principal against this added cost in the first few years of your amortization period. Where you are able to acquire the property for less cash upfront, you will essentially also be limiting your equitable gains until the insurance premium is paid off. Regardless of this, a 5% downpayment is very common amongst Canadians looking to get into a home of their own. It is important to consult with a mortgage agent in Grande Prairie who can help you decide the best downpayment amount for your specific goals and needs.
In order to seek pre-approval for your mortgage there are a few items you should prepare in conjunction with your downpayment. When filling out your application you should have the following information ready.
- Government Issued Photo ID
- Proof of your current address (utility bill, property tax bill, etc.)
- Letter of Employment, along with employer's contact information
- Proof of income (T4's or Notices of Assessment)
- List of Assets & Liabilities
By having these items prepared in advance, you can help speed up the process of getting approved for your loan. Some additional items may be requested by the lender depending on your individual situation, but this is a good place to start.
Are You Looking for an Open or Closed Mortgage?
When preparing for the application process, you may not know whether you should choose an open or closed mortgage product. However, this is where you can rely on Chanele's expertise. An open mortgage would be suitable if you are planning to make extra payments against your principal to pay off your mortgage faster without incurring penalties. It is best to discuss your goals with a mortgage professional like Chanele to gain perspective based on your financial goals.
Fixed or Variable Rate?
Depending on your personal preferences, you will also need to decide if you are looking for a fixed or variable rate type. If you prefer predictability of your payments you may want to explore the benefits of a fixed interest rate. However, there are typically long term savings associated with a variable interest rate. Again, having an idea of what your are looking for will benefit you in preparing to apply for a mortgage.
What Type of Mortgage Services Do We Offer?
If you are searching for a mortgage broker in Grande Prairie, you will find Chanele can offer clients an array of services and products to meet their needs. Some of the services offered include:
- First time home buyer assistance
- Mortgage renewal services
- Mortgage refinance services
- Self-employed mortgages
Chanele is dedicated to each client served with a high level of professionalism and a team that pays close attention to every detail that’s important to this process. We have the time, ability, and know how to execute deals in an efficient and effective manner.
Our team will help you get pre-approval for the mortgage you need, which will provide you with more security in your buying power than what you could face if you don’t have this pre-approval. Our team will work hard to find the perfect lender for your needs and to ensure you secure the best rates to make your purchase as affordable as possible.
As you can see, we don’t cut corners or take shortcuts when it comes to your mortgage process. All you have to do is get in touch to learn more about the services we offer.
Are you a first time home buyer in Grande Prairie?
If you’ve spent at least a couple of years living and working in Grande Prairie, you’ve likely noticed the city has a unique community and market when compared to the rest of Alberta. Despite the ups and downs of the business market it continues to grow and thrive, and as this growth increases so does the sense of community. You might say that the friendships developed and families that come together have encouraged you to put some roots down. If you are a first time home buyer in Grande Prairie, Chanele Langevin will prove to be the right choice in mortgage agent. Grande Prairie has many options for you to consider when looking for a loan. However, you want to work with one you can trust to find you the best rates and terms available for pre-approval in a challenging market. Chanele will fight for you to help secure your family’s future through your first home purchase. There is no need to look any further to find Grande Prairie’s best mortgage broker. Don’t forget to ask about government backed incentives.
More Than Just Mortgage Loans. Ask About Our Visa Cards.
Yes, it’s true Chanele is an excellent mortgage agent for Grande Prairie, able to navigate through lenders to get you a loan, but did you know she can also help you acquire a Visa credit card? Dominion Lending in Grande Prairie offers a number of options for Visa cards, and Chanele can assist you in borrowing money through this avenue. See below and click on the link to view your options and apply for a loan, or simply give Chanele a call. Rest assured that no matter what your needs are, you have another method to borrow money that does not require you to deal with the bank.
Contact to Learn More
When it comes to hiring mortgage specialists, there are more than a few factors that must be considered. Our team knows what to do and how to work to ensure you get the most desirable terms possible for your situation and your home buying process.
We understand that everyone has different wants and needs. Our services are optimized to meet these needs and ensure you get the results desired. We are here to help; all you have to do to get started with our services is contact Chanele Langevin. She will ensure you get the results desired and that the process is as smooth and problem-free as possible from start to finish.
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