30 Jan

Different Insurances Involved When Securing Financing

Mortgage Tips

Posted by: Chanele Langevin

As a Mortgage Agent, I noticed that many clients get confused with the different insurances products available to them when securing a mortgage. Mortgage Loan Insurance The first insurance is the Mortgage Loan Insurance or Default Insurance.  This insurance takes place when there is a home purchase with down payment being less than 20% of […]

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30 Dec

Co-Signing vs Being a Guarantor on a Mortgage

Mortgage Tips

Posted by: Chanele Langevin

Have you ever been asked to co-sign or become a Guarantor for someone on a loan or mortgage?  This is generally something that is considered very personal to people and usually involves close family members or parents and children.  Having sufficient income is not all that is necessary to obtain a mortgage.  The borrower must […]

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1 Dec

The Facts of Mortgage Life and Disability Insurance

Mortgage Tips

Posted by: Chanele Langevin

One of the responsibilities I have as a mortgage agent in Grande Prairie, Alberta is to ensure that my clients are aware of and understand the importance of having life and disability insurance on their mortgage. There are so many different types of insurances that we are offered throughout our lives that it can be […]

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14 Nov

Mortgages and Divorce

General

Posted by: Chanele Langevin

For many divorcing couples, a home is the most valuable asset. It is important to seek legal advice, as well as the advice of a mortgage agent, very early in the process.  As a mortgage agent in Grande Prairie, Alberta, I can assess overall expenses you would incur, with different scenarios, in regard to your […]

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24 Oct

Questions To Ask Your Mortgage Broker

Mortgage Tips

Posted by: Chanele Langevin

Choosing a Mortgage Broker/Mortgage Agent is a critical first step when you are planning to purchase and finance a home. A mortgage broker is an intermediary between the borrower and the pool of lenders. Using a mortgage agent eliminates the need for you to shop around trying to find the best rate and mortgage product to […]

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12 Oct

Avoid These First Time Home Buyer Mistakes

General

Posted by: Chanele Langevin

As a Mortgage Broker in Grande Prairie, Alberta, I have had the pleasure of helping many people realize their home-ownership dream. Purchasing a home can be stressful if homeowners lack proper professional support throughout the transaction; especially if this is their first home purchase. There are a few things that are critical to keep in […]

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25 Sep

Which Mortgage Payment Frequency Is Best For You?

Mortgage Tips

Posted by: Chanele Langevin

Many people do not realize that there are options when it comes to paying off a mortgage faster than the actual Amortization period of the loan while also saving thousands of dollars in interest. Most mortgages have an Amortization period of 25 years.  This means that the time it will take you to pay off […]

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10 Sep

What is the First Time Home Buyer Incentive Program?

General

Posted by: Chanele Langevin

The First Time Home Buyer Incentive Program, referred to as FTBHI, is a Government of Canada program granted by Canada Mortgage and Housing Corporation (CMHC). CMHC acts as the Program Administrator of the program. The amounts of the incentive that are provided are as follows: Re-sale home, 5% of home value New construction home, 5% […]

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25 Aug

Understanding the Mortgage Renewal Process – A Step by Step Guide

General

Posted by: Chanele Langevin

When your mortgage is first established it is set up with an amount of years it will take for you to completely pay off your loan. This is called the “Amortization Period”.  Within the Amortization period there is a “Term” which is the amount of years that a Lender will guarantee you the agreed upon […]

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