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Explaining Mortgage Payout Penalties - Source Mortgage - Mortgage Experts Alberta
Explaining Mortgage Payout Penalties

Purchasing a home comes with a lot of rules. While most people prefer mortgage rules to those that come with renting a home, homeowners should still be aware of what they can and cannot do. When it comes to prepayment, you’ll definitely want to read through the fine print. Prepayment: When Penalties Apply Your lender [...]

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By Lori on May 10, 2019
in Mortgage Broker Services
Simplifying the Mortgage Process with Velocity - Source Mortgage - Mortgage Brokers Alberta
Simplifying the Mortgage Process with Velocity

It’s no surprise that the mortgage process has the potential to get very complicated. With all of the paperwork and lenders and moving parts involved, it’s important to have a way to keep everything organized. If you’ve read our page on Velocity, then you know that we are using this technology to transform your mortgage [...]

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By Lori on April 1, 2019
in Mortgage Broker Services
Advantages of Going to a Broker Before a Bank - Source Mortgage - Mortgage Experts Alberta
Advantages of Going to a Broker Before a Bank

When it comes to purchasing a home, there are a lot of players in the game. From appraisers to lenders, real estate agents to lawyers, it can seem a little crowded. For many new homeowners, it can be overwhelming, so why add a mortgage broker to the mix? Will it really make that much of [...]

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By Lori on March 15, 2019
in Mortgage Broker Services
Tricks for Budgeting Your Monthly Mortgage Payments - Source Mortgage - Mortgage Experts Alberta
Tricks for Budgeting Your Monthly Mortgage Payments

Saving up to purchase a home is no walk in the park, but don’t forget that you’ll have to keep on top of your monthly mortgage payments long after your down payment has been made. In Canada, you never truly miss a mortgage payment, you’re just “late”. Your records will show every month after that [...]

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By Lori on February 1, 2019
in Mortgage Broker Services
Standard vs Flex Down Payments - Source Mortgage - Mortgage Brokers Alberta
Standard vs Flex Down Payments

Most homebuyers are familiar with the standard down payment on a house. All this means is that they have to save up at least 5% of the purchase price well before buying the home. For some, saving up that much money can be a daunting task, so they choose to forgo purchasing and go on [...]

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By Lori on January 1, 2019
in Mortgage Broker Services
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Mortgage Rates: Where do they come from?

While homebuyers are out to find a home, lenders are out to make a profit. After all, theirs is a very important business. Lenders earn their living by charging interest on the money you borrow to make big purchases. While this arrangement is fairly common knowledge, many folks still find it a mystery as to [...]

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By Lori on December 1, 2018
in Mortgage Broker Services
Explaining the Credit Score - Source Mortgage Centre - Mortgage Brokers Alberta
Explaining the Credit Score

Having a good credit score is a way to ensure that you experience less financial barriers in life.  A low rating, on the other hand, can force you to work through some unfortunate obstacles. Every adult will need to have their credit score checked at some point or another by lenders, banks, or even potential [...]

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By Lori on November 14, 2018
in Mortgage Broker Services
Why Use a Mortgage Broker? - Source Mortgage Centre - Mortgage Experts Alberta
Why Use a Mortgage Broker?

Purchasing a home is a huge decision. Thought, planning, and care are key to a successful and smooth process. The nature of homebuying makes it impossible to do entirely on your own. You will need to deal with real estate agents and sellers, lenders and lawyers. Why not go in with a knowledgeable, goal-oriented team [...]

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By Lori on October 1, 2018
in Mortgage Broker Services
Rate Hikes with Bank of Canada - Source Mortgage - Mortgage Experts Calgary
Getting Started on Buying a Second House

Owning your own home is an incredibly rewarding venture, so much so that some homeowners are chomping at the bit to start the process all over again and purchase a second home. If financially feasible, a second house can offer equity, income, or just a place to get away from the stress of it all. [...]

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By Lori on September 1, 2018
in Mortgage Broker Services
Important Mortgage Feature: Porting - Source Mortgage Centre - Mortgage Brokers Alberta
Important Mortgage Feature: Porting

According to a study done by the Canadian Association of Accredited Mortgage Professionals, the average Canadian will own 4.5-5.5 homes in their lifetimes. That means that Canadians are moving their mortgages around just as often. Porting is an option for those homeowners who have not yet completed their mortgage in one home before they move [...]

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By Lori on August 1, 2018
in Mortgage Broker Services
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Heartwarming Stories

Source was absolutely great to work with - went above and beyond to help us get everything done when buying our new home. Highly recommended!! Chad and Jenelle Richards Jan 09 2013

Chad and Jenelle Richards
Added January 23rd 2013

Interest Rates

6mth Term 3.95%
1yr Term 2.99%
2yr Term 2.69%
3yr Term 2.99%
4yr Term 3.39%
5yr Term 3.04%
V.R.M. Prime-.65 or 2.35%

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