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Why We LOVE Encompass Home Warranty Program

We’ve blogged before about the many great features that are available when you buy a mortgage. Thing like portability, prepayment options  and home insurance programs that should be considered just as seriously as the interest rate. Today, we’d like to discuss one particular home insurance program and explain why a couple real-life experiences by one of [...]

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By Source Mortgage on November 3, 2015
in Mortgage Broker Services
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How has the Prime Rate Drop in July Affected Rates for Canadians?

If you’re in the market for a new mortgage — or are getting ready to renew or refinance the one you already have, you may have heard about the prime rate dropping in July. Prime rate is defined as the lowest rate of interest at which money can be lent. It’s important to note that [...]

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By Source Mortgage on October 6, 2015
in Mortgage Broker Services
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Mortgage Features

Over the years, we’ve found many of the new home buyers that comes in to talk to our experts are shopping purely for interest rates. Interest rates are important, and it makes sense that Albertans want to get the best one possible. But many of these clients don’t realize that other mortgage benefits and features [...]

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By Source Mortgage on September 7, 2015
in Mortgage Broker Services
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Are you Pre-Approved?

At Source Mortgage we have the privilege of working with a lot of Calgarians old and brand new. We also meet a lot of Canadians hoping to become Calgarians, but who are still searching for the right home. House prices aren’t as high as they were and interest rates are nice and low, so we’ve [...]

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By Source Mortgage on August 4, 2015
in Mortgage Broker Services
The Alberta Housing Market as the second half of 2015 Begins - Source Mortgage - Alberta Housing Market
The Alberta Housing Market as the second half of 2015 Begins

We’re finishing off the first half of 2015, and it’s hard not to feel the economy is in a bit of a slump. Oil and gas hasn’t been doing so well this year and Alberta (and Calgary) just seem to be moving a little slower than usual. At Source Mortgage, we feel the decision to [...]

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By Source Mortgage on July 6, 2015
in Mortgage Broker Services
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Using RRSP’s for a Down Payment

For a long time, Canadians have been able to use their RRSP’s to help them purchase a home. When this home buying program was first introduced, some were skeptical. They didn’t like the idea of borrowing from their future, but with house prices only getting higher, many of the skeptics have changed their mind. The [...]

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By Source Mortgage on June 15, 2015
in Mortgage Broker Services
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Why Pre-Approval is so Important

When talking about pre-approval, it’s important to first point out the difference between being pre-approved and being pre-qualified. Pre-qualified is a much earlier step. It involves giving your bank some basic information and being told how big of a mortgage you’d likely be able to afford and be qualified for. Pre-approval is a much bigger [...]

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By Source Mortgage on June 3, 2015
in Mortgage Broker Services
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Porting Your Mortgage

It might surprise you to learn that a full 70% of first-time homeowners don’t make it to the end of their five-year term before deciding to move. On average, a first-time owner will last about three and half years. You may be wondering how they manage to break their mortgage term without taking on a [...]

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By Source Mortgage on May 19, 2015
in Mortgage Broker Services
All About Reverse Mortgages - Source Mortgage - Mortgage Brokers Alberta
All About Reverse Mortgages

Many Canadians have heard of CHIP or the Canadian Home Income Plan, but most aren’t exactly sure what the program is, how it works, or if it’s a good idea. A reverse mortgage like CHIP is a type of home loan that provides lump or regular payments based on home equity. It’s important to remember [...]

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By Source Mortgage on May 4, 2015
in Mortgage Broker Services
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Variable VS. Fixed Rate

If you’re in the market for a home and looking at your mortgage options, whether to choose a variable or fixed rate has probably been a question you’ve asked yourself a couple hundred times. It makes sense that you would; it’s an important question. We often find that the way a particular person chooses has [...]

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By Source Mortgage on April 21, 2015
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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