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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
Refinancing Once You Own Your Own Home - Source Mortgage - Mortgage brokers Alberta
Refinancing Once You Own Your Own Home

If you’ve spent years diligently paying off your mortgage, it’s finally time for all the work and money to be worth it. Once you own your home (and even before) you are able to use the equity you’ve earned to buy a second home, pay off debts, renovate or even purchase an investment property. Generally, [...]

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By Source Mortgage on April 7, 2015
in Mortgage Broker Services
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Using RRSPs for a Downpayment

Did you know that the Canadian government allows first time home buyers to use some of their RRSPs towards their home? It’s true! The Home Buyer’s Plan (HBP) allows first time buyers to take $25 000 out of the RRSPs; a couple can take out $50 000 in total. While $50 000 may not go [...]

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By Source Mortgage on March 23, 2015
in Mortgage Broker Services
What are the Options When Choosing a Mortgage? - Source Mortgage - Mortgage Experts Calgary
What are the Options When Choosing a Mortgage?

Did you know that when it comes to buying your home and choosing your mortgage, there are many options available to Canadians? For those who are buying a second property (and keeping the first) there are even more great choices! Conventional mortgages will always be popular, but Home Equity Line of Credit (HELOC) and blended [...]

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By Source Mortgage on March 10, 2015
in Mortgage Broker Services
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All About Mortgage Default Insurance

If you’re a first time homebuyer and haven’t managed to save a full 20% down payment, it’s likely that your bank or mortgage broker will suggest moving forward with Mortgage Default Insurance. You may have even come across the term before heading out to your financial institute if you like to do a bit of [...]

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By Source Mortgage on February 18, 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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