Calgary Mortgages For Individual Situations
Posted: Dec 15, 2013
It used to be that home mortgage loan types were few, fairly simple and straightforward. In today's home buying market there's now a wide variety of these products available to serve just about any buyer's specific needs. Because of this, Calgarians searching for the best options regarding Calgary mortgages would be well advised to avail themselves of the services provided by a professional mortgage planner such as those at Mortgages By Candice. Not only are the services provided typically cost-free to the customer, since fees are usually paid by the lender, the savings realized through obtaining a home mortgage with the very best rates and most flexible options available can be substantial.
Specialty-Type Calgary Mortgages
In addition to conventional-type Calgary mortgages such as fixed rate and adjustable loan products, the types used by most home buyers, there are many others available that fall into the category known as "specialty mortgages." These include, but are not limited to, loans specifically designed to fulfill the needs of the following:
- Business owners/self-employed
- Poor (or damaged) credit
- Long amortization
- Vacation property
- Investment property
- Construction loans
- Interest-only loans
- Home equity/line of credit
- Private loans
In addition to this long list of available options, home buyers have access to additional Calgary mortgages for specific situations such as debt consolidation loans, commercial mortgages, reverse mortgages and mortgage loans for purchase plus improvements. With this vast array of mortgage loan products currently available, the process of securing the best option can be both confusing and time consuming. This is why utilizing the services of a professional Calgary mortgages specialist such as Candice Light becomes so important.
With access to multiple lending sources and experience with all the ins-and-outs of the home mortgage process, it makes sense to have a dedicated, impartial advisor to help understand how the many conditions, terms and rates can substantially affect the long-term cost of buying a home. Obtaining the most attractive monthly payments and maintaining financial flexibility are just two pieces of the mortgage process puzzle. What may seem mysterious and intimidating when being handled alone can be made transparent and easily understood when being approached with the assistance of a dedicated, experienced and hard-working professional mortgage planner.
All Calgary Mortgages Are Not What They Seem
The fine-print in any contract is often ignored or misunderstood by consumers and, with something as important as a mortgage loan contract, the fine-print details can often be difficult to read clearly without experience in this area. Interest-only mortgage loans are a good example. The term "interest-only" may be somewhat misleading at first glance since they're not really interest-only at all. These types of loans typically contain an option for the borrower to make an interest-only payment, but this condition is regulated and lasts only for a specified time period.
For your own safety and security, why not use the services of a trusted, unbiased professional? Mortgages By Candice has long been helping Calgary-area residents secure the lowest-rate, most appropriate home loans and we can help you too. Contact us here to get started.