With the threat of looming interest rate hikes, here are a few tips to save potentially thousands of dollars on your Red Deer mortgage.   Shop around for a deal, and not just on the interest rate Many people shop around for the lowest interest rate, but they ignore...

Red Deer renters are much more likely to qualify for a new home loan than they think they are. A large number of clients of Red Deer mortgage brokers say they wish they’d talked to us sooner because they learn that they could have bought their dream home years ago....

Most home sellers start listing their homes in the spring. They think the thawing weather will bring out the home buyers and help them sell their home. Yet there are benefits to listing your Red Deer home this winter.   Motivated Buyers   Do you know who slogs through...

Tighter mortgage rules and higher mortgage prices, especially in overheated markets like Toronto and Vancouver, have made it difficult for people to buy a home on their own. This can be true even if you have good credit and pay. For example, if your debt to income...

While you can shop for the lowest mortgage rates in Alberta, that is only one factor to consider when buying a home. Whalen Mortgages wants to provide Red Deer home buyers an overview of the home buying process itself.  Step 1: Selecting a Mortgage Provider   Red Deer...

The Bank of Canada uses a stress test to limit mortgages to those they think will be able to afford the home if interest rates went up or their incomes dropped. The five year benchmark rate used in the mortgage stress test is calculated by the Bank of Canada. It is...