Canadian Real Estate/mortgages

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Expert: Cinzia Dalgarno - 6/25/2009


Question
I'm going to be moving to Alberta in September on a company transfer. I'm hoping to buy something, rather than rent. When and how do I go about getting a mortgage? Should I wait until I get there?

Answer
Hi Mary. You should start researching your mortgage options as soon as possible. Most lenders offer a 90 to 120 day rate guarantee, and rates on fixed rate terms have gone up at least 3 times in the past few weeks...so for example, had you obtained a mortgage preapproval on May 30th, you might have been able to get 3.74% on a 5yr fixed rate mortgage (depending on the application, of course); now, for the same term, same application, you're looking at anywhere from 4.09 to 4.49%.
Your first order of business should be to find a reputable mortgage broker; ask questions - how long have they been in the industry, do they have references, do they charge fees above and beyond what the banks charge, do they have a website, etc.
Once you find one you feel is sincere and good at what they do, give them your application, let them know what you are looking for, and let them do the rest!

Hope this has been helpful to you,
Warm regards,
Cinzia
mortgagebycinzia@gmail.com

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Cinzia Dalgarno

Expertise

I can provide information and assistance on all aspects of obtaining a mortgage in Canada. I can clarify the requirements for both resident and non-resident borrowers, and address virtually any question or concern regarding financing your purchase of a Canadian property. I have access to a wide variety of lenders, and will obtain the mortgage product that best suits your needs. My considerable experience, coupled with an extensive network of industry professionals will serve to make buying a home in Canada a simpler and more comfortable experience. mortgagebycinzia@gmail.com;

Experience

During my 26 years in the mortgage industry I have gathered a wide range of business contacts; from A-level banks to private lenders, realtors, lawyers and notaries, and am very familiar with the numerous products offered. An extensive understanding of Canadian lending practices has shown me the importance of having an Accredited Mortgage Professional working for you.

Organizations
Member of CAAMP; Member of MBABC

Education/Credentials
A.I.C.B. (Associate Degree, Institute of Canadian Bankers); AMP (Accredited Mortgage Professional)

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