the Best Mortgage
For most of today’s consumers, “One Stop
Shopping” is a familiar term, but one that is rarely considered when
it comes to financial services, such as a mortgage. In days gone by,
one-stop financial shopping frequently meant convenience to consumers,
but with very limited options. People would deal with just one
financial institution for all their needs -- including their mortgage.
The down side was you were restricted to the features and rates of the
products of that one bank or trust company.
Limiting your choice of mortgage to one
organization can be a very costly mistake. For most Canadians, your
mortgage loan will be the largest and the longest-term debt you will
ever undertake. The small difference in your interest rate can add up
to thousands of dollars over the course of many years. For example, on
a mortgage loan of $100,000 amortized over 25 years, a difference of
only a quarter percent could easily cost you over $5,000.
Remember, the loan rate is just part of the
picture. Many financial institutions offer other attractive terms and
special incentives. These also have value, and you need a professional
to help you determine what you can afford
and make the choice that’s right for you.
The importance of shopping around for the best
mortgage is evident. However, today’s consumer is time-impoverished.
It’s often difficult to devote the kind of time this process
deserves. Searches for competitive rates are often limited to
contacting two or three banks.
The good news for people in the Calgary real
estate market is I have work with a number of
brokers who can take shopping for the right mortgage to a
whole new level of convenience. Give us a call to find out how to
arrange for quotes from dozens of financial institutions with just one
phone call. It’s never been easier to get the mortgage that’s
right for you. And with your mortgage in place you feel better placed
to checkout the homes for sale in Calgary.
Licensed Real Estate Agent
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2000 - 2010
writing by Steve Kelly or as credited.
Calgary Real Estate consultant Diane Kelly, Discover Real Estate Ltd,