An Alberta Mortgage Broker Just a Click Away
If you are looking for a new mortgage you have 3 choices: You can trust your branch to give you their best rate; you can fill out applications at all the banks in town to see who is offering what rates; or you can talk to an Alberta mortgage broker here at RateDeals.ca.
Our Alberta home loan specialists have access to over 50 different lenders offering us their best wholesale mortgage rates daily which we in turn pass on to our clients. Mortgage brokers in Alberta presently arrange almost 30% of the new mortgages in the province and that number is only going to go up as more and more clients realize the benefits of using a broker!
Our mortgage professionals are licensed experts in the area of home loan financing. All fees to use a broker are paid by the lender where the mortgage is placed, meaning our services and expertise are completely free to the client.
Why Use a Mortgage Broker in Alberta?
- find our clients the best mortgage rates in Alberta, even for our rural clients
- tailor the terms of a mortgage to fit your specific situation
- coordinate between the lender and lawyer so you don’t have to
- try to get you approved when your bank says ‘no’
- treat you like a client, not a number
- work around your schedule
- we work throughout the Edmonton area, Sherwood Park, St. Albert, Camrose, Leduc, Fort Saskatchewan or pretty much anywhere in Northern and rural Alberta we can help
The benefits to using RateDeals.ca are obvious, we work for you not the bank. This allows us to be unbiased and find you the best mortgage regardless of which lender its through. The down sides to using your branch are just as obvious, your banker works for the bank; his job is to increase their profits.
What Our Home Loan Experts Can Do For You
A big part of our business is dealing with first time buyers. According to the CMHC consumer survey, 43% of first time buyers use a mortgage broker to finance their first purchase. Unlike their parents who dealt with their bank for years and are less likely to go anywhere else, new buyers today are more concerned with their bottom dollar.
Subprime and private financing, for clients who were to turned down by their bank, are also a bit part of what we do. The banks only offer prime lending options, unlike brokers who can handle most types of mortgage financing. Some people are not fans of this type of lending product, however if you have ever been in a position where you need, you can understand their importance. If you need to access equity in your home, and you aren’t able to, your options can be selling or foreclosure.
Possibly the most important part of dealing with a broker, is the honest, unbiased advice you simply cannot get from your bank. If there are flaws or issues with a banks mortgage product, they will not tell you. They will not warn you of possible pitfalls down the road. They will not tell you if their rates are not as competitive as their competition. This is what we mean when we say, your banker works for the bank.
Why Using a Mortgage Broker in Rural Alberta is so Important
One thing many clients in the rural or remote parts of the province do not realize is how much more they pay for financial products at their bank. There is less competition and more of a ‘relationship’ between clients and their banks. In many cases these bankers are friends and neighbors. It’s great having this relationship, however it often stops clients for questioning the rate or shopping around.
By applying online with RateDeals.ca, you gain access to all the best interest rates and products available to those in the urban centers. Why do you want to pay a premium to deal with your bank? We will arrange for you a better mortgage, at better rates with the expert advice you can only get from an Alberta mortgage broker.
Regardless of where you are in the province (or BC), make sure you talk to an Alberta mortgage broker before signing with your bank, you will be glad you did!
PS Did we mention no lineups?