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Mortgage Broker In Edmonton: Knowing Mortgage Points and When You Should Pay Them

First of all, what are points? Borrowers pay points to a bank when a loan is settled. A point represents 1% of the face value of the loan. In other words, if you are required to pay 1 point, you would have to pay $1,000 on a $100,000 loan. You can ask more information to mortgage broker in edmonton.Lenders use these upfront payments to lower the long term cost of the mortgage. Each lender has its own…See More

Blog post by theopett May 27, 2010

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Is It a Good Idea to Prepay Your Alberta Mortgage Rates?

The federal tax rebate was a big boon to a lot of families who used it to pay off debt, buy much needed but unaffordable items, or just sock it away for a rainy day. If you still haven't decided what to do with this refund, or any other windfall you may come into, such as a bonus, consider the advantages of prepaying your alberta mortgage rates.Using any excess money to pay off your mortgage will lower the…See More

Blog post by theopett Apr 17, 2010

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theopett created theopett tips Apr 17, 2010

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Mortgage Broker In Edmonton: Knowing Mortgage Points and When You Should Pay Them

Lenders use these upfront payments to lower the long term cost of the…

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Posted by theopett on May 27, 2010 at 1:54am

Is It a Good Idea to Prepay Your Alberta Mortgage Rates?

The federal tax rebate was a big boon to a lot of families who used it to pay off debt, buy much needed but unaffordable items, or just sock it away for a rainy day. If you still haven't decided what to do with this refund, or any other windfall you may come into, such as a bonus, consider the advantages of prepaying your alberta mortgage rates.

Using any excess money to pay off your mortgage will… Continue

Posted by theopett on April 17, 2010 at 5:55am