Calgary Alberta Home Loan

Finance Information

How much home can you afford? Use our finance center to learn about your loan options below. There are several loan programs available, and depending on your credit history, there is bound to be one that is perfect for you. Here are a few examples of the most popular programs offered today:

Zero Down Loans
Coming up with the necessary down payment for a home loan can be a big hurdle for many would-be home buyers. Fortunately, there are options available including loans that require no money down. These loans generally carry a higher interest rate, but even so, these loans can be very affordable when you factor in today's overall rates.

 

No Income Verification Loans
For self-employed buyers and others who have a difficult time documenting income history, this loan may be for you. Programs exist for up to 100% financing. These loans carry a slightly higher interest rate, but generally speaking, the more information you can document, the lower the interest rate.  It is one of the easiest programs for many buyers today!

 

 

Adjustable Rate Loans
With a fixed-rate mortgage, the interest rate stays the same for the life of the loan. But with an Variable Rate Mortgage (VRM), the interest rate changes periodically, and is typically tied to an index, and payments go up or down accordingly. Generally speaking, lenders charge a lower initial interest rate for the VRM than for the fixed rate mortgage. If you are expecting interest rates to decrease in the future, or if you are trying to maximize your purchase power today knowing your income will rise in the future, then this loan may be right for you. Also used when you only expect to be in the home a short time.

 

Find The Ideal Loan for YOU!
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Contact Information

Photo of Marvin Nygaard and Associates Real Estate
Marvin Nygaard and Associates
RE/MAX REALTY PROFESSIONALS
#10, 6020 - 1A St SW
Calgary AB T2H 0G3
Cell: 403-650-7171