Mortgage Brokerage 101
Why Work With A Mortgage Broker
How A Mortgage Broker Helps You Get Into A New Home
You may be asking yourself, “Why do I need a mortgage broker?” Our job as mortgage brokers is to help make your home buying experience as easy and affordable as possible. This is made possible through our dealings with a variety of lending institutions. Our position as mortgage brokers for all Calgary housing gives you the ability to enter a bidding environment where lenders compete for your business.
The great thing about our services is that we provide you more choices, which means you get more competitive rates for your mortgage. Also, since we are independent mortgage brokers, we are not tied to any one lender or range of products. Our goal is to assist you in successfully financing your home or property.
Let us help you through the Calgary housing market so that you can find your new home.
More choices means more competitive rates
Independent advice on your financial options
No cost to you
Access to special deals and add-ons
Quick and efficient
Ongoing support and consultation
Your Credit Score
Why You Need To Keep Your Credit Score & Credit History In Good Standing
Your credit score is a summary of most of the types of credits you used and whether you have made your payments on time. Any mortgage brokerage you work will need to know about your credit history and look at your credit score as part of the homebuying process.
The types of credits that can impact your credit score include credit cards, loans, and financing plans. Your credit history is usually based on the information that is sent to the two credit-reporting agencies in Canada, which are Equifax and TransUnion. When you request a loan, the lenders will usually check your credit history with these agencies, which are also referred to as credit bureaus.
Consistent upkeep of your credit score is important when it comes to getting loans. You can build good credit history by consistently making payments on your credit cards and other loans on time. Without a credit history, or if you have a bad credit history, it’ll be more difficult to borrow money, especially for large amounts like a home mortgage.
Here are some of the things you can find on your credit score:
How long you’ve had credit and your payment history
Your outstanding debts and types of credit you're using
Number of recent inquiries about your credit history
Any records of bankruptcy or your debts being sent to a collection agency
Our Mortgage Brokerage Team
The Mortgage Group Calgary Guarantees Excellence
Hear what our customers have to say about our services
A True Professional
“We had the pleasure of having Shelly walk us through the process of getting a mortgage for our rural property. It seems that rural mortgages are slightly different than urban and Shelly was fantastic in helping us navigate through the details. She was always prompt to respond to our needs and very flexible to work with. She was a true professional and we enjoyed working with her immensely.”
Ronya Bollhorn Homeowner
Always A Great Experience
“This is my third time dealing with Tracey Morrison of the mortgage group and each time I’ve been very happy with the work she has done on my behalf. She takes the stress out of the whole process, answers easy and difficult questions with the same thoroughness and patience and make sure any issues are addressed promptly. I would certainly have her take care of my mortgage needs in the future.
Lori Fyfle Homeowner
Knowledgeable & Understanding
“Applying for a mortgage, especially for the first time, was a very good experience with Tracey. She took the time to help understand the process whenever we had a question, and was understanding and as accommodating as possible when we had concerns. I definitely will recommend her to others looking for a mortgage, and when the time comes for us to revisit ours.