The "NO FEE REFINANCE": save between $1,000-$2,000 and still get the best rates!

Canadian homeowners looking to use the equity trapped in their homes now have an excellent, cost effective option. Alberta Mortgage is proud to be able to offer the new "No Fee Refinance" mortgage product to Albertan home owners, which is a program specially designed to reduce the cost(s) of refinancing a home.

In particular, this new program has been designed to eliminate the cost of: a lawyer, an appraisal, transfer fees and title registration at the time of refinance, saving homeowners anywhere from $1,000.00-$2,000.00 at the time of refinancing their home. The best part about this program, is that borrowers still get the best available mortgage interest rates on any available mortgage term!

At a time when money is tight, Alberta Mortgage is proud to be able to offer home owners yet another money saving home financing solution. Take into account the fact that mortgage interest rates remain well below historical averages, and homeowners can be looking at significant savings by simply by replacing their existing home mortgages and securing a historically low mortgage interest rate for the next 5 years. In combination, a terrific interest rate and the "No Fee Refinance" could save you thousands. Take it a step further, and home owners can save even more.

By consolidating their consumer debt (credit cards, car loans, personal loans) into their mortgages, homeowners can maximize their savings. Learn more about debt consolidation mortgages here.

To learn more about this amazing money saving mortgage financing solution, contact one of the qualified mortgage professionals at Alberta Mortgage at 780-479-2222 or visit www.albertamortgagecentre.com today.

Indications are that fixed rates may be on the rise...

It appears that fixed mortgage interest rates may be getting ready to move again --but upwards this time. As discussed in a previous blog here, fixed mortgage interest rates are tied to the Canadian Bond market --as compared to variable rate mortgages, which move with the Bank of Canada's key overnight lending rate.

With recent recovery in the bond market and stronger than expected real estate activity, some lenders have already begun raising their five year fixed rates. If you were waiting for the bottom to refinance, it is possible that you missed it. Still, mortgage lending rates are well below historical averages and still offer a tremendous opportunity for existing home owners to reduce their living expense, and to help potential home owners qualify for the purchase of a home.

If you want to learn more about fixed mortgage interest rates, or would like to get pre-qualified or discuss the possibility of refinancing, call one of the qualified mortgage professionals at Alberta Mortgage at 780-479-2222 or visit www.albertamortgagecentre.com.