Advise on best mortgage broker!

[pretty]

Hey all,

I was planning to buy a new home. It's my husband's birthday next month and I thought of surprising him by gifting him a new home. We have been living in a rented house for more than 5 years and now I'm in a position to buy a new home. Earlier we were facing from financial problem and my husband too had no job and we were not in a stage to buy a new home. My husband always used to say when will be the time we can own a new home. And his birthday is the best time I could give him with a huge surprise by gifting a new home. I was searching for the best mortgage broker and I don't have any idea on how I can choose the best of the mortgage broker. Searched online about how I can select the best broker and found and read a blog from Albertamortgage and this blog had ways on how we can choose the best mortgage broker. But still if anyone knows any mortgage broker please help. Any advise would be a great help. Thanks in advance.

 

[kfort]

I use Garth at Jencor. He's honest and actually gives a crap which is nice.

That said, I sure hope you've thought about this thoroughly.

 

[Thomas Beyer]

Garth is good, Dan Heon (Edmonton) is good, Randy Jamieson (Calgary) is good, Peter Kinch & Vine Group Team in Vancouver is good. Some other mortgage brokers blog here.

 

[Vine Group]

I encourage you to reach out to Vine Group. We are REIN Canada's trusted mortgage experts. We can be reached by email at [email protected] or by calling 1.844.411.Vine.

Best Regards,

 

[Matt Crowley]

David Niven from Dominion Mortgage Lenders has been excellent for me.

Email: [email protected]
Tel: 780-436-2511

I've tried a few of the mortgage-broker stage personalities from REIN... never again.

 

[pretty]

Has anyone heard of this http://www.albertamortgagecentre.com/products/first-time-home-buyer-edmonton/. They are pretty near to where I stay. If anyone have any experienced please do share your view point.

 

[Cory Sperle]

A very thoughtful and generous gift, and also smart to buy in a down market and start building equity (depending on where you live). I would first speak to the mortgage people at the bank you currently deal with for their opinion. If this is your first purchase there are options available to you such as using RRSP's for your down payment, etc. You can also get some guidelines on getting pre-qualified and what you are able to buy before you start searching.

 

[Matt Crowley]

^ Yes.

For an excellent rent vs. buy analysis check out this analysis from NY Times: http://www.nytimes.com/interactive/...moduleDetail=undefined&pgtype=Multimedia&_r=0

(make sure you scroll down the whole page, as there is lots of useful information worth reviewing)

Remember that if you buy a home with 5% down that you will be underwater for the first 5 years in a flat market. That means, after your 3.6% CMHC fees, Realtor, appraisor and closing costs you will break even on the initial cash you put into buying the home, after you consider the principal pay down.