Calgary Mortgage Blog
By Mortgages for Less

Low Rates Mean It’s Time To Refinance
The overnight rate has been 1.75% since October and on Wednesday the Bank of Canada announced that it will remain unchanged. Speculators suggest that this will be the case for most of the rest of this year if not part of next year as well. What this means for your...

The Pre-Approval
When you start your journey to buy your first home you'll notice there is a lot of information on how to do it. You might feel a little overwhelmed and not sure where to start. Take it from us; the first step is a pre-approval. What is it? A mortgage pre-approval is...
CMHC to Give First-Time Buyers 5-10% Down
The Federal election is coming up this fall which means the office in power has released its proposed 2019 budget. It includes several bits of bait to encourage re-election, including two incentives for first-time home buyers. The first lure is a change to the...

Understanding Credit Card Debt
Ever wonder why one month you get your credit card statement and your interest charges are surprisingly low, and the next month they're higher than you expected? There's a reason for that. When do you pay interest When you make a charge on your credit card you have 21...

How much down payment do you really need?
How much do you need for a down payment on a house? For a long time it was common for housing professionals to suggest buyers plan to provide 20% down. But in the current economic climate it is far more common for buyers to provide 5% down. Some financial experts will...

Bank of Canada Stands Pat
When the Bank of Canada (BoC) announced in 2017 that they were embarking on an upward trend on interest rates, there was some concern from consumers. The BoC insisted it would be necessary in order to keep inflation in check, but many in the finance industry...

Trying to Float On Troubled Water
Back near the end of 2017 the Office of the Superintendant of Financial Instituions (or OSFI if you'd like to get to the point) introduced a mortgage stress test. And ever since, it's been near impossible for many in the market to get approval to buy a residential...

Busted! Don’t Believe These Mortgage Myths!
Buying a home is probably the single most expensive purchase a person will make during his or her lifetime. However, not understanding the various facets of your mortgage options or the buying process could wind up costing you dearly if you aren’t careful.

What Our Customers are Saying About Us
At Mortgages For Less, we’re proud of the work that we do. But, instead of telling you why our customers love us, we’ll let them do the talking! Here’s what some of our customers are saying about us lately

Does Your Mortgage Broker Posses These Five Key Traits?
The mortgage market is incredibly competitive, and it can be hard to understand what products are available, which terms are right for you, and where to get the best deal. Hiring a mortgage broker to guide you through the entire process can help you make sense of all the options available and advise you on which mortgage suits your needs.