Edmonton, The Market Summary, Local Mortgage Brokers, & Process

The Market Summary

The Market Summary

As of August 2010 statistics shows that the Edmonton real estate markets home Prices have fallen 5% percent from their peak prices in March of 2010. So, it is definitely still a buyers market in Edmonton.

Of all the markets in Canada Edmonton is recorded as one of the more affordable places to live.

The Process Of Getting A Mortgage

Mortgage processes can be confusing and stressful. If you have not done your homework prior to getting a home loan, you should. It can be even more frustrating to end up filling out endless forms and satisfying documents requests and to still have to wait for an approval.

Finding Edmonton mortgage brokers that fit your needs is the first step to take. Even though a low interest rate might be a life saver for one person, a low down payment might be critical for another. There are several deciding factors to take into account including your credit score, the length of the loan and so on, so on.

Here is a bit of advice, I highly urge and suggest that you dont apply with an Edmonton mortgage broker with the bank where you have a checking account currently. By them knowing that this is your first home loan, you are going to more than likely get a not so favorable deal. So look around or use another Edmonton mortgage broker who works for a bank you don't bank with.

by: Abbie Smith

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