Trusted Lethbridge Mortgage Broker

20 Minute Mortgage Pre-Approvals – Call Now

Lethbridge Mortgage Broker | Mortgage Lethbridge | Lethbridge Mortgage
Lethbridge Mortgage | Lethbridge Mortgage Brokers | Mortgage Renewal Lethbridge | Mortgage Refinance Lethbridge
Whalen Mortgages Lethbridge
Mortgage Broker Lethbridge
Lethbridge Mortgage Broker
Mortgage Lethbridge

Lethbridge First Time Home Buyer Mortgages

Are you buying a home in Lethbridge? Get pre-approved for a mortgage with Whalen Mortgages Lethbridge. Lock in a low rate. Then you can shop with confidence.

The Whalen Mortgages Lethbridge team is your Lethbridge mortgage experts. We’re here to help our clients find the right mortgage product for their situation. Whether you want to buy a property to fix up or cash out equity in your condo to buy a first home, Whalen Mortgages Lethbridge is here to assist you. We give our clients the attention and guidance they need. We’ll help you find the right lender and the right mortgage for your situation.

Do you want to buy a home but don’t have a down payment? We offer flex down mortgage products. Yes, you can buy a Lethbridge home with zero down. We can also help you find an affordable mortgage though you don’t have much money to put down on a Lethbridge home purchase. Whalen Mortgages Lethbridge allows you to achieve your dream of buying your first house.

Whalen Mortgages Lethbridge isn’t a lender. Instead, we are the top mortgage brokers in Lethbridge. We shop your mortgage with a variety of lenders to find the best mortgage rate and mortgage terms available. We work evenings and weekends to serve our clients. Call us today to get started. 587-315-0907.

Lethbridge Mortgage Renewal or Transfer 

Is your Lethbridge mortgage renewal term coming to an end? Don’t make the mistake of signing your current lender’s first offer. And don’t miss this opportunity to shop for a better Lethbridge mortgage rate. A majority of Lethbridge home owners renew their mortgage with their current lender without shopping around, though you can break the mortgage and get a lower interest rate without any penalties at this time. Don’t waste time, either, because you have until the renewal date to find a new mortgage. Start shopping as soon as possible so you can find the best possible rate.

Mortgage renewal is a great time to find a lower interest rate. This is likely if your credit has improved since you bought your home. You could also use this opportunity to refinance the home loan, cashing out equity or making a large payment principle. Or you could select a home loan that doesn’t have a prepayment penalty. You have 120 days to make a decision, if you start shopping as soon as the renewal period begins. Contact Whalen Mortgages Lethbridge, the premier Lethbridge mortgage brokers to get the lowest rate on your mortgage renewal 587-315-0907.

Lethbridge Mortgage Refinance

Do you need to refinance your Lethbridge mortgage? There are many reasons you may need to do this before your mortgage renewal date comes up. You might need to pull out cash to pay for major expenses. Or you may want to refinance or consolidate several loans into a single home equity loan. This will dramatically lower your interest rate. Call Whalen Mortgages Lethbridge before you go for a Lethbridge debt consolidation loan. 587-315-0907.

You can use that money to buy land on which you’ll build your dream home, or you could build a mortgage helper in the basement. Put in a mother-in-law suite you could rent out, and you could help a family member remain independent that much longer while having the option of letting your adult children live with you later on. Learn about your mortgage options before you refinance your Lethbridge home loan.

We offered preferred Lethbridge mortgages and rates from these lenders – and more!

 

 

Lethbridge Mortgage Brokers

We offer mortgages and rates from these Lethbridge lenders and more!

Lethbridge Mortgage Broker : Mortgage Broker Lethbridge
Lethbridge Mortgage Broker : Lethbridge Mortgage
Lethbridge Mortgage Specialist : Mortgage Broker Lethbridge
Lethbridge Mortgage Broker : Mortgage Broker Lethbridge
TermRate
1 Year Fixed1.84%
2 Year Fixed1.84%
3 Year Fixed1.74%
4 Year Fixed1.84%
5 Year Fixed1.59%
10 Year Fixed2.99%
Variable Rate1.55%
LOCK your rate for FREE with our Express 2 Minute Application
Lethbridge Mortgage Brokers

Lethbridge Trusted Mortgage Brokers at Whalen Mortgages Lethbridge. We are proud to be your top Lethbridge mortgage brokers. We say yes when the banks say no!!

If you have bad credit, the banks will often reject you without considering why. We know that many mortgage customers may have poor credit. We can help you shop lenders who have different qualifying criteria. You could qualify for a new home despite bad credit or refinance your current home loan to a lower interest rate. We can help credit coach you to get you approved on your new Lethbridge mortgage with our expertise we can have you owning your own home or refinancing your mortgage in a few months!

Are you tired of waiting for the banks to approve your mortgage loans? Are they demanding excess documentation because you’re self-employed? We can help you get approved to buy your new home. And we’ll shop our stable of lenders to find the best possible interest rates and mortgage terms. Our team of trusted mortgage broker professionals can help you find a mortgage, even if you want to buy an apartment above your shop or build a workshop on your property.

Renting in Lethbridge is an expensive proposition. Suppose you buy a home worth three hundred thousand dollars. It would come with a roughly 1,250 dollars a month house payment. But unlike renting the property, part of the money pays down the mortgage balance. You’re building equity. Eventually, you’ll have paid off the mortgage balance. Then you own the home free and clear. No more house payment. This frees up significant cash flow every month or lets you live on less, often just in time for retirement. You’re missing out on this if you choose to rent instead of buying a home. And you could probably qualify to buy a home for the same amount you’re spending on rent today.

Ask the Whalen Mortgages Lethbridge team how we can make your dream of home ownership come true. Call us at 587-315-0907. We have the best mortgage rates in Lethbridge.

Note that some Lethbridge lenders advertise low rates. However, they make up for it in high penalties. For example, they may charge you a 20K penalty instead of a 4K penalty if you break your mortgage early. We believe in transparency and will explain all the lenders and mortgage products and let you pick the right mortgage for your needs.

What can you do if you have an adjustable rate mortgage? While today’s mortgage rates are low, rates may go up. We can help you refinance to a fixed rate mortgage at today’s low interest rates. Or you can benefit from today’s low interest rates and gain a measure of stability with Whalen Mortgages Lethbridge’ hybrid mortgage products. The Whalen Mortgage Lethbridge team takes the time to explain the mortgage products we offer and allows you to select the one that is right for you. We won’t push a product because it results in a higher commission for our staff. We explain all of the restrictions on every mortgage loan product we offer. This is why Whalen Mortgages Lethbridge is known for its excellent customer service.

 

 

The Lethbridge Mortgage Process

 

The mortgage process for Lethbridge homebuyers starts with pre-approval. You want to be pre-approved so that your offer on a home doesn’t fall through, because banks won’t lend you that much money. You’ll also close on the home faster, since lenders have already pre-approved you. A side benefit to being pre-approved is being able to show home sellers that you’re serious. After all, you went to the effort of being pre-approved for a mortgage. This will help them want to accept your offer oppose to another offer who may not have been pre-approved. Let us help set you up for success and get your new mortgage approved as quickly as possible so you can focus on the packing to move into your new home!

Lethbridge Mortgage Brokers

What Are the Benefits of Working with a Lethbridge Mortgage Broker?

 

Why should you work with a Lethbridge mortgage broker?  We are familiar with the Lethbridge real estate market. More importantly, we can connect you with local lenders as well as the big banks. This may result in better mortgage rate and terms than if we just ran your loan application past a few banks in Calgary. Our lenders are all familiar with the market in Lethbridge and comfortable lending in the area. We’re also familiar with the housing programs offered by local employers. You don’t have to fill out an additional pound of paperwork to explain how you can afford a new home in Lethbridge. We understand how a mortgage subsidy or living allowance would be entered on a mortgage application. Furthermore, we understand how shift differentials, built-in overtime, and driving allowances affect your reported income. This will simplify the Lethbridge home buying process and dramatically increase your odds for approval. Whalen Mortgages Lethbridge will ensure that you get approved for the Lethbridge home you want.

Whalen Mortgages Lethbridge can support mortgage customers in and around Lethbridge. Call Whalen Mortgages Lethbridge if you want to buy a home in Coalhurst, Kipp or Coaldale. Consult with us if you want to buy a rural property in Picture Butte or Iron Springs. Or allow us to help you afford your dream home in West Lethbridge. In fact, Whalen Mortgages Lethbridge can do mortgages anywhere in Canada. We can do mortgages in any province. And we can help you if you’re needing your mortgage for a new home elsewhere in Canada.

Another reason to work with a Lethbridge mortgage broker is our network of local industry professionals. We can refer you to Lethbridge real estate agents, home inspectors and renovators as well as local lenders.

Lethbridge Trusted Mortgage Broker at Whalen Mortgages Lethbridge

Mortgage Broker Lethbridge | Mortgage Lethbridge | Mortgage Refinance Lethbridge

Start with a pre-approval. Continue with looking at homes with confidence. Then once you find the perfect home we seamlessly get your mortgage on the perfect Lethbridge home approved.

Lethbridge Mortgage Broker | Lethbridge Mortgage | Top Mortgage Brokers Lethbridge | Mortgage Refinance Lethbridge
Mortgage Renewal Lethbridge | Mortgage Refinance Lethbridge | Mortgage Brokers Lethbridge | Mortgage Lethbridge
Mortgage Lethbridge | Mortgage Broker Lethbridge | Mortgage Specialist Lethbridge | Mortgage Refinance Lethbridge
Lethbridge Mortgage Broker | Mortgage Broker Lethbridge | Lethbridge Mortgage | Mortgage Lethbridge
Lethbridge Mortgage Brokers

Does Whalen Mortgages Lethbridge Work with Lenders who Support Housing Programs and Incentives?

 

Yes. The mortgage brokers at Whalen Mortgages Lethbridge understand the different employment incentives offered by Lethbridge employers. We know that many Lethbridge employers offer down payments, living out allowances and mortgage subsidies to help their employees put down roots in Lethbridge. The mortgage application process is complicated by the various types of income Lethbridge employers provide.  If you work in the oil fields, you could get everything from performance bonuses to shift differentials, built-in overtime to driving allowances. Underwriters may see your base pay and reject your mortgage application, not realizing that you may earn up to twice that much. This is where working with a local Lethbridge mortgage broker can make or break your mortgage application.

 

                               

Are There 0% Down Mortgages?

 

There are no longer zero percent down mortgages. However, there are other mortgage products that allow you to buy a house when you don’t have money in your pocket. For example, you could use a home equity line of credit to fund the down payment or port the current mortgage. Another option is having a family member gift the down payment. If your employer offers mortgage assistance, they may give you the money that serves as the down payment on your new home. We have lenders who allow you to borrow the down payment in the form of a loan or an unsecured line of credit called a flex down mortgage. Consult with a Lethbridge mortgage expert to understand your options. 587-315-0907.

 

What Assistance Is Available to First Time Home Buyers?

 

If you are a first time homebuyer in Lethbridge, Canadian law allows you to access your RRSP for a down payment. And the withdrawal isn’t taxed. Your RRSP investor can tell you how to do this.

What if you sold your first home before moving to Lethbridge? You might be able to take advantage of the benefit again. This is contingent on selling the home and paying back the RRSP. If you haven’t owned a home for at least three years since repaying the RRSP, you can tap the funds yet again for a down payment. The RRSP first time home buyer funds are not taxed if you haven’t owned a home within the last four years. The government also has a first time home buyer program with restrictions to get approved that allows 5% of the down payment to be matched by the government if you have the initial 5% saved yourself or on new builds up to 10% in a shared equity program.

Lethbridge Mortgage Brokers

If I Already Own a Home, How Large Does the Down Payment Need to Be?

 

If the property will be a primary residence for you or another family member, the down payment must be at least five percent.  We can also help you buy investment property or rental with 20% down payment as required by governing policies or a vacation home with 10% down payment. We can even find mortgage lenders to let you finance the purchase of raw land on which you’ll eventually build your dream home. The down payment for land loans are anywhere from 25% to 35% depending on the marketability of the location.

What Are My Mortgage Options If I Want to Turn a House into a Rental Property?

You can turn your current home into a rental property. The rental income will pay the mortgage. And we can help you roll that equity into a new home. We can do a rental offset to wash away the mortgage payments allowing you to qualify for the new home and price point you want.  Your new primary residence can be purchased with just five percent down.

We could also increase the profit margin on the property be refinancing the current mortgage. Lock in a low fixed rate mortgage, or refinance the mortgage when the loan comes up for renewal. Consult with our Lethbridge mortgage brokers to learn what options are available to you.

What Are the Rules for Buying Rental Real Estate?

 

If you’re buying property to rent, the minimum down payment is 20%. Anything less than this will not be insured by the government. Furthermore, the government only works with first and second home purchases, not real estate investors. Contact Whalen Mortgages Lethbridge today to discuss 587-315-0907. We are one of the top Lethbridge mortgage brokers and have extensive experience supporting real estate investors.

 

What Are the Rules for Buying a Second Home?

 

Vacation homes can be purchased for as little as ten percent down. If you will be moving into the property soon, you could put as little as five percent down. If a family member is moving into the property, you can pay as little as five percent.

Lethbridge Mortgage Broker

If I Already Own a Home, How Large Does the Down Payment Need to Be?

If the property will be a primary residence for you or another family member, the down payment must be at least five percent.  We can also help you buy investment property or rental with 20% down payment as required by governing policies or a vacation home with 10% down payment. We can even find mortgage lenders to let you finance the purchase of raw land on which you’ll eventually build your dream home. The down payment for land loans are anywhere from 25% to 35% depending on the marketability of the location.

What Are My Mortgage Options If I Want to Turn a House into a Rental Property?

You can turn your current home into a rental property. The rental income will pay the mortgage. And we can help you roll that equity into a new home. We can do a rental offset to wash away the mortgage payments allowing you to qualify for the new home and price point you want.  Your new primary residence can be purchased with just five percent down. 

We could also increase the profit margin on the property be refinancing the current mortgage. Lock in a low fixed rate mortgage, or refinance the mortgage when the loan comes up for renewal. Consult with our Lethbridge mortgage brokers to learn what options are available to you.

What Are the Rules for Buying Rental Real Estate?

 If you’re buying property to rent, the minimum down payment is 20%. Anything less than this will not be insured by the government. Furthermore, the government only works with first and second home purchases, not real estate investors. Contact Whalen Mortgages Lethbridge today to discuss 587-315-0907. We are one of the top Lethbridge mortgage brokers and have extensive experience supporting real estate investors. 

  What Are the Rules for Buying a Second Home?

Vacation homes can be purchased for as little as ten percent down. If you will be moving into the property soon, you could put as little as five percent down. If a family member is moving into the property, you can pay as little as five percent.

Lethbridge Mortgage Broker : Lethbridge Mortgage

Why Should I Use a Lethbridge Mortgage Broker?

 

Why should you use a mortgage broker in Lethbridge like Whalen Mortgages Lethbridge? First, we work for our clients, not the bank. We can only succeed when our customers are happy with our level of service. That’s why we will respond and be available on weekends or after work instead of forcing you to be restricted during office hours. Second, we find the best mortgage for you, and we can search the available options with many different lenders in Lethbridge. This is why we often see clients the big banks reject. They may have bad credit. It might be due to a bad divorce or business failure. Life happens our job is to explain this to the lender and mitigate the risks and explain how you are now in a better situation ready to purchase a home. Others want to buy non-traditional properties that big banks won’t finance. For example, large lenders rarely fund the purchase of a rural property, a working farm, or a hybrid commercial-residential property. They’re reluctant to fund anything other than a suburban single family home, an urban condo or a vacation property in a popular area.

Note that we don’t just serve Lethbridge mortgage customers. We can serve anyone, anywhere in Canada. Use our free mortgage calculator to see how much we could save you. Let us help you achieve your dream of owning your own home.

Are you buying a home in Grande Prairie, Red Deer, Medicine or Fort McMurray? We have a team of mortgage brokers in Grande Prairie click here to see your options and a team of mortgage brokers in Fort McMurray, click here to see your options. Our mortgage brokers are local to the area and can get you the lowest mortgage rates. If your buying in Red deer click here. Medicine Hat purchase click here.

 

 

Lethbridge Mortgage Brokers
Mortgage Broker Lethbridge | Lethbridge Mortgage | Lethbridge Mortgage Brokers | Mortgage Loan Lethbridge

Raving Client Reviews

Buying our new home with Whalen Mortgages Lethbridge was amazingly fast and easy!

Micheal Traver

Working with the team at Whalen Mortgages Lethbridge was so easy and they got us approved very quick with a super low mortgage rate. After waiting weeks on the banks I will only use Whalen Mortgages Lethbridge.

Mellissia Merker

The most amazing team and they work such long hours they are always there anytime we called even if it was 9 pm. They were very on top on the required documents which allowed our new home mortgage financing to be complete within 3 days. Thanks so much for all you have done Whalen Mortgages Lethbridge team. Chat in 5 years when our mortgage is up for renewal.

 

Many Middelson