Our Blog

Owning a home is a major milestone, and the thought of being mortgage-free is a dream many homeowners share. While most mortgages follow a standard 25-year repayment schedule, there are several strategies you can use to pay off your mortgage sooner—saving you thousands in interest and providing financial freedom faster. If […]

Refinancing your mortgage can be a strategic financial decision that not only lowers your monthly payments but also saves you money over the long term. Whether you’re looking to take advantage of lower interest rates, change the term of your loan, or even tap into your home’s equity, understanding the refinancing […]

Buying a home is one of the biggest financial decisions you’ll make, and saving for a down payment is a critical first step. For residents of Lethbridge, understanding how much you should save depends on factors like the type of mortgage, property prices, and your financial goals. In this guide, we’ll […]

The Mortgage Centre has been a cornerstone of the Lethbridge community since 1991, offering unparalleled mortgage broker services tailored to the unique needs of its clients. Their team of licensed professionals provides unbiased advice, negotiating with over 20 banks and trust companies to secure the most favorable mortgage terms. This extensive […]

Buying your first home can feel like an overwhelming process, especially if you’re planning to do so in 2025. The real estate market is continually shifting, and preparing yourself with the right strategies is key to making a smart purchase. Below, we’ve compiled six simple tips that can help you navigate […]

Securing a mortgage is a major life decision that requires careful consideration and expert advice. For anyone navigating the complexities of the mortgage market in Lethbridge, it’s essential to have a trustworthy partner to guide you. The Mortgage Centre stands out as the premier choice for individuals and families in Lethbridge, […]

Your home is your sanctuary, but sometimes, it needs a little refresh to match your evolving lifestyle. Maybe you crave a modern kitchen, a luxurious bathroom oasis, or an extra bedroom for a growing family. Whatever your vision, financing those renovations can feel daunting. This is where refinancing your home loan […]

Your mortgage renewal notice arrives – another milestone in your homeownership journey. But before you simply accept your lender’s offer, consider this: could you be getting a better deal? A mortgage broker can be your secret weapon in securing the most favorable terms for your mortgage renewal. Here’s why speaking with […]

If you’re ready to set down roots in Lethbridge, or anywhere within Alberta this comprehensive guide will equip you to navigate the exciting journey of buying a home. By following these steps and partnering with a trusted mortgage broker, you’ll be well on your way to securing your dream home! Step […]

The thrill of finding your dream home can quickly turn into a financial hurdle – the down payment. But fear not, aspiring homeowner! Saving for a down payment takes commitment, but there are many creative ways to reach your goal quicker. This guide, brought to you by the Mortgage Centre, your […]

The Bank of Canada (BoC) announced its decision to maintain the target overnight rate at 5% today, March 6, 2024. This means no change to the prime rate, which most lenders use to set their variable mortgage rates. For Canadian homeowners and those looking to enter the market, this news offers […]

In 2024, securing a mortgage is a crucial step towards homeownership, yet the process can be daunting. However, enlisting the help of a mortgage broker can significantly streamline this process. This guide explains the advantages of using a mortgage broker in 2024, giving helpful information to potential homebuyers. The Rising Importance […]

Homeownership brings not only a sense of security but also opportunities for financial growth. One such avenue is a Home Equity Line of Credit (HELOC). Understanding how a HELOC works and leveraging it wisely can be a game-changer for homeowners looking to tap into their property’s value. Let’s embark on a […]

Are you considering refinancing your home in Alberta in 2024? It’s a big decision, and we’re here to help you navigate the process. Our comprehensive guide will cover everything you need to know about this important financial move. Refinancing your home can be a smart financial move, and 2024 is an […]

In the ever-evolving world of real estate, the dream of becoming a homeowner remains a timeless aspiration. As we step into the promising year of 2024, the prospect of acquiring your first home is filled with excitement and anticipation. This comprehensive guide will help you navigate the complexities of the real […]

A Local Touch As your trusted Coaldale Mortgage Broker, we bring a deep understanding of the local real estate market. We are well-versed in the unique dynamics of Coaldale and have a keen eye on the evolving trends in the area. This local expertise enables us to provide tailored solutions that […]

Assess Your Financial Situation: Review your credit report and score. A good credit score can help you qualify for better mortgage rates. Calculate your budget by assessing your income, expenses, and savings. Determine how much you can comfortably afford for monthly mortgage payments and other homeownership costs. Research Mortgage Options: Learn […]

Planning your mortgage renewal early is important for several reasons: Time to research and compare options By starting the process early, you give yourself ample time to research and compare different mortgage options available in the market. This includes exploring different lenders, interest rates, terms, and features. Rushing the decision can […]

Introduction Welcome to the world of homeownership! At the Mortgage Centre, we are dedicated to helping you achieve your dreams of owning a home. One crucial step in this exciting journey is obtaining a mortgage pre-approval. In this comprehensive guide, we will walk you through the ins and outs of mortgage […]

Why Use A Mortgage Broker? As Fort MacLeod mortgage professionals who have been helping people in the city and its surrounding areas find the perfect mortgage for years, our team is constantly asked numerous questions. Questions regarding what exactly we do as mortgage brokers, how we differ from a direct lender and how […]

If you’re in the market for a mortgage, you’ve likely come across the terms “fixed” and “variable” when it comes to interest rates. But what do these terms mean, and which one is right for you? In this article, we’ll explore the differences between fixed and variable mortgage rates, as well […]

A mortgage pre-approval and pre-qualification are two terms that are often used interchangeably, but they actually refer to different stages of the mortgage application process. Understanding the difference between the two can help you make informed decisions when you are shopping for a mortgage. Pre-Qualification: A pre-qualification is a preliminary assessment […]

While nobody enjoys Spring cleaning, we can all appreciate having a fresh home!

As we look at what is in store for us for 2022, we have a few fun things to share! From the Pantone of the Year to help you spruce up your home to housing market predictions and tips for improving your financial direction, let’s make 2022 your best year yet! […]

It’s easy to forget the power of leverage. With $100,000 of income, a creditworthy borrower can now qualify for almost three times the mortgage they did in the early 1980s. Decades of falling interest rates and expanding credit availability have made that possible, while acting as a giant lever for home […]

Overall consumer debt now stands at $2.15 trillion High mortgage growth and low interest rates have resulted in greater uptake for home equity lines of credit (HELOC) — which could be problematic, warns Equifax Canada. The credit monitoring company’s most recent consumer trend report found new HELOC volume increased by 56.7% […]

Financial stress can be debilitating. Take steps to regain control of your money, cope better, and get help with debt. Here’s how.

As provinces try to reopen their economies across the country and ease into the process allowing some businesses to bring back employees to the workplace, one unintended consequence of the COVID-19 pandemic may linger on for the foreseeable future. A vast amount of Canadians sent home to work remotely during the pandemic now […]

Finally, as the country reopens, you’re likely seeing more of your friends. Out with the video chatting and in with the high-fiving, hugging and, well, spending.
Here’s how to reenter the world of socializing and spending while keeping friendships and finances intact.