Smart Mortgage Strategies Edmonton AB

Current economic conditions and the availability of more sophisticated mortgage products over the past several years have left many homeowners "scratching their heads" when it comes to taking out a mortgage.

Canadian Western Bank - Corporate Office
(780) 423-8888
10303 Jasper Avenue
Edmonton, AB
Office Hours
Mon - Wed, Fri: 9:00 - 4:00
Thursday: 9:00 - 5:00

RBC - Edm-Manulife Place Branch
(780) 448-6680
10180 101 St Nw
Edmonton, AB
Languages
English, French
Office Hours
Monday: 09:00 - 16:00
Tuesday: 09:00 - 16:00
Wednesday: 09:00 - 16:00
Thursday: 09:00 - 17:00
Friday: 09:00 - 17:00
Saturday: Closed
Sunday: Closed

Scotiabank
(780) 448-7890
10709 Jasper Avenue
Edmonton, AB
 
RBC - Main Br - Edmonton
(780) 448-6611
10107 Jasper Ave Nw
Edmonton, AB
Languages
Russian, English, French
Office Hours
Monday: 09:00 - 16:00
Tuesday: 09:00 - 16:00
Wednesday: 09:00 - 16:00
Thursday: 09:00 - 17:00
Friday: 09:00 - 17:00
Saturday: Closed
Sunday: Closed

RBC - Southgate Shopping Centre Branch
(780) 448-6470
5015 111Th St-Unit 472
Edmonton, AB
Languages
English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 20:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

Canadian Western Bank - Edmonton 103Rd Street
(780) 423-8801
10303 Jasper Avenue
Edmonton, AB
Office Hours
Mon - Fri: 8:30 - 4:00

Scotiabank
(780) 448-7735
8108 118Th Avenue Nw
Edmonton, AB
 
Scotiabank
(780) 448-7600
10050 Jasper Ave
Edmonton, AB
 
RBC - Kingsway Mews Branch
(780) 448-6450
10567 Kingsway Ave
Edmonton, AB
Languages
English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 16:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

RBC - Bonnie Doon Shopping Centre Branch
(780) 448-6955
150A 82Nd Ave & 83Rd St
Edmonton, AB
Languages
Mandarin Chinese, English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 16:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

Smart Mortgage Strategies

Provided By:

(NC)-Current economic conditions and the availability of more sophisticated mortgage products over the past several years have left many homeowners "scratching their heads" when it comes to taking out a mortgage. Perhaps never before has it been more important for would-be and current homeowners to do their homework before securing a new or renegotiating a mortgage.

John Turner, director mortgage sales at BMO Bank of Montreal, recommends that mortgage shoppers develop a strategy using the following steps in order to ensure you obtain a mortgage that will best fulfill your current and future needs.

Step 1: Start with a clear understanding of your monthly cash flow by developing a list of your fixed expenses such as payments on an existing mortgage, car, credit card and unexpected home repairs.

Step 2: Consider your financing needs may change of over the next five years. For example, you may be planning to start or expand your family or you may be thinking about opening a new business - both of which will impact your income and expenses.

Step 3: Speak with your banker to develop a plan for paying off the mortgage in the fastest and most cost effective way possible.

First-time homebuyers should also consider getting a copy of the BMO First Home Essentials kit - a new guidebook with all the information, tools and resources needed to search for and purchase your first home. You can order one online at www.bmo.com/firsthome.

"Your home is the largest investment you'll ever make and while exciting, it can also be a stressful and confusing experience, even in the best of markets," says Turner. "The best advice is to work with a mortgage specialist, create a strategy and find the mortgage that's right for you."

- News Canada