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Are you an Alberta homebuyer? CMHC hints from an Alberta mortgage broker for obtaining an Alberta mortgage or mortgage Alberta or mortgage Alberta home loan

So you are thinking of buying a home in Alberta? Awesome! It is a beautiful province. It will be a great long term investment. Now the CMHC program allows anyone the ability to buy a home for as little as 5% down.

Here are a few Alberta mortgage homebuyers tips for understanding the Canada mortgage and housing Corporation’s rules (CMHC) for the using a 5% downpayment for an Alberta mortgage:


  • All buyers now qualify, this is no longer a first time buyers program only.
  • Yes , 95 % financing is now available for everyone
  • There is now no maximum purchase price for CMHC insured Alberta Mortgages
  • CMHC will charge an insurance premium of .75 to 3.25 on the Alberta mortgage amount and this premium can be included in mortgage Alberta home loan.
  • Must be primary residence
  • Down payment may be family gift. Must prove D.P. Plus 1.5% completion funds

You can jump into a purchase with as little as just 5% down payment to purchase a home.
Why buy a home? Well, you have to live somewhere. So instead of throwing money away into rent you may as well pay towards owing your own house. Forget about the pride of ownership. Forget about the peace of mind of being able to decorate anyway you wish…or the security in knowing that you can live in a place for as long as you wish to - on your time table and not a landlords. And finally let us forget about the fact that you can make profits in Alberta real estate - as many Alberta homeowners have done in the last 8 years. Forget all this. And just think of the worse case scenario.

Assume you buy a Alberta home and obtain a 25 year Alberta mortgage and then live there for twenty five long years … and in all that time real estate values do not even increase by one penny! Sound bad? No! The worse thing that can happen to you is that in 25 years your Alberta mortgage is paid off. No more Alberta mortgage payments. The rest of your life is ‘Alberta mortgage’ free and ‘rent free’. And just think of all the fun things you could do in life …boating, golfing & travel…or just having more cash to hang out with your loved ones more.

As your personal Alberta mortgage broker I can help you get started in your Alberta home purchase by doing two things. As your personal Alberta mortgage broker I am networked with ‘buyer’ real estate agents across Alberta. These agents are used for the sole purpose of finding you a suitable property that an Alberta lender would approve of and give you the best mortgage Alberta home loan and to negotiate the best purchase price for you. I have a relationship with them. They are working with me ‘ahead of time’ understanding my Alberta mortgage lending requirements for you to obtain the best Alberta mortgage financing. I will get you pre-approved with the best Alberta mortgage lender. You will get the best lowest rate Alberta mortgage. It is really that simple. Closing dates are discussed ahead of time. Everything, including negotiating purchase price, the contract of purchase of sale agreement, is discussed with me with the real estate agent. I am very hands on in this entire process. This ensures in my mind that you are truly getting the best Alberta home purchase deal and Alberta mortgage financing deal possible.

As your personal Alberta mortgage broker I will shop the Alberta lender marketplace for the best and lowest Alberta mortgage rates. And, besides Alberta mortgage rates, I will discuss the important Alberta mortgage provisions that will ensure the right contractual mortgage Alberta terms for you and your family. There are many options to choose from for your Alberta mortgage financing. As your personal Alberta mortgage broker specialist I can assist you in making the right choice for your Alberta mortgage loan.

If you would like an Alberta mortgage broker to help you with all your Alberta mortgage financing needs Apply Now!

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