6 Genuine Private Mortgage Lenders Alberta.

6 Genuine Mortgage Lenders

Truthfully, it is sometimes difficult to raise money to buy a dream home anywhere in the world with or without heavy saving. This is not an excuse for carefree spending though, but that is just the truth. Although houses are relatively cheap in Alberta, banks more often will say No to a mortgage loan request which leaves you with the option of approaching or seeking assistance from private mortgage lenders Alberta to become the landlord of a dream house.

Private Mortgage lenders are sure alternatives to a bank. They become worthy options when banks say No. Mortgage Lenders Alberta are licensed individuals or institutions in Canada whose job ordinarily is to underwrite home loans for borrowers when banks decline.

Usually, while seeking out mortgage loans to finance a home project in the event that the bank has turned down the loan request, there are two big questions potential property owners want to answer:

  1. Where can I get Genuine Private Mortgage Lenders Alberta or any other Place in Canada, depending on the property Location?.
  2. Which of these Private Mortgage Lenders have the lowest Possible mortgage rates?

In this post, we will give a full list of:

  1. Genuine private mortgage lenders Alberta based on Personal experience as well as Google rating.
  2. Different Mortgage rates in Alberta, Canada for your consideration.

So let’s Dive right in.

Private Mortgage Lenders Alberta

1. Private Lender Inc.

Private mortgage lenders alberta
Ownership TypeFamily Owned and Managed
Years Of Existence20 Years
Loan Approval Time24hours
Types of Properties FundedCommercial And Residential
OperationsCalgary, Ab, Canada
Phone Number(403) 616-9114
Google review2
Websitehttps://myprivatelender.com/

2. The Mortgage Force Team in Alberta

THe mortgage force team - mortgage lenders alberta
Ownership TypeFamily Owned and Managed
Years Of Existence10+ Years
Loan Approval Time24hours
Types of Properties FundedCommercial And Residential,
First time home buyer education and guidance
Residential refinance transactions
OperationsEdmonton, Ab, Canada
Phone Number780.466.9898
Google review49
Websitehttps://www.mortgageapplyonline.ca/

3. HT Mortgage Group – Dominion Lending Centers Gr

HT MORTGAGE GROUP
Ownership TypeFamily Owned and Managed
Years Of Existence10+ Years
Loan Approval Time24hours
Types of Properties FundedCommercial And Residential,
First time home buyer education and guidance
Residential refinance transactions
OperationsEdmonton, Ab, Canada
Phone Number780.466.9898
Google review49
Websitehttps://dlchtmortgagegroup.ca/

4. True North Mortgage

True North - mortgage lenders Alberta

If you are looking for a truly cheap mortgage rate with piles of mortgage advice that comes free, then True north is the place to go.

True north
Years Of Existence20+ Years
Types of Properties FundedFIRST TIME HOME BUYERS
PURCHASE PLUS IMPROVEMENTS
INVESTMENT PROPERTIES
VACATION AND SECONDARY HOMES
NEWCOMERS TO CANADA
NON-RESIDENCE LENDING
HOME EQUITY LINE OF CREDIT
INTERNATIONAL HOME PURCHASES
PRE-PAYMENT PENALTIES AND PRIVILEGES
MORTGAGES FOR SELF-EMPLOYED
OperationsCalgary, AB T2P 2V7
Phone Number1-877-301-6699
Google review401
Websitehttps://www.truenorthmortgage.ca/

5. Alberta Mortgage Center

Alberta Mortgage
Years Of Existence20+ Years
Types of Properties FundedFIRST TIME HOME BUYERS
PURCHASE PLUS IMPROVEMENTS
INVESTMENT PROPERTIES
VACATION AND SECONDARY HOMES
NEWCOMERS TO CANADA
NON-RESIDENCE LENDING
HOME EQUITY LINE OF CREDIT
INTERNATIONAL HOME PURCHASES
PRE-PAYMENT PENALTIES AND PRIVILEGES
MORTGAGES FOR SELF-EMPLOYED
Operations#78, 4003 98 Street NW
Edmonton, AB T6E 6M8
Phone Number780-479-2222
Google review40
Websitehttps://www.albertamortgagecentre.com/

6. BMC Mortgage & Investments

BMC Mortgage
Years Of Existence40+ years of lending experience
Types of Properties FundedSecond Mortgages
Debt Consolidation
Home Renovation Loans
Mortgage Refinancing
Home Equity Loans
Bridge Financing (Interim Financing)
Operations10215 – 178 Street NW
Edmonton, Alberta T5S 1M3
Phone Number780-413-1684
Google review1
Websitehttps://www.bmcmortgage.ca/

Few Private Mortgage rates in Alberta, Canada for your consideration.

This is another very important aspect of Private Mortgage. As a matter of fact, this seems to us like the most important area to consider when sourcing for or agreeing to the terms of a private mortgagor. This is because a lower mortgage rate will mean that the loan amount and interest will be offset fast, and vice versa.

Find Below tables containing the current rate charged by few mortgage lenders Alberta plus a mortgage calculator which will help you to know what your mortgage payment will almost look like.

The Mortgage Force Team Rates

5 Year VariableLess than 20%1.39% *Limited Time Special
1 Year FixedSame2.59%
2 Years FixedSame2.19%
3 Years FixedSame1.89%
4 Year FixedSame2.04%
5 Years FixedSame1.84%*Limited-Time Special*
7 Years FixedSame2.69%
10 Years FixedSame2.89%

HT Mortgage Group Rates

Find below, a tabular comparison between bank rate and the rates charges by HT Mortgage group, plus how much you will save by patronizing them.

TERMSBANK RATESPAYMENT PER $100K
(BANK)
HT MORTGAGE GROUP RATESPAYMENT PER $100K
(HT MORTGAGE GROUP)
DIFFERENCE
6 Months3.04%$475.303.14%$480.46$-5.16
1 Year2.79%$462.542.24%$435.12$27.42
2 Years2.94%$470.172.24%$435.12$35.05
3 Years3.49%$498.742.24%$435.12$63.62
4 Years3.74%$512.022.24%$435.12$76.9
5 Years4.59%$558.492.14%$430.24$128.25
7 Years5.35%$601.692.99%$472.73$128.96
10 Years5.60%$616.233.19%$483.05$133.18

True North Mortgage

TERMRATES
1 Year Fixed1.79%
2 Year Fixed1.49%
3 Year Fixed1.49%
4 Year Fixed1.69%
5 Year Fixed1.89%
5 Year Variable1.24%
HELOC Open2.95%

Additionally, we have a mortgage calculator below to further help you calculate your mortgage.

Mortgage Calculator
$
 

And that is it.

Let’s know what you think in the comment section below.

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