Mortgage Info 101 with Calypso Mortgage
“To stop dreaming, is to stop living,” according to an ancient proverb.
At Calypso Mortgage, our dream is to provide you with all the information you need to make an informed decision when fulfilling YOUR dream of becoming a home owner.
The Calgary house market is at an all time high. Prices increased with over 46% in 2006, and while this is excellent news for existing home owners, it can create a dilemma for first time home buyers. It may prove harder than ever to qualify for a mortgage to buy your first house.
Whether you are a first time home buyer, a repeat buyer, a real estate investor, or are just looking for more information, you have come to the right place. With more than 12 years of combined experience, Calypso Mortgage provides you with information on how to get pre-approved for a mortgage, qualifying criteria and ideas on what to do if you do not qualify for a mortgage.
We also cover the meaning of the appraisal and why you need to have an appraisal done, the house inspection and the difference between the house inspection and the appraisal.
We will cover as much as possible on what your legal fees cover, and what you should expect at the lawyers office.
We will point out the pros and cons of going to your bank for a loan, as well as the pros and cons of using a mortgage broker.
We trust that you will find our site very informative and that it will help to make your home buying and financing experience fun and stressfree.
Interest rates information and update
A brief description on how mortgage interest rates are determined. Also provide daily updates on current mortgage rates.
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Mortgage Calculator
Nifty little Mortgage Calculator to help you determine more or less what your monthly payment will be on a given mortgage amount..
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Who should get a pre-approval
Explanation of the difference between a pre-approval and rate guarantee. Also discuss the benefits of getting a pre-approved mortgage before shopping for a house.
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Demistifying the application Process
Full explanation of the application process, Discusses the credit report and debt service ratios in detail.
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Explaining your credit report
A comprehensive explanation of your credit report, how credit scores are determined, and their importance when applying for a mortgage or any other loan.
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Save dollars with a Debt consolidation.
Provide valuable information debt consolidation by means of mortgage refinance, personal loan or other means.
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Refinance To consolidate High Interest Debt
Paying high interest on consumer debt can cost you thousands of dollars. Refinance and use the equity in your home, to cut your monthly payments.
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Down Payment Requirements
A small overview of allowable sources of down payment. Also touches on the zero down payment product
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Calypso mortgage zero downpayment
A short overview and explanation of how the zero downpayment mortgage works, and the requirements to qualify for a zero downpayment mortgage
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Explaining different Mortgage products
Understand the different mortgage products and their pros and cons. Choose the best mortgage for your situation based on knowledge.
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Mortgage payment and pre-payment options
Mortgage payment and pre-payment options can be very confusing, but will have a huge impact on the life of your mortgage. Learn what they mean and how to choose the best option for your situation.
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Explaining the Real Property Report
When asked for a Real Property Report, most first time homebuyers have no idea what it is and why it is required. We provide a short explanation that is easy to understand.
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Getting a home inspection done
Explaining the home inspection and touching on the difference between an appraisal and home inspection.
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Appraisal
Explaining what an appraisal is and why you need to have an appraisal done.
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Closing Costs (Legal Fees) Explained
Closing Costs, also known as Legal Fees, can be a little confusing for first time home buyers. We try to explain how it is determined and what to expect at the lawyer's office.
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Recreational Properties
Recreational properties are getting increasingly popular as investment, especially amongst Baby-boomers. This page give you an overview of the current trends in the acquisition of these properties.
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Calypso News - Mortgage News as it Happens.
Updating customers on latest mortgage changes and news. Regular mortgage rate updates.
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Contact Us
Contact us for more information on pre-qualification, mortgage rates, and how to determine how much you can qualify for. Lots of free mortgage information, rates and the qualifcation process.
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