Costs and terms Archives - Private Mortgages Alberta

2 min read

How long private mortgage terms last in Alberta, what happens at renewal, whether you can pay off early, and how to avoid getting stuck.

2 min read

How loan-to-value (LTV) works on a private mortgage, how to estimate how much you can borrow against your Alberta home, and what changes the limit.

2 min read

How interest-only payments on a private mortgage work, how to estimate them, the pros and cons, and why your balance won't go down.

2 min read

The fees that come with a private mortgage in Alberta, how they're paid, and how to compare offers on total cost instead of interest rate alone.

3 min read

Why private mortgage rates are higher than a bank's, the factors that move your rate up or down, and how to get the best offer in Alberta.