Arora Mortgages
223 14 St NW T2N 1Z6 Calgary, AB, Canada

Today the bank of Canada made its 6th interest rate decision of 2021. The bank has indicated once again they plan to keep rates low until second half of 2022. With Interest rates remaining at historical lows, now is a great time for you all to purchase. ... Contact me if you have any questions. 587-997-4144 [email protected] #aroramortgages #mortgage #alberta #mortgagebroker #calgary #yycmortgages #firsttimehomebuyer #homebuyer #yyc #mortgagerenewal #calgarymortgages #mortgageterms #prepaymentprivileges #mortgagequestions #preapproval #mortgageapproval #yycmortgagebroker #mortgagebrokercalgary #mortgageexpert #calgarymortgagebroker #albertamortgagebroker #mortgagebrokeryyc

Today the bank of Canada made its 6th interest rate decision of 2021. The bank has indicated once again they plan to keep rates low until second half of 2022. With Interest rates remaining at historical lows, now is a great time for you all to purchase. ... Contact me if you have any questions. 587-997-4144 [email protected] #aroramortgages #mortgage #alberta #mortgagebroker #calgary #yycmortgages #firsttimehomebuyer #homebuyer #yyc #mortgagerenewal #calgarymortgages #mortgageterms #prepaymentprivileges #mortgagequestions #preapproval #mortgageapproval #yycmortgagebroker #mortgagebrokercalgary #mortgageexpert #calgarymortgagebroker #albertamortgagebroker #mortgagebrokeryyc

I get this question all the time. Use a Mortgage Broker! We save you money, and it doesn't cost you anything to work with us. #aroramortgages #mortgage #alberta #mortgagebroker #calgary #yycmortgages #firsttimehomebuyer #homebuyer #yyc #mortgagerenewal #calgarymortgages #mortgageterms #prepaymentprivileges #mortgagequestions #preapproval #mortgageapproval #yycmortgagebroker #mortgagebrokercalgary ... #mortgageexpert #calgarymortgagebroker #albertamortgagebroker #mortgagebrokeryyc See more

I get this question all the time. Use a Mortgage Broker! We save you money, and it doesn't cost you anything to work with us. #aroramortgages #mortgage #alberta #mortgagebroker #calgary #yycmortgages #firsttimehomebuyer #homebuyer #yyc #mortgagerenewal #calgarymortgages #mortgageterms #prepaymentprivileges #mortgagequestions #preapproval #mortgageapproval #yycmortgagebroker #mortgagebrokercalgary ... #mortgageexpert #calgarymortgagebroker #albertamortgagebroker #mortgagebrokeryyc See more

A Fixed rate means your interest rate will stay the same for the term of your mortgage (i.e. 5 years); it also means your payment stays the same for the duration of the term as well. A Variable rate is tied to the Bank of Canada’s (prime) lending rate which means your interest rate can fluctuate. So, while your payment remains the same, the amount of your monthly payment going to interest payments vs principal may change. If interest rates go up, less of your payment goes to ...the principal (with more of the payment going to interest). What to do? It often depends on the type of risk you wish to take. If you are comfortable, you may want to take a chance on saving money with a variable rate and/or possibly paying down more of your principal, thus paying off your mortgage faster. In this case, a variable interest rate might be right for you. Can’t risk your payments going up and/or prefer a known payment for budgeting purposes? A fixed rate could be a fit. Talk to us today; we’ll help determine the best option for you! 587-997-4144 [email protected] #aroramortgages #mortgage #alberta #mortgagebroker #calgary #yycmortgages #firsttimehomebuyer #homebuyer #yyc #mortgagerenewal #calgarymortgages #mortgageterms #prepaymentprivileges #mortgagequestions #preapproval #mortgageapproval #yycmortgagebroker #mortgagebrokercalgary #mortgageexpert #calgarymortgagebroker #albertamortgagebroker

A Fixed rate means your interest rate will stay the same for the term of your mortgage (i.e. 5 years); it also means your payment stays the same for the duration of the term as well. A Variable rate is tied to the Bank of Canada’s (prime) lending rate which means your interest rate can fluctuate. So, while your payment remains the same, the amount of your monthly payment going to interest payments vs principal may change. If interest rates go up, less of your payment goes to ...the principal (with more of the payment going to interest). What to do? It often depends on the type of risk you wish to take. If you are comfortable, you may want to take a chance on saving money with a variable rate and/or possibly paying down more of your principal, thus paying off your mortgage faster. In this case, a variable interest rate might be right for you. Can’t risk your payments going up and/or prefer a known payment for budgeting purposes? A fixed rate could be a fit. Talk to us today; we’ll help determine the best option for you! 587-997-4144 [email protected] #aroramortgages #mortgage #alberta #mortgagebroker #calgary #yycmortgages #firsttimehomebuyer #homebuyer #yyc #mortgagerenewal #calgarymortgages #mortgageterms #prepaymentprivileges #mortgagequestions #preapproval #mortgageapproval #yycmortgagebroker #mortgagebrokercalgary #mortgageexpert #calgarymortgagebroker #albertamortgagebroker

Happy long weekend everyone! #aroramortgages #mortgage #alberta #mortgagebroker #calgary #yycmortgages #firsttimehomebuyer #homebuyer #yyc #mortgagerenewal #calgarymortgages #mortgageterms #prepaymentprivileges #mortgagequestions #preapproval #mortgageapproval #yycmortgagebroker #mortgagebrokercalgary #mortgageexpert #calgarymortgagebroker #albertamortgagebroker

Happy long weekend everyone! #aroramortgages #mortgage #alberta #mortgagebroker #calgary #yycmortgages #firsttimehomebuyer #homebuyer #yyc #mortgagerenewal #calgarymortgages #mortgageterms #prepaymentprivileges #mortgagequestions #preapproval #mortgageapproval #yycmortgagebroker #mortgagebrokercalgary #mortgageexpert #calgarymortgagebroker #albertamortgagebroker

Are you working on all four net worth factors? #financialsuccess

Are you working on all four net worth factors? #financialsuccess

How often are you looking at your mortgage and the terms within it? For example, would you be surprised to know that you could be putting down 10-20% of your original principal amount in prepayment privileges saving you on both interest and amortization (amount of time to pay off the loan) getting you closer to being mortgage free? Don’t miss out on potential savings. Let’s review your mortgage together to make sure you are taking full advantage of it’s options and confirm yo...u are in the right mortgage to meet your financial needs! 587-997-4144 [email protected] #aroramortgages #mortgage #alberta #mortgagebroker #calgary #yycmortgages #firsttimehomebuyer #homebuyer #yyc #mortgagerenewal #calgarymortgages #mortgageterms #prepaymentprivileges #mortgagequestions #preapproval #mortgageapproval #yycmortgagebroker #mortgagebrokercalgary #mortgageexpert #calgarymortgagebroker #albertamortgagebroker

How often are you looking at your mortgage and the terms within it? For example, would you be surprised to know that you could be putting down 10-20% of your original principal amount in prepayment privileges saving you on both interest and amortization (amount of time to pay off the loan) getting you closer to being mortgage free? Don’t miss out on potential savings. Let’s review your mortgage together to make sure you are taking full advantage of it’s options and confirm yo...u are in the right mortgage to meet your financial needs! 587-997-4144 [email protected] #aroramortgages #mortgage #alberta #mortgagebroker #calgary #yycmortgages #firsttimehomebuyer #homebuyer #yyc #mortgagerenewal #calgarymortgages #mortgageterms #prepaymentprivileges #mortgagequestions #preapproval #mortgageapproval #yycmortgagebroker #mortgagebrokercalgary #mortgageexpert #calgarymortgagebroker #albertamortgagebroker