Edmonton, the capital of Alberta, is one of the largest cities in the province and serves as the economic center of the Albertan north. It’s a city well-known for its picturesque landscapes and strong sense of community.
Edmonton, along with many other cities across the world, saw a slight recession in the past couple of years due to global economic conditions. But things are on the rise again, both in the city and all around the province, with the advent of renewed interest in the unconventional natural resources (such as the Alberta oil sands) from major producers, as well as an influx of jobs from the federal government.
Because of this rise in the financial and commercial prospects of the city, Edmonton and the province at large is beginning to breathe easier. What does this mean for the credit and home loan industry? Well, acquiring a mortgage should be easier in the coming year or two as increased capital will mean more increased availability of credit and, at least over time, lower interest rates on home loans. If you’ve been waiting to acquire your mortgage, you may just have waited long enough.
It’s at times like these that a mortgage broker can be a major asset, and someone you want on your side, navigating the complex marketplace and finding the best rates from the best lenders. While a general trend of lower rates might be sweeping across Edmonton in the new year, a mortgage broker’s expertise is essential to finding exactly where the lowest rates are, and which bank is offering the best products.
A mortgage broker can also be your intermediary to the lending institutions, saving you the stress of having to personally present your proposal to the banks and lending agencies.
If you’re looking to find a mortgage in the new year and want a quality mortgage broker on your team, now is the time to start looking. We’ve done the research and found the best mortgage brokers Edmonton has to offer, and we’re happy to share what we know with you.