Get your best mortgage here.
With everything we do, our Edmonton Mortgage Brokers believe in challenging the status quo. We believe in thinking differently. The way we challenge the status quo is by taking time to provide a first-rate experience – every time, because everyone matters and the right advice is essential. We just happen to be in the financial services industry (AKA mortgage rock stars).
You will feel comfortable talking to any member of the Benchmark Mortgages team and it won’t cost you anything to find out what we can do for you.
Our mortgage team are proud members of the M3 Mortgage Group; the undisputed #1 non-bank mortgage originator leader in Canada, with 6000+ brokers and $44 billion in annual mortgage volumes. M3 has a diversified family of 5 mortgage brands that help Canadians achieve their dreams of homeownership and financial security. Their mission is to be the consumer’s best financial ally and to offer a full spectrum of providers, products, solutions and financial services. M3’s technology driven/consumer obsessed mantra for success gives Benchmark Mortgages huge benefits, particularly from significant technology investments and expertise.M3 is comprised of the most knowledgeable, ethical and professional mortgage professionals in the Canadian mortgage industry.
7 reasons to use a Mortgage Broker over your BankCheck it out
First-time home buyer
Here’s to buying like a pro the first time!
Buying your first home is one of the most important financial decisions you’ll ever make and getting the right advice from a mortgage professional is a great way to start.
Before you start looking for your dream home, your Invis professional can help you find out how much you can qualify for so you can shop with confidence. They’ll explain the process and even assist in getting you a mortgage pre-approval so you can take advantage of today’s low rate environment by locking in today’s rate for you for a set period of time, typically 90 to 120 days.
Understanding your down-payment options is important as you get ready to buy your first home. This is right time to consult with your mortgage professional who can explain the requirements and options available to first-time buyer only when it comes to down-payment. Generally, the min down-payment required depends on the purchase price with the min being 5% down. For homes $500,000 and under 5% down is the min required. For homes over $500,000 but less than $1 million, you need 5% down-payment on the first $500,000 and 10% for any amount over that. If your purchase price is $1 million or more, a minimum 20% down-payment is required. Mortgages with less than 20% down are subject to default insurance which is usually added to the mortgage amount.
At Invis, we work with over 60 lenders from major banks to private lenders. Your mortgage professional gives you access to multiple lenders and finds the right mortgage for you with only one application. They help you navigate the process, explain your options and present you with mortgage solutions that best meet your need. Having the right combination of mortgage features, privileges and rate is key. The right mortgage goes beyond just the rate--it's important to also consider term, prepayment options, refinancing penalties, restrictions, and fees.
Your mortgage professional will not only find the right mortgage for you but also provide strategies to help you pay your mortgage off faster and shave thousands off interest costs in the process.