Buying Property

Time to Buy Your Dream Home in Stony Plain & Surrounding Areas

Owning a home is a significant milestone and something many of us work toward. It can be gratifying, helping you reach both personal and financial goals.

If you already own a home, you know the security and value it brings. Over time, you may have built up equity in your property, which can be used to upgrade your home, improve your lifestyle, or even help fund other dreams.

Flexible Mortgage Payment Options

When you’re choosing a mortgage, flexibility matters; factors such as how often you make payments and how much you put down can make a big difference in your budget and overall comfort with your purchase.

Mortgage Payment Options

You can make mortgage payments weekly, bi-weekly, semi-monthly, or monthly whatever works best for your schedule.

Prepayment Options

Many mortgages let you pay extra toward your principal and interest. Some closed mortgages even allow a certain percentage of the original mortgage to be prepaid each year without penalties, which can help you pay off your home faster.

Open Mortgages

An open mortgage gives you the freedom to pay off part or all of your mortgage at any time during the term without extra charges.

Understanding Your Mortgage Payments

Your regular mortgage payment may include a few parts:

• Principal: The amount you initially borrowed, minus any payments you’ve already made.
• Interest: Early on, a larger portion of your payment goes toward interest. Over time, more goes toward the principal.
• Property Taxes: These are based on your home’s assessed value and may be included in your payment. Taxes are usually paid in installments and may be held by your lender until due.

Whether it’s your first home, using your equity, refinancing, or just trying to pay off your mortgage faster, I’m here to help you every step of the way and make your homeownership goals happen.