High Ratio Mortgages in Calgary, Alberta

With new commercial and housing developments in the downtown core of Calgary, the cities aesthetic has been gradually evolving over the years. At the bat of an eye, one might overlook how Calgary is quickly evolving into a whole new level as a hub for culture, community and much more. It comes to no surprise as to how many are targeting a high ratio mortgage as a tool to purchase a home in Calgary. The reason is that high ratio mortgages don’t carry the same 20% downpayment mandate as other mortgages, making them more accessible to first time home buyers. Instead, all that’s required is for you to obtain a mortgage insurance.

Securing a high ratio mortgage can be difficult if you are not be aware of all of the options that are available to you.

There are a lot resources you may need to gather and Smarter Loans is here to help you do so in the most effective way possible. We’ve prepared the tools and resources necessary for you to consider all of the high ratio mortgage rates, terms, offers and providers from a single page. This single page is an online directory provided by Smarter Loans, and you can access it by simply scrolling down.

Simply click “Apply Now” after you’ve decided on any given provider for high ratio mortgages. After that, you’ll have a brief list of instructions for the approval application and after completing it, you’ll be approved and processed for your desired high ratio mortgage. On the other hand, you can pre-apply with Smarter Loans. Based on your situation and specifications, you’ll be assigned a provider and high ratio mortgage that we feel fits all of your criteria.

Calgary Information Sheet

  • The employment rate in Calgary is 70%.
  • According to the latest available information, Calgary reports 333,000 listed home owners .
  • On the average each resident of Calgary owes $45,200 in consumer debt.
  • Calgary’s biggest hiring industries are information and cultural industries, real estate and rental and leasing, arts, entertainment and recreation.
  • As per the most recent independent research, on the average each inhabitant of Calgary earns $64,600 per month.
This data was researched in 2019 and uses various information resources, including Canada’s National Statistics Agency, etc., where the information can be as of an older date. The facts above may change as new information becomes available. We do our best to keep the information up to date.

Our online financial platform helps you find the best High Ratio Mortgage lenders in Calgary for all your specific financial needs.

Check our pool of High Ratio Mortgage companies to find the best High Ratio Mortgage rates in Calgary

High Ratio Mortgages are usually used for the following goals (including but not limited to)

  • purchasing a home
  • obtaining a mortgage with less than 20% downpayment
  • deploying saved cash into better asset classes to earn higher returns
  • earning a potential differential between lower interest payments and insurance premiums
  • typically lower interest as they are guaranteed by Genworth, CMHC or Canada Guaranty

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