How to find home equity mortgage in Alberta?


#1

Hi everyone,

I am from Calgary in Alberta. I am running a restaurant nearby Riley Park. I have started the venture two years back. I have a plan to take up a mortgage for renovating the restaurant. But, I have never taken any mortgage till now. I am totally unaware of the regulations and procedures.

I own a house in the city. My cousin took a home equity loan from a nearby bank. I am looking for a much better option with flexible contract terms and comfortable tenure. I think it is better to approach a mortgage broker instead of directly going to a lender. I searched a lot on the internet to find a few mortgage brokers providing home equity loan in Alberta. Guys, help me find the right one. Hope you would share your opinions and suggestions soon. Thank you all in advance!


#2

You may want to check with a few good real estate agents in the area. Usually, they’re a good source of information when it comes to referrals. Good luck!