Smart mortgage decisions that save you money.

Our mortgage brokers educate clients on their options to make confident, informed decisions that best suit their needs. Our clients obtain financing on their home from a new home purchase, mortgage switch, or mortgage refinance. We offer genuine, complete, and expert information. Our team is positive yet assertive with lenders to get your deal completed.

For those looking for help with their mortgage, Calgary and Edmonton area customers can count on our support.

Do you have questions on a mortgage?

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We will help you carefully consider your mortgage options and choose the best set of features that suit your needs.

Whether this is your first home, second home, rental, or a home for a family member, we can help. There are many programs available to buyers, such as the first time home buyers plan, purchase plus improvements, stated income mortgage plans, and more.

Understand the difference between an open or closed mortgage plan.

In the case of an open mortgage, the home buyer can make pre-payments to their mortgage for the entire remaining sum or just for additional payments. Closed mortgages restrict the home buyers, as the only way they can make pre-payments is to incur a penalty. That said, closed mortgages typically will have lower interest rates associated with their plans. You could look at it as a trade-off of flexibility versus stability - which strategy you choose will depend on your goals.

Choose between fixed and variable interest rate mortgages.

If you choose a fixed interest rate for your mortgage, it means that the rates will remain the same throughout the entire term. While predictable, fixed-rate mortgages may be a bit higher than one with a variable interest rate. With a variable interest rate, you can expect the rate to fluctuate during your mortgage term. A variable interest rate plan may be lower than selecting a fixed interest rate; however, they are susceptible to market changes. If you are looking at getting the best mortgage rate in Calgary, we will help you determine which strategy aligns best with your short-term and long-term needs.

Access to top financial institutions and private mortgage lenders.

BOSI Financial has developed a strong local reputation and, through its network, can open up the possibilities to competitive rates and features that may not be widely available. In addition to our consultation's quality, our mortgage brokers will support you during and after the home buying process. For clients who may not qualify for a conventional mortgage or have additional needs, we can get the assistance of the most qualified private lenders Calgary has in its inventory. With BOSI Financial, you always have options, and your goals are within reach.

Don’t miss an opportunity to renew your mortgage at a competitive rate.

Is your mortgage coming up for renewal? Every mortgage comes up for renewal after the term has expired. This is typically every 1-10 years.

Did you know that 27% of home owners resign their mortgage renewal without speaking to someone?

You could be leaving a lot of money on the table. When your mortgage comes up for renewal, you have the ability to switch your mortgage to another bank, usually with no extra cost.

Determine your goal for your mortgage.

It is essential to consider what your aim is for a mortgage renewal. Most people are either looking to reduce their monthly payments, decrease total mortgage costs, or consolidate debt consolidation. There are several ways to modify your mortgage, such as adjusting the amortization period or keeping the same term but changing the monthly payment amounts. Depending on your needs, available lenders, and other factors - you could be looking at sizable savings.

For many, their mortgage is perhaps one of the most important contracts they have entered. Careful consideration is required when switching mortgages to avoid penalties and negative consequences.

Our team of mortgage brokers is available to assist you. Get in touch with us today to discuss your options.

Use your home equity strategically to improve your finances.

Are you looking for some extra cash to pay off credit cards? Lines of credits? CRA debt? Car loan? You may also need to access your home's equity to help your family or perhaps buy a second property. There are many reasons people refinance their homes. Most lenders allow you to refinance your home up to 80% of its value. Doing so will enable you to take out cash and apply it towards other areas of your life where it is needed most.

While there may be a fee to refinance your mortgage, the savings from a mortgage loan with a lower interest rate can be significant. Refinancing strategies can also allow you to increase your mortgage's size or perhaps change the structure of your mortgage by taking out a Home Equity Line of Credit (HELOC).

Get the assistance of some of the most talented mortgage brokers Calgary has to offer at BOSI Financial.