Home  |  Site Map  |  Contact Us  


sutton group - lethbridge


Real Estate - Home

N. Lethbridge Real Estate
S. Lethbridge Real Estate
W. Lethbridge Real Estate

Search All MLS® Listings
View My Listings
Search Sutton Listings

FREE Home Finder Service
Revenue Property
Lethbridge Foreclosures
Assumable Mortgages
Live Rent Free
Zero Money Down
My Buyer Advantages
First-time Buyers
Open Houses

Fast-Track Selling
Property Wanted
FREE Home Evaluation Mortgage Assumption
12 Selling Tips
10 Home Seller Mistakes
Why Choose Us?

Moving Home Checklist
Meet the Team
Mortgage Rates
Real Estate Lawyers
About Lethbridge
Site Map
Contact Us
Privacy Policy

Lethbridge Realtors
Real Estate Links

Real Estate by Type
Lethbridge Condos
Commercial Real Estate
Lethbridge Mobile Homes
S. Alberta Farms
Lethbridge Real Estate
Homes for Sale
Property for Sale

Lethbridge University

Houses for Sale

Assisted Living Condos
Real Estate News



Lethbridge Assumable Mortgages


  Benefits for BUYERS:-

NOTE:-  In early 2009, new legislation mandated that buyers assuming mortgages MUST qualify.


Purchasing property with an assumable mortgage can be remarkably easy. When you assume a mortgage, you pay the seller the difference between the negotiated purchase price and the balance on the current mortgage. It is then your responsibility to take over the mortgage payments. The primary benefit is that you can save substantial closing costs and inherit what may be a favourable interest rate.Lethbridge-Assumable-Mortgage-Graphic1

It should be noted that assumable mortgages always require a down payment, and this is usually in excess of the 5% required by banks. Assumables are not necessarily a low-down payment option to conventional bank financing.

Assumable mortgages are frequently referred to by the amount of down payment required to assume. For example, if a property sells for $150,000 and you want to assume the current mortgage of $120,000, you would need to pay the seller the $30,000 difference and then take over the payments. This would be called a $30,000 cash-to-mortgage (CTM), or down payment.

Assumable mortgages are legal only in the Province of Alberta. An assumable can represent a great way to get into an Alberta home, especially if you are:

  • Self-employed.
  • Are new migrants, who have no credit history in Canada.
  • Want to take advantage of a possible lower interest rate on an existing assumable mortgage.

You must of course have the down payment available or have equity in your present home.

It's not easy for the average buyer to find assumable mortgages, especially in a hot real estate market. Such properties are in high demand and sell quickly, especially those with a low cash-to-mortgage.

If you are an investor, or first time buyer, then this type of property represents a great opportunity. Mary McLean's free computerized service automatically downloads a current list of all such properties every day. When you receive this free, no obligation service, you're automatically supplied with the most current list of Assumable Mortgage Properties on the market, in the geographic location and price range that interests you. Team Miller’s FREE service will save you time and effort, and guarantee that you don't miss out on those desirable low down CTM's!

  How it works:

Team Miller will send you a FREE computerized report listing the current Assumable Mortgage Properties in your preferred location and price range. There is no cost for this information. After receiving our information, you will have an instant advantage over other buyers in the marketplace.

It is important that you include the maximum amount you would like to use as a cash-to-mortgage down payment, also the maximum price and the location(s) you would be interested in.

Please Note:- To receive this information you must not be working with another real estate agent. (Mary McLean considers it unprofessional, and highly unethical, to provide such information if you are already working with another agent or brokerage.)

We regret that requests submitted without a telephone number for verification purposes will not be answered.

If you are financially able to make a down payment, you owe it to yourself to apply for this information today. Simply fill out the form below.

DISCLAIMER: Mary McLean is not a licenced mortgage brokers and recommend you seek professional advice regarding your financing.

Contact Information - Please complete all fields

First Name:

Last Name

Street Address:



Zip/Postal Code

Daytime Phone:

Evening Phone:

Email Address:


Do you have a home to sell? 
When are you thinking of buying? 

What is your preferred type of home?

Preferred Lethbridge Location: (West side)

Style of Home: (Condo, etc.)

Minimum Price Range:

Maximum Price Range:

Size of Garage:

Number of Bedrooms:

Approx. Down Payment

Number of Bathrooms:

Other details you are looking for:

*Security Check (Anti-Spam)  2 + 2 = 

Please click Submit Form once and wait for reply.



Lethbridge Alberta MLS Real Estate | Homes Property for Sale | Realtors   |   Team Miller Lethbridge Real Estate / Contact Us   |   Lethbridge MLS Real Estate Listings   |   Mary McLean Current Listings   |   Lethbridge MLS Real Estate Listings   |   Free Lethbridge Home Finder Service   |   Lethbridge Revenue Property Real Estate Sales   |   Lethbridge Foreclosures & Distressed Real Estate Sales   |   Lethbridge Assumable Mortgages   |   Lethbridge Real Estate / Live Rent Free   |   No Money Down Lethbridge Real Estate   |   Lethbridge Real Estate Buyers   |   Lethbridge First 1st Time Home Buyers   |   Lethbridge Open Houses   |   Selling a Home in Lethbridge   |   Lethbridge Real Estate Wanted   |   Free Lethbridge Home Evaluation   |   Lethbridge 12 Selling Tips   |   Lethbridge Home Seller Mistakes   |   Team Miller Advantages   |   Moving Home Checklist   |   Lethbridge Real Estate Realtors / Team Miller   |   Lethbridge Real Estate Mortgage Rates   |   Lethbridge Real Estate Lawyers   |   Lethbridge Alberta Canada / About   |   Site Map   |   Team Miller Privacy Policy   |   Lethbridge Real Estate Agents / Realtors   |   Real Estate Links   |   Lethbridge Condos for Sale   |   Lethbridge Commercial Real Estate   |   Lethbridge Mobile Homes for Sale   |   Lethbridge Area Farm Listings   |   Lethbridge Multi-Family Real Estate Listings   |   Lethbridge Real Estate   |   Lethbridge Alberta Homes for Sale   |   Lethbridge Property for Sale   |   Lethbridge Houses for Sale for Sale   |   Lethbridge Assisted Living Condos for Sale   |   Lethbridge Assumable Mortgages / Information for Buyers   |   Lethbridge Assumable Mortgages / Information for Sellers   |   Lethbridge Real Estate Mortgage Qualification Calculator   |   Reciprocal Real Estate Link

Privacy Policy

Copyright©2005-2018 www.TeamMiller.ca Lethbridge Assumable Mortgages