Diane Richardson


Office Location:
CIR Realty Calgary
130, 703 - 64th Ave. S.E.

Calgary, AB
T2H 2C3

Diane Richardson 

Cell: 403.397.3706


403-397-3706 E-Mail Me Now

Why Use a Mortgage Broker?

Brokers have a success rate of over 90% that we will secure a better interest rate and mortgage terms than any individual working on their own. Because of our daily contact with lenders, we know which types of mortgage products to use based on economic circumstances and we know where the best rates and terms can be found. Most importantly, we have the knowledge required to present your financing needs and credit history to a lender, in the best way possible, which will substantially increase your chances of successfully securing your mortgage.

What are the costs of dealing with a Mortgage Broker?

Typically, resicential Mortgage Brokers do not charge any fees for their services. Fees for obtaining a mortgage are usually paid by the lender. We do not charge any additional fees to our clients.

What is a Mortgage Broker?

Mortgage Brokers represent you, the client, not the lender. Our only job is to find our clients the absolute best mortgage product to fit their needs. Mortgage brokers are similar to banks; however, brokers are able to provide a variety of different financing options from over 30 different lenders. We specialize in mortgage lending and only deal with lenders who can compete against the local branches for better rates, terms and service. Your mortgage broker is an independent Real Estate financing professional who specializes in the origination of residential and commercial mortgages.

Can I still go through my bank with a broker?

Yes, letting a Mortgage Broker represent you to your own financial institution will often result in a better rate than you could get on your own.

How much can I qualify for?

Qualifying guidelines vary depending on the lenders criteria and products available.

What if I have poor credit or no credit history?

A licensed Mortgage Agent will review your credit history and advise you on your options. There are many lenders and products available, depending on the severity  of your credit situation. With regard to interest rates, we will access the best possible rate and term depending on you particular situation. There are also mortgage options available for applicants who have never accessed credit. 

What is the minimum down payment required to purchase a home?

Generally the minimum down payment is 5% to purchase a home; however, it is currently possible to acquire this 5% through credit.

What is required to obtain a first mortgage?

In most cases: - Full time employment / proof of income - Good credit rating - Verifiable down payment.

What can I use for a down payment?

In most cases: - Registered Retirement Savings Plan - Gift from immediate family - Accumulated Savings - Sale of a existing home - Personal line of credit.

Will I need to pay Mortgage Insurance?

Mortgage Loan Insurance is typically only required when a mortgage loan is more than 80% of the purchase price of a home. CMHC insures the mortgage on behalf of the bank, through a premium added to your mortgage.


Canada Mortgage and Housing Corporation (CMHC) is a federally owned and operated institution that provides Mortgage Loan Insurance


Mortgage Broker Information kindly provided by:

Luke Wile
Mortgage Broker
Red Key Mortgage Group
P: 403.460.7707
C: 403.827.6341
F: 1.888.679.9377


#300, 5 Richard Way SW
Calgary, Alberta T3E 7M8 



Please feel free to Contact Luke for more information on how he can help you secure the best financing for your new home purchase.


Dec 31. 2011

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