Buying a property is likely the largest purchase of your life. It’s a big decision that includes a significant financial commitment. It’s a good idea to do your homework, to make sure you’re ready to buy, and to seek out experts for advice—such as a licensed mortgage broker. Getting ready in this way can also help you ensure you don’t become the victim of, or unwittingly take part in, mortgage fraud.
If you suspect you may be getting involved in a fraudulent transaction, report your suspicions to the Real Estate Council of Alberta.
Mortgages carry large financial commitments and risks. Mortgage brokers can help you understand your risks and responsibilities as a borrower.