Best Mortgage Rates
First Time Home Buyer Mortgage
Lendevi Expert Advice
New Down Payment Rules as of February 2016:
5% on the first $500,000 = $25,000
10% on the next $200,000 = $20,000
A total of $25,000 + $20,000 = $45,000
Portability
If you plan to live in the home for more than five years, you need not worry about portability that is, shifting the mortgage to a new property.
Low-Frills Mortgages
If you don’t plan on moving, refinancing or making huge prepayments in the upcoming five years, you can consider low-frills mortgages.
Extra-Savings
Most first-timer buyers opt for a 5-year fixed rate because they cannot afford an interest risk.
Hybrid Mortgages:
If you do go variable, look for one that maintains your payment the same regardless of interest rate variations. It’s easier for budgeting and gives you peace of mind if rates start climbing.

Portability
If you plan to live in the home for more than five years, you need not worry about portability that is, shifting the mortgage to a new property.

Low-Frills Mortgages
If you don’t plan on moving, refinancing or making huge prepayments in the upcoming five years, you can consider low-frills mortgages.

Extra-Savings
Most first-timer buyers opt for a 5-year fixed rate because they cannot afford an interest risk.

Hybrid Mortgages:
If you do go variable, look for one that maintains your payment the same regardless of interest rate variations. It’s easier for budgeting and gives you peace of mind if rates start climbing.
When we say YES! We stand behind our

Mortgage Solutions
First Time Home Buyer Mortgage
STEPS & PROCESS
Easy Approval Process

CHOOSE YOUR SERVICE
Why You Should Choose AKAL Mortgages Inc.

Borrowers
- When we say YES! We stand behind our promise
- Mortgage solutions based on your needs and qualifications
- Fast approvals and quick closings
- Save time and money
- Lower mortgage rates due to lender discounts and promotions
- Licensed, knowledgeable and experienced
- Protect your credit score
Brokers
- The Most Important: Dedication to our agents!
- Bootcamp-3-days: Learn Lead Generation, Products and Underwriting
- Training: Weekly training and industry updates, One on one support
- Mentoring: Specialize in Residential, Business and Commercial
- Lead Generation: Proven successful campaigns to generate leads
- Personal website; mobile Apps; online virtual meetings, e-signatures
- Lenders: VIP access to more lenders and top tier compensation
- Professional office (at no cost to you): Meet your clients at the office

FAQ
Frequently Asked Questions
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