Winnipeg Home Purchase Mortgages
Winnipeg and Manitoba Mortgages Made Easy
Unlock Your Dream Home Today: Expert Mortgage Solutions for Hassle-Free Home Purchases!
We are your trusted Winnipeg and Manitoba Mortgage Brokers
Schedule a CallWhy Choose Us For Your Home Purchase Mortgage Needs?
We are one of the most respected brokerages in the Winnipeg area when it comes to Mortgages for your home purchase. Our goal is to provide the people of Manitoba with some of the best mortgage solutions anywhere in the province.
-
1
Wide Range of Options
As Winnipeg Mortgage brokers, we offer access to numerous lenders, including those not available to the public, ensuring you find a mortgage product that perfectly fits your financial needs.
-
2
Expert Guidance
With our mortgage expertise, we provide personalized advice to navigate complex mortgage terms and conditions, helping you make well-informed decisions.
-
3
Cost and Time Efficiency
We are able compare various mortgage deals to secure competitive rates and terms, potentially saving you money and simplifying the application process to save you time.
-
3
Ongoing Support
From start to finish, mortgage brokers such as ourselves, offer continuous assistance, handling paperwork, resolving issues, and ensuring a smooth mortgage application process.
More About The Spooner Group
The Spooner Group originated in 2016 when Tracy founded the brokerage. We offer over 32 years of experience in mortgage financing, real estate and law. Our award-winning team is looking forward to assisting you with all your mortgage needs.
We offer competitive mortgage rates with many features for you to choose from. Our unbiased advice will continue long after your mortgage has funded. We look forward to building a relationship with you for years to come.
What Our Winnipeg Mortgage Clients Have To Say
'Taylor was amazing! She helped us buy our first home with no stress, she was very responsive and helped us with any issues / questions we had. Will definitely recommend the spooner group to anyone i know in need of a mortgage group !'
Jenna Maclean
'The Spooner Group is amazing! Super helpful and will promptly answer all questions. Really loved my experience working with this team.'
Courtney Sabo
'Tracy is absolutely FANTASTIC. She goes above and beyond to help her clients. She's extremely professional and friendly to talk to, and is very knowledgeable about what she does. I would definitely recommend!!'
Katrina Maleski
'Couldn’t ask for better service! They went out of his way to ensure we got approved quickly on our mortgage so we could put in an offer. Being first time home buyers he was able answer any questions that we had and was very communicative throughout the whole process. Thank you Dave!'
Lane Sokolowski
Winnipeg & Manitoba Home Purchase Mortgages Frequently Asked Questions
We get lots of questions from Winnipeg home owners when it comes to getting a mortgage for your new home purchase. Below are just a few of the most common items and as always, we are glad to answer any questions you might have.
What is the amortization period for a mortgage?
The amortization period is the total length of time it takes to pay off a mortgage. Longer amortization periods result in lower monthly payments, but more interest paid over time. In Canada, if your down payment is less than 20%
How do interest rates work for mortgages?
Mortgage interest rates can be fixed, variable, or a hybrid combination. Fixed rates stay the same throughout the term, offering stability. Variable rates can change, potentially affecting your payment amount.
What are the payment frequency options for mortgages?
Payment frequency options include monthly, semi-monthly, biweekly, weekly, and their accelerated counterparts. Accelerated payments effectively allow you to make one extra monthly payment per year, reducing your interest costs significantly over the life of your mortgage.
What is an insured mortgage?
In Canada, any home purchase with less than a 20% down payment requires mortgage default insurance. This insurance protects lenders in case the borrower defaults. It enables more Canadians to qualify for mortgages, especially first-time homebuyers, but it comes with additional costs.
How does mortgage insurance work and what are its costs?
Mortgage insurance premiums in Canada are paid upfront and are based on your down payment amount. The premiums decrease as the down payment increases. You can choose to pay this premium in a lump sum or add it to your monthly mortgage payments
What are the main differences between insured and conventional mortgages?
Insured mortgages, often with a down payment of less than 20%, include mortgage insurance premiums that protect the lender. Conventional mortgages, with a down payment of 20% or more, don't require these insurance premiums, typically resulting in lower overall costs and allowing for longer amortization period.
Have Questions?
Not Sure Where To Start?
Let's schedule a quick call.
Zero-hassles and zero-obligation.
