Larry Arnason, Calgary's Mortgage Broker, Announces Alberta Business Expansion

Online, September 30, 2011 (Newswire.com) - Due to the increasing demand for effective and successful mortgage broker services in Alberta Mr. Arnason - one Calgary's leading mortgage brokers since 2003 - is expanding his Calgary business to include several new cities in Alberta and rural Alberta with a focus on individuals and families that have credit challenges or non-traditional incomes such as self-employment.

When purchasing a home, revenue property or looking for refinancing and debt consolidation options the approval process can be challenging; for people with low credit scores, past credit challenges, or income streams that are not the standard norm the challenges are exponentially more difficult and often result in applications being turned down or approved at a much higher rate that they could actually qualify for.

Additionally, with the announcement from Canada's financial regulator (The Office of the Superintendent of Financial Institutions) this week that it is stepping in "to increase monitoring of home loans and lines of credit" issued by the big banks in Canada, the approval process will be getting tighter and many individuals will need to access the services of a mortgage broker to help navigate the mortgage application process.

According to Mr. Arnason "With all of the recent changes in the mortgage industry people shopping for a mortgage can get caught in a negative cycle of having to submit multiple applications in an attempt to get approved and get the best terms, what they often don't realize is that every application they submit results in a credit check which can further negatively affect their overall credit score. As a broker I am up to date on all of the industry changes which enables me to help my clients complete their application with the highest chance of success. I also have access to more competitive rates and alternative financing options that individuals would not typically be able to reach on their own and we only need to do one credit check regardless of how many lenders we approach on their behalf."

With his expansion of services Mr. Arnason is also hoping to increase awareness of what a mortgage broker can do for individuals and families and clear up many common misconceptions about brokers including the wide-held mistaken beliefs that brokers charge a fee for their services, that they only handle new mortgages, and that they do not work with major banks. "We work on behalf of our clients to secure mortgage financing from a variety of lenders including banks and financial institutions. There is absolutely no cost or fees for our clients whether they are applying for a mortgage, refinancing, debt consolidation, or a mortgage renewal to use the services of a broker." Larry Arnason

Mr. Arnason is now accepting applications from new clients seeking mortgages or financing in Calgary, Airdrie, Red Deer, Lethbridge, Edmonton, and rural Alberta through his new website at http://www.larryarnason.com or by phone at their new toll free number for Alberta 1 888 722-5086