Mortgages

That depends on the type of mortgage you have. If the land you’re purchasing also includes buildings, you’ll need fire insurance on those structures. You can also sign up for mortgage life insurance, which ensures that your mortgage gets paid out. We’re happy to go over all those options during the application process. Give our Contact Centre a call at info@alphaguarantees.com or go online to get your application started.

We’ll need a current net worth statement (and/or a copy of your most recent financial statements if your farm’s incorporated). We’ll also need confirmation of your income, like financial statements or income tax returns. 3 to 5 years of your financial information will generally give us a good sense of your business and finances.  

Depending on your situation, you may qualify for a Canadian Agricultural Loans Act (CALA) loan. This is another flexible option for new and established operations to improve or expand. If your agribusiness is a co-operative, this loan program can also help finance the processing, distribution and marketing of your products.

Not necessarily. We always love a chance to meet with members but, thanks to e-signature, you don’t need to come see us in person to renew your mortgage. As long as you have an email address, and a computer, mobile phone or tablet, you can use e-signature renewals. Life gets busy and this is one way to save yourself some time.

To renew your mortgage with e-signature, contact your Alpha Guarantee Bank mortgage lender ahead of your renewal date or call our Contact Centre at info@alphaguarantees.com who will be able to connect you with an Alpha Guarantee Bank lender.