01
NOV
2013

Your Calgary Mortgage Broker: Clearing Up Closing Costs

For many people buying their first home, every step of the way can seem complicated and confusing. When it comes to closing costs, many home buyers enter the process completely unaware that they even exist – let alone what they mean and how they add up. Closing costs can be...
18
OCT
2013

Calgary Mortgage Broker: How to Become a Rental Property Owner

Owning a rental property is a great investment and can even help you pay off your mortgage faster, and the time to get involved in the market couldn’t be any better. With Calgary’s rental vacancy rate around 1 per cent, rental properties are in extremely high demand. Earlier this...
15
OCT
2013

How Much Should you Budget for Calgary Mortgage Closing Costs?

5. Forget To Budget For Closing Costs Don’t forget to speak with your with your mortgage broker or banker about closing costs. Figure out how you will be able to cover the expenses ahead of time – don’t be caught off guard! The exact list of closing costs will vary from contract...
11
OCT
2013

Your Calgary Mortgage Broker: Renting Vs. Owning

Buying a home is one of the biggest financial decisions most people make, and there are plenty of arguments in favour of home ownership. Security, pride, and investment potential are all good reasons to buy. On the other side of the coin, renting means you don’t have to pay for...
08
OCT
2013

Don’t Spend Your Calgary Mortgage Down Payment!

4. Spending Their Down Payment It seems silly, but this is a predicament in which many homebuyers find themselves. In Canada, homebuyers are required to provide a minimum of a 20 per cent down payment for an uninsured mortgage, and a minimum of a five per cent needed for an...
01
OCT
2013

What Not to Do Before You Take Possession of Your Calgary Mortgage

3. Taking Out Another Loan or Making a Large Purchase Somewhat similar to point number one, taking out another loan (for example, to purchase a vehicle) while in the pre-approval process can raise red flags for your lender when they check your credit at closing time. By making...
27
SEP
2013

How Are My Calgary Mortgage Rates Determined?

If you are in the market to buy a home, simply knowing the current Bank of Canada mortgage rate is not enough. Calgary mortgage rates fluctuate, and those without an understanding of how rates are determined can find themselves unprepared for changes. Whether you are just...
24
SEP
2013

Does Your New Job Affect Your Calgary Mortgage?

2. Changing Jobs Before Taking Possession Since your lender took your salary and employment history into careful consideration when deciding the amount of loan you qualify for, it makes sense that a change in either would cause concern on their behalf. Switching jobs while in the...
17
SEP
2013

Don’t Threaten Your Calgary Mortgage with a Credit Card Purchase

There can hardly be a more important purchase than a new home. Since will be the place where you spend the most time, everyone wants to find a property they love, that works for them and that they can afford. Thankfully, Calgary and area has lots of options when it comes to real...
06
SEP
2013

How Healthy is the Calgary Real Estate Market? Mortgages By Candice

Determining the right time to sell your home has always been a challenge. Many homeowners try to time a sale for when the market is peaking, but that can be like trying to predict when the stock market is at its highest. Without the advice of a knowledgeable Calgary mortgage...