28
MAR
2014

Tips For Renewing For the Best Calgary Mortgage Rates: Use a Broker

When you bought your home, you probably put considerable effort into finding your home loan. Unfortunately, when renewal time rolls around, too many Canadians make the mistake of going with their current lender’s first offer. Your mortgage renewal is a perfect opportunity to...
31
JAN
2014

What is The Prime Rate? Calgary Mortgage Rates Explained

Many buyers make the mistake of falling in love with a house and then going directly to their bank for a loan. Chances are good that the banker will review your credit and make an offer you could refuse — if you knew a little bit more about the process. The best way to learn is...
07
JAN
2014

Why Pay Off as Much Debt As Possible?

1. Pay Off as Much Debt As Possible Just about everyone carries some amount of debt these days, and it’s nothing to be ashamed of. Lenders expect that clients will have some sort of loan or credit payment due monthly, but most prefer that their clients carry no more than 42 per...
31
DEC
2013

Why Should You Learn The “5 Crucial Steps Before Applying for Mortgage Pre-Approval?”

Whether you think you’re ready to get into your first Calgary starter home or if you’re looking to relocate someplace a little calmer like Okotoks, before applying for mortgage pre-approval take these steps into consideration. By carefully implementing home buying plans you can...
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...
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...
04
OCT
2013

What Are Debt Ratios? Calgary Mortgage Rates Understood

Earning a steady income, living within our means, and owning a home are all important steps on the road to financial security. But being able to manage your debt is not just a sign of responsibility, it’s also one of the key methods used to determine whether or not you will...
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...
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