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...
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...
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...
10
MAY
2013

Best Rates, Personal Service: 10 Reasons to Use a Calgary Mortgage Broker

Whether you are in the market for your first home or are interested in making changes to your existing mortgage, using a professional mortgage broker is becoming more and more common. Mortgage brokers are small business owners who rely on personal references and referrals for a...
19
APR
2013

Mortgages By Candice: 8 Steps to Stop Renting in Calgary Part 2

Many people in Calgary rent their property due to the convenience of not having to worry about maintenance and upkeep. But many others who rent in Calgary do so because they mistakenly believe they would not be able to qualify for a mortgage. At Mortgages by Candice, we can show...
12
APR
2013

Mortgages By Candice: 8 Steps to Stop Renting in Calgary Part 1

Many Calgary renters don’t think they can qualify for a mortgage. Others believe the home buying process is too difficult, too expensive or time-consuming. But, buying your own home is an investment in your future and, if handled properly, should be one of the best financial...
28
MAR
2013

Your First Calgary Home Mortgage

It’s tough to know when to delve into buying your first home. Calgary and area is a busy part of the world, with a number of people working very long hours – often away from home – and entering the real estate market just isn’t a priority for those with not enough hours in the...