Over the past few years, Calgary has witnessed an ongoing, and sometimes fierce, public debate on the topic of secondary suites in single-family homes. The debate is fueled by a number of factors, including economic and lifestyle trends that are driving the increased demand for legal secondary suites in existing housing stock and new construction. […]
Despite the undeniable impact of energy industry woes on Canada’s real estate market, overall property values in Calgary have not suffered any significant impact. Even more importantly, consumer confidence remains high. In the Calgary Real Estate Board’s (CREB) August 4, 2015 report entitled Calgary Regional Housing Market Statistics, Chief Economist Ann-Marie Lurie reports, “Despite weaker […]
Sometimes buying your first home isn’t as glamorous as you may think. We go over some common first time home buying disasters to help you know what you should watch out for. It is important to be prepared as sometimes these disasters can happen. Learn what to do if you find yourself in […]
Make your first time home buying experience a good one! There are some things you need to look out for to ensure your experience goes smoothly. It is important to do your homework and work with a great real estate agent. See more tips here! http://ow.ly/AxYvU
Are you wondering how banks and lenders approve mortgages and loans? It’s not as complicated as you might think! You will need to be prepared to answer the banks questions, provide documentation, and finally prove out the math that indicates you are ready to be approved. These three simple steps can bring you […]
This video explains that you shouldn’t need to be creative when talking with a bank or lender. It is important to layout what it is you are looking for and ensure your math works to better your chances of receiving financing.
This video explains what mortgage insurance is and how it protects the lender. It explains that based on the amount of your down payment customers may need to purchase mortgage insurance. How this cost is determined is then further explained to give individuals a full understanding of how mortgage insurance works.
This video addresses lenders who are offering low interest rate mortgages. It explains that customers should be aware of other terms and conditions when agreeing to such mortgages to ensure they are receiving the same value. Examples of banks and lenders who have offered such deals are further investigated.
This video defines what a payout penalty is and the benefit it has for banks and lenders. The different types of payout penalties are covered and explained to ensure someone seeking a to pay off their mortgage early is aware of potential penalties and how much those will cost them.
This video outlines what a repayment privilege is and how it is used. It covers how repayment privileges differ for commercial mortgages and business loans versus residential mortgages. It also indicates that not every lender offers the same privileges so to be aware of what offer best suits the customer’s needs.