Found 3 blog entries tagged as buying home.

Easy Ways to Make Buying a Home More Affordable Featured Image

Regardless of whether you’re a first-time buyer or an experienced owner looking to purchase your second (or third, or fourth) home, the fact remains: buying a home is a huge financial undertaking. The good news is, the ability to afford a new home is anything but impossible; all you need to do is utilize the right home buying strategies ahead of time.

Improve Your Credit Score 

When it comes to securing a mortgage loan, your credit is the number one determining factor - and the higher your score, the more affordable your loan will be overall. For this reason, we recommend getting your credit in tip-top shape before approaching a lender or bank. After all, who doesn’t want to save thousands of dollars over the lifetime of their loan?

A few…

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Buying a Home: 14 Hidden Costs to Prepare For Featured Image 

When it comes to buying your first or next Edmonton home, don’t let these additional expenses catch you off guard. Here are 14 hidden costs to prepare for on your new home purchase:

1. Mortgage Penalties

Unless you plan on porting your mortgage or blending and extending, you’ll likely need to break your mortgage contract. As a result, you may need to pay a prepayment penalty, which will vary according to your contract terms. Be sure to consult your current lender in advance.

Free Mortgage Penalty Calculator

2. Mortgage Loan Insurance

Any down payment on a home in Canada less than 20% will require mandatory mortgage loan insurance. While you will need a minimum down payment of at least 5%, keep in mind, the more you put down, the more…

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9 Steps to Buying a Home Main Image

Even if you’ve done it all before, the home buying process can be downright overwhelming. But the good news is, with the right advice and guidance, your next home purchase can be quick, easy and even enjoyable – all you need to do is take the right steps. 

Here are the nine key steps every buyer should take when purchasing a home: 

1. Find Out How Much You Can Afford

First thing’s first: you’ll want to get an idea of how much home you can afford. This applies to how much you can (and are willing to) pay for a monthly mortgage payment, down payment and other additional expenses (i.e. closing costs). Remember, to afford a home in Canada, you must come up with a minimum down payment of 5%. With the help of a free Mortgage Calculator, you’ll be…

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