Edmonton Blog

First-time buyer’s guide to a typical Edmonton home inspection

January 2, 2019

If you are a first time home buyer in Edmonton, you may be wondering what to expect from a home inspection. Home inspections are basically a part of the standard contingency for buyers so that they can be assured that their future home is structurally sound before moving in. However, many buyers underestimate the importance of carrying out a home inspection and making sure it is done correctly bef...

Read more

Documents required to get the best mortgage rate

November 29, 2018

Buying a house is both an exciting and stressful process. There are many steps to getting approved for a mortgage and even more paperwork that comes with it. Save yourself from worrying and follow this guideline so that you can feel assured that you have everything you need during the home buying process. Pre-approval This part is not technically part of the process; it is instead more of a mark...

Read more

Different Ways to Get a Mortgage Loan

November 2, 2018

The most substantial financial commitment you will likely make is a real estate loan. You will probably be tied into a contract for a few decades, which is why the option you choose is so important. The type of loan that is best will vary from person to person. Here are the different sources you can get a loan from how they stack up to each other: Mortgage Brokers Your choices will depend on t...

Read more

Tips to Get a Mortgage With No Down Payment

October 29, 2018

The difference between renting and buying a home for most people is saving for the down payment. Most monthly mortgage payments amount to similar costs as your monthly rent. Even modestly priced homes can seem unrealistic when you consider the traditional 20% down payment and various closing costs. If you are ready to take on the responsibility of owning a home but do not have enough for a down pa...

Read more

Do Mortgage Rates vary depending on the type of house or condo

September 12, 2018

There is not one set mortgage rate that everyone gets when it comes time to buy a property. Depending on your own financial situation, the downpayment you are placing on the home, the location, and also what kind of property you are purchasing. It is relatively common knowledge that if you are buying a business or commercial property that the mortgage rate will be higher, often by around 25%-75%. ...

Read more

refinance mortgage

4 Valuable Mortgage Tips for Fist Time Home Buyers

July 30, 2018

Buying a home for the first time is a huge financial step forward. It is an investment like none other and one that needs to be taken seriously. Housing markets across Canada are vastly different, and the Edmonton market is no exception. The Edmonton market features affordable homes, with steady growth, and lacks in nasty surprises that plague other more volatile markets. It is an excellent market...

Read more

Picture of a home for sale house sitting with a mountain in the backdrop

Is it Possible to Buy a House with No Down Payment and Bad Credit?

July 15, 2018

Life is not without hiccups. There are many reasons why someone may not have a good credit score, but regardless of someone's credit score, they will reach a time in their life where they will want to become a homeowner. Is it possible, though, for someone with bad credit to procure a mortgage and purchase a home? Or someone without a down payment? Or someone with a low credit score and without a ...

Read more

Tips to Budget your Monthly Mortgage Payment

June 28, 2018

Mortgage payments occupy a large chunk of all homeowners’ monthly expenses. People, who plan on residing in the same house for numerous years to come, employ various methods to pay their entire mortgages earlier than anticipated. Being liberated from mortgages earlier may help you save thousands of dollars in interest, completely own the house, and significantly reduce monthly expenses. Monthly...

Read more

Mortgage Rules

How to Get Best Mortgage Rates?

June 28, 2018

When you are purchasing a home or renewing your mortgage, whether for the first time or not, then you want to get the best rate possible. A lower mortgage rate will help save you money that you can then use to pay down your mortgage faster or save up for a rainy day. How do you get a great mortgage rate though? There are a few tips and tricks to securing a great mortgage rate, but one of the most ...

Read more

Mortgage Application Form

Getting Out Of A Mortgage Is Possible

May 14, 2018

When you agree to a mortgage and sign on that dotted line, you enter into a long, legally-binding commitment. Depending on your terms, a mortgage can outlast the house/property or even its owner. With mortgage terms lasting several decades, it’s understandable that sometimes people want a way out. Here are a few ways homeowners can get out from under their mortgages. Defaulting Or Walking Away ...

Read more

mortgage advisor