Blog - mortgages

6 Key Reasons Why You NEED a Mortgage Pre-Approval

Posted by Kevin Klein on February 9th, 2021

 

Getting pre-approved for a mortgage is one of the first and most important steps in the home buying process. If you’ve been thinking about purchasing a new Edmonton home, here are six key reasons why you NEED a pre-approval before you begin your new home buying journey. 

1. It’s Better Than a Pre-Qualification

While a mortgage pre-qualification is undoubtedly beneficial, it doesn’t carry the same clout as a mortgage pre-approval. Simply put, a pre-approval is a lender's commitment to loan you a certain amount for a mortgage based on your current financial situation. 

However, during the pre-qualification process, a lender only takes a high-level view of your finances and provides a guestimate as to what they think they could lend you for a…

595 Views, 0 Comments

Buying a Condo vs House?

Posted by Diane Crossley on October 7th, 2020

The Calgary real estate market has something to offer everyone-but too many choices can feel overwhelming. This is especially true for first-time homebuyers who are often torn between the idea of looking for a spacious house, or a chic condo. Of course, there's no right answer for everyone. The best choice for you depends on your lifestyle, personality, and individual needs. Below are some pros & cons to help you decide which type of property is your best fit. 

Single Family Homes

A house is a great investment if you want total control over your home's appearance and you value space. With a house, you have more freedom in choosing the look and feel of your entire living environment. There's nothing to stop you from customizing all of the indoor…

69 Views, 0 Comments