Purchasing a home is one of the most significant financial investments you'll make in your lifetime, and for most Canadians, it involves securing a mortgage. While many aspects of the homebuying process are straightforward, one topic that can be confusing for some is mortgage insurance. In Canada, mortgage insurance plays a critical role in helping individuals and families achieve their homeownership dreams. In this blog, we will delve into what mortgage insurance in Canada is, how it works, and why it's essential. What Is Mortgage Insurance? Mortgage insurance in Canada is a financial safeguard designed to protect lenders in case a borrower…

The dream of homeownership is a significant milestone for many individuals and families. It often starts with understanding credit scores and how they impact your ability to secure a mortgage. Your credit score plays a vital role in determining not only whether you qualify for a mortgage but also the interest rate you'll receive. In this blog, we'll demystify the connection between credit scores and mortgages, equipping you with the knowledge you need to embark on your homeownership journey. 1. What is a Credit Score? Before delving into mortgages, it's essential to understand what a credit score is. It's a numerical representation…

There's something deeply satisfying about adding a personal touch to your living space. DIY (Do-It-Yourself) projects not only allow you to unleash your creativity but also help you create unique pieces that reflect your personality and style. In this blog, we'll explore a variety of DIY projects that can enhance your home decor and turn your living space into a reflection of your creativity and individuality. 1. Hand-Painted Canvas Art: Unleash your inner artist by creating custom canvas art. You don't have to be a professional painter; abstract and minimalist designs can be just as impactful. Experiment with colors, shapes, and textures…

Edmonton's housing market is known for its competitive nature, and for those looking to buy a home in this vibrant city, the journey can be both exciting and challenging. With its booming economy, diverse communities, and a growing population, finding the perfect home in Edmonton requires a strategic approach. In this blog, we'll provide valuable tips and insights to help you navigate Edmonton's competitive housing market successfully. 1. Define Your Budget: Before you start your home search, determine your budget. Factor in not just the purchase price, but also property taxes, insurance, maintenance, and potential renovations. Being clear about your financial limits…

Support local this Christmas

There are many ways to show support in your community over the holidays, shopping locally helps smaller business grow. Many merchants have unique items and traditional items and they work very hard to supply the best products they can.

Original Article Source Credits:   Calgary Herald , https://calgaryherald.com/

Article Written By:  Shelly Hagan and Erik Hertzberg

Original Article Posted on:  March 22, 2021 

Link to Original Article:  https://calgaryherald.com/real-estate/more-canadians-than-ever-before-are-expecting-higher-home-prices/wcm/8fa7041c-b8bc-430f-94df-b927604ebcaf

A mortgage is a huge financial responsibility, but it helps fulfill the homeownership dream for many home buyers. However, applying for a mortgage requires a thorough understanding of the housing market, and its rules continually change. As a layperson, going through complex mortgage procedures could lead to confusion and misinterpretation. Therefore, it’s best to enlist a mortgage broker’s services to relieve some of the stress and obtain assistance in applying and submitting necessary documents for a mortgage.