What is Mortgage Refinancing?
Posted on Sep 02, 2020
Mortgage refinancing is the act of paying off an existing mortgage with a brand new one. Homeowners do this to take advantage of a lower interest rate, consolidate debt, change mortgage types, or access the equity in their home.If done carefully, refinancing can save you thousands of dollars over the course of your mortgage. If you keep the same mo...
5 Questions to Determine How Big of a Home You Actually Need
Posted on Sep 02, 2020
1. Is this my ‘forever’ home, or is ‘right now’ good enough?
While you can’t predict the future it is possible to evaluate the likelihood you might be moving in coming years. If so, then maybe you don’t need to buy that perfect “forever home” where you’ll grow old; maybe a “right now” home is good enough.
2. What will my income look like later?
If you...
August home sales consistent, but COVID-19 impacts continue
Posted on Sep 02, 2020
City of Calgary, September 1, 2020 –
Total residential sales in August were relatively stable compared to last year with year-over-year gains in the detached and row sectors.
These gains offset declines in the apartment and semi-detached products.
With 1,573 sales in August, this is consistent with levels over the past five years. Year-to-date sales a...