Category: Uncategorized
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Current Mortgage Rates In Alberta
Fixed mortgage rates in Alberta average around 3.8% at brokers and over 4% at major banks, with variable rates starting near 3.5%. The Bank of Canada is expected to hold its overnight rate at 2.25%, keeping variable rates stable. Fixed rates remain steady due to stable government bond yields. Borrowers can lower rates by improving…
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How Can Small Investors Enter Real Estate? | Discover your path to homeownership with me today.
Emerging Canadian fintech allows homeowners to access $50K or 17.5% of home equity. Home-equity sharing agreements provide cash without debt, ending upon sale or buyout, up to 25 years. Co-investing startups help buyers with 20% down payments, splitting future gains proportionally. Small investors can buy fractional property stakes starting at $500, building diversified real estate…
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ਕੈਨੇਡਾ ਵਿੱਚ ਪਹਿਲੀ ਵਾਰ ਘਰ ਖਰੀਦਣ ਵਾਲਿਆਂ ਲਈ ਮਾਰਗਦਰਸ਼ਨ
ਕੈਨੇਡਾ ਵਿੱਚ ਪਹਿਲੀ ਵਾਰ ਘਰ ਖਰੀਦਣ ਵਾਲਿਆਂ ਨੂੰ ਘੱਟ ਉਪਲਬਧਤਾ, ਸਖ਼ਤ ਮੋਰਟਗੇਜ ਨਿਯਮ ਅਤੇ ਉੱਚੀਆਂ ਕੀਮਤਾਂ ਵਰਗੀਆਂ ਚੁਣੌਤੀਆਂ ਦਾ ਸਾਹਮਣਾ ਕਰਨਾ ਪੈਂਦਾ ਹੈ। ਘਰ ਖਰੀਦਣ ਤੋਂ ਪਹਿਲਾਂ ਆਪਣੀ ਵਿੱਤੀ ਅਤੇ ਭਾਵਨਾਤਮਕ ਤਿਆਰੀ ਦਾ ਮੁਲਾਂਕਣ ਕਰਨਾ ਜ਼ਰੂਰੀ ਹੈ। ਵੱਖ-ਵੱਖ ਫੈਡਰਲ ਅਤੇ ਪ੍ਰਾਂਤੀ ਪ੍ਰੋਗਰਾਮ, ਜਿਵੇਂ ਕਿ ਟੈਕਸ ਕਰੈਡਿਟ, ਡਾਊਨ ਪੇਮੈਂਟ ਲੋਨ ਅਤੇ ਗ੍ਰਾਂਟ, ਮਦਦ ਲਈ ਉਪਲਬਧ ਹਨ।…
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How Portable Mortgages Actually Work | Discover your path to homeownership with me today.
Portable mortgages let homeowners transfer an existing low-rate loan to a newly purchased property. When upgrading to a pricier home, borrowers must cover cost differences with cash or higher-rate loans. The U.S. lacks portable mortgages due to long loan terms and reliance on mortgage-backed securities. Portability works abroad because shorter mortgage terms reduce risk of…
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How Does a Mortgage Work in Canada?
A mortgage is a loan for purchasing real estate, involving key components like loan amount, down payment, repayment period, interest rate, and mortgage term. The application process includes pre-qualification, pre-approval, and formal application, requiring financial documents. Approval depends on credit score, savings, income, and debt. Interest rates can be fixed or variable, affecting payment stability.…
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Down Payment Tips for First-Time Homebuyers
A down payment reduces the total price of a new home, with the remaining cost financed by a mortgage. In Alberta, the minimum down payment varies by home price: 5% for homes up to $500,000, 5% on the first $500,000 and 10% on the remainder for homes priced between $500,000 and $999,999, and 20% for…
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Mortgage Questions Every Canadian Should Ask | Discover your path to homeownership with me today.
Understanding mortgage type, rate, and term helps avoid renewal shocks, penalties, and costly long-term financial commitments. Clarify amortization period, down payment, and insurance requirements to balance affordability with total interest and borrowing costs. Account for all closing costs, fees, and taxes upfront to prevent last-minute financial strain during home purchase. Learn about prepayment options, penalties,…
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ਫਸਟ ਹੋਮ ਸੇਵਿੰਗਜ਼ ਅਕਾਊਂਟ (FHSA) ਦਾ ਸਹੀ ਉਪਯੋਗ ਕਿਵੇਂ ਕਰੀਏ
ਫਸਟ ਹੋਮ ਸੇਵਿੰਗਜ਼ ਅਕਾਊਂਟ (FHSA) ਪਹਿਲੀ ਵਾਰ ਘਰ ਖਰੀਦਣ ਵਾਲੇ ਕਨੇਡੀਅਨ ਖਰੀਦਦਾਰਾਂ ਨੂੰ $40,000 ਤੱਕ ਟੈਕਸ-ਮੁਕਤ ਬਚਤ ਕਰਨ ਵਿੱਚ ਮਦਦ ਕਰਦਾ ਹੈ। ਇਸ ਵਿੱਚ $8,000 ਦੀ ਸਾਲਾਨਾ ਹੱਦ ਹੈ ਅਤੇ ਨਾ ਵਰਤੀ ਰਕਮ ਅਗਲੇ ਸਾਲ ਲਈ ਲਿਆਈ ਜਾ ਸਕਦੀ ਹੈ। ਯੋਗ ਘਰ ਖਰੀਦਣ ਲਈ ਨਿਕਾਸੀਆਂ ਟੈਕਸ-ਮੁਕਤ ਹਨ, ਜਦਕਿ ਗੈਰ-ਯੋਗ ਨਿਕਾਸੀਆਂ 'ਤੇ ਟੈਕਸ ਲੱਗੇਗਾ। ਰਕਮ ਨੂੰ…
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5 Tips to Secure Your Best Mortgage Lender | Discover your path to homeownership with me today.
Know your finances first by checking your credit score, income, expenses, and budget before approaching lenders. Research lender types like banks, credit unions, brokers, and online lenders to find the best fit for your needs. Compare rates and terms carefully, including fees and loan programs, using Loan Estimates to get the full picture. Evaluate customer…
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Airdrie Homebuyers Benefit as Supply Grows, Prices Ease
Housing market activity in Calgary has slowed, with new listings reaching a record high in October, keeping inventories elevated at 535 units. Sales remain consistent with long-term trends, but the supply exceeds four months, putting downward pressure on resale home prices. In Airdrie, home prices have declined since April, with the October benchmark price at…