Calgary Real Estate Blog

Red Flags for Buying a Condo

Posted on Nov 24, 2014 in Calgary Condo Buying Tips

Condominium ownership is a very new alternative to traditional property ownership. The ability for a group of people to each own their own units, but share common expenses, and still live in harmony, has created some huge benefits for buyers. However, if you didn’t know at least some of the benefits, then you likely wouldn’t be considering purchasi...

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Finance Friday- 5 Factors That Decide Your Credit Score

Posted on Nov 24, 2014 in Calgary Real Estate Finance Tips

Credit scores range between 200 and 800. Scores above 650 are considered desirable for obtaining a mortgage. These factors will affect your score.

Your payment history. Whether you paid credit card obligations on time.

How much you owe. Owing a great deal of money on numerous accounts can indicate that you are overextended.

The length of your credit h...

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Finance Friday- 8 Ways to Improve Your Credit

Posted on Jun 13, 2014 in Calgary Real Estate Finance Tips

Credit scores, along with your overall income and debt, are a big factor in determining if you’ll qualify for a loan and what loan terms you’ll be able to qualify for.

1. Check for and correct errors in your credit report. Mistakes happen, and you could be paying for someone else’s poor financial management.

2. Pay down credit card bills. If possible...

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Finance Friday- Budget Basic Work Sheet

Posted on Jun 13, 2014 in Calgary Real Estate Finance Tips

The first step in getting yourself in financial shape to buy a home is to know what you make and what you spend now. List your income and expenses below.


  • Take-Home Pay/All Family Members
  • Child Support/Alimony
  • Pension/Social Security
  • Disability/Other Insurance
  • Interest/Dividends
  • Other
  • Total Income


  • Rent/Mortgage
  • Life Insurance
  • Health/Disability I...

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Finance Friday- 8 Steps to Getting Your Finances in Order

Posted on Jun 13, 2014 in Calgary Real Estate Finance Tips

  1. Develop a family budget. Instead of budgeting what you’d like to spend, use receipts to create a budget for what you actually spent over the last six months. One advantage of this approach is that it factors in unexpected expenses, such as car repairs, illnesses, etc., as well as predictable costs such as rent.
  2. Reduce your debt. Generally speaking...

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Finance Friday- 10 Questions to Ask Your Lender

Posted on Jun 13, 2014 in Calgary Real Estate Finance Tips

Be sure you find a loan that fits your needs with these comprehensive questions.

1. What are the most popular mortgage loans you offer?

2. Which type of mortgage plan do you think would be best for us? Why?

3. Are your rates, terms, fees, and closing costs negotiable?

4. Will I have to buy mortgage insurance? If so how much will it cost and how long wi...

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