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Stories Tagged - pre approval
News
Feb. 22, 2021 | Andrea Cox
Tips for buyers and sellers in what promises to be an active spring housing market
With spring on the horizon – bringing warmer days, blooming flowers, plenty of sunshine and increased optimism – Calgary's real estate market is poised for a flurry of activity.
News
Sept. 09, 2020 | Tyler Difley
Industry vocabulary: an introduction to the language of mortgages
If you're a first-time homebuyer, many aspects of the purchase process can be confusing and stressful, including financing. While the mechanics of a mortgage are relatively simple, choosing the right mortgage product can be far from it, as many of the choices available to buyers are obscured by complex and unfamiliar terminology.
To help you cut through the jargon, here's an alphabetical list of common mortgage terms and their definitions:
To help you cut through the jargon, here's an alphabetical list of common mortgage terms and their definitions:
News
April 09, 2020 | Jim Zang
Maxing out: why mortgage pre-approvals can be a double-edged sword
Everyone's heard the term "house poor," referring to anyone who spends a large portion of their income on homeownership, leaving little money left for other expenses or small luxuries. It's a classic case of one's eyes being bigger than their stomach.
That's why getting a mortgage pre-approval can be a double-edged sword – it's nice to know what you can afford, but it's awful tempting to go ahead and spend to the maximum you're approved for. However, this decision can leave buyers vulnerable to fluctuations in the housing market or the overall economy.
That's why getting a mortgage pre-approval can be a double-edged sword – it's nice to know what you can afford, but it's awful tempting to go ahead and spend to the maximum you're approved for. However, this decision can leave buyers vulnerable to fluctuations in the housing market or the overall economy.