Financing with a Calgary Mortgage Broker

Mortgage lending is a highly competitive field. Information on mortgage rates, which can change daily, is available in local newspapers, through mortgage brokers, from individual lenders and of course through conventional financial institutions. When you are shopping for a loan, interest rates tell just part of the story. You will also need to study the various fees lenders charge and many mortgages today are almost custom-tailored to individual needs with many options available.

As your RE/MAX real estate professional I can recommend lenders and Calgary mortgage brokers to check with prior to beginning any serious house hunting so you will know exactly what you can afford.
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Call us now at (403) 389-7355 for more information or email me at Manny@CalgaryCityHomes.com

There are many costs that homebuyers incur , especially upon purchasing your first home that you should expect to pay. Some of the expenses related to buying your home are one-time costs, while others are continuing costs.

Your largest cost at the beginning will be the down payment. As a first time buyer, this would likely represent only 5 - 10% of the purchase price. However, you should be prepared to pay for additional costs, such as:

• Legal Fees & Disbursements
• GST and PST (if applicable)
• Property or Land Transfer Tax
• Adjustments (reimbursed to the vendor)
  • Interest
  • Property Taxes
  • Utility Payments
• Strata or Condominium Fees
• Estoppel certificate fee
• Survey Fee
• Home Inspection Fee
• Water quality and quantity certificate
• Appraisal Fee
• Mortgage Loan Insurance Premium (if less than 25% down)
• Mortgage Loan Insurance Application Fee (if less than 25% down)
• Moving Expenses
• Renovations and repairs
• Furniture, paint, carpeting, window coverings, etc.
• Service and Utility Hook-up Fees
• Property/Condominium Insurance
• Mortgage Application Fee
• Mortgage Registration Fee

Additionally, once you have purchased your home, you will incur regular expenses on a monthly, quarterly or yearly basis. Some of these costs include:

• Mortgage Payment
• Water and/or Sewer Payments
• Electricity and Gas Services
• Cable and Telephone Services
• Property Taxes
• Strata or Condo Fees
• Repair & Maintenance Expenses
• Homeowner's Insurance

If you have any further questions regarding home mortgage financing, please call us at (403) 208-9797 and we will recommend a qualified Calgary Mortgage Broker to assist you with your needs.

Calgary MLSî

Call Your
Calgary Real Estate Agent
Manny Aldea at
(403) 389-7355 to Buy or Sell
Calgary Real Estate