Downpayment options for first-time homebuyers

Downpayment Options for First-Time Home Buyers

One of the main questions I get from first-time homebuyers is, “Where do I find my downpayment?” With most of my first-time buyer clients, we look at a few downpayment options to buy a home. What is a Downpayment? A…

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Be Life Rich, Not House Poor. Why you should stay within your pre-approval budget.

Be Life Rich, Not House Poor

When I work with clients on their mortgage pre-approvals, there’s one key component I like to stress. Buying at the top end of your pre-approval budget could be setting you up for tighter expenses and stress down the road. Being…

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3 Quick Tips For Making an Offer on a Home

3 Quick Tips for Making an Offer on a Home

You’ve found the right home and you’re thinking of making an offer. This is where the home buying process tends to move quickly, so it pays to be prepared!  Ideal homes often receive offers within days of being listed. And…

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4 Signs You're Ready to Be a Homeowner

4 Signs You’re Ready to Be a Homeowner

How do you actually know when you are ready to be a homeowner? Many people will say that homeownership is one of the greatest investments you can make. And while those people aren’t wrong with that statement (if you do…

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My Top 5 Tips For First-Time Homebuyers | Jacqueline Mortgages | Edmonton Mortgage Broker

Top 5 Tips for First-Time Homebuyers

As first-time homebuyers, shopping for a home can be overwhelming if you don’t know where to start!  But, as I like to say, it’s all about making mortgages (and the home buying process!) simple. Over my 18 years of experience…

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New Rules Limit First Time Homebuyers

Last week  (Oct. 2016),  the Federal government announced tighter mortgage rules that will affect home buyers, especially First Time Homebuyers. The tightened mortgage lending rules will limit the amount many Canadians can borrow to help ensure that when interest rates rise, they’ll…

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What are closing costs?

What Are Your Real Closing Costs?

What are Closing Costs? Congrats! You saved for a downpayment and now you are ready to buy. The mortgage and downpayment cover the purchase price of the home. There are other costs involved with purchasing a home, referred to closing…

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