First-Time Home Buyer Incentive Program

General Lynda Thai-Baird 2 Aug

The First-Time Home Buyer Incentive launches on September 2, 2019 and was designed to help qualified first-time home buyers reduce their monthly mortgage carrying costs without adding to their financial burdens. There are a few qualifiers to apply for this incentive: you need to have the minimum down payment to be eligible your maximum qualifying […]

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Foreclosure, Bankruptcy, Consumer Proposal & Credit Counselling

General Lynda Thai-Baird 17 Jul

The Canadian Bankers Association’s latest report on mortgage delinquency shows that Alberta has the third highest per capita of all the provinces at .49%. The national average shows that .25% of home owners are having difficulty paying their mortgage. At first glance these numbers seem relatively small until you note the fine print that “delinquency” […]

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Buying a Home with a Rental Suite

General Lynda Thai-Baird 3 Jul

As the prices of homes have elevated in many locations over recent years, often aspiring homeowners will consider buying a property with intent to rent out part of the space, such as a basement or spare bedroom, to tenants or roommates. The benefit of this plan is to use the rental income to offset the […]

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The Professionals To Hire When Buying A Home

General Lynda Thai-Baird 31 Jan

Assembling a knowledgeable and cohesive home-buying team will help ensure you have a smooth and stress-free experience. Here are the individuals that are integral to the process: Mortgage Professional A mortgage professional will help arrange the financing for your home. He or she will help you understand your home-buying budget, research the market, and help […]

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Some Important Things to Consider Before Your Mortgage Renewal

General Lynda Thai-Baird 15 Jan

Your upcoming mortgage renewal provides you a great opportunity to recalibrate and plan for the future. Here’s a list of a few important things you should consider before that day approaches: Can you handle fluctuating rates? Some homeowners are nervous about any increase to interest rates, while others are comfortable to go with the flow. […]

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The 3 Crucial Things you Need to Get a Mortgage

General Lynda Thai-Baird 2 Jan

There are a few components required for you to successfully qualify for a mortgage. Here are the three crucial things you need to get yourself approved to buy that home: Income There are many different ways people earn income nowadays (salary, commissions, bonus, tips, etc.). Lenders would like to see that you receive a consistent […]

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Property Assessment vs a Home Appraisal

General Lynda Thai-Baird 20 Dec

The real estate market is the single biggest influence on home values. Market forces vary from year to year and from property to property. The market value on an assessment notice may differ from that shown on a bank mortgage appraisal or a real estate appraisal because an assessment’s appraisal reflects the value at a […]

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How To Get A Free Copy of Your Credit Report

General Lynda Thai-Baird 8 Nov

Think of your credit score as a report card on how you’ve handled your finances in the past. A credit score is a number that lenders use to determine the risk of lending money to a given borrower. There is always someone willing to lend you money however, higher risk = higher rates! Step 1 […]

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Home Buying Tips for Newlyweds

General Lynda Thai-Baird 28 Sep

  Buying a house is one of the biggest purchases you and your partner will make together. The more you talk about it before you begin your search, the more successful your search is likely to be, and the happier you’ll both be when you turn the key. Agree on Needs and Wants Before contacting […]

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Mortgage Options on Divorce or Relationship Breakdowns

General Lynda Thai-Baird 14 Sep

  First of all, it is important to understand that Separation is the process whereby partners reach written agreement on custody arrangement for any children, child support, spousal support and the division of the relationship’s assets and debts, often including the home and related mortgage. A Separation Agreement deals with how the financial obligations of […]

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