Buying a home requires a sizeable outset of money at the point of purchase, which can seem daunting or even nigh impossible to some home buyers. With the answer to these questions, you will understand how much you need to put down on the mortgage as a minimum, and how your down payment affects your monthly mortgage payment.
Why Do I Need a Down Payment?
The premise behind the down payment is to enter into a kind of partnership with your lender. The lender is providing the bulk of the funding for the home in a lot of cases, but you need to show that you are willing to put in some of your own money. This proves to the lender that you are committed to the mortgage and are unlikely to default on the loan during the term. It also provides you with
…
There are some amazing natural attractions in Edmonton. It is filled with rivers and valleys just waiting to be explored. The North Saskatchewan River weaves its way through Edmonton, and measures 300 metres across. There are hundreds of paths to hike or bicycle through as you enjoy the stunning landscape of Edmonton.
The city of Edmonton is home to make professional and recreational sports. Some of the best sporting events in all of Canada happen within this city. Whether it's a recurring event or something that comes around only once every few years, you can find it here.
There are so many reasons for wanting to invest in Edmonton Real Estate right now. But just remember that when you're buying a property as an investment, it's still important to consider everything like you would if you were buying your own home. A wrong move can easily lead to headaches that could end up costing you money.
It's that time of year when everyone is decorating the home and shopping for Christmas gifts. If you're trying to sell your home this time of year, you know it can be quite a challenge. It's probably the worst time to have a home on the market because you are busy celebrating the holidays but the good news is that buyers this time of year are more serious. If you are going to sell your home during the holidays, keep these few tips in mind for better results.
Smaller homes have a lot to offer, but they can be tougher to sell than bigger homes. When selling a smaller home, one can still get a good price for your property by preparing for the sale, framing the home in a positive light and accentuating the positive aspects about the home. Playing up the features the house does have can help to sell the property for as much as possible.
When it comes to selling your home, setting an asking price can be a daunting task especially if you aren't familiar with this type of area and have no experience with real estate. Most homeowners don't trust themselves to set an asking price when selling their home but owning a property can help you realize the value of your home especially if you have put in extra work.
The most frustrating thing for a seller is when their home sits on the market for a long time with no action. Or maybe the home is being viewed by lots of potential buyers, but no one makes an offer. You have to make your home unique, as it has to stand out among all the other homes on the market.
Each April, residents look forward to several key events that are held throughout Edmonton. Attending these events on an annual basis has even become tradition for some, as they can be counted on to arrive like clockwork. There are many events that occur throughout the month in this region, so it can be difficult to zero in on the best options. Thankfully, this guide will help those who are looking for the best recurring April events in Edmonton.
While selling homes involves a similar process, there are some distinct differences between selling a condominium and selling a house in Edmonton. Reading this list will help you know what to expect and how to get the most out of the experience.