RECA News August 24, 2011 – www.RECA.ca The Real Estate Council of Alberta (RECA) is pleased to report that almost 50 per cent of Alberta mortgage brokerages have obtained the required Errors and Omissions Insurance coverage; however, less than three per cent of mortgage brokerages have renewed their licence with RECA. What’s holding you [...]
June 20, 2011
Last week, we were at a friend’s place for a birthday celebration. Before the cake and candles came out, over drinks, the conversation shifted to Real Estate Investment… this group of friends that we were with is dynamic to say the least with our professional backgrounds ranging from construction managers to accountants, lawyers to construction [...]
April 5, 2011
Spanish-language mortgage seminar in Calgary: learn how to purchase a new home with 0% downpayment.
April 1, 2011
A neighbourhood isn’t just a few blocks surrounding your home; it’s the people that inhabit it. By knowing and working with your neighbours, you can grain a greater sense of community and strengthen your sense of well-being and security all at the same time! If you’ve lived in one place long enough, or if you’re [...]
March 23, 2011
If you can identify with our headline, you’ve come to the right place! If you’ve come to Canada from a different country, you can probably do quite well with basic communication in English or French. Regardless of profession or comfort level with one or both our national languages, sometimes it’s just more comfortable for you [...]
March 23, 2011
When it comes to getting approved for a mortgage, a bankruptcy can make it more challenging, but not impossible. The hardest part is being patient. It takes time to get through the bankruptcy process, and more time to renew a financial reputation. Steps to get approved after a bankruptcy: 1. START SAVING – once [...]
March 14, 2011
It’s one thing to understand the particulars of interest rates, amortization periods, and open versus closed mortgages. It’s another to keep up with the latest lender trends, government changes and exceptions to the “general rules”. A common generalization that many seasoned buyers have, even many mortgage agents, is that variable open mortgages are best suited [...]
March 1, 2011
As we're sure you have heard by now, the Federal government has introduced two key changes to the mortgage industry that will be in effect on Friday, March 18, 2011. With the date approaching quickly, we want to ensure you are aware of the new rules and what they mean to you.
February 28, 2011
In today’s mortgage rate environment, many clients are eager to purchase because the rates are low. At the same time, we frequently get calls about clients that have high rates from a few years ago and they want to refinance or sell. Their largest stumbling block? Payout penalties.
January 31, 2011
For new home buyers that are searching for down payment options, they may not need to look too far. The First Time Home Buyers’ Plan (HBP) is a government program that uses funds from an RRSP to purchase or build a home.
August 24, 2011