Tagged : Calgary Houses for Sale

When you have purchased a new home you'll also be asked whether you'd like to buy mortgage life insurance as well. This is sure is that is offered by the same thing that you're dealing with for your mortgage. In some cases it will make sense to get this type of insurance and other times it's a complete waste of time and money.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

The Difference Between Mortgage Life Insurance and Term Life Insurance

There are significant differences to consider when choosing whether mortgage life or term life insurance is the best choice to meet your specific needs. Whereas mortgage life insurance is designed to pay off

Buying a home as a single person is a lot different than buying a home as a couple. When you have another person that is going to be buying a home with you, you have a sounding board to work with during the process. All of your concerns and questions can be discussed with your partner and at the end of the day it will be two signatures that are penned at the bottom of the contract instead of only one. When one person only has to sign, it can be a lot more stressful since you are assuming full responsibility for the new property and all of the payments that are going to go along with it down the line.

In order to help take some of the stress out of the situation, here are some tips you can use if you're a single person that is looking for a home:

This is quite a loaded question that can receive a lot of different answers depending on who you're talking to. The average time that's being quoted as a generality is five years, but there can be a lot of different determining factors that will lead you to the ultimate decision to start looking for an upgrade.

You'll want to make sure that the price gains will be able to make up for the purchase costs of buying a new home and selling your existing one. You are going to be incurring certain expenses as a buyer,which will include moving costs, legal costs, a title search, mortgage application fees, home inspection expenses and legal fees.

As the seller you'll need to factor in the costs of the brokerage commission and the additional legal

Many couples and families run into a situation where they fall in love with 2 Calgary houses at the same time and aren't able to make a decision between either of them. While other people are racing around frantically trying to find their dream home, these few are torn between 2 homes that are both very desirable.

In some cases there may be a split decision between the wife and the husband. The husband has fallen in love with a house with a large rec room while the wife prefers a bungalow that has a lot of storage capacity. In other cases the couple may both be in love with 2 different homes. What would be the solution to this sort of situation?

For informational purposes only. Always consult with a licensed real estate professional before