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
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If you are selling your home you may have considered using seller financing to get it sold quickly. By seller financing we mean lending money to the person that is buying your home and acting as a financial institution for them. Contracts can be made up that allow you to loan the money to the buyer and then collect the interest from it.
Many people wonder if buying a home is really within their reach. It often seems like a daunting purchase for the first time buyer. The good news is that with the large variety of options available today, it has never been easier to secure a mortgage.
If you're new to the world of purchasing a home and haven't taken out a mortgage before, you may be confused about the differences between a mortgage broker and a loan officer at the bank. Although they can both provide you with a mortgage, there are differences between them that you'll want to learn so that you can get end up getting the best mortgage possible that matches your personal financial situation.
There are a lot of people that are just happy making their mortgage payments every month knowing that their 25 year mortgage will be paid off some day. For others, it's a race to the finish line where getting the mortgage paid off as fast as possible is a priority. If you fall into the second category and can't wait for the day when you can finally set the mortgage papers burning, here are the 3 tips you need to know in order to make it happen.
If you're like most Albertans you prefer the fixed-rate mortgage. This is according to a recent survey conducted by CIBC showing that most residents in the province would select a mortgage with a fixed-rate over a variable rate.
The market conditions have changed quite dramatically over the past twelve months. As a result, some homeowners may stumble upon financial hardships that make it difficult for them to pay their mortgage payments. Once your mortgage loan defaults, the chance of foreclosure increases.
There are special Mother's Day brunches occurring in many restaurants across Calgary on this special day that celebrates moms and everything they do for their children. Take her out for a brunch at her favorite restaurant or surprise her with a new menu to choose from at a different place. Here are just some of the brunches available in the city this year:
Are you planning on purchasing a new home in the Calgary area soon? If so, you're probably saving up for your down payment. There are a few things that you should understand, however, about how to save for a down payment and the size of the down payment needed in order to buy a Calgary home.
If you're planning on purchasing a new condo and have never owned your own property before, there's one important thing to remember. When you see a lovely condo being advertised on the listings and you feel that it's something you can afford, you'll first want to find out what the condo fees are. The fees will need to be paid monthly and should be added to the mortgage amount of the condo when you're trying to determine whether you can afford the monthly payments.