Guide to Life Insurance for New Homeowners in Calgary
Posted by Justin Havre on
After months of house hunting, you’ve just bought your first home, and you’re over the moon about it. Finally, a place you can call your own! But before you can get settled, you need to get a few things in order—namely, your insurance.
What would happen if you passed away before your mortgage was paid off? Who would be responsible for those payments? If you have a family, you might worry that they could default on the mortgage, and suddenly have no place to live.
To find the best life insurance policy in Canada, it pays to do your research first. There are a few different types of insurance to brush up on before you make your decision. We’ve put together this guide to help new homeowners in Calgary find a policy that meets their needs:
For…
414 Views, 0 Comments
You've been saving for a down payment, planning to buy your first home, and now it's time to pick a real estate agent. As a homebuyer, you want to pick a fair and honest agent and protect your financial interests. Buying a home is likely one of the largest investments you'll make, and it's important to choose a real estate agent whom you can trust to get the job done right, with your best interests in mind.
Looking to buy a new home? Buying a home is a big financial commitment. Potential homebuyers must understand what's involved with getting a mortgage. For example, there are different rates, amortization periods, and potential penalties to consider. Discussing options with a mortgage broker or bank is a good starting point. Which one is the best? Well, it all depends. Here's a brief overview of the different types of mortgages and how they differ from each other.
The cost of living in Canada is measured by Statistics Canadaʼs Consumer Price Index (CPI), or inflation rate, which indicates changes in consumer prices. The CPI is one of the most important indicators because it is used nationally and calculated monthly and annually. The CPI is calculated by many different indicators such as food, transportation, and housing. However, this overview will focus on household income, housing prices, and provincial income tax rates as indicators to determine Calgary's cost.
When looking for a new home, you can go on several open house sessions and tiresome viewings. The team at Calgary.com compiled the following fundamental tips to complement our first-time buyer strategies.
When selling, every homeowner needs to know the current value of their home in the market if they intend to get top dollar. This can be achieved through extensive personal research or hiring a professional real estate appraiser or knowledgeable real estate agent. Investing money into a home can increase the value, but knowing which areas of the house to invest in for the biggest impact will help ensure that the money finds its way back into the seller's wallet.
When you think of Calgary, you likely think of the energy capital of Canada, the Calgary Stampede, and the Rocky Mountains. Set in the foothills of the mountains, Calgary is a diverse city with a high quality of life. Boasting the slogan “Be part of the energy,” you can expect a bold and lively city. Read on to learn more about what makes the Calgary lifestyle amazing.
Regular home maintenance is important.
Buying or selling a home is a big investment, financially and emotionally. While For Sale By Owner (FSBO) may seem cheaper, there are many benefits to hiring a real estate agent that you miss out on when managing the sale on your own. Overall, real estate agents aid in the reduction of stress throughout the whole process. Hiring a real estate agent also gives you the advantage of selling your home competently and professionally.