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If you choose to work with a qualified mortgage broker in your locality, they will help talk you through your loan estimate, a 3-page document outlining the most important details of your loan, and help you to understand what the lender expects from you if you choose to proceed.
If the property that you’re currently living in and are selling, is set to close only after you close and take possession of your next home (the one you’re buying), then that can make it difficult to come up with the down payment for the property you’re purchasing. This is where a bridge loan, or bridge financing, comes into play.
Nicknamed ‘cowtown’ thanks to the Calgary Stampede – a huge rodeo and festival held every July in the Alberta city of Calgary – this vibrant and cosmopolitan city is becoming an increasingly popular place to buy a home and raise a family and in recent years, has consistently been named the world’s fifth most livable city by The Economist. With a stable economy, sound healthcare system and good education facilities, here’s just a few reasons why buying a home in Calgary is a smart move (pardon the pun!):