First time home buyer advice
not
Feb 21st, 2011 11:53 am
Feb 21st, 2011 12:31 pm
Feb 21st, 2011 12:34 pm
Feb 21st, 2011 1:00 pm
wm009 wrote: ↑His advice to me was to save up my minimum down payment (5%) as fast as I could and buy as fast as I could because prices were heading up. And I believe this was based on December or January data. I don't know if that is going to be a trend or if it is something safe to say with a city like Calgary. I have a suspicion that prices will be choppy all year long, but who the hell knows.
Feb 21st, 2011 1:17 pm
Feb 21st, 2011 1:48 pm
Feb 21st, 2011 2:20 pm
Feb 21st, 2011 2:41 pm
I just bought a place myself. I've only banked with PC Financial but found that all the banks were willing to offer me the same rates. I think it comes down to how attractive you are to the lenders. By the sound of it you probably have very good credit and make a very good annual Salary. Shop around for your rates but what I think is more important than the actual rates is the flexibility of the mortgage.wm009 wrote: ↑
I have another question to throw out there. I've had my bank account through PC Financial for a few years now. I know that they offer mortgages, but they may not offer the most competitive ones. I'm curious if I need to develop a relationship with a real bank for the sake of a mortgage? I was basically thinking of opening an account at one of the bigger banks, keeping it flush with cash and using them.
Thanks for all the replies. This is all very helpful.
Feb 21st, 2011 5:21 pm
Mar 15th, 2011 9:17 pm
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