Real Estate Blog - finances

Pros and Cons of Banks Versus Mortgage Brokers

When looking for a good mortgage rate, there are two main options: going directly through a bank or working with a mortgage broker. Each can be a good option, depending on your financial situation. So how do you decide which one to try? Let’s look at the difference between banks versus mortgage brokers, their pros and cons, and how to figure out which is best for you.

The Difference Between Banks Versus Mortgage Brokers

The big difference between a bank and a mortgage broker is that a mortgage broker can provide you with mortgage products from several different lenders, while a bank can only give you the mortgage option from their own company. Mortgage brokers have access to a variety of lenders and rates, which means…

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Key Things to Avoid After Applying for a Mortgage

You’ve assessed your finances and the housing market, and researched the various financial options open to you and your household. Then, you took the leap in applying for a mortgage – quite possibly the most significant money-related decision of your life. Now you play the waiting game.

This waiting period is perhaps one of the hardest parts of the home-buying process, determining if you have been approved or rejected for a home loan. While it can be challenging, especially in this red-hot Canadian real estate market, you can be confident in your prospects if you have taken the necessary steps and employed the right strategies to receive approval and attain the best mortgage rate.

But it is not time to throw caution to…

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Alternative Ways to Enter the Housing Market (INFOGRAPHIC)

Call your local RE/MAX Infinity REALTOR® today to see what options are available to you!

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Tips for Single Home Buyers

Buying a home is one of the most exciting times of your life, however, it can be extremely daunting for individuals looking to make the biggest purchase of your life. Buying a home as a single person can be intimidating, but we have some smart tips for single home buyers that will make the process much smoother.

With home prices across Canada rising at a fever pitch, entering the housing market as a solo act can carry more stress from a financial perspective than if you were going in with another person. However, each scenario has distinct advantages. For example, as a single you don’t have to consider another person’s needs and wants when it comes to finding your dream home. This means less compromising. If you work…

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So, You're Ready to Buy?

Are You Ready?

You’ve come to the right place! Now that you have decided to buy, RE/MAX Infinity can help guide you through the entire process and a REALTOR® can help take care of the rest.

Responsibilities can come at a cost – from financial commitment to necessary care and maintenance. You need to make sure that both fit your current lifestyle.

Check your financial standing

One of the biggest and most important purchases of your lifetime is buying a home. With the help of a real estate agent, you can avoid getting in over your head. It’s important to have some savings, and manage any debt before making a home purchase. In just a few steps you can determine how much you can afford, and with the help of our Mortgage Calculator you can…

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