Found 3 blog entries tagged as first time home buyer.

With the average home in Saskatoon being around $350,000, saving for a down payment can seem like quite the mountain to climb! With a minimum of 5% required, that means you’ll need an average of at least $17,500 to get started—you could buy a brand new car for that! So, where do you begin?

If you’re thinking about buying a home, here are some simple strategies to help you save up for your down payment quicker:

Use Your Auto-Savings

If you’ve never used an auto-savings program before, saving for a down payment is the perfect time to start! Depending on your bank, there may be a couple different options for auto-saving, including:

Automatic Scheduled Transfers - These are scheduled fund transfers that you can put into place to automatically…

1101 Views, 0 Comments

Read Full Post

If you are purchasing a home for the first time, the role of “First Time Home Buyer” can come with a lot of questions. Do I need a real estate agent? Where can I find a real estate lawyer? How much does it actually cost? And, of course, how do I get a mortgage? 

Understandably, with all of these questions—and more!—swimming around in your mind, it can be easy to begin feeling overwhelmed. Luckily, that’s where a REALTOR® can help! We work in the realm of Saskatoon real estate each and every day, making us more than familiar with every question you can think of. Plus, we come with some other handy and even helpful information that can help you along the way—including the First Time Home Buyer Incentive.

What is the First Time Home Buyer…

1967 Views, 0 Comments

Read Full Post

Mortgage Insurance or Life Insurance?

For many Canadians buying a home is the single largest investment in their lifetime.

You’re excited and stressed – not only because of the financial commitment, but because it’s about a place and a community that you have set your heart on.  It is during this emotional time you will meet with a lender to arrange the mortgage and you will also be asked to purchase Mortgage Insurance. If you’re like many people, you may have overlooked insurance in the home buying process.

Buying a home is an exciting time! Buy ensure you are making an informed decisions about protecting your investment, and your future. So what is the difference between Mortgage Insurance and Life Insurance?

Mortgage Insurance

…

1004 Views, 0 Comments

Read Full Post