It's been a busy few weeks in the financial markets, with constant attention to mortgages and credit. With strong economic environment in Alberta it can be hard to grasp or see the impact that these changes will have on the average home buyer or seller.
The changes:
Zero down is gone. This was announced to be phased out many weeks ago but the deadline is here. The description ...
Posted by Patrick Galesloot
on October 13, 2008
We walk by those "Enroll now and get a free gift" credit card tables all the time. Have you given any thought to... If I have all those department store cards, how does that affect me? Does this "potential" debt capacity matter? What if I never use them? I just signed up to get the free Hockey Jersey or other "Free Gift".The question back to you or I is, are you using them? Are you carrying ...
Posted by Patrick Galesloot
on April 21, 2008
When working with buyers the question will come up have you spoken with your bank about whether or not you are qualified for the price level you are shopping in? This can be a conversation that happens at one of our first meetings and really it should. The challenge can be the buyer may be reluctant to part with this information until they get to know us, or simply they just don't know.
The ...
Posted by Patrick Galesloot
on March 27, 2008