Blog
Friday
17
MAY
2013
Pre-Approval Versus Pre-Qualification
The first and most important decision that a first time home buyer can make is to get pre-approved to purchase.
A mortgage pre-approval is different than a simple pre-qualification. Sometimes even real estate agents are confused by the terms, so it’s no wonder that home buyers are too. Although related, the two terms each signify a different level of approval from a lender...
Tuesday
5
FEBRUARY
2013
First Time Homebuyers - How Much Can You Afford?
First-time buyers may be particularly concerned with entering the expensive real estate market in Winnipeg, with the average home price escalating to around $230,000.
What can you afford?
As a first time home buyer, it’s essential to figure out what you can afford. A rule of thumb is that your household expenses should not add up to more than...