Airdrie, AB

So I take my clients to look at NEW homes under construction - shoes - not appropriate. Okay so Really it wasn't that bad, I had my work shoes on. Not steel toed but good for the job at hand.

AIRDRIE features some pretty nice NEW HOME deals out there. WE saw a 2515 square foot two storey with a walk-out basement backing onto the creek for $549,900.00 (house,lot,GST included) Granite, hardwood, fireplace, den, large island & big windows. All the bedrooms are of generous size.

Another home we saw was 2300 square foot two storey with 4 bedrooms again of generous size - large pie shaped yard with park behind and on the side of the home. Granite, hardwood, tile floors, Walk-out basement!! $499,900.00

Keeping on the NEW HOME side of this - another builder is offering up 1932 square feet two storey starting at $351,900.00 (house, lot, gst included) 8 to 10 month possession

Depending on what area you wish to live in AIRDRIE boasts some wonderful opportunity to find a NEW HOME. Either by purchasing a spec home (an already built home) or start from scratch. From Bayside, Prairie Springs, to Kings Heights or Ravenswood -

I've done the research, and snooped around the communities. I enjoy working with NEW HOMES, and have been involved with new home construction since 2002. NEW HOMES or PRE-OWNED HOMES - I'm your RESIDENTIAL REALTOR.

I Get this great email from a Mortgage Specialist with The ALBERTA TREASURY BRANCH. Not only does she send me some great articles to read, Vonnie Bosch also gives me the latest updates on interest rates for Alberta Home Buyers.

Please take some time to read what is happening in our Economic World. At least its a good read over a cup of coffee.

You may contact Vonnie ~ Tell her Terri Sent you

Vonnie Bosch
Mobile Mortgage Specialist
Cell: (403) 701-8407

Fax: (403) 934-5591

Email: vbosch@atb.com

INCOME & PURCHASING POWER!

Income that the banks use to qualify you to buy a home is generally based on taxed income. If you have a job with bonus or commission the bank will use a two year average of line 150 on your Notice of Assessment from Revenue Canada. There are a lots of exceptions to this general rule so before you write and offer - check with a mortgage professional. Also keep in mind, buying power is directly related to credit history and other debt obligations.

As a local Airdrie Realtor, I have access to several Mortgage Professionals who would be willing to sit down and go over the possibilites of buying a home.

There is no cost, and it doesn't take too long either.

Getting this done prior to looking for a home, makes every ones job easier - and less stressful for YOU.

1) MORTGAGE: a legal document that places a lien against a property as security for a loan.

2) FIXED RATE MORTGAGE: for a specified term, 1-10 years, most commonly 5, the mortgage payment and interest rate is guaranteed

3) ADJUSTABLE RATE MORTGAGE OR ARM: a mortgage in which the interest rate and payments fluctuate with the prime lending rate in Canada.

4) OPEN MORTGAGE: a mortgage with NO penalty to repay-interest rate may be higher than a closed mortgage

5) AMORTIZATION: the amount of time to repay a mortgage loan if no more than the agreed monthly payments are made - generally 25-35 years

6) CMHC: Canada Mortgage & Housing Corp: mortgage insurers for most lenders for borrowers with less than 20% down payment. This insurance is not for the purchaser, it is for the bank in case of default and the premium is added to the mortgage amount.

7) CLOSING COSTS: expenses incurred by buyers and sellers in transferring ownership of a property. Many lenders like to see 1.5% of the house price in a buyers account prior to purchasing a home.

8) MORTGAGE ASSOCIATE: a mortgage professional who brings borrowers and lenders together for the purpose of loan origination. Independent brokers are not affiliated with a certain lender buy study all products and rates offered on the market.

Well I woke up the other day and saw a new Facebook Home Page - Here are a few of the changes.

Just snoop around, you'll get the hang of it.