'Don't pay off someone else's mortgage'

Many of us remember our parents telling us it is better to own a home than rent one at some point in time – "don't pay off someone else's mortgage," they'd say.

They could not have been more correct.

So why are many people still choosing to rent when owning a property can be so financially rewarding?

Convenience, diversity key to big-city alternative

A short drive west of Calgary, the community of Bragg Creek is an oasis for homebuyers looking for a convenient escape from the big city.

And the good news is the tranquil hamlet of less than 500 residents, situated in the shadows of the Rockies, has something for everyone, whether they're empty-nesters or first-time buyers.

"It's not really urban living; it's rural-urban," explained Lee Edwards, REALTOR® with MaxWell Canyon Creek, who has worked out of Bragg Creek since 1986.

Brokerage believes in its community commitments

Whether helping children around the world access clean drinking water, joining Calgarians in planting trees or helping you find or sell a home, Jeff Neustaedter & Associates is ready to show the power of teamwork.

Neustaedter began selling homes in 2000, later joining Re/Max House of Real Estate and launching his own business. He established a seven-strong REALTOR® team including his brother and original partner, Ray Neustaedter, along with Rod Burriss, Mark Lockhart, Candace Randall, Mark Lofgren and Randy Merkley.

How to get the best rate

One of the most costly mistakes when renewing a mortgage is to not looking at all the options. Both blindly signing a renewal statement, or not signing one at all, and allowing the mortgage to renew automatically, can be costly.

Here is what you need to know when it comes time to sign on the dotted line, again:

Start looking 13 months before your mortgage renewal date

Depending on your mortgage lender, it may be beneficial to renew or switch lenders more than a year in advance. A low rate for a one- or two-year term can, in many cases, be more financially beneficial than riding out the last year of a current mortgage at a higher rate, even if you have to pay a penalty.

REALTOR® guided transactions offering more than just peace of mind

By Nolan Matthias

While no bank has come out and said it, their actions speak louder than words. Banks prefer to lend on properties where the transaction is handled by a REALTOR®.

As mortgage professionals, we have noticed increased scrutiny on private sales is becoming the norm – and for good reason.