If you’re currently renting a home in Edmonton, you’ve probably given some thought to whether or not you should be saving to buy your own place. While there are advantages to renting, there are also short and long-term drawbacks to consider. By being realistic and identifying all the pros and the cons, you can help make an informed decision on whether or not now’s the best time to buy your own condo. We’ve put together a list of the pros and cons of renting versus owning that you'll need to keep in mind to make a well-thought-out decision before you jump into signing a new lease or becoming a homeowner.
When choosing a condo as an investment property, the bottom line is the most important factor in your decision. Since your investment is only a success if you’re profitable, there are things to consider to ensure that your new property provides the kind of return you expect.
Figuring out how to clear large debts can be an overwhelming task. There are many ways to accomplish this. However, some of these methods may not make a big enough impact or may take too long to alleviate the financial stress.
Whether you’re downsizing from a larger home or buying your first property, a condo is a great investment. However, before you start your condo-buying journey, you should be aware that the mortgage process can be a little different to the one for buying a regular house.
If you’re looking to purchase a condo but feel your credit score may not be ideal, you’re not alone. Many condo buyers don’t know where to begin when it comes to ensuring their credit score is appealing to lenders.
It’s easy to get excited about purchasing your ideal condo, but if your credit score isn’t within the ideal range for lenders, there is a chance you won't qualify for the mortgage you want.
