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Mortgage Helper Great in Slow Times

Many people these days are struggling to qualify for a mortgage due to many factors.  Some people in Calgary got let go of their jobs a while back and have just entered into the job force again.  Most, if not all jobs in Canada mandate a 3 month probationary period when they first hire you.  This is to protect the employer and usually they don’t have to start paying you your benefits until this date as well.  What this also means in the mortgage world, is that most times you will not be able to get a new mortgage until you are past your probationary period as well.  If you are still in the same field you were in prior to this job and the job history in that role has been well established for many years, it is possible that a lender may do an exception on that rule.

What do you do when you are single, tired of renting and can’t quite afford to buy a house or condo on your own?

Consider co-buying with a friend or family member.  This can be a wonderful situation and you can get the best of both worlds this way.  You will be able to jump into the Real Estate market in Calgary while the prices are affordable and mortgage rates are still low, and you will have your own place.

The City Council recently relaxed some more rules on properties that were not allowed to have legal suites, due to a narrow lot.  This has opened up a whole bunch of properties in Calgary that, for the cost of permits and a new kitchen, can become fully functioning dual suited properties.

Consider buying a property that you could at least live up and rent down, this is a great Mortgage Helper for Calgarians in the economy.

I have a home in Saddleridge that is ready to go now.  Vacant and waiting for its new family or owner.  Call me today to discuss further!