The Basics of Organized Real Estate in Calgary
Unless you are paying cash for a home you will need a home mortgage
There are two basic types of mortgage agents.
- Mortgage Agents that work for a bank
- Mortgage Agents that do not work for a bank
Most people go directly to their bank to get a mortgage. Because they feel the bank knows them, likes them and will be easier to deal with. And in most cases that is true.
Many people go to an independent mortgage agent that has access to many lenders and many different types of mortgages. Typically independent mortgage agents are highly motivated to get you a mortgage.
Each type of mortgage agent has its advantages and disadvantages. It's worth your effort to talk to both types.
To a Realtor® the main thing before they start showing you homes is that you are pre-approved for a mortgage and are ready to buy when you see the home you want.
Mortgage Pre-Approval favors the buyer when the right property is found.
Here are a few agents I work with to help you get started.