real estate advice: So, What Does Your Dream Home Look Like? - 11/24/11 01:33 PM
 
 
Buying Your First Home
Step 4: So, What Does Your Dream Home Look Like?
You've decided to purchase your first home, put your finances in order and figured out what type of home you want and can afford to buy.  Now what?  You need to figure out what you want in a home.  Make up a list of everything you would like in your new home and then a list of what you really need.  The lists might be quite different, but that's okay.  It's just to help keep things in perspective.  Remember that your first home purchase is … (3 comments)

real estate advice: Step 3: What Type Of Home Do You Want To Buy? - 11/11/11 05:51 AM

 
Now that you’ve decided to purchase your first home and have checked out your finances with a mortgage professional, it’s time to start looking.  But at what?  You really want to have a good idea of what type of home you are looking for before you start out.  Otherwise, you can end up looking at so many homes, condos and apartments only to come out confused or overwhelmed.  So how do you start to narrow down the search?  You need to have an idea of what type of homes are available.
Single Family Homes

These provide the most privacy in terms of … (0 comments)

real estate advice: Financing Your Home Purchase - 11/09/11 07:28 AM
            
The next step before actually looking at homes is getting mortgage pre-approval from a bank mortgage broker or an independent mortgage broker.  This will either tell you how much they will lend you and at what interest rate, or what you need to do before you can borrow and get pre-approved.  They typically look at things like your income, the amount available for a down payment and your credit history.

Having pre-approval gives you a better idea of which homes you should look at and can afford and it lets your realtor know that you are a … (2 comments)

real estate advice: Buying Your First Home - Step 1 - 11/09/11 06:25 AM

Tired of renting? Living in a basement?  Need more space?  The process of buying your first home can be overwhelming.  Here are some steps to consider to turn your dream into reality.
- Review your budget (yes, you need one!)  Do you make enough monthly income to qualify for a mortgage and pay for the mortgage payment, taxes, condo fees (if there are any), utilities and regular maintenance?  You can count on needing at least $1500 a month. Check this website out for great budgeting ideas:
http://www.gailvazoxlade.com/resources/guide_to_building_budget.html
- Start saving for your down payment.  For a $200,000 condo, you can expect to need a … (7 comments)

 
Ralph & Janet Henze (Ralph Henze Homes - RE/MAX Elite)

Ralph & Janet Henze

Sherwood Park, AB

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Ralph Henze Homes - RE/MAX Elite

Address: 116, 150 Chippewa Rd., Sherwood Park, AB, T8A 6A2

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