Back by popular demand!
If you are iInterested in learning about buying real estate in Edmonton, here is your chance to learn from the comfort of your own home! Sheldon Johnston of Coldwell Banker Johnston Real Estate and co-author of the Edmonton Real Estate Blog will host an online seminar covering the basics of buying property in Edmonton.
Date: March 9, 2009
Time: 6:30 pm MST
Location: Online!
All you need is a computer with speakers and a high speed internet connection to attend.
In the seminar we discuss:
- Common mistakes buyers make
- Mortgages and pre-approvals
- The purchase contract including deposits, conditions, down payment, inspections, chattels
- Costs – how much $$ and when?
- Closing/Taking possession of your home
- New government programs to help your purchase your first home
- Question period
Only 15 people can attend this online seminar, so be sure to register ASAP or risk missing out!
Once you've registered will send you the information on how to attend the session by email and will remind you a few days before the event.
This event is totally free, and is not intended to interfere with any existing agency relationships or brokerage agreements. If you are currently under contract with another brokerage we can't provide advice to you on buying or selling real estate so please ask your Realtor about buying a home instead of attending the seminar.
Does anybody know what FICO score the major banks use to qualify an applicant for a mortgage? I just ran my equifax report and it’s showing 692. I’m not sure if that will be sufficient.. I’ve done some research online and the opinions are all over the map. Any insight by knowlegable bloggers would be appreciated…thx
For CMHC mortgage insurance you’re required to have 620.
http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2008/07/cmhc-drops-100.html
to get best rates and increase ratios over 680 is require. Banks have their own rating system as well, so each lender is little different.
This is also a good document to better understand credit scores:
http://www.fcac-acfc.gc.ca/eng/publications/CreditReportScore/PDF/CreditReportScore-eng.pdf