Calgary Real Estate Update for September

Dated: October 14 2021

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Get Your Property Market Health Check Today Click Picture Below

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              AMORTIZATION!!  What Does This Mean On Your Mortgage??


Choosing the length of your amortization period means the number of years you will need to pay off your mortgage, it’s an important decision that can affect how much interest you pay over the life of your mortgage.



A shorter amortization saves you money as you will pay less in interest costs over the life of your mortgage but it usually entails larger monthly payments.

A longer amortization provides you lower monthly payments and is appealing to many people but there is a higher total interest costs over the life of the loan.


The maximum amount of time for your amortization you are given depends on how much of a down payment you make when you purchase your home. You already know that the minimum down payment you can make is 5% of the purchase price, however, if you put down anything less than 20% your maximum amortization will be 25 years.

If you put down 20% or more, you have the option to go up to a 30 year amortization to reduce your monthly payment amount.

 

Trevor Fiset
Mortgage Professional
Advanced Mortgage
Trevorf@advancedmortgage.ca
(403)808-7497

 

OUR FEATURE LISTINGS FOR SEPTEMBER

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1118 12 Avenue SW #2002

 

This twentieth floor, NW Corner unit, 897 sqft, 2 bdrm, 2bath suite offers stunning views. 9ft ceilings, hardwood floors, quartz , 1 titled underground parking stall & storage, floor to ceiling windows. The kitchen offers a huge quartz ledge island, and glass & wood cupboards. Amenities in the building include a gym, party room, full time concierge & guest suite.

 

 
 

111 Butte Place

Gorgeous landscaped 2 acre lot featuring mature trees, garden, an enclosed patio with fire pit, and a covered screened in deck. Inside the home, you will find a fully developed  space with a total of 5 bdrms and 3.5 bathrooms. Features a large foyer open to above, and a huge family room with a  fireplace and lots of windows. The basement has a large recreation room with a wet bar and built in projector and screen. 

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99 Ferncliff Crescent SE

This 4 bedroom is a truly outstanding home for entertaining!! This Keith Built home has had many upgrades throughout the property- too many to list!

Basement is wide open with washer and dryer (used to be a mother in law area with kitchen). Check out the backyard: Built in gazebo, full dry bar,  and a dog run area with artificial turf. The deck has been freshly sanded and stained, and an oversized single heated garage. 

115 Prestwick Villas SE #4213

Enjoy the spacious kitchen with espresso stained maple cabinetry, black appliance package and raised breakfast bar. This unit features a bright and open layout, including a spacious balcony. The master suite features a walk through closet that leads to the 4 piece bathroom with dual entrances. 

 

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TAKE THE STRESS OUT OF YOUR RENTALS WITH

PLATINUM PROPERTY MANAGEMENT GROUP

 

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Josh Nelson

As managing partner of the Hanney Nelson Real Estate Group Josh and his team offer clients much more than just real estate experience and expertise, Josh and his team bring energy, determination and a....

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