Buying with REMAX Crown Real Estate

Your path to homeownership

Buying a home is a big decision, and REMAX can help guide you through the process. With experienced in the Regina and Area Agents, a strong track record of successful home sales, and a reputation for excellent customer service. When you make the important decision to buy a home, We are committed to going the extra mile to ensure that all of your needs are successfully met in a professional and honest manner.

Service & commitment

What to expect when buying with REMAX

  • Access to listings: I have access to a wealth of listings, including homes that may not be publicly listed, giving you more options to choose from.

  • Expertise: I have a deep understanding of the market and can provide valuable insights and advice on factors like home values, negotiation strategies, and closing costs.

  • Negotiation skills: An experienced negotiator and can help you get the best deal on your new home.

  • Handling paperwork: The home-buying process involves a lot of paperwork, Our agents can help you navigate it all, from the offer to closing.

  • Stress relief: Buying a home can be stressful, an agent can take some of the burden off by handling the logistics and communicating with other parties involved in the transaction.
Buying resources

How it works

Guiding you the whole way!

Our team of skilled RE/MAX Crown Real Estate agents are dedicated to helping you find your ideal home. With expertise across Regina’s real estate market, they’ll guide you through every step—from identifying properties that meet your needs and budget to drafting contracts and presenting offers. Our agents also set up automatic notifications, keeping you updated on new listings so you’re among the first to see opportunities. Committed to client satisfaction, they’ll ensure your home-buying journey is seamless and successful.

Helpful Buying Resources

Tips and Things To Watch For

8 Mistakes to avoid when buying a home

8 Mistakes to avoid when buying a home

The process of buying a new home can be incredibly exciting, yet stressful, all at once. Where do you start?

Buy or sell first?

Buy or sell first?

Use the following as a guide to explore what might be the best move for you.

Buying a home: What expenses to expect

Buying a home: What expenses to expect

Dont' get caught financially unprepared, blindsided by taxes and other hidden costs on closing day.

Hire the right agent: 8 Questions to ask

Hire the right agent: 8 Questions to ask

Use the following as a guide to finding the agent that is right for you.

Home Inspections: Top 10 Problems

Home Inspections: Top 10 Problems

This guide will help you to identify areas for repair or improvement before they grow into costly problems.

How To Set An Offer Price

How To Set An Offer Price

This guide will give tips on determining a fair price range and, from there, establish the price you’re willing to offer.

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Things to Avoid When Refinancing Your Mortgage

Homeowners may benefit from refinancing their mortgage by lowering monthly payments, accessing equity, or consolidating debt. In spite of this, refinancing is a complex process that requires careful consideration in order to avoid potential pitfalls. Here are some pitfalls to watch out for when refinancing a mortgage in Canada.

Ignoring the Associated Costs

Refinancing often involves various fees and expenses that need to be considered to determine the financial feasibility of the process. Some standard costs associated with refinancing include appraisal fees, legal fees, application fees, and potential prepayment penalties from the existing mortgage. These expenses can quickly add up and impact the overall cost-effectiveness of refinancing.

By ignoring these costs, homeowners may underestimate the true financial impact of the refinancing decision. Homeowners must take the time to calculate the expenses involved in refinancing, considering both the upfront costs and the long-term financial implications.

Not Shopping Around

Different lenders offer varying rates, terms, and conditions, and failing to compare options can leave homeowners paying more than necessary. Homeowners may be unaware of better rates elsewhere by neglecting to explore multiple lenders, including banks and mortgage brokers. Even a slight difference in interest rates can substantially impact the mortgage’s overall cost.

Shopping around allows homeowners to gather quotes from different lenders and compare interest rates, closing costs, and loan terms. This information empowers them to negotiate and secure the most favourable terms for their refinancing needs.

Focusing Solely on Interest Rates

While interest rates are essential when refinancing a mortgage, focusing solely on this can be a potential pitfall. Homeowners should consider the following:

The reputation and reliability of lenders – Working with a reputable lender who offers excellent customer service and a smooth refinancing process is essential to ensure a satisfactory experience.

Their financial goals and plans – If they anticipate selling the property or paying off the mortgage soon, focusing solely on interest rates may not be as crucial. Evaluating the potential savings against the costs associated with refinancing can determine if refinancing aligns with their long-term objectives.

The terms and conditions of the loan – Some loans may have adjustable interest rates or other unfavourable terms that could result in higher costs in the future. Evaluating the entire package, including the interest rate, loan duration, and potential risks, helps homeowners make an informed decision.

Failing to Consider the Long-Term Implications

While refinancing may offer immediate benefits such as lower monthly payments or accessing equity, it is essential to evaluate the long-term impact on the overall cost of the mortgage. Failing to consider the long-term implications can lead to unintended consequences and financial setbacks. Homeowners should consider the following implications:

Paying More Interest – Extending the mortgage term may reduce monthly payments, but it can also result in paying more interest over the life of the loan. Homeowners should carefully assess whether the short-term savings outweigh the potential long-term increase in interest payments.

Altered Financial Plans – If they anticipate selling the property or paying off the mortgage in the near future, refinancing may not be the most cost-effective option. In such cases, the expenses associated with refinancing may outweigh the potential benefits.

Failing to Requalify

Requalifying is the process of reassessing your financial situation and ensuring that you meet the lender’s requirements for refinancing. Neglecting this step can lead to disappointment and wasted time if you cannot secure the desired refinancing terms.

During the requalification process, lenders will review factors such as your credit score, income stability, debt-to-income ratio, and the appraised value of your property. If any of these factors have changed since you obtained your original mortgage, it could impact your eligibility for refinancing.

Homeowners should take the time to thoroughly assess their current financial situation and gather the necessary documentation to demonstrate their ability to meet the lender’s requirements. They should also be aware of any changes in their credit score and work to improve it if necessary. A lower credit score can impact your ability to qualify for favourable refinancing terms or result in higher interest rates. A financial advisor can help assess your eligibility for refinancing and provide guidance on steps you may need to take to improve your chances of requalification.

Refinancing a mortgage in Canada can be a beneficial financial strategy, but it is essential to navigate the process cautiously to avoid potential pitfalls. Ultimately, by being proactive and well-informed, homeowners can successfully navigate the process and reap the rewards of a refinanced mortgage that meets their financial goals and improves their overall financial well-being.

"Refinancing your mortgage is a great way to pay down some debt when unexpected events happens or when you just need to pay down some credit.  Call us to help you through the process!"  Pat Dell - Verico Crown Mortgage 

Source: remax.ca

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Ready to make a move?

We look forward to hearing from you!

Buying a home can be an exciting and challenging process, but with the right team and preparation, it can also be a smooth and successful experience. Contact us today to speak with an available agent!

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