Edmonton Real Estate Blog

Sterling Homes Real Estate Blog brings you the latest market news and property listings, as well as tips for buying or selling a home in Edmonton.

May 26, 2022

Shopping for a new home is an exciting time, filled with anticipation and possibilities. While finding exactly the right home for your family’s needs is the main goal, you do need to look at the process overall. One of the key components of the home buying process is making the offer, which means you need a mortgage pre-approval and with that comes the mortgage commitment letter.

A mortgage pre-approval reviews your credit history, credit score, current employment and income, and any outstanding debts you have. At this stage, lenders preliminarily determine your qualification for a loan and the amount you’d qualify for in your current situation. From this, they issue you a mortgage commitment letter.

Let’s find out more about this important document and what part it plays when it comes to buying your new home. Read More

May 17, 2022

Buying a brand-new home is a big commitment, and ideally, you’ll be in your new home for many years. That’s why it’s important to get it right, and you’ll want to be sure you’re in good hands throughout the whole process. 

At Sterling Homes, we’ve made it our mission to provide our customers with the widest selection of top-quality, affordable homes in the best communities Edmonton has to offer.

Let’s take a look at a few of the reasons why Sterling Homes is more than your average home builder.  Read More

May 12, 2022

Finding a new home with a floor plan and design style to fit your family’s needs is one big step in the process of buying a new home. Finding the right community in which to plant your family’s roots is another. The location of your new home can be the difference between long or short commute times, access to recreational activities, and your family’s overall health and wellbeing. 

Let’s explore some of the amenities to expect as you look for a new community for your family. Read More

May 5, 2022

So you currently own a house and want to buy a new home. That means you need to sell your current one. There are a few things to consider when buying and selling a home at the same time.

The timeline of buying a new home when you have a current one to sell can be daunting to balance. Selling your old home too soon can result in having to move out before your new home is ready, and selling too late can mean taking possession of your new home while still paying the mortgage on your old one. 

However, there are solutions out there that will help you to handle the task! Read More

April 21, 2022

While it’s true closed fixed-rate mortgages are most commonly chosen for their predictability, it could be worth your while to check out a convertible mortgage, as it offers some great benefits for many home owners.

A fixed-rate mortgage comes with hefty penalties should you find interest rates have dropped and you wish to refinance your mortgage early, or if you wish to put down a lump sum payment against the principal. But choosing a convertible mortgage for your home can give you flexibility in terms of interest rates, payment frequency, and lump sum payments leading to significant savings over time.  Read More

April 19, 2022

A home is much more than just four walls and a roof – it’s a place where your family will live, grow and spend many of their most important moments. That’s why it’s extremely important to find the right home for your family. 

Choosing the right home means you can look forward to bringing your family closer together. Let’s take a look at the ways a new home can help you do just that. Read More

April 7, 2022

Choosing the right mortgage for your needs, budget, and financial goals can be the difference between saving money or incurring unexpected costs. Lenders offer a vast array of products with varying options, one of which is the choice between open and closed mortgages.

An open mortgage offers more flexibility, allowing the borrower to increase payment amounts either incrementally or as a lump sum, or pay off the mortgage early with no penalties. There are no repayment restrictions in an open mortgage. Read More

March 21, 2022

You were ready to choose a home and found the one you adored. But over time, the home you once loved has started to lose its appeal. The floor plan no longer works for your lifestyle and you’re ready for a change…

Your lifestyle is evolving and so should your home. Read More

March 17, 2022

The overall benefits of homeownership are huge. Of course, there’s the main one of building equity, but another significant benefit to homeownership is in its income potential. By renting out your basement, you can turn your home investment into a profitable asset. Read More

March 10, 2022

Finding the right mortgage for your new home purchase can save you thousands of dollars in interest. There are many types of mortgages available, including fixed and variable interest rates, that give you the flexibility to choose the right solution for your needs. But did you know there’s an option to mix the two, giving you what’s called a hybrid mortgage? Read More

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