One of the first things you should determine when considering purchasing a home is how much you can afford and who will be willing to lend you the money.
Here in Edmonton you will have literally hundreds of choices of mortgage providers. Be careful about asking too many of them to run credit checks on you however. Every time your record is submitted to the credit bureaus, (a kind of database for lenders to look at how well you pay your bills) it may negatively affect your rating.
Your Existing Bank
Applying to the bank that carries your chequing account and where you pay your bills would be an obvious choice for many potential home buyers. And why not? They know you. They trust you and they want more of your business right? In many cases this…