Released on May 14, 2015
Financial and Consumer Affairs Authority of Saskatchewan (FCAA) wants people to think about big financial decisions before spending their hard-earned money.Mortgages:
Many people have to borrow large sums of money to purchase a home. Before obtaining a mortgage make sure to know the costs, penalties and fees. If you use a mortgage broker or mortgage associate, make sure they are licensed. To check licenses visit www.fcaa.gov.sk.ca/fcaa411/.
Real Estate Agents:
If you are using an agent to buy or sell property, make sure they are registered with the Saskatchewan Real Estate Commission. To check registration visit www.fcaa.gov.sk.ca/fcaa411/.
Contractors and Renovations:
Contractors and home renovations often go hand-in-hand. Before consumers draw up an agreement, they should get a few quotes, check references and make sure the contractor has damage and liability insurance. A little research can save people money, time and heartache.
The mortgage and mortgage broker/associate, real estate professional and contractor tips will be shared via twitter @SKGov and www.facebook.com/SKGov.
For further information regarding mortgages, mortgage brokers or associates, real estate professionals and contractors please visit www.fcaa.gov.sk.ca/finlit/adults.
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For more information, contact:
Shannon McMillan
Financial and Consumer Affairs Authority
Regina
Phone: 306-798-4160
Email: shannon.mcmillan@gov.sk.ca
Matthew Barton
Financial and Consumer Affairs Authority
Regina
Phone: 306-787-6067
Email: matthew.barton@gov.sk.ca