schools
The charming town of Lacombe boasts a robust educational landscape anchored by its esteemed Burnham University, a beacon of higher learning renowned for its academic excellence and innovative spirit. Complementing this is a network of seven public schools, spanning from Pre-K to Grade 12, providing nurturing environments where students are encouraged to explore their interests and reach their full potential. Adding to the educational landscape is a Catholic school offering education from Kindergarten to Grade 9, instilling values of faith and excellence. Together, these institutions underscore Lacombe's commitment to education, fostering intellectual growth, character development, and community engagement among its residents.
https://www.burmanu.ca/
https://www.wolfcreek.ab.ca/
https://fl.starcatholic.ab.ca/
local dining
Buying a home is one of the largest financial transactions you will make in your life, so there are many important questions to consider when purchasing a home. A CENTURY 21® REALTOR® goes beyond the transaction and will be there with you every step of the way. Trust the experience of a CENTURY 21 Realtor to help you find your dream home.
the lacombe lifestyle
Lacombe offers a wide array of activities to suit every interest and age group, ensuring endless opportunities for recreation and adventure. For outdoor enthusiasts, Essex Park provides sprawling sports fields while the Spray Park offers refreshing fun for the whole family. Skateboarders and BMX enthusiasts can showcase their skills at the Skate Park and BMX Park, respectively, while furry friends can roam free at the Len Thompson Off Leash Dog Park. Nature lovers can explore the scenic trails of Cranna Lake or cast a line at the Len Thompson Fish Pond. Meanwhile, thrill-seekers can enjoy the adrenaline rush of horse racing and events at The Track on 2, or get lost in the twists and turns of Kraay Family Farm's corn maze. History buffs can step back in time at the Flatiron Building Museum, while golf enthusiasts can tee off at the Lacombe Golf & Country Club. Cool off at the Swimming Pool/Splash Park, or embark on a horseback riding adventure at Flying Cross Ranch. With such diverse offerings, Lacombe ensures there's never a dull moment for residents and visitors alike.
HOME BUYER'S GLOSSARY
AMORTIZATION PERIOD
The number of years it takes to repay the entire amount of the financing based on a set of fixed payments.
APPRASIAL
The process of determining the market value of a property.
CLOSED MortgageS
A mortgage that can not be prepaid or negotiated for a set period of time without penalties.
Closing date
The date on which the new owner takes possession of the property and the sale becomes final.
Collateral
An asset, such as term deposit, Canada Savings Bond, or automobile, that you offer as security for a loan.
Deposit
A sum of money deposited in trust by the purchaser on making an offer to purchase. When the offer is accepted by the vendor (Seller), the deposit is held in trust by the listing real estate broker, lawyer, or notary, until the closing date of sale, at which point it is given to the vendor.
Equity
The difference between the market value of the property and any outstanding mortgages registered against the property. This difference belongs to the owner of that property.
MORTGAGE
A mortgage is a loan that uses a piece of real estate as a security. Once the loan is paid-off, the lender provides a discharge for that mortgage.
Term
The period of time the financing agreement covers. The terms available are; 6 month, 1,2,3,4,5,6,7,10 year terms, and the interest rate will be fixed for whatever term one chooses.
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Take the next step in your journey
I look forward to working with you and helping you reach your home ownership goals. Reach out to get in touch and start the process today. I offer:
CENTURY 21 Maximum
INFO & SERVICES
CENTURY 21 Maximum
3617F 50 Ave, Red Deer, AB T4N3Y5
(587) 377-8117
jenna.smith@c21.ca
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