Arranging a Mortgage
Shop With Confidence - Get pre approved for a mortgageEven if you're just thinking about buying, talk with a mortgage lender or broker to discuss your financing options with no obligation. Knowing your purchasing power will help guide your decision. They will review mortgage terms and interest rates and will explain what you must do to ensure that you get approved for a mortgage if or when you find your new home. Feel free to call or email me for referrals.
Making the Mortgage Decision
There are many options when arranging financing for your home and it can often be a confusing process. That’s why it’s important to talk to the experts.
For information from from Canada's financial consumer agency on choosing or renewing your mortgage: Click Here https://www.canada.ca/en/financial-consumer-agency/services/mortgages.html
Before you buy, it’s important to make sure that you have a mortgage payment plan that works for you. Choose a mortgage with the features that meet your needs and lifestyle. Do you want the lowest possible rate, or perhaps a mortgage with flexible pay-off options? A mortgage broker or lender can walk you though all the options and pick a mortgage that's right for you and your unique needs.
Understanding the Right Mortgage Payment Plan for You
A Larger Down Payment Means Greater Savings https://www.cmhc-schl.gc.ca/en/finance-and-investing/mortgage-loan-insurance/homebuying-calculators/mortgage-calculator
The size of a down payment can vary and generally ranges from 5% to 20% of the purchase price. When structuring your mortgage, keep this is mind to help save you money.
Finalizing Your Real Estate Purchase
Ensure that the home buying process comes to a successful close by being prepared with all the documentation and funds you'll need to secure your mortgage. Knowing what to expect can help you prepare a more accurate budget and lead to a more comfortable home-buying experience.
For a list of typical closing costs: Click Here https://www.rebgv.org/news-archive/buying-costs.html