SEE HOW MUCH YOU CAN AFFORD
GET PRE-APPROVED
One of the first steps you should take when looking to purchase a home is to get pre-approved for your mortgage. A pre-approval can help guide your search and will prevent you from falling in love with a home that is out of your price range.
You can seek a pre-approval through a bank of your choosing or by connecting with a mortgage broker. If you don’t know where to begin contact me as I have many connections that I can set you up with!
MORTGAGE PORTABILITY
If you are considering a move and you have an existing mortgage on your current property you need to check on its portability. Depending on the portability clause in your existing mortgage there may be a fee for transfer of the current mortgage. Remember, only the terms and conditions are portable, you and the property will still need to qualify under your lender guidelines.
Contact your current lender to find out what you need to know about your existing mortgages portability.
CONSIDER ALL MONTHLY PAYMENTS
When determining what you can comfortably afford in a new home ensure to consider all monthly payments that will be in addition to mortgage payments. Consider condo fees, home owner association (HOA) fees, property tax, utilities and insurance.
SHOP AROUND
When seeking a mortgage ensure to shop around, don’t feel that you need to agree to the first mortgage you are offered. No two mortgages are the same and it is okay to go to various providers to find the one that fits you best.
If you are unsure of where to begin contact me and I can guide you through the steps.
READY TO GET STARTED?
I am ready to sit down with you to discuss your next move and ensure you find the home you are dreaming of