Making Home Ownership All About You
Buying a home can be overwhelming when you’re a first-time buyer. But, we’re here to help you with the process and make sure you don’t over extend yourself.
A home is usually the single largest source of savings for Canadian households. Building equity and financial security is the number one reason for people buy homes. That’s why we advise our clients to not overextend their finances when buying their first home. We don’t want to see our clients so heavily-indebted that they have to give up things such as restaurant meals, vacations, and visits to the mall.
It’s our belief that when your dream of home ownership finally becomes reality, you should love your home and be financially comfortable.
Steps Along the Property Ladder
To give you an idea of the process involved in buying your first home, here are the steps you will go through with the help of your Realtor®:
- Contact a mortgage broker.
- Get pre-approval from a lender.
- Determine where your down payment will come from.
- Be aware of closing costs.
- Narrow your search for the home right for you.
- Write an offer.
- Begin financing.
- Arrange inspection.
- Remove subjects and provide deposit.
- Insurance – examine all your options, like mortgage insurance.
- Closing.
- Move in.
- Change the locks.