Posted on
January 13, 2020
by
Dave Hitchcock
Thinking about purchasing a new home? Lets talk finances!
Organizing your finances is the critical first step in your home purchase:
Consider the one-time costs associated with a home purchase, including a down payment, legal fees, taxes and moving expenses.
Understand ongoing monthly costs, including mortgage payments, insurance, utilities, property taxes, maintenance and, if applicable, condo fees.
Take into account the equity you may have in your current home and the applicable mortgage options available for your next move.
Pre-qualifying for a mortgage gives you the comfort of knowing how much you can afford and what your monthly payments will be.
A pre-approval from a mortgage lender protects you against interest rate increases for a given period during your home search.
Ask for Help:
We can help provide you with tools and resources to organize your finances. Put our expertise to work for you and learn more about the steps involved in purchasing a home
Posted on
January 13, 2020
by
Brandy Hemingway
If you are thinking about buying your first home then you will need to break down what sort of property will work for you.
With an appreciation of what you can afford, determine your needs and wants within your home purchase price range:
Consider your current lifestyle as well as any lifestyle changes you foresee longer term.
Select an urban, suburban or rural location that best serves the needs of your evolving lifestyle.
Choose neighbourhoods in close proximity to the amenities that are most important to you like schools, shopping, entertainment, recreation and transportation.
Consider your commute times to work, school, friends and family.
Determine the size of home you require, such as the minimum number of bedrooms, as well as any other space requirements, like room for a home office.
Understand the home features most important to you, such as additional bathrooms or a large yard.
Decide on a property type that suits your lifestyle, needs and finances whether condo, townhouse, single or mu...
