If you are a first-time home buyer, getting professional mortgage advice is a great place to start. I specialize in the kind of education that can help get new home buyers off to a great start! Although mortgage debt is ‘smart’ debt, buying your first home is a huge financial decision and there is a lot to think about. It’s one of the most important financial decisions that most Canadians will make in their lifetime. This means you need to make sure you are getting the right
Although mortgage debt is ‘smart’ debt, buying your first home is a huge financial decision and there is a lot to think about. It’s one of the most important financial decisions that most Canadians will make in their lifetime. This means you need to make sure you are getting the right first time home buyers advice for your needs.
You want to take advantage of today’s low rate environment but it can be overwhelming to sort through all of the options out there. As your Mortgage Consultant, I will help get you the right combination of mortgage features, privileges and rate that is best matched to your needs. The right mortgage goes beyond just the rate – it’s important to also consider the term, prepayment options, refinancing penalties, restrictions, and fees. It’s also important to know why these are just as important as rate!
Before you start shopping for a home – and long before you consider putting an offer on one – let me help you determine how much you can comfortably afford. With today’s low rates, it is likely that you can qualify for much more than you think!
Having a realistic budget to start will bring you confidence, knowing that you are not overextending yourself. Remember that home ownership involves costs beyond the monthly mortgage payment such as property taxes, strata fees, utilities, and insurance.
I’d be happy to help you build a strong away team so that all aspects of your home buying experience are efficient and professional. Your team will include a Realtor, Lawyer, and a Home Inspector.
There are additional costs that come with buying a home so you’ll need to have some extra funds set aside to cover these costs. Generally, you can expect to pay between 1.5% and 4% of the home’s selling price in total closing costs. I can outline all of your closing costs so you won’t be caught by surprise.
I will also provide strategies to help you pay your mortgage off faster and shave thousands off interest costs over the term of your mortgage.
There’s so much to consider.The first step is to contact me today so you can get into the market and start your wealth building with smart debt! I’ll help you get off on the right foot in your home buying journey.