Buying a Home
Buying a home can be thrilling and financially rewarding - but it can also be very stressful. I am here to make sure you're looked after from the start to purchase. I will guide you through your entire home buying process to ensure you find your right home, at the best price and keep legally protected.
Step 2. Confirm Your Budget
A crucial part of your proactive home search is being pre-approved for a mortgage. Being pre-approved is key because:
- You will save time by targeting the right homes.
- Your interest rate will be guaranteed for a set period of time (typically 60-120 days) so if rates rise, you still get the old rate. If rates drop, you get the new lower rate. You win either way.
- You can make a better offer as soon as you find your dream home.
- You save time and reduce pressure when you finalize your loan during subject removal as you've already assembled your paperwork.
Mortgage rates and terms vary between lenders and choosing the best one will save you money and help you pay it off faster. I suggest you compare mortgages available from your current financial institution and others. I can refer you to professionals who can help you secure financing, often at better terms and rates than you can get at your bank. Mortgage brokers are paid by the lender so there's no cost to you.
Based on your goals, budget and market conditions, I will provide you an unbiased opinion as to whether now is the right time for you to buy a home.