For first time home buyers the buying process can be overwhelming. Getting to know your options, calculating the costs and getting a mortgage pre-approval can jump start your process. Following these four easy steps will increase your confidence and ready you for your first step into home ownership.
1. Connect
It’s time to meet with your mortgage broker to discuss your financing options and confirm that you are financially ready to buy a home.
2. Select
Your broker will discuss mortgage terms and interest rates and will explain what you must do to ensure that you get approved for a mortgage once you find your home. You will work together to select the right mortgage package that fits your lifestyle and needs.
3. Find A Home
Now that you have a clear picture of your finances and mortgage options, it’s time to start thinking about the kind of home you want to buy.
4. Make an offer & close the deal
Congratulations! You’ve chosen a mortgage that works for you, found a home that fits your budget and put together your home buying team. Now it’s time to make an offer and close the deal!
We can help simplify the home buying process for you, and explain your option! Contact Canadian Mortgage Brokers today.
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