BUYING A HOME

INVEST IN YOUR FUTURE

Owning your own home is one of the best investments you can make. For millions of Canadians it has been the backbone in generating wealth and getting ahead. As you pay off your home, inflation and increased housing demands bring up the value of your home and your net worth. 

Unlike rent, fixed-rate mortgage payments don't rise over the years, protecting you from inflation and your housing costs may actually decrease as you own your home longer. One day you may even be free and clear and not have to worry about housing expenses besides little things like property taxes, maintenance and insurance.

When people get stuck in the endless cycle of rent, they are paying money that they'll never see again. Oftentimes they look back only to realize how much they've put in someone else's pocket and that they could have owned their own home; I don't want that to be you.

In addition to these financial advantages, the pride of home-ownership is priceless. Knowing your home is yours and the freedom to make changes and upgrades that better suit your lifestyle make it more enjoyable to live in. Home-owners also see a stronger sense of stability as they typically move less than renters. This allows you and your family to plant strong roots and build long-lasting relationships within the community.

WHAT YOU NEED BEFORE YOU CAN BUY A HOME:

CREDIT

Having your credit in good standing is crucial to getting a home. Unless you are paying cash, you will be borrowing a significant amount of money from a lender or financial institution so they want to see you are capable of making payments and paying down debt.

UPFRONT COSTS

The minimum down payment you need to purchase a home is 5% of the sale price. You will also need to have some extra money set aside for lawyer fees, home inspections, property taxes and moving expenses. I recommend having 4-5K over and above your down payment to be safe.

JOB STABILITY

It is pretty hard to make mortgage payments when you are in between jobs or just started one - especially if you are on probation. The longer you have been with your employer, the better it will look. If you are self employed, you will need minimum 2 years of financial statements.

PRE APPROVAL

Getting pre approved is essential for buying a home. Not only will it determine if you qualify for a home but for how much. If your credit is in good shape, your upfront costs are secured and you've been at your job for a while, your application is going to be looking pretty good. 

Let's Work Together

FIND YOUR DREAM HOME

When it comes to buying a home, it's one of the biggest decisions you will make. This is why you should work with an experienced professional who will go above and beyond to make sure you find the perfect home - one that fits your lifestyle, budget and goals. 

If you want to work with someone who truly cares for your long term success and get one step closer to achieving your dreams owning your own home, click "Get Started" so I can start working on finding you the perfect home today.

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