Buying a home is one of the biggest financial decisions you will make, so it is important to know your current financial situation to be sure that you buy a home that you can afford.
Many people believe they have to save a large down payment. Thanks to mortgage insurance, there are various programs that enable homeownership with as little as 5% down payment.
You may feel the excitement fade when you discover the steps it takes to become a homeowner. It’s true that it can be challenging, but with the right mortgage professional by your side, the process will be less daunting.
Steve and Nathan can help:
- You know exactly what you can afford. Getting your mortgage pre-approved will let you know what kind of house or condo you can afford. It will make the search for your home easier and less time-consuming.
- You budget so you know all your new monthly expenses.
- Walk you through the whole buying process.
- Provide you with a First-Time Homebuyer’s Guide. This guide provides you with clear, straight-forward information on who to consult, what to ask, and what to do. You’ll know what to expect and be in control every step of the way.
With the help of your mortgage professional, you’ll see that buying a home can be exciting and rewarding—as it should be!
First Time Homebuyer Useful Links
First Time Homebuyer Incentive
BC Property Transfer Tax Exemption
RRSP Home Buyers Plan (HBP)
First-Time Homebuyer’s Guide