Financing a Purchase
If you have
owned a home before then you have a good basic knowledge of the
intricacies involved in buying a house. The basics have remained
the same but there have been a lot of recent changes to the
processes so please take the time to re-educate yourself. Below
are a few tips to help you along the way to buying your next home.
You can also email us for a free
Buyer's Check
List. (Enter your name and phone number to receive a
free Buyer's Check List).
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Join the
Mortgagehelp Information Service. Not only will you learn a lot
by reading the questions and answers form people like you, but you can ask as many questions
as you want anonymously, maybe you have a story you would like too
tell, OR just sign up & register to
receive the latest email newsletters (Free to visitors of this
site, by entering your name, and phone number)
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Get a
pre-approved mortgage. This will help you determine how much of a mortgage
you qualify for and will allow you to explore different financing
options that will help you save money on your new purchase. Issues
to discuss at this point could be penalties to get out of an existing
mortgage, refinancing a fresh mortgage, current mortgage rates
and minimization of fees. You can do all of this through us.
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Find a
good
lawyer(not an
oxymoron!). Often a lender may contribute to legal expenses.
Email us
(Enter your name, and phone number, and also the situation that
you need a lawyer for) to receive a list of recommended lawyers in your
area.
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Find A
Good
Real Estate Agent. You may need to deal with an agent for the sale
of your existing home and the purchase of your new home so make
sure you choose someone you can work with.
Email
us for
recommended agents. Specify your name, phone number, what type of property that you are
looking for, rough price range, and any language preferences.
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If you are
buying a resale home you may wish to have a home inspection
completed! For a few hundred dollars a home inspector will view
the home with you and point out any shortcomings of the house.
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If you are
buying a new home from a builder ALWAYS have your lawyer review
the Contract before you sign on the dotted line. Most lenders will
require a 'fixed price' contract.
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Consult a
mortgage broker about your financing needs! A good broker will
save you money and help you avoid the headaches involved in
dealing with your bank. They will also do all the leg work,
liaising with various parties to 'make it happen'.
If you follow
some of these basic tips you are bound to enjoy your new home! Good
luck! Our help-line has a useful Buyers Check
List covering important points in buying.
Email us for your free copy.
(Don't forget to include your name, and phone number.)
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