Miss This Information And Miss Out On Buying A Home:
I understand purchasing a home is a long-term goal many of you have been thinking about, planning and saving for. I am sure you are soon finding out, buying a home is BOTH a financial AND emotional investment.
Buying a home requires you to anti up some money. The minimum down payment in Canada is 5%. Not only that, lenders require you to have an additional 1.5% to cover the closing costs to purchase your home. Closing costs are monies required to complete the purchase of your home. Things like legal fees, moving expenses, and cleaning.
Saving for your down payment, may take years of diligent planning and execution. In addition to saving your own money for a down payment, you may also use an immediate family member’s “gifted down payment”.
A gifted down payment is a sum of money that is not required to be re-paid. Your down payment may be 100% gifted, or only a portion of your down payment gifted. Certainly, the amount you have available to you for your down payment determines your home affordability.
And planning to purchase your home TODAY for some time 6-12 months from now, is strongly recommended. Why? Because I help save you time searching for homes online, at open houses and with your Realtors.
You’ll also save money by strongly negotiating with a seller because you are confidently pre-approved for a Mortgage. You are also confident in your decision to purchase a deal in this market place.
