3. Get pre-approval for a mortgage.
Get pre-approval in
writing. You will know
how much you can
afford for a house and
it will give the seller
more confidence in
your offer because you
have financing
arranged.
4. Get financing
arrangements in writing.
Understand how your
mortgage works – fixed
or variable rate,
payment schedule,
fees and any special
conditions.
Buying Your First Home
5. Shop around.
Go to open houses.
View a variety of
properties. Explore
different
neighbourhoods and
rank them based on your priorities.
Photo credit Alan Cleaver via Visualhunt.com CC BY
6. Check the documents carefully.
When you're ready to buy, review all documents related to the purchase
with a relator or notary/lawyer. You will be signing a binding legal
contract so it is important to make sure all information is correct.
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