Previously -
Step 1 - Determine What
you can Afford
Step 2 -
Understanding Market Conditions
Step 3
Obtain a Pre-Approved
Mortgage
Having a pre-approved
mortgage will give you the confidene of knowing
exactly what you can spend on a home before you
start looking. You will also be proteted
against interest rate increases while you look for
your new home.
Your Mortgage
Specialist will answer your questions and help you
determine which financing terms and options are
right for you. Your Mortgage Specialist and
Realtor work as a team to help you find the right
home and select the best financing.
Finalizing your
Mortgage
Once you've found the home you want to purchase,
there are some documents you'll probably be asked
for in order to finalize your financing. They
will include:
- a copy of the
real estate listing of the property. If
the home is still to be built, the mortgage
lender will need to see the architect's or
builder's plans and details on lot size and
location.
- a copy of the
offer to purchase or the building contract, if
this document as been prepared.
- documents to
confirm employment, income and source of
pre-approval.
If you have a
pre-approved mortgage, it's a simple matter of
finalizing a few details, which your Mortgage
Specialist will explain to you.
Next month.... Step 4
The Major Elements of an Offer
Linda Belan
Mobile Mortgage Specialist
This
information is provided by Kathy Murphy, your Royal
LePage Key Realty Agent.
Kathy says: "Why Wait!" Take advantage of fantastic
interest rates, leveled home costs and home
improvement government rebates! Let me help you find
your dream home with a mortgage that can cost you
less than rent!"
For more information and
home buying advice contact Kathy today!
Kathy Murphy
519-330-4543
email:
kathymurphy@royalkey.ca |
