One

Qualification

How much can you afford? Generally speaking, your mortgage payments should not exceed 35% of your income. Start by talking to your bank but don’t stop there. Just as you would shop around for the best price on a new car, the same applies to getting a mortgage. Aside from banks, private lenders may also be beneficial. This vital first step will dictate and simplify the rest of the buying process. 

Two

Preference

Within those parameters, you can then decide what type of home you desire. Detached? Semi-detached? Condo? Townhouse? When making this decision it is important to determine your “Must haves” and “Would like to haves”; everyone wants a Casa Loma, but is that feasible?

Three

Area

Determining where you want to live is also important. Downtown? Suburbs? Rural setting? Our lives seem to revolve around our jobs and family, so your commute to work and distance to close relatives may be of utmost importance. 


Once these three steps are taken...

I will:

  • Find your home within your specifications and only focus on what is relevant. 
  • Conduct a Comparative Market Analysis of the subject area. 
  • Carefully explain and put together an offer with the necessary conditions.
 

Start planning for your new home with this trusty Mortgage Calculator. 

Ontario Mortgage payment calculator

 
Mortgage calculator by ratehub.ca
 

If you'd like a more in-depth discussion, give me a call or email me.