Step 0: Before you begin
In a perfect world, what does your ideal house look like? Forget about the price, location, or any other limitations for now and just imagine the home you can see yourself living in.
Whether it is single family, a condo downtown, or rural living. Think of a place that would be a good fit for you right now, even if you don’t plan on it being your forever home.
Step One: Determine your budget
It is important that you calculate your annual household income. Mortgage brokers will use this number to determine the loan amount that you qualify for. It is also wise to consider your monthly expenses (car payments, food, student loans etc.) because this will give you an idea about how much you can contribute to monthly mortgage payments.
Step 2: Get pre-approved
Having a pre-approval in place as early as possible will make the buying process so much smoother! This is when you want to consult with a mortgage broker so they can take a look at your financial situation and assist you in getting pre-approved for a specific loan amount.
This will outline your price range for when it is time to go house hunting. I am happy to connect you with trusted mortgage brokers in my network
Step 3: Begin your home search!
Now things get exciting! Start shopping for homes and find the place that ticks all of your boxes. I will help you through this process by guiding you on a tailored property search
Step 4: Enter a Contract
Once you find the perfect match within your budget, it's time to submit an offer! Rest assured, I'll be right by your side, providing guidance throughout this crucial step.
Step 5: Close the deal
At this point, the managing agents typically establish a closing date, and the attorneys for both the buyer and seller collaborate with the respective banks to finalize dates and times. Once the closing is complete, you've officially sealed the deal on your new home!
