Looking to purchase a home? It can be seen as quite a tricky business but with the right team and guidance, it’s as easy as unlocking your new front door!
What Type of Home Do You Want?
There are a wide variety of home types from which to choose. You'll want to select the home that best fits your needs and preferences. How many bedrooms? Do you want a basement? How many floors? Do you want a single story, or multi-story home?
If you’re not sure what type of home you’re wanting, then it’s best to do some research - visit different types of homes in different areas and see how you would fit into each of the different types of homes.
How Much Cash Will You Need to Pay?
You'll need to consider how much you're willing to pay for the house. If you’re wanting to find out more about the investment you will need, our lending specialists will be able to help! They will help you apply for a copy of your credit file as well as to work out the costs that will go into your home purchase. These costs will include your deposit, stamp duty, legal and conveyancing costs, finance and insurance costs, any building or pest inspections that will be required as well as your monthly mortgage repayments. It’s also important to consider your total monthly costs in your calculations. The closing costs on a new home can be approximated by a monthly budget you can stick to - making home ownership a stress-free experience.
What Kind Of Financing Do You Have In Mind for the Purchase?
The most important decision you must make is whether you want a mortgage. You'll need to analyze your future financial obligations, and decide if this house payment fits within your budget. Contemplate the long haul of maintaining your house or apartment. Will you be able to handle the payment comfortably? Long term maintenance and upkeep is not necessary, but you must ask yourself if your overall life could change for the better.
What Kind Of Mortgage Do You Plan To Get?
There are several different types of loans available, and it is important that you have a complete picture of the financial requirements for your mortgage. This way, you can also ask our lending specialists for alternatives till you find an option that best fits your needs. Just give us a call at YNM Real Estate agency!
