1/ Credit: Before you start you home buying process, make sure you get your credit checked to save valuable time.
2/ Be Realistic: Everybody wants the 54-room mansion however most of us cannot afford this. Work with your Realtor to see how much you can realistically afford and still have a life!
3/ Portion of Your Paycheck: Mortgage Lenders typically want the buyer to contribute a portion of their own funds toward the purchase of a home. These funds are often referred to as the down payment. Many options are available.
4/ More than the Down Payment: Many people want to know what their monthly mortgage payments are. Visit www.century21.ca to use the mortgage calculator.
5/ Don't Shut Out a Sale: Make sure you saved enough money to cover the down payment and closing costs.
6/ Affording the Changes: Not everyone likes olive green color walls. Make sure you can afford the superficial changes of home decorating.
7/ Don't Settle Yet: Don't rush. This is an exciting time; take home searching with stride and enjoy the process.