FIRST TIME HOME BUYERS

FIRST TIME BUYER HOMES

View all homes $200,000 - $500,000 in the following areas!!

 

                 

                

               

 

  

       FIRST TIME BUYER CHECK LIST

                        STEP 1

     Getting A Mortgage is the First Step

  • Go to "Credit Karma.ca" and check that you have good Credit Report
  • 640 Beacon Score or Higher is what the banks like
  • To get a higher credit score all credit cards must be below maximum credit limit
  • Few or no late payments for several months may also increase your score
  • Job stability for 2 years
  • Current Salary Letters & T4's
  • Proof of Down Payment  
  • Down payment can come from many means 
  • Savings presently in Account 
  • Gift Letter from a Family Member 
  • RRSP's
  • Sale of Car, Boat etc.
  • .......................................................................................
  •  Then there is the amount you can Save between now and Closing Day (ie) If your last months rent is prepaid you can save that amount.  Plus if you can save on any other cut backs like eating out etc.  Many buyers realize when they put their minds to it....they can easily save $3000 or $4000 in 90 days towards down payment or closing costs.
  • With good credit & good jobs some banks offer Cashback on closing to assist in buying a home
  • ........................................................................................
  • Call or Email 647-294-8274 to Learn how to...
  • Buy with Little or Nothing Down 
  • Get Cashback on Closing to help with moving expenses

 

Step 2 - Determine the Maximum Price you are willing to pay for a Home

Affordability - what is the maximum monthly payment you can afford including heat, hydro and taxes

With above credit information you provide to the bank they can tell you the price range you can afford for a home.

 

View all homes between $200,000 and $500,000 in the following areas!!

  The farther East you go - the more house you will get for the money

                            

                    

             

 

Mark Shaver

Mark Shaver

CENTURY 21 Wenda Allen Ltd., Brokerage*
Contact Me

Contact Me