Buying a home is the biggest purchase you'll ever make!

Arranging a mortgage is a huge financial decision, so it’s important to be organized and do plenty of research before you sign on the dotted line. Here are a few points to consider: Know Your Numbers - A budget will provide confidence and peace of mind, so examine your finances to determine exactly what you can afford. Lock it Down - Many banks are able to place a hold on interest rates to protect you in case they rise while you’re out house hunting. Consider This - Interest rates are important but there are other considerations such as the type of mortgage (fixed/variable or open/closed) as well as the loan's duration. Get With the Program - Homebuyer programs are a great way to get into the market but they often require a bit of proactive planning so seek professional advice early on. Seal of Approval - A mortgage pre-approval can prevent you from losing out on your dream home as you'll be in a much stronger negotiating position. Do the Math - Current homeowners can also take advantage of mortgage refinancing options as even a slight adjustment to your terms can amount to huge savings! While it’s important to shop around for the best terms, you should also draw up a proper budget and understand the risks of the current and future market. It can sometimes be a little overwhelming so please get in touch if you ever have any questions.