Buying a home is one of the biggest financial and lifestyle decisions you will make, so it pays to make an informed decision by first looking at the main disadvantages and advantages of Home ownership. A TMG Mortgage Professional will assist you with the entire home buying decision and process - right from the moment you decide to buy your home to the moment the movers carry the first box through the front door!
Let us walk you through the important highlights you will encounter through the step by step process. Knowledge of what happens when including the costs involved will ease any unexpected pressures.
You can expect professional step by step guidance through the home buying process including the following:
Understanding the Mortgage Products available on the marketplace and what product would best suit your family's financial circumstances?
Knowing what documentation must be provided to obtain a mortgage approval.
Customize Your Mortgage - Making sure your mortgage works for you.
What costs exist over and above my down payment?
Organize your home buying team of professions to assist you with the process. Your home buying team includes your TMG Mortgage Professional, the Realtor, the Home Inspector, the Lawyer or Notary and the Insurance Agent!
Below are some key points to consider;
Knowing what you can afford
Expect better service from your Realtor
Rate guarantee up to 4 months
Ensure all credit approval documentation is in place sooner than later
No cost with no risk and obligation
Open vs. closed mortgage
Fixed rate vs. variable rate mortgage
Length of repayment (amortization) - up to 35 yrs
Term of mortgage
Conventional vs. high-ratio mortgage
Assumability and Portability
What documentation is required for different income types i.e. salaried vs. self-employed
Verification of down payment including the amount, history and source
Lowest rate or cash back
Fixed rate vs. variable rate (or both)
Term from 6 months to 25 years
Pre-payment privileges and penalties
A detailed breakdown of costs will be provided so you have NO surprises
Other costs include: Legal fees, land transfer tax, survey, title insurance, fire insurance, home inspection and HST
I'm looking forward to connecting. Due to being in and out of meetings both for council and business, email is typically the best way to get in touch with me. If you prefer to call, that's fine as well, it just may take me slightly longer to get back to you. Texting is also welcomed.
TMG - The Mortgage Group Canada Inc.
3610 Estevan Drive, Port Alberni, BC, V9Y 5R2