Sunday, March 30, 2008

TOP 5 TIPS FOR FIRST-TIME BUYERS

TOP 5 TIPS FOR FIRST-TIME BUYERS

1. Don't shop on an empty stomach: Experts (like me) recommend getting pre-approved for the biggest mortgage you can comfortably afford before you start looking at homes. That way you won't be disappointed when you find out you can't afford that dream home you've set your heart on.

2. Investigate your location: Before you buy, check out local schools, recreational opportunities, amenities and arts and culture. These things often get overlooked in the quest for an easy commute.

3. Practise the commute to work: Before signing anything, try actually getting up early in the morning and doing the commute to work a few times so you'll know how long it really takes.

4. Do your homework: Research government programs that assist first-time home buyers such as the property transfer tax credit or the RSP Home Buyers Plan, as well as the developer's project history in the case of new and nearly new homes.

5. Take advantage of low down-payment mortgages: Experts say even 0 and 5 per cent-down mortgages are a good move in this market because home values are appreciating faster than people can save for bigger down payments.


I would be happy to help answer any questions you may have if you're a first time home buyer or would like to be pre-approved for a mortgage. I can be contacted at 604-764-6336 or via email brent@globalmortgagecorp.net.

2 comments:

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Brent Irving @ MyMortgageBC.com said...

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