Buying a Property

Pre-Approval

Purchasing a property should be the most financially rewarding experience of one’s life. However, before you rush into looking at properties you’ll need to know how much you can afford! Things to consider during this process could include: The purchase price, costing cost (usually 2% of the mortgage), length of employment, how much you have for down payment and credit history. Once you’re pre-approved the fun part begins!

Consignment / Assignment

These are excellent investment options for those who currently aren’t eligible to get pre-approved at this point in time. How it works: You invest a lump-sum of cash, usually in 3-4 intervals of 10-20% with a developer. During this time of approx. 2-4 years the building is under construction. This gives you time to plan ahead and work towards your goals while securing a property. I will personally coach you in preparation for your mortgage pre-approval. Then if for some reason you aren’t able to complete, you have the option to sell with capital gains.

First Time Home Buyer

Congratulations on making the greatest investment of your life. For all first time home buyers, banks will allow 5% down payment of the purchase price. I will keep things on schedule, organized and be transparent from the start. By walking you through the steps and giving you guidance on processing paper work. We will sit down and go through your mortgage application in dept and discuss a realistic time frame on getting you pre-approved.

New to Canada / Permanent Resident

Have your documents ready.