01
Credit
Having your credit in good standing is crucial. Unless you're paying cash, you'll be borrowing a significant amount from a lender, and they want to see you can make payments and pay down debt.
Buying a home
Invest in your future.
Owning your own home is one of the best investments you can make. Here's what to have in place, and how we'll work together.
For millions of Canadians, owning a home has been the backbone of generating wealth and getting ahead. As you pay off your home, inflation and growing housing demand raise the value of your property and your net worth.
Unlike rent, fixed-rate mortgage payments don't rise over the years, protecting you from inflation—and your housing costs may actually decrease the longer you own. One day you may even be free and clear, with only property taxes, maintenance and insurance to think about.
When people get stuck in the endless cycle of renting, they're paying money they'll never see again. Often they look back and realize how much went into someone else's pocket when they could have owned. I don't want that to be you.
Beyond the financial advantages, the pride of ownership is priceless. Knowing your home is yours, and having the freedom to make changes that suit your lifestyle, makes it more enjoyable to live in. Homeowners also move less often than renters, which lets you and your family plant strong roots in your community.
What you need before you can buy a home
02
Upfront costs
The minimum down payment starts at 5% of the purchase price. Set aside extra for legal fees, a home inspection, property tax adjustments and moving costs—I recommend $4,000–$5,000 over and above your down payment to be safe.
03
Job stability
It's hard to carry a mortgage between jobs or on probation. The longer you've been with your employer, the better your application looks. If you're self-employed, you'll need at least two years of financial statements.
04
Pre-approval
Pre-approval is essential. It confirms whether you qualify and for how much. With good credit, your upfront costs secured and steady employment, your application is in great shape.
Find your dream home
Buying a home is one of the biggest decisions you'll make, which is why you should work with an experienced professional who'll go above and beyond to find the right one—a home that fits your lifestyle, budget and goals.
If you want to work with someone who truly cares about your long-term success, let's talk. I'll start working on finding you the right home today.