Mortgage Blog
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Save On Your New Home
November 22, 2021 | Posted by: Marc Crossman
Closing on your home is a major milestone moment, and something to be very proud of. The home-buying process can also be overwhelming, but don't fret! There are ways to save thousands of dollars on the purchase of your home.
Find the Right Mortgage Broker and Realtor
The right mortgage broker is not only gives you a mortgage, but they should be your guide through every step of the home buying process. Also, having the right realtor is key to feeling confident when buying a home. Your realtor is instrumental in not only helping you find the right place, but in negotiating the price of the home.
Get a Mortgage Pre-Approval
A mortgage pre-approval analysis will breakdown your finances and loan options to help you see exactly what you will be paying over the life of your loan. It helps you compare the impact of different loan terms, interest rates, and down payments so that you can make an informed and confident decision.
Save as Much as You Can
The larger your down payment, the smaller your mortgage. Make sure you are able to put money down without losing all your savings. You still want to allow for moving expenses, furniture, vacations, and emergencies.
If you don’t have a lot of cash saved for a down payment, familiarizing yourself with the Flex Down program, which might be a crucial missing step to get you into your next home. You’re not alone though, we’re here to chat anytime! Call us today at 780 701 3888 or email marc@albertamortgagepros.ca
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