First-time Home Buyer Richmond Hill Checklist

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First-time Home Buyer Richmond Hill Checklist
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• Think before going for a mortgage loan

• Don't spend your all saving

• Hows Your Credit?

• Do You Have a Down Payment?

• Hire a professional Mortgage Specialist

The Checklist

• Set your priorities right.

• Dont be Impulsive in Buying

• Inquire, study the the home which you want to buy

• Don't change the job frequently

• Buy house that is easily sale-able

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• Think before going for a mortgage loan

While buying homes for first time don't go after
mortgage home loan. Before proceeding think
logically whether you are able to bear such
burden after all kinds of additional cost such as
property tax, insurance, maintenance cost, other
bills, etc.
Farideh Frouzesh
https//mortgage.rbc.com/farideh.frouzesh
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• Don't spend your all saving

After buying a new home, a homeowner most likely
to expect minor or major repair work soon. So,
you have to spend money for the repair. Therefore
you should calculate that you have enogh savings
for such expenses.
Farideh Frouzesh
https//mortgage.rbc.com/farideh.frouzesh
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• Hows Your Credit?

Besides the aforementioned documentation, you
will need to have good credit to apply for a
mortgage in Canada. Though as a Newcomer it is
not possible. But you can apply for for a
Canadian credit card. It will be a prove that you
are able to bear the debt when you make all your
payment in time.
Farideh Frouzesh
https//mortgage.rbc.com/farideh.frouzesh
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• Do You Have a Down Payment?

Without down payment lending a mortgage is not
possible. If you want a mortgage loan as a
First-time home buyer, you have to produce at
least 10 of total loan amount.
Farideh Frouzesh
https//mortgage.rbc.com/farideh.frouzesh
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• Hire a professional Mortgage Specialist

First-time Home owners often find themselves lost
with the technical terms of papers. So, you
should hire a professional Mortgage Specialist.
Who will make you understand what will be good
for you according your financial condition.
Farideh Frouzesh
https//mortgage.rbc.com/farideh.frouzesh
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• Set your priorities right.

Being a first-time home buyer makes you often
compromise due to limited funds. So, ask yourself
which is essential for the accomodation according
to your fund. Because you have already made a big
investment by purchasing a new house.
Farideh Frouzesh
https//mortgage.rbc.com/farideh.frouzesh
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• Dont be Impulsive in Buying

If the home meets your needs on all other ways
say affordability, area, maintenance-wise, etc.
do not let any minor imperfections divert you
having bigger thing.
Farideh Frouzesh
https//mortgage.rbc.com/farideh.frouzesh
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• Inquire, study the the home which you want to buy

Before buying a home the customer should enquire
about the house which he is going to purchase.
Though its very difficult to predict what kind of
development will be made in future to this area.
If possible meet the neighborhood to avoid any
kind on unpleasant surprises.
Farideh Frouzesh
https//mortgage.rbc.com/farideh.frouzesh
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• Don't change your job frequently

Changing company means promotion. It is surely
beneficial for career. But if you change
companies frequently it may cause difficulties
for loan approval. The bank would always make
sure that you have steady income, employment and
presence to repay the loan.
Farideh Frouzesh
https//mortgage.rbc.com/farideh.frouzesh
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• Buy house that is easily sale-able

It is always clever to buy house that is easily
sale-able. Makes your home appealing to buyers if
your purpose of buying is reselling. Look for
interesting features in home, society that would
make it easily sell.
Farideh Frouzesh
https//mortgage.rbc.com/farideh.frouzesh
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First-time Home Buyer Richmond Hill
Buying your first home in the Richmond Hill and
surrounding regions of Ontario can be an
exciting. But you may face some unwanted problems
as a First-time home buyer. But when you meet
Farideh Frouzesh, all hassle will be removed and
you can get into your new home.
Farideh Frouzesh
https//mortgage.rbc.com/farideh.frouzesh
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