TOP HOME BUYING TIPS FOR CANADIANS

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TOP HOME BUYING TIPS FOR CANADIANS
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• The decision to purchase a new home is one that
  most make only after careful consideration a
  process which should involve asking yourself the
  following questions
• Can I afford to buy a new home?
• Is my credit score good enough to secure a loan?
• Do I have the funds for home ownership once Ive
  purchased one?
• Would renting be a more sensible choice right
  now?
• Once youve given everything due thought, and
  have concluded that yes, you are ready to
  purchase your new home, youll need to begin
  taking measures to fulfil the following steps

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• Putting money aside for a down payment
• With minimum requirements for down payments in
  Canada typically at 5, the average home buyer
  will need to have around 25,000 available to
  secure a down payment on a property. Setting a
  clear financial goal can help you achieve this.
• Establishing and maintaining solid credit
• Lower interest rates, monthly payments and lower
  overall home buying costs are usually achievable
  with solid credit. If you need help improving
  your credit report, or simply want additional
  advice about credit in general, talk to a credit
  professional as soon as possible.

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• Finding a suitable mortgage broker
• When you choose a reputable, experienced mortgage
  broker to help you purchase a property, the whole
  process becomes easier and a lot less stressful.
  Undoubtedly worth their fee, a broker can help
  you gain access to the best rates and give you
  up-to-date, qualified advice throughout the whole
  process.
• Securing pre-approval for a loan
• When youre making a bid on a property, having
  pre-approval for a home loan can give you a
  significant advantage over others.

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• In order to secure pre-approval for a loan,
  youll need to be able to show your chosen lender
  some proof of income, employment and assets,
  along with good credit. Your broker will of
  course help you with this.
• Finding your new home
• Locating your new home can sometimes take weeks
  or even months, and youll have a lot of factors
  to consider before you decide to make a bid, but
  this process shouldnt be rushed. Once youve
  found the right property, you can begin talking
  with more intent to your broker, who will jump
  into action to find you the best deal.

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• Budget planning for all other expenses
• A mortgage is only one expense associated with
  buying a home, there may me many others and not
  all of them are foreseeable. Aside from insurance
  and property taxes, you may have a series of
  maintenance and/or repair costs to consider
  devising a detailed budget can help ensure that
  any unexpected or unaccounted expenses, dont
  cripple you financially.
• Throughout the home buying process, seek help
  from wherever you can find it, professional or
  otherwise, and dont be afraid to ask around for
  advice and guidance that could help you avoid
  making any costly home buying errors.

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• Red Key Mortgage is located in Calgary, Alberta.
  We are a boutique brokerage with high volume
  serving hundreds of clients locally and
  nationwide every year. We have a number of
  associates dealing in mortgages as licensed by
  the Real Estate Council of Alberta. Being the
  best Calgary mortgage agent, Red Key Mortgage,
  will provide all of your available options from
  the entire mortgage market and allow you to make
  an educated decision where you'd like your
  mortgage to go. Red Key Mortgage works with big
  banks in Canada, as well as over a dozen other
  AAA lenders. Best of all, our services are paid
  for by the lenders at no additional cost to our
  clients. If you are looking for 2nd mortgage in
  calgary, contact us today! We can't wait to get
  started.