Great Decision!
Buying your first home is one of life's greatest experiences. The house is yours, the property belongs to you and a landlord can not tell you to move out because there is no landlord. Yes it is a great feeling, trust me.
The following is a point form of what you will need to do and what will happen during the process of buying your own home. At anytime during the process you can ask me to help you understand further what is required of you:
1. See a mortgage broker and get a pre-approval
-Make sure your credit rating is correct and in good standing
-Find out what you can afford with your current income
-Discuss your down payment and closing cost options
2. Talk to a Realtor to find the home best suited for your needs
-Write an offer to purchase
-Include any conditions (subject to's) you feel are required
3. Send accepted offer to the mortgage broker to start working on finance.
4. Choose a Lawyer or Notary to complete the property convayence for you.5. Remove conditions to offer as they are completed and acceptable..
6. Be prepared for moving costs (hydro/ cable hook ups etc...)
7. Sign all documents for land transfer and mortgage at Lawyer/Notary.
8. Moving Day!
Click on the links below to learn about:
What you should know about your credit rating...
From Renting to owning, compare the cost...
Getting a co-signer
Mortgage Questions? Please ask....
Contact Info
Phone:
250-334-1683
Fax: 250-334-1834
Toll Free: 1-866-989-6414
E-mail: rickbossom@yourmortgageinfo.ca
Want more info - go to the contact page
Testimonials
I met Rick Bossom about 18 months ago through an online inquiry while pursuing a mortgage on my first home.Rick was and is a Savior in my eyes.
What I had imagined would be an intolerable and stressful situation he made a very easy task - for me.
Now he had his job cut out for him because all the odds were stacked against me and my situation. Self-Employed, one income etc...
However he pulled it off in a very professional way that allowed me to place my trust in his hands and just let him do what he does best.
At that time I only took a mortgage for one year. There was no hesitation or second guessing for me when it came time to renew.
This time around was very quick and Rick had remembered everything about everything so all I needed to say was its time and he had my mortgage for me within a few days.
My only regret is that this time its for 5 years so I won't be doing business with him until then.
You can be guaranteed I will be passing his name around whenever possible because I know Rick can take care of anyone and in a very kind and professional proficient manner.
and NO he is not a family member (altho I would be happy to have him in mine) nor have I ever met him personally but I hope to one day.
Jan S.
Mortgage Tip
- A bi-monthly payment will not pay your mortgage down faster and should never be confused with a bi-weekly payment.
The bi-monthly mortgage payment is your monthly payment made twice a month. You will make 24 payments per year . A bi-weekly payment will create 26 payments per year, two extra payments that go directly to the principal balance of your mortgage. that is how the bi-weekly payment will save you thousands of dollars and years of amortization on your mortgage.