There are many good reasons to buy and own your own house, instead of renting. There are a lot of benefits to doing it at the correct time as well. However, there are various factors to consider and measures to follow before you can become a homeowner.
The most crucial step before beginning your home purchasing journey is to figure out why you’re contemplating it in the first place.
Your financial condition may play a role in whether or not you acquire the best mortgage term for your home purchasing. For example, the higher your credit score, the better the mortgage term you’ll be able to get, but you don’t need a perfect credit score.
In any case, you’ll know the best options available to you by talking with a premier mortgage broker.
48 HOURS FUNDING IS JUST A CLICK AWAY.
HOW TO KNOW WHAT YOU CAN AFFORD.
The first prudent step in any home purchasing endeavour is to first find out what you can afford.
A home purchasing journey can be easy or hard, depends on whether you have the right mortgage broker on your side.
You will only need to show proof of income, your paystubs, and any investment income you might have.
Remember, it is important to start looking at the big picture right now.
This means to start taking a hard look at your available resources for a down payment. Then consider your desired lifestyle after you buy your next property.
You have just been offered a job in a different city and now you are considering buying a new property. You figure that you will be able to save up for a down payment in the next two years.
It is easy to get into this situation especially if you are living your dream or pursuing your passion. As such, you should make a realistic goal of how much you can afford to pay each and every month for the next year so as not to exceed your budget. Also, keep in mind that you don’t need an expensive car, house, or vacation to ‘live the dream’.
Before you start saving for a down payment, make sure you have done enough research on the city where you want to buy a new house.
If you are currently renting, you are likely burdened by the stress of a few things.
Wouldn’t it be nice to finally have a home that is not only affordable but also suits your lifestyle perfectly?
Now you can find out what you can afford when you apply for a mortgage with Jermaine Hinds Mortgage Broker.
WHAT IS A GOOD MORTGAGE RATE AND WHAT IS A BAD MORTGAGE RATE?
Deciding on a mortgage rate is a big decision. Which one to pick? Which one to qualify for?
Getting a mortgage to buy a house is hard but what makes it even harder is all the different rates that lenders advertise.
So how do you know which mortgage rate to choose?
The best way is to get insights from a trusted mortgage broker like Jermaine Hinds, who has some tips for you.
Buying a home is one of the biggest financial decisions of someone’s life. It can also be a complicated process with many people working together to ensure that it is a success.
Now, what if I told you that there is a way to make the home buying process simpler by choosing the right mortgage rate for your situation.
Who better to help you understand what you really need than someone who has helped hundreds of people with mortgage rates based on their needs and goals.
Work with a premier mortgage broker to know more about your options.
TIPS ON SAVING UP FOR A DOWN PAYMENT.
Many people think that in order to qualify for a mortgage loan, you need perfect credit scores, a high-paying job, and plenty of assets.
The truth is that you can qualify for a mortgage loan even with average credit scores, and various other factors if you are willing and able to save up for a down payment.
Credit rating doesn’t really matter as much as you’d think for getting approved for a mortgage loan when you work with a premier mortgage broker. This is because I have access to conventional and alternative lenders who have reasonable lending guidelines.
Saving up for a down payment can be done through consistent savings habits if you have planned out your fixed income and expenses every day. Or, you can tap into gifted down payment from your immediate family members to assist you with buying your new house.
Last but not least, you have the option of borrowing a loan and using it as a down payment to buy a home.
There are many other mortgage options that you can leverage when working with a premier mortgage broker to help you with your down payment.
Jermaine Hinds, Mortgage Broker
Jermaine Hinds is a licensed mortgage broker for mortgages across Canada.
Your mortgage options are powered by Matrix Mortgage Global (Brokerage Lic. #11108). This means you gain access to more than 100 different lending partners who are ready to offer you various mortgage solutions, including mortgage renewals, refinancing, second mortgages, home equity loans, bridge loans, and other specialized mortgage products.
Read the previous Press Release here.
