Purchasing a home is a significant investment that requires careful planning and preparation. By following the right steps and making informed decisions, you can find a home that meets your needs and fits your budget.
From determining your budget and getting pre-approved for a mortgage to working with a real estate agent and finding the right property it gets pretty confusing. So whether you’re a recent college graduate, a newlywed couple, or a growing family, this guide will help you feel more confident, make the home-buying process more manageable and find the right one for your needs.
The mortgage pre-approval process is an essential step in the home-buying process. It helps potential homebuyers understand how much they can afford to spend on a home, and it gives them a better chance of getting approved for a mortgage when they find the home they want to buy. However, navigating the mortgage pre-approval process can be overwhelming, especially for first-time homebuyers. With this in mind, Keith Uthe Demystifying Mortgages has prepared five points that will help you how to navigate the mortgage pre-approval process, including what documents you need, how to choose the right lender, and what to expect during the pre-approval process.
If you're a homeowner, you may already have a mortgage with a lender. However, did you know that you have the option to transfer your mortgage to a new lender? Mortgage transfer is the process of moving your mortgage from one lender to another, and it can offer several benefits, including access to more rate options and equity. To explain this in more detail, Keith Uthe Demystifying Mortgages has prepared a list of benefits that you can get while a mortgage transfer.
While owning a home can be a great investment, the process of buying one can be overwhelming, especially for first-time homebuyers. Understanding the costs associated with buying a home is crucial to avoid surprises and ensure that you are financially prepared for the home buying process. To ensure you are in the know, us experts at Keith Uthe Demystifying Mortgages have prepared a list of five points for understanding the costs of buying a home.
Renewing your mortgage can be an overwhelming experience, especially if you are unsure of what to expect. With so many options available, it can be difficult to know which one is the best fit for you. Making the right decision when it comes to renewing your mortgage can save you a considerable amount of money in the long run. To explain this in more detail, Keith Uthe Demystifying Mortgages has prepared a list of five questions to ask yourself before completing your renewal.
The COVID-19 pandemic has pushed up the cost of building materials significantly. Consequently, The National Association of Home Builders (NAHB) estimates that high lumber prices are currently adding at least $24,000 to the price of a typical new single-family home.
Getting the best mortgage on your home makes a huge difference in affordability, financial wealth and abundance. It can save you hundreds or cost you thousands.
For the second time since the beginning of the pandemic, the Bank of Canada has lowered the benchmark qualifying rate a further .15% to 4.79%. For a buyer with an annual income of $80,000 that is approximately $6,300 of additional mortgage space compared to the previous qualifying rate of 4.94% and approximately $11,000 more than the qualifying rate of 5.04% that was in place at the beginning of the pandemic.
As most of you know, my personal vision is that 'Everyone Shall Live a Life of Abundance'. I am always seeking ways that will help me be successful in fulfilling that vision in what I do as a mortgage broker and real estate investor.
Getting the best mortgage on your home makes a huge difference in affordability, financial wealth and abundance. It can save you hundreds or cost you thousands.
