05/30/2022
1st time home buyer? Avoid these mistakes.
A lack of experience can lead to bad decisions, based on incorrect assumptions. For example:
• Doubting you’ll qualify for a mortgage. Mortgage pre-approvals are free, so get one.
• Not understanding down payment options. Costs differ depending on the percent of your down payment. Talk to your mortgage broker to understand the options.
• Focusing on just the interest rate. Mortgage payment structures, and options can have a significant impact on your overall cost of ownership.
• Forgetting to budget for closing costs.
Use Home Financial Modeler to organize your house hunting. Build financial models. Include photos, and notes. Rate neighbourhood amenities, and compare the properties you viewed to determine the best fit for your family.
Visit our Website: https://www.homefinancialmodeler.ca
Visit/subscribe to us on YouTube: https://www.youtube.com/channel/UCe8p-7Z45F81NRKTyl27yKA/
Friend us on Facebook: https://www.facebook.com/Pinnacle-Paradigms-112005817226254/
Follow us on LinkedIn: https://www.linkedin.com/company/pinnacle-paradigms-inc/
See HFM’s features:https://www.homefinancialmodeler.ca/assets/features.pdf
Review our User Manual:https://www.homefinancialmodeler.ca/assets/manual.pdf
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