Buying a home is a decision which affects you and all other members of your household, and it should be made as much as possible collectively, with thorough consideration given to all its personal and financial implications.
The decision to buy a home should never, ever, be made on impulse. Owning a home should be a long-term pleasure, pride and a satisfying investment. Make sure, before you make any commitment that it's what you want and within the limits of what you can afford and you are well on your way to making it a very happy home before you even move in.
Included here are worksheet forms and calculators to assist you on your exciting journey.
Learn more about mortgage insurance, the one of the most ambiguous and least understood terms in the industry. Since mortgage insurance is very often confused with other types of insurance associated with home ownership, on this page we will explain the difference, help you understand it better, and learn more about different options available to you. Knowing and understand more about mortgage insurance will help you decide what coverage is appropriate for your specific needs. Read more...
Familiarize yourself with the fundamentals of real estate before you invest in your first property.
Make sure your information is up to date. You have to know and be realistic about today's real estate market.
Location matters, so before you buy any real estate property, ensure that it's in a good location.
Regardless of how certain you are that you will get mortgage, it is always good idea to get pre-approved.
Keep in mind, the commission is always negotiable upfront, before you sign a contract.
If you are working with agent, make it clear that you want the agent, not his/her assistants, to represent you.
Before you buy any real estate property, have it inspected by a professional home inspector.
If you are buying property with a partner, have a proper partnership agreement to protect both of you.
Make sure you read your listing or buyer’s agreement carefully before signing it.
Don’t skip the final walk-through to make sure that everything is done properly, and that the items you agreed should stay are still there.