Before you step into an open house or fall in love with a listing, it's crucial to have your mortgage pre-approval in place. Why? Because it saves you time, stress, and helps you move fast when the right home comes along.
Ready to buy your first home (or next!) in Canada, but feeling overwhelmed? 🤔 This video is your ultimate guide! We bring in real estate and mortgage experts to share essential tips before you even start house hunting. Learn about current interest rates (like the Bank of Canada's current 2.75% rate as of July 2025!), the power of pre-approval, managing your credit score, and smart budgeting for all homeownership costs.
We'll cover:
- Navigating fixed vs. variable mortgage rates.
- Gathering all your necessary financial documents.
- Understanding down payment sources (like RRSPs or gifted funds!).
- The impact of new debt on your mortgage approval.
- Deciding if buying or renting is right for you.
Don't go into the market unprepared! Build a strong team of professionals and confidently navigate your home-buying journey.
Join REALTORS Andrew Plank and Jane Johnston, along with Mortgage Specialist Jen Lowe, every Thursday at 9:30 to discuss topics of interest for buyers and sellers of Victoria Real Estate.
Jane Johnston // RE/MAX
www.briarhillgroup.com/
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Andrew Plank // Royal LePage
www.andrewplank.com/
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https://bit.ly/Subscribe-youtube-Andr...
Jen Lowe // DLC Modern Mortgage Group
www.jenlowe.ca
