Jeff Di Lorenzo

Mortgage Specialist

Cell : (778) 839 3963
Email:

Jeff@yourequity.ca

MCMTMG The Mortgage Group Canada inc.
&
The Mortgage Group Alberta LTD.

 

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First Time Home Buyers

One of the most important investments of your life is the purchase of your home.
There are many important questions that a first time home buyer must be aware of. Most new buyers do not understand the home buying process and may become confused or discouraged from making that important purchase.
Allow a mortgage professional to guild you through this important and sometimes confusing buying process.

Quick Quote or Contact Application for Canadians
OR FILL OUT THE FULL APPLICATION
* Required *or Phone or Email  

First Name :*
Last Name:
Phone Number: *
Email:*
Current First Mortgage If applicable
Current Second Mortgage If applicable
Current Third Mortgage If applicable
Additional Amount Needed
Estimated Value of Home

Comments:

BC first time homebuyers can expect to pay additional expenses when purchasing their home. Most of the expenses in purchasing a home are onetime costs but others are continuing costs.
A down payment of 5 to 10% is usually your largest initial cost for a first time home buyer but you should be aware of additional costs such as:

  • Legal Fees & Disbursements
  • GST and PST (if applicable)
  • Property or Land Transfer Tax
  • Adjustments (reimbursed to the vendor)
  • Interest
  • Property Taxes
  • Utility Payments
  • Strata or Condominium Fees
  • Estoppel certificate fee
  • Survey Fee
  • Home Inspection Fee
  • Water quality and quantity certificate
  • Appraisal Fee
  • Mortgage broker's fee (if applicable)
  • Mortgage Loan Insurance Premium (if less than 25% down)
  • Mortgage Loan Insurance Application Fee (if less than 25% down)
  • Moving Expenses
  • Renovations and repairs
  • Furniture, paint, carpeting, window coverings, etc.
  • Service and Utility Hook-up Fees
  • Property/Condominium Insurance
  • Mortgage Application Fee
  • Deed and/or Mortgage Registration Fee

After the purchase of your home you will have to be prepared for additional expenses that come monthly, quarterly or on a yearly basis. Some such costs include:

  • Mortgage Payment
  • Water and/or Sewer Payments
  • Electricity and Gas Services
  • Cable and Telephone Services
  • Property Taxes
  • Strata or Condo Fees
  • Repair/Maintenance Expenses
  • Homeowner's Insurance


Quick Quote or Contact Application for Canadians
OR FILL OUT THE FULL APPLICATION
* Required *or Phone or Email  

First Name :*
Last Name:
Phone Number: *
Email:*
Current First Mortgage If applicable
Current Second Mortgage If applicable
Current Third Mortgage If applicable
Additional Amount Needed
Estimated Value of Home

Comments:
 
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