01
Shopping before understanding your financing
A browsing budget is not a borrowing assessment. Start with income, debt, credit and down payment documentation, then understand the limits of a pre-approval.
Your first-home guide
A few things worth knowing before you buy.
You don’t have to learn everything the hard way. These common blind spots deserve a conversation before you make an offer.
02
Treating your maximum approval as your ideal budget
A lender’s calculation is not your household spending plan. Keep room for maintenance, changing costs, savings and the life you want outside homeownership.
03
Forgetting the costs due at closing
Your deposit and down payment are only part of the picture. Ask your lawyer for land transfer taxes, fees and adjustments, and plan for inspections and moving.
04
Waiving conditions without understanding the risk
An unconditional offer can expose you to financing, property-condition or document-review risks. Discuss suitable conditions and the consequences before deciding.
05
Changing your finances before the keys arrive
A new car loan, large credit purchase or employment change can affect financing. Tell your mortgage professional about changes before assuming approval still stands.
06
Assuming “first-time buyer” means the same thing everywhere
The FHSA, Home Buyers’ Plan and land transfer rebates have different tests. Verify each separately rather than counting on incentives you may not qualify for.
Your first home starts with a conversation.
Bring your questions. We’ll start with where you are, not where you think you should be.
Prefer to talk? Call 647-342-1355