Save Thousands On Your Home Purchase
Transcribed from the Michal Sluka / Michael Huber YouTube Video – see below for written, condensed version.
1) Hire a Professional Realtor
Will advise you on pricing and value in your desired area
Compare your purchase with comparable recent purchases on the MLS system, ensuring you will not overpay.
2) Hire A Professional Mortgage Broker
Seek out all available options in the lending world
Find mortgage financing that fits your income and life situation perfectly
3) Home Inspection
Ensure you understand the physical state of the property you are purchasing
Use the report to re-negotiate purchase price if you find deficiencies that will immediately cost you money.
4) Mortgage Pre-Approval
After analyzing your finance situation, your mortgage broker will be able to provide you with a pre-approval/interest rate hold
Use this mortgage pre-approval document when you make an offer to purchase to improve your negotiating position, showing the seller that you are prepared financially to buy the home.
Bank account statement showing deposit of funds into purchaser’s bank account
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One of my hobbies is blogging about mortgages, debt and government policy. During the day I’m a MORTGAGE BROKER in Kelowna, BC!
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Learn more by reading this informative article from The Balance.