| KNOW
WHAT YOU CAN AFFORD: Before deciding to buy a
home, you first need to determine exactly how much you
can afford to spend each month; and what additional
expenditures you might incur.
>
Initial Cost
>
Monthly Costs
THE DOWN PAYMENT:
Very few home buyers have the cash available to buy a
home outright
Using RRSPs to Help:
With the federal governments Home Buyers' Plan you can
use up to $20,000 in RSP savings (40,000 for a couple)
to help finance a down payment on a first home.
Mortgage Basics
Besides the actual type of mortgage you select, there
are other important characteristics of your mortgage
that determine exactly how much you will pay-both
monthly and over the life of your mortgage.
>
Finding that perfect Home
>
Resale vs New
>
Working with Real Estate agent
>The
Offer to Purchase
>
Establish your purchase Price
>
Home
Inspection
>
Possession date |