The Home Buying Process

Before getting a mortgage or any kind of loan, it is a good idea to check your credit. According to the law, you're allowed to receive one free copy of your credit report per year. You can do this by visiting Annualcreditreport.com. Scores range from approximately 300 to 850; generally, the higher your score, the better loan you'll qualify for. Don't forget to check your report for errors. If there are any, dispute them. It may help your credit score. You can also check your credit score for free at www.creditkarma.com.

Between the down payment, closing costs, and additional fees and expenses, you should have a number in mind for what your price range should be. As qualified Mortgage Brokers and Real Estate Agents, we can calculate these expenses for you and help you understand a price range for your purchase.

Make a list of the things you'll need to have in the house. Ask yourself how many bedrooms and bathrooms you'll need and get an idea of how much space you desire. What other things are essential for you to live comfortably In you new home?  Once you've made a list of your must-have's, consider the kind of neighborhood you want, types of schools in the area, the length of your commute to and from work, and the convenience of local shopping.

As local area experts, we are happy to assist in narrowing down your search and can recommend certain area based on your wants and needs. Www.searchokanaganlistings.ca is updated live with all the new listings and is a great resource to support you in your search. We are just an email or call away if you have any questions or would like to book a showing.

Once we've found the home you want, it is time to make an offer. We can help you make a competitive and fair offer. We consider the condition of the home, as well as comparable sales in the area. Once you've made your offer, don't think it's final. The seller may make a counter-offer to which you can also counter-offer. In the end, all parties will come to an agreement, and the offer will be accepted.

The next step is securing the financing for you purchase. There are a variety of mortgage types and terms available and it is important to discuss all of your options with an experienced and qualified Mortgage Broker. My Property Central has access to hundreds of lenders and will review your options with you, ensuring you get the best rate and financing available for your purchase.

There are few things to consider during this time, and certain costs to take in to account. Be sure you talk to your Real eEstate Agent and Mortgage Broker to understand all the costs that will be involved with the closing so there are no surprises. My Property Central will provide you with a closing cost summary, breaking down any extra expenses so you are prepared.

You've got your mortgage, closed the deal and now it's time to move in! Buying a home doesn't have to be stressful if you're prepared and you know what to do and when to do it. We provide you a list of recommend contacts to help with the transition, as well as a move in check list to make sure nothing gets forgotten during this busy time.