Own Your Life

Whether you are a first home buyer or veteran purchaser, it never hurts to have a refresher of the process. The following simplified steps outline what you should expect during the duration of your purchase of real estate.

Select your mortgage broker √

• Complete the online application
• Create a budget of how much “you” can comfortably afford for your mortgage payment
• Get pre-approved and obtain a rate hold to protect yourself
• Review the process with your broker
• Provide requested documentation for review

Obtain a trusted real estate agent

• If you haven’t already found one (we can help)

Home Shopping

• Take your time and know what you are looking for
• Get your offer accepted

Subject removal stage (most important stage)

   >Financing

• We will give you the go-ahead when this is approved

   >Inspection

• This shows the quality of the home you are buying

   >Appraisal

• This proves the value of the home you are buying
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Time before completion

• Prepare for the move
• Make decision on mortgage or life insurance
• The lender will send the final mortgage instructions to your solicitor

Instruction process

• The solicitor will contact you to arrange a time to sign final docs
• We will provide a trusted solicitor if you need one

Welcome home!

• You are no longer paying someone else’s mortgage!
• You receive the keys to your new home

Make sure to review these steps with your mortgage broker to ensure you are aware of what is going on and are properly prepared. Always have your documents approved by your mortgage broker prior to writing any offers.

Own Your Life,

Jessi Johnson

Vancouver Mortgage Broker

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