News from Canada's Mortgage Experts
Category: Buying a Home
Mortgages 101 - Tips for First Time Home Buyers
Monday, Aug. 29, 2011
Posted by: Nick Ametrano, Vice President
As a first time home buyer looking to purchase a home, you first must know how much you can afford. In order to determine this, make sure you have a list of the following:
How much cash or liquid assets do you have of your own?
Will you be obtaining a gift for the down payment?
What is your gross family income?
Do you have any other debt?
Next in this series of tips aimed at helping first time home buyers I will look at Step #2 - Making a list of the features you would like in your home.
Again, if you have any questions or would like further detail feel free to email me your questions.
