First Time Buyers with Natalie Mitchell and today’s guest Wendy Goodsir covers the insider advice and knowledge in buying your first home. How do down payments, income level, and mortgages tie into the preapproval process? By the end of this episode, you will be ready for a confident first home purchase!
First Time Buyers with Natalie Mitchell and today’s guest Wendy Goodsir covers the insider advice and knowledge in buying your first home. How do down payments, income level, and mortgages tie into the preapproval process? By the end of this episode, you will be ready for a confident first home purchase!
How is COVID-19 affecting the house market? And income? And how have things evolved through this pandemic in the market? These are questions we are all likely asking during these unprecedented times in the marketplace. Being an hourly vs. salaried employee plays into this, alongside looking at the past two years of income in evaluating gaps COVID-19 may have caused.
The natural first step in the home buying process is mortgage preapproval. There are two definitions must look at here: prequalifying and preapproval. Closing costs also come into factor in evaluating your approval, which can include home inspection, title insurance, fire insurance, and more. This is about 1.5% of your purchase price in Alberta, CA.
“First time buyers are my absolute favourite. There’s nothing more rewarding to me then a first-time buyer gets keys to their first place.”
First time home buyers each tell an individual story. You need to have your own experience through this process, and not to be affected by someone else’s. Advice of mom and dad is appreciated, but rules have changed. Mortgage rules have changed. You do not want to ruin someone’s first-time experience buying a property. That will follow you forever. Natalie and Wendy’s job are to help and protect you through this experience, and they are ready to equip you now.
