Purchasing a home is one of the most important decisions of your life
. It is vital to make sure that you and your family is ready for this huge financial responsibility. For many families the crash of the housing market has made home ownership more affordable than ever before, and it is giving them the opportunity to do something that may have never been possible before the economic meltdown.
The first step in buying a new home is to get prequalified for a mortgage. You need to visit a mortgage broker (or two) to get an idea of what you can afford and what size mortgage you will be approved for and at what rate. It is important to find the best rate quote possible, the difference in one percentage point can mean tens of thousands of dollars in interest payments over the life of a thirty year mortgage!
After being approved for a mortgage it is time to visit a real estate broker. In Edmonton an agent will be able to help you find your dream home when you tell him what it is you are looking for. You must decide what is important to you and your family and what you may be willing to sacrifice when purchasing a home, no house is perfect!
Your mortgage broker Edmonton will then make a short list of potential homes for you and then you will have the opportunity to walk through each one to help decide which home is best for your family.
When selecting a mortgage broker Edmonton has many to choose from. It is important to speak with more than one firm because some may be able to offer you better rates than others. You must also watch out for hidden upfront fees. There will always be some fees when purchasing a home, but it is essential to find a mortgage broker Edmonton that keeps them as low as they can. Remember, they are competing with each other for your business so don't be afraid to negotiate!!! Best of luck with your new home purchase!!