Purchasing a home involves both one-time costs, and monthly expenses. The largest one-time cost is the down payment, which typically represents between 5 and 25% of the total price of the property. In addition to the actual purchase price, there are a number of other one-time expenses you might be expected to pay for, which are outlined below.
A pre-approved mortgage protects you against interest rate increases while you look for your new home. Your Royal LePage REALTOR® and your Mortgage Specialist will help you find the right home and select the best financing. Once you’ve found the property you want to purchase, you’ll require the following in order to confirm financing:
- A copy of the real estate listing of the property
- A copy of the offer to purchase, or the
building contract. - Documents to confirm employment, income
and source of pre-approval.
It’s got all the tools you need for searching homes, including a custom-designed app that lets you contact us directly when you see a listing you like. We will set up a Listing Alert search tailored to your preferences to ensure that you’re the first to see new listings as they are posted. Our website also gives you direct, up to the minute access to all TREB listings.
Typical monthly costs incurred with home ownership are mortgage payments, maintenance, insurance, condo fees, property taxes and utilities.
Need help figuring out what you can afford? We have a great network of mortgage professionals who would be glad to help. We have all the tools you need for searching homes, including a custom-designed app that lets you contact us directly when you see a listing you like. We will set up a Listing Alert search tailored to your preferences to ensure that you’re the first to see new listings as they are posted. Our website also gives you direct, up to the minute access to all TREB listings.