HOMEBUYERS' ROAD MAP

Navigating with a REALTOR®

YOUR REALTOR® CAN HELP YOU
REALTORS® are experienced in everything you need to know and do when buying a home. Navigate the home buying process and paperwork from start to finish...

ASSESS FINANCIAL READINESS

Assess your present household budget and your annual income to determine if you are eligible for a mortgage and how much you can comfortably afford. Also check out the Mortgage Affordability Calculator...

CONSIDER MORTGAGE OPTIONS

A mortgage is a loan, generally used to buy a property. How much you pay depends on how much you borrow (the principal), the loan’s interest rate, and how long you take to pay it back (the amortization period)...

MORTGAGE DEFAULT INSURANCE

When you buy a home with less than a 20% down payment, the mortgage needs to be insured against default. This type of insurance protects the mortgage lender in case you are not able to make your mortgage payments. It does not protect you...

RESEARCH GOVERNMENT PROGRAMS

The federal government has assistance programs to help homebuyers. Research government program requirements to see if you are eligible. A $5,000 non-refundable income tax credit on a qualifying home. The credit provides up to $750 in tax relief...

FINDING A HOME

Finding your perfect home can be a long process. Your REALTOR® will help identify the right type of home for you and continually research new listings in neighbourhoods that meet your needs...

MAKING AN OFFER

After seeing many different homes, you have finally found one worthy of an offer! What are the next steps? An offer is a formal, legal agreement to purchase a home and is legally binding once accepted by the seller...

CLOSING AND RELATED COSTS

Closing costs are the legal, administrative and disbursement fees associated with buying a home. Understanding these fees will help you budget more accurately. Remember these are additional costs over and above the price of the home...

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA

HOMEBUYERS' ROAD MAP

01

Navigating with a REALTOR®

YOUR REALTOR® CAN HELP YOU

  • REALTORS® are experienced in everything you need to know and do when buying a home.
  • Navigate the home buying process and paperwork from start to finish...

02

ASSESS FINANCIAL READINESS

Assess your present household budget and your annual income to determine if you are eligible for a mortgage and how much you can comfortably afford. Also check out the Mortgage Affordability Calculator...

03

CONSIDER MORTGAGE OPTIONS

A mortgage is a loan, generally used to buy a property. How much you pay depends on how much you borrow (the principal), the loan’s interest rate, and how long you take to pay it back (the amortization period)...

04

MORTGAGE DEFAULT INSURANCE

When you buy a home with less than a 20% down payment, the mortgage needs to be insured against default. This type of insurance protects the mortgage lender in case you are not able to make your mortgage payments. It does not protect you...

05

RESEARCH GOVERNMENT PROGRAMS

The federal government has assistance programs to help homebuyers. Research government program requirements to see if you are eligible. A $5,000 non-refundable income tax credit on a qualifying home. The credit provides up to $750 in tax relief...

06

FINDING A
HOME

Finding your perfect home can be a long process. Your REALTOR® will help identify the right type of home for you and continually research new listings in neighbourhoods that meet your needs...

07

MAKING AN OFFER

After seeing many different homes, you have finally found one worthy of an offer! What are the next steps? An offer is a formal, legal agreement to purchase a home and is legally binding once accepted by the seller...

08

CLOSING AND RELATED COSTS

Closing costs are the legal, administrative and disbursement fees associated with buying a home. Understanding these fees will help you budget more accurately. Remember these are additional costs over and above the price of the home...

What a DALE MUNDI agent does for you

Down payment

Ownership Cost