Ontario Mortgage # 10896
Saskatchewan Mortgage # 311514
Real Estate Council of Alberta Authorized
BC Mortgage # X028126
- Thursday, September 02, 2010  
CanEquity Mortgage and Insurance Canada
Canadian Mortgage and Insurance Rates,
Mortgage and financial calculator, news & quotes.
First Time Mortgages


Printer Friendly Page d'accueil français

The Homebuyers Check-List

  • Check zoning, building regulations and municipal plans for the area. They may affect any plans you may have for additions or renovations.

  • Estimate the resale potential of the house. This is an important consideration, especially if you may need to relocate again soon.

  • Drive through the area and evaluate the level of essential services. Check transportation and shopping facilities. Look at the proximity and types of schools in the area.

  • Carefully examine all aspects of the house's construction, including plumbing, wiring and foundation walls. Bring along an expert if you feel unable to assess these properly. We have seen more and more clients exercising a house inspection company to look at the home in detail. Ask your realtor for the name of a reputable firm. Costs vary but are in the $300. range and the inspection provides a level of comfort which can be well worth the cost.

  • Try to determine what repairs you may be faced with over the coming years. Check the condition of the roof, capacity of electrical services, age of furnace and driveway paving. If you think your space needs may change, look for renovation potential - size of lot, exposure, room layout and so on.

  • Consider all expenditures you may have to make over and above actual purchase cost; repairs, furniture, landscaping, renovations, decorating and moving.

  • Be prepared for unexpected costs such as legal and survey costs, appraisal fees, land transfer tax and be aware of increased monthly costs like water, gas and electricity bills, especially when moving into a larger home.

For Further Information

Any one of our representatives would be more than happy to assist you or answer any questions you may have about purchasing your first home. Contact us anytime and we will reply to your inquiry by telephone or by email as promptly as possible. Our toll free number is 1 (888) 818-4262. You may be required to leave a message. Please note that we usually return calls within the hour or at your suggested time of convenience.


 

 
Apply online using our Secure Mortgage Application
 
Canadian Mortgage Rates
 
When Canadians buy their homes, they'll renew on average four times before the home is completely paid off. Want to see what your balance is at the end of your mortgage's term? Use our Canadian mortgage calculator to find out.
Canadian Mortgage Calculator
CanEquity
 
Have you received your mortgage renewal in the mail? Don't just sign the form and send it back to the lender. Over 70% of mortgage holders do just that, and what is the usual result - a higher mortgage rate and a product that might not be best suited to their needs. Choose CanEquity for the best rate mortgage renewal in Canada.

Mortgage renewal form

Best Rate Renewal Inquiry
CanEquity
 
See how much you can save each month by refinancing? Or raise your home-buying negotiating power with a pre-approval? We just need a little information, we'll let you know how much you can save by refinancing or afford for a new home purchase with our low mortgage rates.

FREE Qualification

FREE Mortgage Qualification Inquiry
CanEquity