First time Homebuyers

image

What Bank Of Canada's Rate Increase Means To The New Homebuyer

Inflation is expected to be higher than projected in the near-term

While the Bank of Canada has made the rate increase - it will make the mortgages more expensive- but will it make househunting easier? 

Clients are still looking for homes as the rates are still better than pre-pandemic...but supply is still low. 

What will change with this new hike? 

Reach out to me for answers to these questions. 
Milind Jog
www.jogtosuccess.ca
(416) 561-7511
Royal LePage
Royal LePage Credit Valley RE

 


 

image

What is the bare minimum for a down payment?

The amount of money you put down on a house is referred to as a down payment. The down payment is deducted from the purchase price of your house by your lender. The rest of the home's cost is covered by your mortgage.

The amount you'll need for a down payment is determined by the home's purchasing price.

As a first-time homebuyer...I can guide you through the calculations so there are NO surprises or disappointments when househunting.


Contact me to learn more:

Milind Jog
Realtor
Royal LePage Credit Valley
(416) 561-7511
mjogroyallepage@gmail.com

image

HOW MUCH HOME CAN YOU AFFORD

First time home buyers - are you rushing to an online calculator?

With the way real estate is today, simply using online tools may not be enough for first time home buyers to get information on the reality of what they can afford in today's market. 

Things to consider: 

  • Downpayment
  • Budget for Monthly Payments
  • Accounting for other expenses(damage, emergencies, heating or cooling costs during peak seasons) 
  • Closing Costs
  • Home Inspections
  • Property taxes and Welcome Tax
Do you have any questions on the above? if so...reach out to me and I can assist you. 


#firsttimebuyer #realestate #newhome #home #realtor #gta #GTArealestate  #mortgage #firsttimehomebuyer #homesweethome #firsthome #newbuild #royallepage #toronto #househunting #homebuying #property #house #homeowner #realestateagent #homedecor #dreamhome #homeownership #newhouse

Milind Jog
Realtor
Royal LePage Credit Valley
(416) 561-7511
mjogroyallepage@gmail.com