Common Mistakes made by New Homebuyers

Purchasing a home can be the largest investment people will make throughout their lifetime. Therefore it’s best that you plan ahead to ensure you are well informed prior to making such a large purchase or investment.

Listed are a few things Homebuyers tend to miss

  • Ensuring your credit rating is top notch
  • Ensuring funds for a down payment are accessible prior to closing or any surprise fees
  • Setting a budget on what you can afford before/ after the purchase of your home
  • Setting aside a buffer should one of the applicant’s lose their jobs

These are just a few things one must consider when becoming a home owner. Although many seem to think it’s all about getting the best rate in Toronto, when it really IS NOT.  So before committing to the lowest mortgage rate make sure it offers all your needs and wants.

For more information and how to avoid these common mistakes many seem to ignore. Contact Noble Mortgages at 416-241-2227 or email us at info@noblemortgages.ca