Are you planning to buy a home in Mississauga? Whether you're a first-time homebuyer or looking to upgrade, preparing your finances is a crucial step in home-buying. With rising property prices and financial hurdles like student debt, saving for a home can feel challenging. However, there are clear steps you can take now to strengthen your financial position and get mortgage-ready. 1. Request Your Credit Report Your credit report is a crucial factor lenders use to assess your mortgage... [read more]

Getting pre-approved for a mortgage might seem like a logical first step if you are ready to put your renting days behind you or if it’s time to fly the family nest. And it is – but it also comes with an additional consideration that excited first-time buyers can forget: knowing just how much they can afford. You may think, “I know how much I can afford because my mortgage advisor pre-approved me for $625,000.” And that is correct, somewhat. During the pre-approval... [read more]

As a potential new homeowner, it can be overwhelming to figure out if you should stop renting and buy a new home. If you've reached this crossroads, here are five reasons you should consider buying real estate. Home Equity When you are a tenant, your monthly rent payment goes towards the landlord's mortgage and helps them build equity – not you. Home equity is the difference between your home's value and mortgage balance, so the more you pay towards the loan, the more... [read more]

Congratulations on the exciting milestone of obtaining the keys to your new home in Mississauga! As you stand on the threshold of this new chapter, it's essential to navigate your closing day with care. Here's a detailed guide to ensure a seamless transition: 1. Scrutinize Inclusions Listed in Your Agreement Beyond verifying the presence of items like appliances, take note of their condition. Check for any unexpected damages or signs of wear and tear. This proactive approach... [read more]

If one of your short- or long-term goals is to leap into homeownership, you’ll want to be well-informed. A home is likely one of the biggest purchases and investments that you’ll ever make, so it’s best to be armed with the knowledge you need to make a sound decision.   Even if homeownership is a decade away, the insights you begin to collect now will be invaluable come time of purchase. Here are three specific factors that you can be more aware of now:   1.... [read more]