What You Need to Know About First-Time Home Buyer Budgeting
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As a first-time home buyer, you probably already know you’ll need a chunk of cash for a down payment. But lots of other costs can creep up when it’s time to jump into the real estate market, so it’s a good idea to save up for them and be ready for when the time comes to make an offer. Here’s how one first-time home buyer is navigating this exciting time.
Start budgeting early
When Montrealer Kelly Wong decided last summer to buy a two-bedroom condo or small home on her own, she knew she had lots of homework to do, including figuring out what she could afford.
TIP: Using an online tool like our Mortgage Payment Calculator can allow you to see what your mortgage expenses will look like.
Wong also teamed up with Jean-François Gionet,…
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