Found 6 blog entries tagged as mortgage broker.

Welcome, future homeowners! Embarking on the journey of purchasing your first home is both thrilling and overwhelming. At RE/MAX Infinity, we understand the importance of finding the right home at the right price. In this article, we'll provide you with insightful and accurate tips that are not only informative but also enjoyable. So, let's dive in and discover how you can ensure you're getting a fair deal as a first-time homebuyer.

Develop Your Market Awareness

To become a savvy homebuyer, it's crucial to familiarize yourself with the local real estate market. Begin by researching the average prices of homes in your desired area. Pay attention to any fluctuations or properties that linger on the market for an extended period. This knowledge…

274 Views, 0 Comments

Read Full Post

Buying your first home is a major life milestone and possibly one of the biggest decisions you’ll ever make, both from a financial and long-term commitment perspective. And while being ready for every possible outcome isn’t possible (not to mention unrealistic!) it is possible to prepare for potential pitfalls you may run into during the home buying process. From identifying and making the most out of saving opportunities, to explaining how working outside of your budget will cost you in the long run, here are some common pitfalls first-time buyers tend to experience, and how two REALTORS® recommend avoiding them. 

Image via: Photo by Green Chameleon on Unsplash

1. Attempting to manage without professional assistance 

For Regan O’Rourke, a…

446 Views, 0 Comments

Read Full Post

Difference between banks versus mortgage brokers

When looking for a good mortgage rate, there are two main options: going directly through a bank or working with a mortgage broker. Each can be a good option, depending on your financial situation. So how do you decide which one to try? Let’s look at the difference between banks versus mortgage brokers, their pros and cons, and how to figure out which is best for you.

The Difference Between Banks Versus Mortgage Brokers

The big difference between a bank and a mortgage broker is that a mortgage broker can provide you with mortgage products from several different lenders, while a bank can only give you the mortgage option from their own company. Mortgage brokers have access to a variety of lenders and rates, which means…

409 Views, 0 Comments

Read Full Post

How do mortgage brokers get paid

When purchasing a home, one of the first steps is finding out just how much mortgage you can afford. The mortgage amount is determined on several factors, such as how much debt you carry, what your income level and if you pass the mortgage stress test. Prospective buyers often consult with a number of lenders to find the best mortgage rate available. This is where mortgage brokers come in. There are many benefits of using the services of a mortgage broker, including that the buyer doesn’t receive a bill for this service. So, how do mortgage brokers get paid?

What is a Mortgage Broker?

A mortgage broker is an intermediary who links borrowers to potential lenders to assist the borrowers in obtaining the best possible…

328 Views, 0 Comments

Read Full Post

Buying the perfect home is not as simple as it can look on TV. Buyers and sellers must first navigate the offer process, which can involve many steps and quick decisions. Here’s what first-time buyers and sellers can expect, and how your REALTOR® can help guide you throughout.

1) What must happen before you can make an offer?

Many renters think they can move on a house right away. But first, there are some things to take care of, says Katia Samson, a REALTOR® with RE/MAX L’ESPACE in Montreal.

“It’s very important to give your landlord notice three months before the end of the lease, because leases are usually renewed automatically every year,” explains Samson. 

Next, get pre-approved for your mortgage unless you’re paying cash, she adds. 

…

385 Views, 0 Comments

Read Full Post