Hold off on that big purchase

If you want to buy a large purchase such as a car or expensive item such as TV which will involve getting credit, avoid this during your mortgage process. Mortgage companies are far stricter than pre-financial crisis. It may delay a house purchase or prevent it all together.


Consider the bigger picture

you should bare in mind the additional costs of home ownership. It isn’t just your monthly mortgage payment there are utility bills, insurance costs and property tax rates to consider. Also you need to bare in mind the cost of any solicitors fees that you may have to pay.


There are many other things you need to know. Staying in your current employment is a must until any move has been completed. This even applies if you are moving into a job with greater pay rates, mortgage lenders will only look at the fact that you have changed jobs.


For more information on moving home and securing a good mortgage deal call me at 416-859-2564 or visit www.suganthan.ca