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Think Outside the Lines

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Dollars & Cents

It’s important to figure out the money details before you start looking.

Here are the major considerations:

PRE-APPROVALS
Getting a Pre-Approval is the first step. I can connect you with an excellent mortgage consultant, so that we know what your purchasing power could be. It won’t cost you a cent, and the rate offered will likely be lower than what your bank will offer.

CREDIT CHECK
Every Pre-Approval includes a credit check. It’s important to know ahead of time what your credit history looks like.

DEPOSIT
When you make an offer to purchase a property, you’ll need a bank draft ready to invest, for approximately 5% of the purchase price. The bigger your deposit, the more impressive your offer will be.

DOWNPAYMENT
In Canada, you need to put down at least 20% of the purchase price or the mortgage must be insured. There are several creative ways to enhance your down payment, so let’s have a coffee and talk about the options and figure out which one suits you best.

MAPPING OUT YOUR DREAM SPACE

WHAT WILL YOUR BUDGET BUY?

LAND TRANSFER AT A GLANCE (TORONTO)

WHO'S WORKING FOR YOU?

HELP FOR FIRST TIME BUYERS

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Sage Realty

Sage Real Estate Ltd., Brokerage · 2010 Yonge St. Toronto ON M4S 1Z9 · 416 483 8000

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