Mississauga Condos - Rent to Own Home Financing
Your dream of home ownership can come true. If you're looking for listings of Mississauga condos for rent and are resigned to monthly leasing fees which leave you with no lasting equity, new financing programs are available.
The Bank of Montreal and Genworth Financial are lenders that can provide services related to home financing for new immigrants to Canada. Review the new immigrants home ownership program details and if you qualify, contact us and we'll forward your application to our BMO representative who is knowledgeable about these programs. There's never been a better time to buy a new home. |
Making an Offer
Along with your mortgage agreement, the offer to purchase is one of the most important documents you'll sign. Your lawyer/notary should review any offer or counter-offer you make or receive to ensure your best interests are protected.
What's Included in an Offer?
- Proposed purchase price.
- A list of all items included in the purchase price such as appliances and lighting fixtures.
- Closing date and date of occupancy.
- Financing information: the amount of your deposit, interest rate payable on the deposit, amount of down payment and mortgage.
- Details of the vendor's mortgage if you are assuming it.
- Conditions to the sale.
- Any obligations to be fulfilled by the vendor, including time frames for completion (such as repairs or cleaning out belongings).
- Time period for which the offer is valid.
- Vendor's obligation to provide an up-to-date survey.
- Any real estate commissions.
Hire a Home Inspector
An experienced property inspector is invaluable. Include a satisfactory home inspection, conducted by the inspector of your choice, as a condition of your offer. A knowledgeable inspector can determine whether there are serious defects with the house that might cause you to reconsider your offer.
Applying for a Mortgage
Once your offer to purchase is accepted, make your formal application for a mortgage. You will need to provide your lender with:
- Your financial information, including assets and liabilities, monthly expenses and employment earnings.*
- Evidence of your down payment and income.*
- Site and floor plans and specifications if the house is being built.
- The accepted offer and MLS listing if available.
- Your pre-arranged mortgage certificate if you pre-arranged your mortgage.
*Unless previously provided when you pre-arranged your mortgage.
Port Credit Homes for Sale
Beautiful Port Credit homes for sale is a rare commodity and you should be aware of the opportunity to buy in Port Credit. Its exclusive location on the shores of Lake Ontario and its excellent quality housing stock make it prime real estate for living and for investment. If you're interested in Port Credit homes, send an email to Damir. When opportunities come available, he can contact you.
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