First-Time Homebuyer
First-Time Homebuyer
If you are a first-time homebuyer in the Burlington, Oakville, Milton, or surrounding areas, call the professionals at Grover Mortgage Group for assistance! Our team has also compiled the guide below for helpful pointers and tips so that you can learn how to avoid common mistakes when buying your first home in Ontario.
As a first-time homeowner, here are a few things you can do to be prepared:
Pre-Qualification
Schedule a meeting with a Grover Mortgage Group representative before you start looking for your new home so that we can help you figure out how much you can afford to pay for a home.
Pre-Approval
After knowing how much house you can afford, home sellers will be more receptive to you as a potential buyer if you have been pre-approved. To get pre-approved as a buyer, you will need to apply for a mortgage and you will receive a commitment in writing from your lender. By getting pre-approved, you’ll show the seller that you are a serious buyer for the property. At Grover Mortgage Group, we have more than seven years of experience helping first-time homebuyers acquire pre-approvals for their mortgage.
Make a List of All of Your Needs and Wants
Before you start looking for your first home, you should make two lists. The first list needs to include the items you must have, for example, how many bedrooms you need, how many stories, etc. Your second list should have your wishes, or things you would like to have but don’t need; For example, a swimming pool. As a first-time homebuyer, you probably won’t get everything on your wishlist. But this will help keep you on track for the house you are looking for.
Being a first-time homebuyer can be overwhelming, which is why we recommend you get the assistance of a professional from Grover Mortgage Group to represent you as well as help you along during the process of buying your first home!
