TYPES OF LOANS
REPEAT BUYERS
Platform
MOVING AGAIN?
Repeat buyers have their own unique challenges in the home buying process. For some, it may have been several years since going through the real-estate process and the thought is daunting. For others, it’s about moving closer to family, work or simply realizing they need more space.
A conversation regarding a potential move is exciting for a homeowner. Any potential mortgage specialist you choose to work with should have an open and in-depth discussion on the above areas to create an efficient timeline that’s convenient for you.
The guidelines in which people qualify for a mortgage have and continue to drastically change over the last few years. Protect yourself and have a conversation to ensure you’re looking in the right price range.
DON'T FORGET TO ASK YOURSELF:
Do I need to sell my current property or can I keep it as an investment property?
Is my home ready to list on the market? If not, what work needs to be done?
What can I sell my home for?
Is my mortgage portable?
If I don’t port my mortgage, what penalties could I be looking at?
What purchase price amount can I get as a pre-approval?