Financing for a home can be hard and complicated but it doesn’t have to be. In an effort to demystify this sometimes complex topic, we asked some local financial experts to give us what they think is most important for all aspects of home financing
Over the next month, we will feature different financial experts answering our big questions.
Meet Angie Labadie! Angie is a home financing adviser with the Bank of Montreal and is so excited about helping Buyers in London with their real estate dreams.
1. What are the most important things prospective buyers need to know before they apply for a mortgage?
You must have minimum 5% down payment such as: savings, investments (RRSP’s), Gift from family,
You must have incoming funds to prove you can pay your mortgage for example: employment, pension, disability income, investment income, or a co-signer
Total monthly payments for the mortgage and other loans and credit cards should not exceed 42% of your monthly income before taxes
2. What is something most people are surprised by?
Apart from your down payment you must also prove that you have saved 1.5% for closing costs (lawyers’ fees)
3. What sets you apart from the rest of the lenders?
Being “Mobile” does allow me to be flexible with my working hours, working evenings and weekends if we are in a timely situation getting things done quickly.
We do offer some unique programs such as: medical professional program, new to Canada, Canadian defence community, 2nd home/rental investment, new construction, “B” lender partner, self-employed program, purchase plus-improvements,
4. What upcoming promotions or products are being offered to customers?
We just introduced our fall offers which include cash bonuses of up to $2500, also we have a special which earns you free banking for a year just by doing a mortgage application.
5. What do you get the most questions about when you sit down with people to discuss financing/mortgage/re-financing?
Which comes first? The home or the financing?
How much can you afford? Getting pre-approved to shop with confidence and Rate guarantee
For more information on buying or selling real estate in London and surrounding areas, please get in touch with YOUR #HomeSweetHome REALTOR®, Krystal Lee Moore, today! Krystal or 519-400-8394.
I am your trusted advisor and resource for all things real estate and I love meeting new people!
YOUR #HomeSweetHome REALTOR®
Krystal Lee Moore, Real Estate Broker
Royal Lepage Royal City Realty, Brokerage,
Independently Owned and Operated
Direct: 519-400-8394
Fax: 519-821-6764
Email: Krystalleemoore@royallepage.ca
*Guelph Tribune Reader’s Choice Best REALTOR® PLATINUM Award 2017 & 2018 & GOLD Award 2016***
I love to earn your referrals and appreciate you trusting me enough to help your friends, family and colleagues!
Why choose Krystal?
A PROUD Member of Royal Lepage, Awesomepreneurs, Buffini & Company Coaching, MoMondays and countless other amazing groups in London and Guelph, I have over 19 years’ experience in Sales and Customer Service, I am motivated, dedicated and consistently go above and beyond to make YOU feel important, valued and appreciated!
Want to know Moore?
www.facebook.com/KrystalMooreRealEstateSales
http://www.facebook.com/LdnOntFirstTimeBuyers
www.facebook.com/GuelphFirstTimeHomeBuyers
twitter: @KrystalLeeMoore
www.KrystalMoore.com
