Guide to BUYING Your Home

             Obtain a Pre-Approved Mortgage

Having a pre-approved mortgage will give you the confidence of knowing exactly what you can spend on a home before you start looking. You will also be protected against interest rate increases while you look for your new home.

Your Mortgage Specialist will answer your questions and help you determine which financing terms and options are right for you. Your Mortgage Specialist and Real Estate Professional work as a team to help you find the right home and select the best financing.

Finalizing Your Mortgage

Once you've found the home you want to purchase, there are some documents you'll probably be asked for in order to finalize your financing. They will include:

• A copy of the real estate listing of the property. If the home is still to be built, the mortgage lender will need to see the architect's or builder's plans and details on lot size and location.
• A copy of the offer to purchase or the building contract, if this document has been prepared.
• Documents to confirm employment, income and source of pre-approval.

If you have a pre-approved mortgage, it's a simple matter of finalizing a few details which your Mortgage Specialist will explain to you.

Return to: Guide to BUYING Your Home

Joe Anne has answers to a lot of your questions and more professional tips to make your real estate transaction more pleasurable. Call or e-mail Joe Anne or click on "Ask Your Own Questions." Joe Anne can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like her to help you locate a home, please fill out her Information Request Form. Surfing the Real Estate Board's web site or MLS.CA and found a house that you like but doesn't give you the civic address. Joe Anne can also help. Just fill out her Would like an address form, please ! Or perhaps you are considering selling your home in the near future, her can also offer you a Free No-Obligation Market Evaluation Form.