Considerations When Buying a Home
Regardless of where you live in Canada, or the size or type of property you’re looking at, buying a home will often be the single largest purchase you ever make. Of course, if you’re like most people and take out a mortgage, it will likely also lead to the single largest loan you’ll ever have!
Although I can’t provide mortgage services or give advice about mortgage rates and which mortgage lender you should approach, I can provide individual life insurance to cover your mortgage debt. I can also look at your financial picture and help you to see how buying a home fits into your budget.
Lenders will put your finances to the test. They want to feel confident that you will be able to make your regular mortgage payments.
Can you make the monthly payments? Passing your lender’s financial tests