Financing A First Home Purchase

Real Estate

As the summer winds down, buyers will get back to considering a home purchase in the Fall.
 
We are asked all of the time about the down payment required to buy a home. There are rules on this, set by the government and the banks and there are also guidelines.
 
While money is inexpensive as interest rates are low, getting a mortgage is not a given. We highly recommend that anyone considering a purchase should talk with a mortgage broker and/or a senior financial advisor at their bank prior to going out to see a home that is for sale.
 
We are very happy to share this recent article from Money Sense magazine as it is a great primer on down payments. Money Sense
 
If you have any other questions, do not hesitate to give us a call. We are your guide to the maze!

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