Home buying made easy
|Step 1: start the home ownership journey||Buying your first home is likely the biggest financial decision you’ll ever make. Start with a list of your priorities. Consider location, yard size, square footage, and everything else that’s important to you. Figuring out the items you aren’t willing to budge on will help you gain a clear understanding of how to start your search.|
|Step 2: determine your
|Review your finances in detail to get a good sense of what you can afford to spend. Consider extra expenses like property taxes and maintenance costs.|
|Step 3: get pre-approved||Pre-qualifying for your mortgage will arm you with the knowledge and confidence you need to shop for a new home within your budget. This way, you’ll avoid falling in love with a home you can’t afford.|
|Step 4: find a realtor||Realtors are in the business of helping clients buy and sell homes. They’re also a great resource to guide you through the process. Finding a good realtor is as easy as reaching out to friends and family to find out who they’ve had a great experience with.|
|Step 5: make an offer||Once you find the right home, your realtor will guide you through the offer process. Together, you will decide on an initial offer, determine a counter-offer (if necessary), plus add any offer conditions you’d like to include, such as subject to inspection or financing. Once your offer is accepted, you sign on the dotted line.|
|Step 6: finalize the financing||You’re almost there! Set up a final appointment with one of our financial advisors to complete and sign your mortgage documents.|
|Step 7: set up utilities||While you’re waiting to move in, contact all the utility companies to prepare for a smooth transition. From your home’s hydro, gas, cable, and internet, most providers are a quick phone call or email away from getting you connected at your new home.|
|Step 8: insure your home||Now it’s time to protect your new home with home and content insurance. From fire to water damage, you’ll have peace of mind knowing you’re covered in case of an emergency, plus it’s required for most mortgages.|
|Step 9: get packing, it’s time
|You’re about to move into your dream home! Pack up boxes, bubble-wrap your breakables, and get quotes for movers. If this is your first major move, you’ll probably be packing light. An affordable move can be done by renting your own truck and getting friends and family to help on moving day.|
|Step 10: settle into your new home||The boxes are moved, the heavy lifting’s been done, and it’s time to unpack and settle in to your new surroundings. Take a break to meet your neighbours and explore the neighbourhood. It takes time to settle in, so tackle it one room at a time.|
When my husband and I finally saved enough money for a down payment on our home, we were elated. We started looking on MLS and driving through neighbourhoods to find the perfect home. Our realtor took us through six different homes before we found the one — but when our search was over, the uncertainty began. That’s when Diane at Aldergrove Credit Union stepped in. Diane helped ensure our dream of homeownership came true and guided us through the mortgage process every step of the way.
Being pre-approved helps you understand how much you can afford. In addition:
Unexpected expenses can add up when you move. Bigger costs may include:
Talk to one of our financial advisors to learn more.
Use the mortgage calculator to determine how much you can borrow and to estimate your
monthly mortgage payments.