Mortgages
Know your numbers before you start looking.
Start With Your Budget
Knowing what you can comfortably spend makes the whole search easier. I’m not a mortgage broker or a lender, but I work alongside many good ones and I’m happy to introduce you. Here are a few things worth knowing before you begin.
Good to Know
Get pre-approved early
A pre-approval shows you your price range and lets you move quickly when the right home comes along.
Rural and cottage property
Some lenders treat seasonal cottages, water-access properties and homes on private roads differently. Ask about this up front.
Closing costs
Plan for land transfer tax, legal fees, a home inspection, and adjustments for property tax and utilities. Your lawyer can give you the exact figures.
Your down payment
The amount you put down affects your options and your costs. Your lender will explain what applies to you.
Payment Calculator
Estimated monthly payment
$0
Mortgage amount: $0
For general information only. This estimate uses semi-annual compounding, which is common for Canadian fixed-rate mortgages. It does not include mortgage default insurance, property tax, heating or other costs. Please confirm your numbers with your lender or mortgage broker.
Would You Like an Introduction?
I’m glad to put you in touch with local lenders and mortgage brokers I trust.
Get in Touch
Your Lakefield and Area REALTOR®
Judi Coyle, REALTOR®
15 Queen St., Lakefield, ON K0L 2H0
Cell 705-313-4099 · Office 705-651-4444
judi@judicoyle.com
