Home Buying? Get Pre-Approved & Budget Wisely!
Spring is a competitive time to buy a home! To stay ahead, focus on getting pre-approved and budgeting for additional costs.

 Get Pre-Approved for a Mortgage

  • Pre-approval gives you a clear budget and makes you a stronger buyer.
  • Gather tax returns, pay stubs, and bank statements for your application.
  • Compare mortgage options—fixed vs. variable, different terms, and special programs.

Plan for Extra Home Costs

  • Closing costs (1.5%-4% of the purchase price) include legal fees, land transfer taxes & more.
  • Factor in property taxes, condo fees, and home insurance.
  • Set aside funds for maintenance & unexpected repairs.

Consider Locking in an Interest Rate

  • Rates fluctuate, and even a small increase affects monthly payments.
  • Ask about rate lock options (valid for up to 120 days).
  • Stay updated on Bank of Canada announcements—variable rates are dropping!

Buying a home is exciting, but preparation is key! Take these steps now to make your purchase smooth and stress-free.

Have questions? Let’s find the best mortgage option for you!
Silver Leaf Financial Group Inc. Lic#13415 Suite 204 - 3582 Major Mackenzie Drive W Vaughan, ON L4H 3T6

Sign up with

your email address

to receive news

and updates.

Subscribe
Wednesday, January 3
Fixed VS Variable Rates Understanding Mortgages
Are you considering a fixed or variable rate mortgage in Canada? Let's compare the two options:
Tuesday, January 2
Understanding the Mortgage Application Process
Embarking on your homebuying journey? Familiarizing yourself with the mortgage application process is essential for a smooth experience. Let's break it down into simple steps:
Tuesday, December 26
Why Is Credit Score Important?
A strong credit score is a powerful tool in your financial toolbox. When it comes to securing a mortgage, your credit score can make all the difference. Here's why a good credit score matters:
Made on
Tilda