The Top Four Financially Savvy Steps to Take Before Putting an Offer in On A Home
Posted by Terry Paranych on
When it comes to placing an offer, financial unpreparedness won’t just cost you time and money – it may cost you the home of your dreams. Be ready ahead of time with the help of these four essential steps.
Step 1: Decide on a Down Payment
Chances are, you already know you need to have a down payment ready before putting in an offer. Of course, HOW MUCH you’ll need to put down will depend on the following:
What is the Average Listing Price?
Your down payment amount will vary depending on the style of home you’re interested in. For instance, in Edmonton, the 5% minimum for a single-family home vs. a duplex can differ by thousands of dollars.
Are You Willing to Pay Mortgage Insurance?
Mortgage insurance allows home buyers to…
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