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Bachman & Associates 360 McMillan Avenue Winnipeg, Manitoba R3L 0N2 (204) 453-7653 |
![]() HELPFUL HINTS FOR HOME BUYERS
Looking for "Insider Tips" when it comes to Buying a home? Tired of finding the perfect home and then finding out that it was "Just Sold". Advances in Internet technology now make it possible to have new listings and photographs sent to you daily by email to help narrow down your search and quickly view new listings. Join the thousands of Winnipegers who take advantage of this service and view, in the convenience of you own home, new listings as they come on to the market. Don't let other home buyers beat you to a property you want! To sign up and start receiving listings go to our Home Search page. There is no obligation and you can cancel at any time. Choosing the Right Realtor
Come and meet our team.
How Much Can You Afford?
Give yourself the edge that you need with a pre-approved mortgage. Already having your financing options in place, knowing your monthly payment and holding your interest rate can take much of the anxiety out of the home buying process so that you may concentrate on finding the perfect home.
Buying a home in the 21st century is more than just an experience; it's a concept with a whole new set of opportunities. At CENTURY 21 Bachman & Associates we now have our own in-house Mortgage Consultant who can provide our clients with the choice of many different lenders and mortgage products with discounts of up to 2.00% off the bank posted rates.
Find out more information on our Connection - Mortgage Services page.
Benefits of Being Pre-Approved for Mortgage Financing
Other benefits of being pre-approved include knowing your maximum purchase amount
that you qualify for. First time buyers are often surprised to find that they can afford to spend more than they originally thought.
In times of rising interest rates, being pre-approved means that your interest rate is locked in and guaranteed for up to 120 days. If rates should go up before you purchase a house you will be protected and benefit from the lower interest rate.
Choosing the Right Mortgage
Today, home buyers have more options for obtaining their mortgage financing.
Contacting a mortgage broker is a great place to start. The mortgage broker is an
independent mortgage specialist that works for the mortgage seeker. They receive a
referral fee from the bank that is ultimately chosen for the home buyer's mortgage.
Therefore, there is no fee to the mortgage seeker. The mortgage broker works to get the client the lowest interest rate. They also make sure that the client obtains the best type of mortgage to suit their needs. They do all this and more, without charging the client! What could be better? The rate discounts. You can expect to receive up to 2% off bank posted rates by obtaining your mortgage pre-approval through a mortgage broker.
What Type of Down Payment Will You Need?
Mortgage Default Insurance
30, 35 and 40 year amortizations are also available through CMHC and Genworth. Insurance premiums are slightly higher for these extended amortizations. Arrange for a Home Inspection Arranging for a home inspection will help you to determine the mechanical and structural stability of your home. The home inspector will be able to outline any repairs that may be needed and what you can reasonably anticipate in the way of costs.
Closing Costs
One Stop Convenience Go here for more information on our Connections program. Another great source of information for buyers is the Manitoba Real Estate Association site. Click below visit their "On The House" Section. RELOCATION | CONNECTIONS | NEWSLETTER | ABOUT US | CONTACT US | HOME PAGE |