How to Save Money as a FIRST TIME Home Buyer

Buying a home will be one of the largest investments you will ever make. It can be a very costly adventure if you are not prepared and know some helpful money saving tips!

1 – Be Prepared. Take some time to look into what money you will need, and know your own financial situation.  Look for ways to save, and most of all be prepared for additional costs.

2 – Understanding a “mortgage”. Oh “mortgages”, a very important and necessary component of buying a home, yet probably the most misunderstood. Be sure to ask questions of various professionals as well as understanding all the lingo.  Know exactly what you are comfortable spending and do not waiver.

3 - Know your costs. We are not just talking about what you will spend monthly on your mortgage. There are a lot of other costs such as deposits, down payment, house inspections, lawyer fees, title insurance, taxes, utility transfer/set up fees, moving costs, insurance, changing locks, small repairs/updates, furniture/appliances, monthly utilities, and paint/decor.

4 – Finding Savings. Although there may be many costs, there are many ways to save money—as a First Time Home Buyer. To receive your copy of “Saving Money as a First Time home buyer” email  jharris@royallepage.ca  with the subject line “Saving Money as a First Time Buyer” and I will send you this free, no obligation PDF guide.  Don’t miss out on an opportunity to save as you make one of the largest investments of your life.  Remember absolutely no obligation—100% free—“Saving Money as a First Time Buyer”.