HOME RATES ABOUT SERVICES VIDEOS BLOG CONTACT ME TEAM
AGENT LICENSE ID
SB 140187
Robert Mogensen Mortgage Consultant, AMP

Robert Mogensen

Mortgage Consultant, AMP


Phone:
Address:
560 - 171 West Esplanade, North Vancouver, British Columbia

BROWSE

PARTNERS

BROWSE

PARTNERS

COMPLETE

THE SURVEY

REFER

A FRIEND

De-Stress the First Time Buyer's Experience

9/4/2014

For first-time homebuyers, the real estate process can be long and confusing. Many feel that once they’ve found a home and been preapproved for a mortgage, that it is smooth sailing until the transaction closes and they get the keys. However, there are a few things that can occur to complicate the process.

Here are some tips to help keep the process as stress-free as possible.

1. Stay on top of paperwork pertaining to the property and to financing. It’s easy for the process to get hung up on a piece of unreturned paperwork. Send back paperwork to your mortgage broker as quickly as possible.

2. Don’t purchase any big ticket items. The time to purchase a new car, furniture, appliances, etc. is after the transaction has closed. Doing it beforehand can raise red flags for the lender.

3. Do what the lender says. That is, don’t pay off any debt or other make changes that could impact a credit profile unless the lender specifically says to do it.

4. Stay current on all existing credit accounts. Even if you're buying a new home, it’s still important to keep paying the rent or mortgage. Not doing so can damage your credit and impact your ability to get a loan.

5. Ask questions. Buying a home can be a confusing process. Reach out to your broker with any questions that you may have. That's what we are here for!

MY LENDERS

TD Bank Scotia Bank Attain Mortgage First National MCAP B2B Bank
Home Trust Merix Equitable Bank Street Capital CMLS Fisgard Capital
ICICI Bank Optimum  RMG Mortgages Bridgewater Marathon Mortgages