Purchasing

Purchasing

We will help make buying your next home easy! We have been able to help thousands of home buyers by working with a highly-skilled team of real estate agents and lawyers around the city.

We will keep you informed through home buyer seminars and constant market updates. Our goal is to partner with you in your search for a new property. There are a few things you need to consider in your search for a new home:

  1. The Features:
    • List the features that you would like, and then prioritize them to help you choose from your short-list of properties.
  2. The Neighbourhood
    • As soon as you have a good idea of where you want to live, get to know the area as well as you can.
  3. The Real Estate Agent
    • MorCan Direct can help you get in touch with an agent that will provide you with a list of properties within your price range and that meet your requirements
  4. Getting Pre-Approved
    • Before you start house hunting, consider applying for a pre-approved mortgage. Benefits:
      1. You know your price range
      2. You’ll be a more attractive buyer to the seller, since you already have financing
      3. Your mortgage rate is guaranteed for 120 Days
    • Click here to find out other benefits of getting pre-approved.
  1. How Much Can I Afford?
    • In order to borrow money to finance the purchase of your new home, you will need to determine how a mortgage payment will affect your current budget.
    • Find out how much you can afford, click here.
  2. The Down Payment
    • Your first mortgage decision involved determining what percentage of the purchase price of your home will go toward your down payment. This decision will also determine what type of mortgage you can apply for.
    • Find out more ways your down payment will affect your mortgage, click here.
  3. Mortgage Insurance
    • Mortgage insurance serves to protect against defaults and stimulate the housing market. In Canada, all high ratio mortgages, or those with less than 20% in equity, have to be insured – a cost which is paid for by the borrower. The insurance premium will often be added to the amount of your new mortgage loan. Want to know more about mortgage insurance? Click here.
  4. Mortgage Closing Costs
    • Unfortunately, there are closing costs associated with purchasing a home. Here at MorCan we can offer you sound, unbiased mortgage advice to help minimize these costs. Click here to find out more about what those costs might be and how you can minimize them.
Fill out the form below and we will be in contact with you as soon as we can!