Tips for Home Sellers

Selling your home? Here are some tips to help you preparing your house for the Market!

Make sure your house has curb appeal.

  • Remove any debris, trim plants, bushes, and shrubs.
  • Power-wash your driveway, front porch and siding.
  • Consider giving your front door and shutters a new coat of paint.

Keep the inside of your house clean and tidy.

Pre-closing and Closing Checklist for Buyers

Finalizing your mortgage is perhaps the most crucial step in the home-buying process. It’s important to be prepared for pre-closing and closing, so you know what to expect. The lenders here at First Bank Financial Centre have decades of experience and serve as your trusted advisor throughout the entire process. Our goal is to ensure that you feel completely comfortable with each step. Here is what to expect:

Immediately Upon Acceptance of the Final Contract:

Mortgage Pre-Qualifications & Pre-Approvals

As we’ve all been told over and over again, buying a home is one of the biggest purchases you’ll probably ever make. And if the housing market is a seller’s market, there’s a lot of additional things to consider including are you willing to get into a bidding war, are you okay with compromising some items on your wish list, and at the end of the day, can you afford to live the life you’re accustomed to AND purchase this home.

The 411 On Mortgage Closing Costs

If you’re in the process of purchasing or refinancing a home, or even just in the research stage, you’ve probably heard the term ‘closing costs’ more than once. Closing costs are a necessary part of any mortgage loan transaction. However, not everyone knows what they’re comprised of, why they exist, or how they work. Before we dive in, there are a few terms we’ll reference that we’ve defined below:

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Knowing What You Can Afford

You can easily determine how much house you can afford by following a few general guidelines:

Your monthly mortgage payment, including principal, interest, real estate taxes and homeowners insurance, should not be more than 28 percent of your gross monthly income (before taxes). This is your housing expense ratio.

The House Hunt

House hunting can be the most exciting part of the home-buying process. But you must never let those pretty white fences, or beautiful countertops cloud your judgment. It is an investment, after all...and one of the largest you may make in your lifetime.

While viewing a property, write down and keep a look out for the following:

Fees To Be Aware Of When Purchasing A Home

Several one-off expenses are involved in buying and moving into a new home. When you’re thinking about finances, make sure you plan for these:

10 Things That Could Negatively Affect Your Application for Credit

There are several financial activities can change your approval for a mortgage, and some that may even disqualify you. Here are ten things that could negatively affect your application for credit.

Three Steps Prior to Looking for Your First Home

Are you excited to buy your first home?
Here are 3 very helpful steps to take, prior to going down this exciting path:

1. Gather income & asset documents you will need to get preapproved.