PURCHASE

Dominion Lending Centres, we want to make each and every purchaser aware of the many mortgage options available to them prior to their purchase and closing date.

Now, more than ever, financial institutions are regularly launching new products and programs, making it easier to get into that new home sooner. Today, interest-only loans, self-employment programs, rental purchase programs, vacation property programs, and a host of other innovative financing alternatives are dotting the home purchase landscape, making homeownership a reality for more people than ever.

Home Buying Steps:

  • Step 1: Complete a mortgage pre-approval to find out how much you qualify for.  Lock in a rate for up to 90 days (optional).  Also, complete budget to factor in all costs of owning a home. 

  • Step 2: Start your home search with a qualified Realtor (it’s free) and make an offer when ready. 

  • Step 3: Submit full mortgage application along with all documents required once an offer has been accepted. 

  • Step 4: Book Home Inspection appointment for later in the week, if applicable.

  • Step 5: Find a lawyer.

  • Step 6: Once your mortgage is approved, complete all outstanding conditions before the financing condition date.

  • Step 7: Contact a home insurance company to add home insurance to your new home.  Tip: combining home & auto may qualify you for discounts.  

  • Step 8: Order moving trucks and schedule utility hook-ups. 

  • Step 9: Fill out change of address forms for all mail, subscriptions, and bills.

  • Step 10: Once your mortgage is final approved, sign the title and legal documents and pay any remaining down payment and/or fees with your lawyer.

  • Step 11: Pack up house.  Coordinate with your movers on the moving logistics.

  • Step 12: Pick up keys on the move-in day from your realtor or builder and move in! 

 

Whether you are a first-time buyer or an experienced buyer with excellent credit, Dominion Lending Centres have access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!

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Belmead Professional Building | #219, 8944-182 Street, Edmonton, AB T5T 2E3

780.288.7399