We at Everything Financial would like to thank Angela Evennett for sponsoring our Charity Golf Tournament this year. Angela provided several prizes that will be available at the auctions and raffles during this event. Besides a generous person, Angela is also the best realtor in Langley. We highly recommend her services not only for the quality of her work but also for her level of integrity.
“When you choose me as your Langley REALTOR®, I give you my personal guarantee that I will be committed to keeping your best interests as my top priority and performing a job well done from start to finish.” – Angela Evennett
Here are some tips from Angela for First-Time Homebuyers
1. Save More than You Need for a Langley Home
Before you consider purchasing your first Langley home, it is important to save as much money as possible. Saving a little extra money for a down payment means that you might be able to avoid CMHC insurance, also known as mortgage insurance, which is 20% of the property value. Having extra money in the bank will also allow you to live more comfortably, as you will pay less interest in the long run and you will never have to worry about an unexpected bill breaking your monthly budget.
2. Get Professional Advice from a REALTOR®
It is completely natural for first-time homebuyers to have questions that they need answered during the home buying process. Getting professional advice from a REALTOR® or a mortgage broker can not only help you feel more comfortable throughout the process but also help you make the right decisions about your future home.
3. Shop Around in Langley
Just like with buying a car or making any other large purchase decision, it is always a good idea to try out a few different options before buying. Shopping around can be a great way to help you find your dream home without having to settle for an overly expensive price tag.
4. Do Not Over Extend Yourself
Make sure that you are comfortable with the amount of money you will be spending on a mortgage every month. This means that, just because you qualify for a certain amount, you should not only consider homes that are at the top of your budget. Consider looking for homes that are in a lower price range or reconsider buying a home until you know that you can live comfortably on your monthly budget.
5. Get the Best Mortgage Rate
While it may be easy to take out a mortgage with your current bank, it is always a good idea to compare mortgage rates from different lenders and brokers before settling on a mortgage. Comparing mortgage rates can also help you negotiate a better rate in the long run.
If you would like to learn more Langley REALTOR® tips for first-time homebuyers, or if you are thinking about buying or selling a home in the Langley area, please call me at 604-530-0231 or visit my website www.angelaevennett.com