Gibi  John

Gibi John


RE/MAX Real Estate Centre Inc., Brokerage *

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Gibi John's blog

First Time Buyer

Buying your first home in Ontario involves several steps. Here's a detailed guide to help you navigate the process:

1. Assess Your Financial Situation

  • Determine Your Budget: Use online calculators to understand how much you can afford based on your income, expenses, and debts.
  • Save for a Down Payment: Aim for at least 5% of the home’s purchase price, though a higher down payment (20% or more) can eliminate the need for mortgage insurance.
  • Check Your Credit Score: Ensure your credit score is in good shape, as it impacts your mortgage rate and approval.
  • Create a Savings Plan: Factor in...
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