The CREA Homebuyers’ Road Map was written by your Realtor and the Financial Consumer Agency of Canada is a checklist of items to go through when purchasing a Whistler property including:
Assess Your Financial Readiness: What do lenders require? Have you been pre-approved for a mortgage? Do you know your credit rating? And other tips.
Consider Your Mortgage Options: What type of mortgage is best for you? What mortgage features are best for you? How often can you make your payments? What types of mortgages charges might you have to pay? How much do you need for your down payment?
Do you need Mortgage Default Insurance? (eg CMHC mortgages?)
Research Government Programs: First-Time Home Buyers’ Tax Credit? Home Buyers’ Plan (RRSP withdrawals)? CMHC Green Home Program? Other government programs?
Finding a Home: Where do you want to live? What type of home do you prefer? What are the types of ownership?
Making An Offer on a Home: What is an offer? Do you have your money ready? Do you have up-to-date identification?
Closing and Related Purchase Costs: How much is the Property Transfer Tax? How much are the legal fees? Do I need a Home Inspection? What other costs should I expect