Home Purchase Mortgage
Buying a home will probably be the largest and most significant purchase you will make in your lifetime.
At North Power, we navigate you through the entire purchasing process. Whether you’re purchasing your first home or buying your second or third property, North Power makes the approval process simple and convenient.
If this is your first time buying a home take comfort knowing that we will provide you with the right information and sound advice.
Here are the steps to finding your home and getting you the right mortgage:
1. Pre-Approval
You should obtain your mortgage pre-approval, before you start looking for your future home. A mortgage pre-approval is a process that provides you with significant information on your property search:
- The Maximum amount you can afford.
- Monthly mortgage payments based on the purchase price.
- The mortgage rate on your future mortgage.
2. Finding the right real estate professional
Once you have been pre-approved, you will need to work with your relator to find the best matched property for you. If you’re not working with a realtor, we could refer you to our network of realtors who we work with closely.
3. Choosing the right mortgage term and solution
Once you find your property, North Power will work with you to complete your application. With our tailored services and expertise, we will make sure to find you the best suited mortgage product.
4. Choosing the right real estate lawyer
Buying a home also involves the law of real property and you will need a real estate lawyer to help you with the closing of your property. North Power will work closely with your lawyer to make sure that your transaction finalizes smoothly.
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