There seems to be no end in sight to the rapid rise in real estate prices in Canada. With the continued hyper-trend of homeowners owning multiple properties coupled with the hundreds of thousands of new immigrants calling Canada home each year, the continued rise in Canadian real estate prices is a natural outcome. More than ever, the purchase of a home (be it a first or a fifth) requires detailed knowledge of the complex mortgage industry's lending rules and how to legally maneuver within them so a potential homeowner is able to leap immediately when finding their dream home. This can be accomplished by creating a Home Purchase Plan with a Sleep Easy Financial mortgage strategist.
Like any other plan, a Home Purchase Plan will focus on your homeownership goals, obstacles, opportunities, timelines, and periodic assessments. Specifically, we will:
- Provide insights on mortgage lending programs and rules that can be leveraged in your situation e.g. New to Canada Program; using borrowed down payment; higher mortgage approval amount
- Conduct a gap analysis to see what’s needed to bridge the gap between your present situation and your homeownership goals,
- Create a detailed, actionable plan with weekly, monthly and quarterly targets, and
- Follow-up and provide coaching along each step of the way.
The main objective of our Home Purchase Plan is to achieve your homeownership goals in the shortest period of time. Often this comes down to any one or more of the following three tasks: 1) saving for a down payment, 2) fixing credit blemishes and/or increasing credit scores, and 3) paying off existing debt.
We have a proven track record for delivering Home Purchase Plans that work. Committing to a plan will require a great sacrifice and strong commitment from you to make major life and/or budget changes for the foreseeable future. But in every single instance when our clients followed through with the plan, they were rewarded with the wonderful feeling and sense of relief and security that comes with the pride of homeownership.
After successfully completing a Home Purchase Plan, so many of our new homeowner clients are amazed at just how much faster (in almost all cases, years faster) they were able to purchase their new home than they initially thought imaginable!