The Savvy Bride – Wedding Planning & Tips » My home, your home or our home

My home, your home or our home | The Savvy Bride – Wedding Planning & Tips

Dec 06 2006

My home, your home or our home

Published by Jennifer at 3:56 pm under Weddings in General

(NC)-When considering your living accommodation after you’re married, there’s nothing quite like owning your own home together. It’s not yours or mine; it’s ours, and maybe a place to start a family.

If you are lucky enough to have received money for a down payment as a wedding gift, or one or both of you owns a house or condo you’re considering selling to trade-up to a family home, it’s really worthwhile talking to a mortgage expert before you talk to the real estate agent. Gathering relevant financial information is your first step to home ownership. Before you fall in love with a home, you’ll want to know that your financing has already been arranged, and the following questions have been answered:

. How much can we afford?

. What’s a comfortable mortgage payment for us?

. What are the additional costs?

. How fast do we want to pay down our mortgage?

In fact, many real estate agents may encourage you to get a pre-approval before they begin working with you; and, when you have your mortgage financing arrangements in place it indicates to prospective vendors that you are a serious buyer. It also gives you the security of negotiating a house price that falls comfortably within your budget.

Consider applying for a CIBC Pre-Approved Mortgage Certificate and shop for your first home together with confidence. You get a guaranteed interest rate for 60 days from the date of the pre-approval certificate (or 90 days if you are considering buying a new construction home), plus the lowest CIBC rate that occurs for that mortgage during the guaranteed period – whether the mortgage rates go up or down.

A CIBC advisor can discuss your specific situation and give you all the information you need, or visit www.cibc.com/mortgages for useful mortgage calculators and articles to help you with your research.

Credit: www.newscanada.com