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Home Buying Process

Answer The Question For Finding The Perfect Property

Answer The Question For Finding The Perfect Property 1. Budget & Financing What is your budget for the new home? Have you been pre-approved for a mortgage? If so, what’s your pre-approved loan amount? Are you factoring in additional costs like property taxes, utilities, insurance, and maintenance? 2. Location Do you have a preferred […]
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Guide to Finding Your Ideal Home Location in Fredericton, New Brunswick

First congratulations on your decision to become a homeowner in Fredericton, New Brunswick. As a realtor with expertise in this area, I’m here to help you navigate the process of finding the perfect location for your new home. Below are some key factors to consider when searching for homes in Fredericton: 1. Neighborhood Safety: Safety […]
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Realtor Abhi Menon Cell: +1(506) 721-7893 Email: RealtorAbhi@Outlook.com MenonRealty.ca/ Facebook Instagram X.com Youtube.com Linkedin.com My Blog Address: EXIT Realty Advantage 461 Saint Marys St. Fredericton, NB E3A 8H4
CMHC Mortgage Loan Insurance

Did You Know? If your down payment is under 20% of the purchase price, you will need mortgage insurance on your loan. We will determine the size of this premium and automatically include it in the calculations. Mortgage insurance is only available when the purchase price is below $1,000,000. Source: https://www.cmhc-schl.gc.ca/consumers/home-buying/mortgage-loan-insurance-for-consumers/what-is-mortgage-loan-insurance

Home Buying Process Answer The Question For Finding The Perfect Property Answer The Question For Finding The Perfect Property 1. Budget & Financing What is your budget for the new home? Have you been pre-approved for a mortgage? If so, what’s your pre-approved loan amount? Are you factoring in additional costs like property taxes, utilities, insurance, and maintenance? 2. Location Do you have a preferred […]

Uncategorized @en-ca Guide to Finding Your Ideal Home Location in Fredericton, New Brunswick First congratulations on your decision to become a homeowner in Fredericton, New Brunswick. As a realtor with expertise in this area, I’m here to help you navigate the process of finding the perfect location for your new home. Below are some key factors to consider when searching for homes in Fredericton: 1. Neighborhood Safety: Safety […]

My Social Media Link Realtor Abhi Menon Cell: +1(506) 721-7893 Email: RealtorAbhi@Outlook.com MenonRealty.ca/ Facebook Instagram X.com Youtube.com Linkedin.com My Blog Address: EXIT Realty Advantage 461 Saint Marys St. Fredericton, NB E3A 8H4

CMHC Mortgage Loan Insurance Did You Know? If your down payment is under 20% of the purchase price, you will need mortgage insurance on your loan. We will determine the size of this premium and automatically include it in the calculations. Mortgage insurance is only available when the purchase price is below $1,000,000. Source: https://www.cmhc-schl.gc.ca/consumers/home-buying/mortgage-loan-insurance-for-consumers/what-is-mortgage-loan-insurance

Uncategorized @en-ca 5 Tips for first-time home buyers in fredericton, NB Save for a down payment: save at least 5% to 20% of the purchase price for a down payment. If down paymnet is less than 20%, then you have to pay for cmhc insurance which is bewteen 2% – 4% of the purchase price. Learn about 0% interest borrowing from own rrsp for down payment. […]

Home Buying Expenses Expenses of Home Buying Expenses of Home Buying Downpayment 5% to 20% Land Transfer Tax 1% of purchase price Deposit ~ $5,000 – $10,000 Property Tax 0.5% to 1.9% of purchase price Lawyer Fees + Disbursements ~ $500 – $700 Mortgage Insurance ~ $20 – $50 Home Insurance – ymmv Home Inspection ~ $500 – $700 Moving Expenses – […]

Work Permit Eligibility For Home Buying For Work Permit Holder Eligibility For Home Buying Hold Work Permit ? Yes you are eligible for home purchase * With Some Restrictions Work Permit holder muct have 183 days or more of validity remaining on work permit on the date of purchase They have not purchased more than one residential property. * Non-Canadian individuals who purchase residential property in […]

Study Permit Eligibility For Home Buying For Study Permit Hold Study Permit ? Yes you are eligible for home purchase * With Some Restrictions (Restriction Till Dec 2024) You must be enrolled in an authorized study program at a designated learning institution Filled all required income tax returns for each of the 5 years preceding the year in which the purchase to be made […]

Home Buying Process First Time Home Buying Process First Time Home Buying Process Check Your Eligibility: Talk To A Lawyer Or Realtor Affordability: Talk To A Banker Or Mortgage Broker Downpayment: Save Minimum 5%, Preferably 20%. Mortgage: Get Pre-Approval and Lock 90-120 days Rates Realtor: Hire A Realtor and Visit Potential Houses Offers: Submit Your Offer And Related Documentation Other Traits: Hire Home […]

Credit Credit Thank you everyone who helped me in my realtor course, my career and website designing. My Family CREA NBREA FCNB Fredericton Real Estate Board Exit Realty Advantage Chris Tunner Robert Leger Huy Nguyen Dana Clowater flaticon.com for icons pexels.com for wallpaper Photo by Lonely Boy: https://www.pexels.com/photo/patullo-bridge-on-fraser-river-16419329/ I am sorry if I have not credited you. […]

Why Fredericton Exploring the Thriving Real Estate Market in Fredericton Introduction: Welcome to the beautiful city of Fredericton, where history meets charm and a thriving real estate market awaits. Located in the heart of New Brunswick, Canada, Fredericton offers an idyllic lifestyle combined with a strong economy and a growing population. Whether you’re a first-time homebuyer, an investor, or simply looking for a change of […]

Fredericton Rental Investments Unlocking the Potential: Fredericton Rental Investments Introduction: Are you looking for a rewarding and lucrative investment opportunity? Look no further than Fredericton, a vibrant city in New Brunswick, Canada, with a strong rental market and ample potential for rental investments. Whether you’re a seasoned investor or just starting out, Fredericton offers a range of benefits for those seeking to capitalize on […]