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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 […]
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

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 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 […]