1. Set a budget you can live with
List take-home pay, existing debt payments and regular living costs. Add property taxes, insurance, strata fees and maintenance. A lender’s maximum and your comfortable monthly budget can be different.
2. Prepare your funds
Keep records showing where your down payment came from. Gifts, asset sales and transfers may need extra documents. Allow separately for the deposit, legal costs, tax and other closing adjustments.
3. Get financing reviewed
Organize the income evidence and ask what is still conditional. A rate hold or pre-approval does not confirm that every property or purchase will be acceptable.
4. Review the property and offer
Work with your realtor and legal professional on conditions, dates and the contract. Tell Amir Fetanat when you are ready to offer so the property and timeline can be assessed.
5. Complete the lender conditions
Respond promptly to document requests. Avoid significant financial changes before funding and ask your lawyer or notary to confirm the cash required to close.
Put the guide to work
Prepare your documentsGeneral educational information. Your lender, legal and tax requirements may differ.