Everything You Need to Know Before You Buy a House

Purchasing a home is one of the most significant decisions you’ll ever make. Your house sets the foundation for which you live your life. It’s where you live, where you share your life with loved ones, it’s your home. For those reasons, and so, so many more, you should always do the proper research and ensure you are absolutely prepared to purchase a house, move into it, and live there.

HOMEOWNER INFORMATION PACKAGE

At Townwood Homes, we want to ensure that your experience purchasing, moving into, and living in your new home is as positive as possible. Click here to review the Homeowner Information Package from Tarion. This package is the complete guide to your new home.

Insurance Options

Your new home is an investment. And with any significant and valuable investment, insurance is a top priority. Home insurance is an important factor, especially since there are several different kinds to consider. These include:

  • Homeowner insurance
  • Mortgage loan insurance
  • Mortgage, life, and health insurance
  • Title insurance

These different types of insurance policies will help ensure the protection of your assets and financial well-being. They cover the home you live in, contents inside the home and around the property, protect against payment default, protect you and your family in the event of a disability by ensuring your regular mortgage payments are made if you become disabled, and paying off your mortgage in the event of death.

Arranging Your Mortgage

There is so much to consider when you’ve decided to buy a new home. Hiring a mortgage specialist can greatly simplify the process. They can help you answer some of the toughest questions, for example, what locations to look for homes, how much to set aside for a down payment, and how much you can comfortably afford. They will help you figure out where to begin, and then work your way forward from there. They can also help you correctly use your RSP funds to build a down payment, which is a step that most home buyers find quite difficult and overwhelming.

Contact an on-site sales representative today to learn more about specific mortgage solutions designed for you.

Use Our Mortgage Calculator