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Important Steps to Take
Before purchasing the home of your dreams,
you will need to take the following steps:
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Step 1: Define your requirements
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Before looking for a home to purchase, you should
clearly identify your housing requirements. It is important for you to
know:
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the neighbourhood in which you would
like to live
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the type of residence you would like
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how much you are prepared to pay. Use our calculator
to find out how much you can afford to pay
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Step 2: Choose your partners
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In order to help you make the best choice, you may have to consult competent, renowned specialists. Find out how to find the right :
In addition, if you are building a new house,
choose your contractor carefully.
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Step 3: Obtain a mortgage loan
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There are several types of mortgage
loans. To choose the loan that is best for you, you should take into
account several factors, such as the downpayment you can make, the amount
of the periodic payments you must make and your need for security or flexibility.
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Step 4: Make an offer to purchase
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You have finally found the home of your dreams,
and it meets your requirements and respects your budget. You can now make
a formal offer to purchase.
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Step 5: Close the sale
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Once your offer to purchase has been accepted,
you can close the sale. Find out from qualified persons what legal and
financial obligations you must fulfil. Then you can take possession of
your new home.
As you go through each of these steps, consult
the experts. They will be able to guide you.
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For further information
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For further informationon the steps to take
when purchasing a home, visite the Canada
Mortgage and Housing Corporation website.
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