I help buyers and homeowners in Oakville, Burlington, Milton and Halton Hills review the mortgage side of a move, renewal or refinance. A larger purchase deserves a careful review of cash flow as well as the loan amount.
Separate purchase funds from your cash reserve
Before deciding how much to put down, create three buckets: money for the purchase, money for closing expenses, and money you want to keep accessible afterwards. We can discuss the mortgage implications without treating every dollar of savings as available to spend.
A detail to check early
If the property needs work, prepare a separate renovation budget and timeline. Do not assume that a lender will include planned improvements or future value in the initial financing.
Questions to bring to our conversation
- How much cash do you want available after the move?
- Will renovations begin before or after you move in?
- Is the current mortgage ending soon or being changed early?
Choose the next step that fits your plans
Preparing to buy
Understand the review process before your home search.
Explore →Approaching renewal
Compare the current offer with your future plans.
Explore →Considering a change
Review the costs and implications of new borrowing.
Explore →Prepare before we speak
Bring your timeline, your main question and a rough outline of your plans. You do not need to upload financial documents to start. Read the related planning guide and note anything you want me to explain.
Further reading: FCAC: Buying a home. General information; lender requirements and individual circumstances vary.