Whatever your PEI Home or Real Estate needs call Brenda Green and Royal LePage Country Estates to find a property just right for you! Please feel free to peruse all PEI real estate listings by catagory from the drop down menu button below.
Get a copy of your credit report from Equifax.com (or a similar service). Double-check every item listed and if there are any errors or omissions, contact your credit bureau to change them. How's your score? One way to improve your rating is to pay off any outstanding credit card debt.
Now that you have an idea of how much you owe, gather up all of your information on your assets (your current home, investments, stocks, bonds, other properties) and add them up. Hint: it's best when you own more than you owe. There are plenty of calculators online that will help you make sense of the numbers and give you a preliminary idea of the mortgage amount you qualify for.
Meet with a bank or lender. They'll ask you some questions that may point out some things you missed in your initial estimate, like liabilities - or assets you didn't realize you had. Using all this information, they'll give you a rough estimate of how much you can borrow. However, this informal process isn't a guarantee or a pre-approval. It's simply a way to help you gauge the properties you can afford and figure out if you're ready to make this type of financial commitment.
Familiarize yourself with mortgage terms and options by doing your homework. Talk to your REALTOR®, ask friends and family and check out all the websites and articles that have this info about amortization periods, the benefits of fixed or variable rates and more - there are lots of them.
A mortgage is one of the biggest financial commitments you can make, so it pays to shop around. Even if you have an excellent relationship with your bank, there's no harm in exploring the option of obtaining financing from another company.
Many homebuyers have found financing online, whether it's through a mortgage finding service or a bricks-and-mortar institution. You don't have to leave your home to do it, and you can shop 24/7. The downside of doing it online is that lacks a personal touch - you may miss out on an option that you might have come across by talking to someone in person.
If you're pressed for time, a mortgage broker can do your "shopping around" for you, and find the best rate available. Before choosing a broker, make sure he or she isn't affiliated with a specific bank or lending institution.
Getting mortgage pre-approval is similar to pre-qualifying, but the result is an approval from a lender for a specific amount, locked into an interest rate for a period of time (normally 90 to 120 days). So there you have it - the simple steps to get you closer to a mortgage that not only works for you but also gets you into the home of your dreams.
I am a mature individual with many life experiences. I like to put myself in my client's shoes whether your buying a home, investing in property or selling your home. Having lived in Prince Edward Island all my life, I know the area very well, so I can make sure that it will be a right fit for your needs. I pride myself in serving my clients with honesty, professionalism, confidence and will give you my undivided attention to make your buying or selling experience stress free. I welcome the opportunity to serve you in all your real estate needs.
Spoken Languages: English / Anglais
Areas Serviced: Charlottetown, Summerside, Prince County, Queens County, Kings County, Western P. E. I., Cavendish
Specialties: Condominiums, Executive, Commercial, Farms, Rentals, Acreages, Apartment buildings, Hobby Farm, Income, Relocations, First Time Buyers, Cottage, Agricultural, Waterfront, Investment, Co-ops
Special Designations: Sales Associate, Certified Teacher