Buying a House, Let's Prepare for It!

💰 1. Savings: The Often-Neglected Foundation

When we think "buying a house," we think "down payment." And it’s true: without a down payment, no mortgage. But what few people know is that you can start saving long before you know what you want to buy. And you can do it without breaking the bank.

👉 Why start now?

1. Because the habit is more important than the amount. Setting aside $50 every week is more powerful than waiting for a miracle.

2. Because savings create freedom. The more prepared you are, the more choices you have and the less dependent you are on bank conditions.

3. Because tools like the FHSA or the RRSP Home Buyers' Plan can give you tax advantages if you use them in time.

❗️But beware: letting your money sit idle is not a strategy. To truly grow your capital, you also need to think about investing it wisely. And the good news is, I’m here to show you how—for free!

Practical tip: set up an automatic transfer, even a small one. You won’t even notice it, but your future self will thank you.

📊 2. Your Credit: Not Just a Score, a Strategy

Many think credit is just a "score." In reality, it’s a reflection of your relationship with money. And this score is something financial institutions look at very closely when you apply for a mortgage.

👉 How to build a good credit profile?

Keep your balances below 35% of your available limit. Make your payments on time, always. Avoid opening too many accounts or applying for too much credit in a short period.

😇 A good credit profile can make the difference between a denied loan and an easy pre-approval… or between a high rate and a favorable one.

Did you know? Bad credit can force you to make a larger down payment or deal with private lenders.

🧱 3. The Mortgage Is the End… Not the Beginning

The mortgage isn’t the starting point of your project. It’s the conclusion of a well-thought-out journey. Before going to the bank or a broker, ask yourself these questions:

1. Do I have a clear and realistic savings strategy?

2. Does my credit make me reliable in the eyes of a lender?

3. Do I have a good idea of my monthly repayment capacity? And most importantly… have I taken the time to educate myself?

💡 You Don’t Have to Do This Alone

As a financial security advisor, my role is to educate you, not sell you a dream. I work hand in hand with experts like Kristina Lacerte-Carboni, a mortgage broker, to help you see clearly and move forward realistically on all the important aspects.

✅ In Summary:

• Buying a house is something you prepare for long before shopping.

• Savings and credit are two essential pillars.

• The earlier you educate yourself, the more possible your project becomes… and the less stressful it gets.

📩 Want to learn more or ask questions without pressure? I offer a free meeting, simply to enlighten you. Because in the real estate world, information is a form of power. And I’m here to share it with you.