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What our agents can do for you.....

There are many good reasons to work with a qualified real estate professional — especially a trained professional who has combined 20 years of real estate experience.

  • Provide you with the highest standard of care and extreme loyalty to you as the client.
  • Understand your specific needs and wants, and locate appropriate properties.
  • Assist you in determining how much you can afford.
  • Help you get pre-approved for your mortgage.
  • Preview and/or accompany you in viewing properties.

Contact Us

Address:

Real Estate Hut Realty Inc., Brokerage
7895 Tranmere Dr., Suite 206 Mississauga ON, L5S 1V9

  • Buyer Guide
  • Mortgages
  • Get started
  1. Ownership Cost
  2. Making an Offer
  3. Closing

HOMEBUYERS' ROAD MAP

Navigating with a REALTOR®

YOUR REALTOR® CAN HELP YOU REALTORS® are experienced in everything you need to know and do when buying a home. Navigate the home buying process and paperwork from start to finish...

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ASSESS FINANCIAL READINESS

Assess your present household budget and your annual income to determine if you are eligible for a mortgage and how much you can comfortably afford. Also check out the Mortgage Affordability Calculator...

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CONSIDER MORTGAGE OPTIONS

A mortgage is a loan, generally used to buy a property. How much you pay depends on how much you borrow (the principal), the loan’s interest rate, and how long you take to pay it back (the amortization period)...

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MORTGAGE DEFAULT INSURANCE

When you buy a home with less than a 20% down payment, the mortgage needs to be insured against default. This type of insurance protects the mortgage lender in case you are not able to make your mortgage payments. It does not protect you...

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RESEARCH GOVERNMENT PROGRAMS

The federal government has assistance programs to help homebuyers. Research government program requirements to see if you are eligible. A $5,000 non-refundable income tax credit on a qualifying home. The credit provides up to $750 in tax relief...

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FINDING A HOME

Finding your perfect home can be a long process. Your REALTOR® will help identify the right type of home for you and continually research new listings in neighbourhoods that meet your needs...

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MAKING AN OFFER

After seeing many different homes, you have finally found one worthy of an offer! What are the next steps? An offer is a formal, legal agreement to purchase a home and is legally binding once accepted by the seller...

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CLOSING AND RELATED COSTS

Closing costs are the legal, administrative and disbursement fees associated with buying a home. Understanding these fees will help you budget more accurately. Remember these are additional costs over and above the price of the home...

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Down payment

Generally speaking, the larger a down payment you’re able to make, the better, because that means you’ll have to borrow less. But you also don’t want to leave yourself so cash-poor you can’t cover all of the other costs that come with closing a sale.

The minimum amount you can put down is 5% of the purchase price, assuming that you have made an offer to purchase and all conditions have been met. For example, a $300,000 property would require a minimum down payment of 5%: $15,000; however, if your down payment is less than 20%, which is the case for many first-time homebuyers, you will also need mortgage loan insurance.

Ownership Cost