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Ottawa Mortgage Broker - Chase Belair
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Ottawa Mortgage Broker - Chase Belair's posts

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Home-buying can be very intimidating, it helps to know the process:

While this post is geared towards first time home-buyers, the information within is relevant for any and all potential and current home-buyers.

1. Get pre-qualified by your bank and/or a mortgage broker to determine maximum affordability and address any potential issues. This step may also include a rate-hold to protect you in the event that mortgage rates rise during your home-search.

2. View listings online(realtor.ca is my favourite resource), and those provided by your realtor to determine which ones you wish to go see. This process can take anywhere from a day or two, to up to many months. (Don't hesitate to ask me who my favourite Ottawa realtors are!)

3. Once you find the perfect home, you can put in an offer. In most cases, your realtor will include a clause within the offer for: Financing, Inspection and anything else your realtor may recommend. This clause provides you with 5-10 days(you can choose the exact timeline) to make all necessary arrangements with regards to your mortgage, a home inspector, etc. It's important to know that there is still no cost or obligation involved at this point, you can back out of the offer at anytime during this period and your deposit will be returned to you(important to note that it can take up to 4 weeks to get your deposit back).

4. Once your offer is accepted, your realtor will forward me a copy so that I can obtain a full approval. A formal approval often has better rates and terms than a pre-approval.

5. Once all arrangements have been made to your satisfaction, you may then "firm up" on your offer to Purchase. Once you "firm up" by waiving your conditions, you may no longer back out of the transaction and there is now a cost and obligation to proceed.

6. From here, while you await your scheduled closing date, your lawyer and myself will be doing all of the work behind the scenes so you can focus on the important things.


Three main perks of being a First Time Home Buyer:

1. Home Buyers RSP Plan - Here's a really great video produced by RateHub that walks you through how it works. Buying your first home is the only opportunity that you will have to take advantage of this program.

Take a peak and don't hesitate to ask me any questions: https://www.youtube.com/watch?v=f5iz26AflGI

2. Land Transfer Tax Refund - $4,000 off the Land Transfer Tax that would be payable on your closing date through your lawyer.

3. First-time Home Buyers' Tax Credit - Claim up to $5000 for a maximum refund of $750 while filing your income tax for the tax year that you first purchased in.

By Chase Belair, Mortgage Agent, Licence #M11001814
www.chasebelair.com

Independently Owned & Operated as Brokerage #12236

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You worked selflessly hard for our country for 32 years. You earned this moment, Dad. #myhero, David Belair w/ Prime Minister Trudeau
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2016-09-19
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Wow, thank you too much Ottawa! Tentative appointment with the Prime Minister Trudeau next week!
#ottawa   #ottnews   #mortgagebrokerottawa   #mortgageottawa  

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Our own Christina Horvath has some great advice for your mortgage: don't renew - renegotiate!

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Our own Gurcharan Singh reminds us to be aware of allowable sources of down payments,

For any and all of your mortgage questions and needs, don't hesitate to call Ottawa Mortgage Broker - Chase Belair!

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We set up a camera to try and find out why the door was always unlocked when we got home with nothing missing..Until the dog went missing

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I'll get over 50 Lenders competing for your mortgage. The best rates, for free. Call Ottawa's Mortgage Broker, Chase.

www.chasebelair.com
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As a Dominion Lending Centres mortgage agent, I'm proud to announce that I'm part of the OFFICIAL sponsorship of our very own Ottawa 67's!

As part of this sponsorship package, it's my pleasure to offer you a chance to win FREE mortgage payments for five years! If you meet with me between November 1st, 2013 and February 28th, 2014, you'll be automatically placed into this draw! In addition to your chance to win the FREE mortgage payments for five years, four semi-finalists will each win an iPad. The finalist will take home an iPad AND an HDTV.

Furthermore, if you close a mortgage transaction with me between October 1st, 2013 and March 7th, 2014, you'll automatically receive a family four-pack voucher for an Ottawa 67's game of your choice during the 2013/14 OHL season!

With access to over 50 lenders, including TD, ScotiaBank, Street Capital, MCAP and more, you have one place to go to for the best rates and terms. No matter how complicated your situation, I do all the hard negotiation for you, so you can sit back and relax while I find you the best deal. 

I look forward to speaking with you!

www.chasebelair.com

#ottawa67s  #ottawa #mortgage
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