Buying or Renovating a Home
Buying your first house or condo, renovating your current home, or upgrading to a larger home is exciting!
Purchasing a home, whether it's a house, townhouse or apartment, is likely to be the biggest financial commitment you will make in your life – and yet many people are unprepared for the legal, monetary and emotional challenges of home-buying.
Getting Started
Buying a residential property requires commitment, discipline and planning. Don't rush in – it is a choice that is likely to affect your life for years or even decades.
Other questions you need to ask yourself:
How much?
That's the BIG question - how much can you afford? Come to your branch and talk to a financial advisor to discuss budgets and calculate the deposit and repayments you can afford.
What?
Do you want a freestanding home or townhouse in town, or a hobby farm/ranch out in the country?
Where?
Is there an area you prefer? Is there a potential growth hot spot? Are you looking for a view or acreage?
Check out
the Multiple Listing Service to help you with your research.
When?
Have you saved a deposit yet? When will the market be in your favour? We would be pleased to meet with you to help you consider your options and work out what you can afford to spend on your dream home. The credit union also provides pre-approvals to prospective purchasers to help you negotiate your best real estate offer with confidence.
Why go to a Credit Union for your Mortgage?
Williams Lake and District Credit Union offers a full range of residential mortgages including:
- Fixed interest rates for terms up to 7 years
- Variable floating interest rates including open, no penalty and locked-in options
- Flexible terms and convenient repayment schedules
Credit union members can expect very
competitive borrowing rates. In addition to providing a range of home
mortgage options, we will help you set a budget and make sure the loan repayments are right for your circumstances.
Pre-approved Mortgages
Arrangements can be made before you make an offer to purchase or contract for a renovation. This allows you to clearly understand what you can afford to spend, provides leverage during negotiations, and gives you peace of mind. The pre-approval is for a specific period of time.
For more details, please contact your nearest Williams Lake and District Credit Union branch.
Check out the House Buying Checklist at The Home Buyers Information Centre