So, you are planning to sell your 1st Home and Buy your 2nd home or planning to buy real estate for Investment. It is all possible to maintain till your income is coming in. You need to protect yourself and your income properly before you take this step, as this involves large financial commitment.
Search Local Listings
Search Local Listings by visiting my Real Estate website i.e. GetMyHome.Ca. There is lot of important information you can go through on this website. Always remember, buying such a large investment is an important decision of your life. Throughout the whole process you shall have proper representation of a qualified Realtor & Lawyer to guide you through the whole process and protect your interest. If you already do not have an agent, I will be happy to help you get your dream home. I assure you exceptional customer service and professionalism. Ask for a copy of my Buyer Representation Program.
Mortgage Life Insurance
Don't be fooled by the insurance offered by banks. Often you can have more control and obtain better prices by buying life insurance privately. Click here to understand key differences between Bank Mortgage Insurance & Private Insurance.
Disability Income/Critical Illness Insurance
There's a lot to bear in mind as a homeowner, such as your expected ability to pay your bills and remain in good health. Even if you have some emergency funds in the bank, how well could you live if you suddenly weren't able to work for months, or even years? Remember, for these reasons, everyone who works and earns a living should consider purchasing Disability insurance. Another type of insurance to consider is Critical Illness insurance, which can provide a lump sum payment to help pay your mortgage and other bills and keep your finances healthy if you experience and need to recover from a life-altering illness.
Mortgage Planning:
Most people believe their home is something completely separate from the rest of their financial planning. It's this sacred cow that's over in the green grass munching away while everything else in their financial life is trying to figure out how to grow without the food it needs. The sooner people realize that EVERYTHING they do is an investment decision, the better off they will be. The implication of your decision is not simply what you obtain by your action but what opportunity you give up.
Mortgage Planning is a combination of series of strategies which focus towards getting your mortgage paid our years earlier. Click here to download your complete report.
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