{"id":2180,"date":"2020-06-02T22:12:23","date_gmt":"2020-06-02T22:12:23","guid":{"rendered":"https:\/\/groupeorbis.com\/?p=2180"},"modified":"2024-02-23T10:26:00","modified_gmt":"2024-02-23T10:26:00","slug":"buying-your-first-home-were-here-to-help","status":"publish","type":"post","link":"https:\/\/groupeorbis.com\/en\/buying-your-first-home-were-here-to-help\/","title":{"rendered":"Buying your first home? We&#8217;re here to help"},"content":{"rendered":"<div class=\"row\"  id=\"row-1984022647\">\n\n\t<div id=\"col-657165615\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-657165615 > .col-inner {\n  margin: -290px 0px 0px 0px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n<style>\n#row-1984022647 > .col > .col-inner {\n  padding: 30px 30px 30px 30px;\n}\n<\/style>\n<\/div>\n<div class=\"row\"  id=\"row-280068268\">\n\n\t<div id=\"col-1817975022\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<img loading=\"lazy\" decoding=\"async\" width=\"2560\" height=\"1446\" src=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-27-scaled.jpeg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" srcset=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-27-scaled.jpeg 2560w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-27-300x169.jpeg 300w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-27-1024x578.jpeg 1024w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-27-768x434.jpeg 768w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-27-1536x868.jpeg 1536w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-27-2048x1157.jpeg 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/>\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-1817975022 > .col-inner {\n  margin: -120px 0px 0px 0px;\n}\n<\/style>\n\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-1685724118\">\n\n\t<div id=\"col-2084395868\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-2553114730\" class=\"text blog-txt\">\n\t\t\n<p><strong>Planning to enter the housing market and become a new homeowner can be stressful under the best of circumstances. Add to it the uncertainty created by the COVID-19 situation and it&#8217;s understandable why many new home owners are feeling daunted by the process. Thankfully, proper planning can help ensure a smooth transition into homeownership, both financially and logistically.<\/strong><\/p>\n<h3><span style=\"font-size: 75%;\"><strong>How is the market for first time buyers?<\/strong><\/span><\/h3>\n<p>Buying a property is the largest purchase most Canadians will make in their lifetime, so taking a measured approach is key. The reality of today&#8217;s housing market is that the COVID-19 pandemic has introduced an unexpected degree of uncertainty. No one can say for sure how the landscape will unfold for the remainder of 2020. What we do know is that interest rates are currently very favourable, and banks are lending as usual, even being flexible with buyers whose income has been interrupted by pandemic related layoffs. Moreover, the housing market in Montreal has remained strong, with reported prices in some areas up as much as 9% over this time last year. We may be facing some instability in the coming months, but long-term the Montreal housing market is quite solid.<\/p>\n<h3><span style=\"font-size: 75%;\"><strong>What can I afford?<\/strong><\/span><\/h3>\n<p>The first step in planning to buy a home should always be to consider the financial implications of the purchase. It&#8217;s essential to understand what you can safely afford. Speaking to a mortgage broker is key in this process, as they can help you formulate your budget. Being able to afford a home means a lot more than just having enough for the down payment and monthly mortgage payments. A mortgage broker can take your lifestyle into account to ensure your home purchase won&#8217;t leave you unable to pursue your passions. Maybe you love traveling, or collecting vintage guitars; no matter what it is, owning a home should not bar you from also enjoying what you love doing.<\/p>\n<h3><span style=\"font-size: 75%;\"><strong>What are the true costs of home ownership?<\/strong><\/span><\/h3>\n<p>Many buyers are surprised to learn that the mortgage and down payment costs are just the tip of the iceberg in the moving process. After locating and purchasing a home within your budget, next comes potential evaluation fees, inspection costs, notary fees, tax adjustments, insurance, and more. There are also closing costs consisting of\u00a0a 9 per cent tax on your mortgage insurance premium for insured mortgages, welcome taxes, and more. You also have to consider monthly expenses, as well as annual municipal and school taxes. Once these initial costs are laid out, you also have to budget for any purchases or renovations you plan on doing for the home.<\/p>\n<p>All that to say, it takes experience and guidance to understand the true costs of homeownership, and what you can realistically afford without having to sacrifice your lifestyle.<\/p>\n<h3><span style=\"font-size: 75%;\"><strong>I want to buy a home &#8211; how do I get started?<\/strong><\/span><\/h3>\n<p>Call us today to discuss your individual situation. We can explore what your options are based on your lending profile, and look at getting preapproved for a mortgage so that you can shop with confidence. No matter the type of property you&#8217;re searching for, our experts can guide you every step of the way.<\/p>\n<h3><span style=\"font-size: 75%;\"><strong>How can I safely get a mortgage amid COVID-19?<\/strong><\/span><\/h3>\n<p>Real estate brokers, building inspectors and appraisers, land surveyors, and chartered appraisers have all been able to resume normal client facing meetings since May 11, 2020.\u00a0 However, Orbis brokers will continue to accommodate clients by offering our complete brokerage service virtually in order to ensure everyone&#8217;s safety. If you need a mortgage we&#8217;re ready to help with access to the best rates and products with <strong>contactless<\/strong>, comprehensive service.<\/p>\n\t\t\n<style>\n#text-2553114730 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n<a href=\"https:\/\/groupeorbis.com\/en\/contact-us\" class=\"button primary is-large blog-button\" style=\"border-radius:99px;\">\n\t\t<span>Call us today to get started.<\/span>\n\t<\/a>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"is-divider divider clearfix\" style=\"margin-top:0em;margin-bottom:0em;max-width:100%;height:1px;background-color:rgb(213, 213, 219);\"><\/div>\n<div class=\"row\"  id=\"row-891178953\">\n\n\t<div id=\"col-1739086881\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-230304078\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-230304078 {\n  padding-top: 40px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div 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blog-post-inner\">\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<h5 class=\"post-title is-large \">\n\t\t\t\t\t\t<a href=\"https:\/\/groupeorbis.com\/en\/mortgage-solutions-for-the-self-employed\/\" class=\"plain\">Mortgage solutions for the self-employed<\/a>\n\t\t\t\t\t<\/h5>\n\t\t\t\t\t<div class=\"post-meta is-small op-8\">June 30, 2020<\/div>\t\t\t\t\t<div class=\"is-divider\"><\/div>\n\t\t\t\t\t                    \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":14325,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts\/2180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/comments?post=2180"}],"version-history":[{"count":5,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts\/2180\/revisions"}],"predecessor-version":[{"id":15885,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts\/2180\/revisions\/15885"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/media\/14325"}],"wp:attachment":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/media?parent=2180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/categories?post=2180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/tags?post=2180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}