{"id":3184,"date":"2021-02-26T16:49:50","date_gmt":"2021-02-26T16:49:50","guid":{"rendered":"https:\/\/groupeorbis.com\/?p=3184"},"modified":"2024-02-23T10:21:11","modified_gmt":"2024-02-23T10:21:11","slug":"the-value-of-good-advice-for-first-time-buyers","status":"publish","type":"post","link":"https:\/\/groupeorbis.com\/en\/the-value-of-good-advice-for-first-time-buyers\/","title":{"rendered":"The value of good advice for first time buyers"},"content":{"rendered":"<div class=\"row\"  id=\"row-1268099988\">\n\n\t<div id=\"col-981486681\" 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-981486681 > .col-inner {\n  margin: -290px 0px 0px 0px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n<style>\n#row-1268099988 > .col > .col-inner {\n  padding: 30px 30px 30px 30px;\n}\n<\/style>\n<\/div>\n<div class=\"row\"  id=\"row-1160478478\">\n\n\t<div id=\"col-283407918\" 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-16.jpeg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" srcset=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-16.jpeg 2560w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-16-300x169.jpeg 300w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-16-1024x578.jpeg 1024w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-16-768x434.jpeg 768w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-16-1536x868.jpeg 1536w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-16-2048x1157.jpeg 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/>\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-283407918 > .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-278471585\">\n\n\t<div id=\"col-2092928039\" 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-2466670269\" class=\"text blog-txt\">\n\t\t\n<p>Buying your first home can be a daunting experience under normal circumstances. Now with market conditions favouring sellers and logistical complications with COVID19, the process of finding the right home can seem all the more complex. Thankfully, proper planning and solid advice can help ensure your home buying experience is a positive one. How can we help? From budget creation and preapprovals to lifestyle concerns and recurring home ownership costs, mortgage brokers are experts in preparing you to become a homeowner. The best part? Our client services come at no cost.<\/p>\n<h3 class=\"wp-block-heading\"><span style=\"font-size: 75%;\"><strong>DETERMINING AFFORDABILITY<\/strong><\/span><\/h3>\n<p>The first step in planning to buy a home should always be to understand 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.<\/p>\n<h3 class=\"wp-block-heading\"><span style=\"font-size: 75%;\"><strong>GETTING PREAPPROVED<\/strong><\/span><\/h3>\n<p><strong>Another benefit of consulting with a mortgage broker ahead of time is to obtain a mortgage preapproval.\u00a0<\/strong><strong>A<\/strong>\u00a0mortgage pre-approval\u00a0occurs when a lender provides a buyer with a written statement confirming they qualify for a\u00a0mortgage loan of a specific amount based on their current income and credit history. A\u00a0pre-approval\u00a0usually specifies a term, interest rate and\u00a0mortgage\u00a0amount. In order to obtain preapproval, you will be required to provide some basic information about your financial picture, including proof of employment and income, as well as previous years&#8217; tax summaries. Your mortgage broker will then use a specialized process to determine how large of a mortgage you are eligible for, as well as details about the rate and term. That said, buyers should be aware that when a lender qualifies you they don&#8217;t take monthly expenses or your lifestyle into account. That&#8217;s why when rates are low, like now, sometimes people qualify for larger mortgages than they can realistically afford. That&#8217;s why working with a licensed mortgage professional is the best way to help buyers decide not just what type of mortgage is right for their individual situation, but also to determine how much house they can afford considering their lifestyle and priorities; it&#8217;s never just about the rate.<\/p>\n<h3 class=\"wp-block-heading\"><span style=\"font-size: 75%;\"><strong>TAKING ADVANTAGE OF CURRENT RATES<\/strong><\/span><\/h3>\n<p>Even though it may be a tumultuous time to be a buyer in this market, the good news is that mortgage rates are currently at historic lows. This means potentially thousands in savings over the course of your mortgage term. If you&#8217;re planning to purchase a home in the coming weeks, obtaining preapproval can mean locking in a great rate while you shop for a home.<\/p>\n<h3 class=\"wp-block-heading\"><span style=\"font-size: 75%;\"><strong>GETTING A MORTGAGE SAFELY<\/strong><\/span><\/h3>\n<p>Orbis brokers will continue to accommodate clients by offering our complete brokerage service virtually in order to ensure everyone&#8217;s safety during the COVID-19 pandemic. If you need a mortgage, we&#8217;re ready to help with access to the best rates and products with\u00a0<strong>contactless<\/strong>, comprehensive service.<\/p>\n<p>No matter the type of property you&#8217;re searching for, our experts can guide you every step of the way. Call us today to get started.<\/p>\n\t\t\n<style>\n#text-2466670269 {\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-346019633\">\n\n\t<div id=\"col-765518719\" 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-2052332420\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-2052332420 {\n  padding-top: 40px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-86334210\" class=\"text\">\n\t\t\n<h3>Related Articles<\/h3>\n\t\t\n<style>\n#text-86334210 {\n  font-size: 1.6rem;\n  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\/>\t\t\t\t\t\t\t<\/a>\n  \t\t\t\t\t\t\t  \t\t\t\t\t\t\t  \t\t\t\t\t\t<\/div>\n  \t\t\t\t\t\t  \t\t\t\t\t<\/div>\n          \t\t\t\t\t<div class=\"box-text text-center\" >\n\t\t\t\t\t<div class=\"box-text-inner 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\/how-orbis-leverages-the-most-advanced-technology-in-the-industry\/\" class=\"plain\">How Orbis leverages the most advanced technology in the industry<\/a>\n\t\t\t\t\t<\/h5>\n\t\t\t\t\t<div class=\"post-meta is-small op-8\">November 13, 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":14336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3184","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\/3184","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=3184"}],"version-history":[{"count":5,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts\/3184\/revisions"}],"predecessor-version":[{"id":15876,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts\/3184\/revisions\/15876"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/media\/14336"}],"wp:attachment":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/media?parent=3184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/categories?post=3184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/tags?post=3184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}