What Happens After an Accepted Offer? Mortgage Conditions, Deposits and Closing Steps for First-Time Home Buyers in Ontario

MAY 19, 202611 MIN
Homeowner AF: The Canadian First Time Homebuying Podcast

What Happens After an Accepted Offer? Mortgage Conditions, Deposits and Closing Steps for First-Time Home Buyers in Ontario

MAY 19, 202611 MIN

Description

Today on Homeowner AF, I’m breaking down what exactly happens after your offer is accepted on a home in Ontario. Most first-time home buyers think the hard part is over once the seller says yes, but the truth is, some of the most important steps are only just beginning. If you’re buying your first home in Ontario, an understanding of this stage can save you stress and surprises. In this episode, I cover:What happens during the critical 5 to 10 business day conditional period The truth about deposits, down payments, and when your money is actually at risk The documents lenders may still request after your pre-approval How appraisals can impact your mortgage approval and purchase price The risks of going in firm without a financing condition in a competitive market The importance of having a fully reviewed pre-approval before you go house huntingDo you have more questions about the home buying process in Ontario? Send me a message at [email protected] or a voice note over on my socials to be featured on the podcast.Specific Questions?  Ready to get started?Book a free call with Brianna: www.Bricallme.comJoin my mailing list: https://briannagoslinmortgages.myflodesk.com/mortgagebitesWebsite: http://www.briannagoslinmortgages.comInstagram: https://www.instagram.com/briannagoslinmortgagesFacebook: https://www.facebook.com/brianna.goslin.mortgagesLinkedIn: https://www.linkedin.com/in/briannagoslinmortgages