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Closing
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Signing on the Dotted Line
Closing
Signing on the Dotted Line
On the Actual Closing Day
Your lawyer pays the vendor, registers the home in your name and delivers the deed and keys.
Make sure that you have all of the keys. The side door, garage door, shed, mailbox etc. And don't forget about the garage door opener! If you are purchasing a used home, it might not be a bad idea to change the locks or have them re-keyed after moving in.
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Closing
Signing on the Dotted Line
On the Actual Closing Day
Your lawyer pays the vendor, registers the home in your name and delivers the deed and keys.
Make sure that you have all of the keys. The side door, garage door, shed, mailbox etc. And don't forget about the garage door opener! If you are purchasing a used home, it might not be a bad idea to change the locks or have them re-keyed after moving in.
Read More
1. Determining Your Needs
Learn
- Your Lifestyle
- Location, Style and Cost
- Why is Location Important?
- Choosing a Neighbourhood
- Your Housing Needs
- Types and Styles of Homes
- What Can I Afford?
- Your Team and Their Roles
- Agents
- Contractors
- Appraisers
- Lenders
- Mortgage Brokers
- Lawyers/Notaries
- Home Inspectors
- Insurance Brokers
Plan
- Neighbourhood Features Checklist
- Monthly Expenses
- Your Team of Professionals
Worksheet
Do
- Home Features Checklist
- Home Hunting Worksheet
2. Arranging a mortgage
- Overview
- What is a Mortgage?
- Down Payments
- Conventional and High Ratio Mortgages
- Pre-Approved Loans
- Types of Mortgage
- Conventional and High-Ratio
- Second
- Mortgage Features
- You Should Know
- Assuming an Existing Mortgage
- Vendor Take Back
- Rate of Interest
- Terms
- Amortization
- Schedule of Payments
- Open Mortgage
- Closed Mortgage
- Convertible Mortgage
- Additional Costs
- Securing a Mortgage
- Applying
- Approval Process
- Insurance
Plan
- Getting Ready (to see a lender)
3. The Offer
Learn
- Overview
- Eight Basic Elements of an Offer
- Making An Offer & The Process
- Accepted and Rejected Offer
- The Deposit
- Offer Strategies
4. Closing
Learn
- Overview
- The Lawyer
- Surveys and Inspections
- The Title Search
- Taxes and Liens
- Finalizing the Mortgage
- Signing on the Dotted Line
5. The Move
Learn
- What to Except on Moving Day
- Ways to Reduce the Cost of a Move
Plan
- Moving Checklist
- Change of Address
Do
- Moving Calendar
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