Are You A First Time Home Buyer?
Buying a Vancouver home offers many benefits, but there are a few downsides. Not only is the process of obtaining financing and finding a home pretty difficult, but with a Vancouver mortgage comes a pretty hefty monthly payment. Deciding if you are ready to take the plunge and become a first time home buyer in Vancouver, Port Coquitlam, Coquitlam or Port Moody is easier if you know how to read the signs.
Am I Ready For My First Home?
Learn about the glaring signs that indicate you are ready to
buy your first home.
Are You Sticking Around?
If you plan to be in the same location for at least 5 years, it is probably time to consider buying a home. A home is a long-term investment, so it’s not a good idea to buy a home unless you plan to stay in the same place for at least 5 to 7 years. For example, selling your home after 3 years might be pretty risky and result in you losing money on the deal.
You Are Pre-Approved for a Port Coquitlam Mortgage
Finances are a huge part of buying your first home. The loan approval process is different for first time buyers, which means that getting pre approved for a mortgage is always a great first step. Being pre-approved does not mean that you have fully secured the loan, so you need to be aware of this factor. However, if you do meet the requirements for pre-approval, chances are you are in a good place financially to make your dreams of owning a home finally come true.
Timing is Everything
Not only do you want to enter the market at just the right time, but you also need to be sure that any lease obligations are also coming to an end. If your lease is not up for 8 to 9 months, it might not be a good idea to buy a home until you are closer to the end of your lease. Finding the perfect time to buy your home is not always easy, but you can plan ahead and make it work out.
Find a Port Coquitlam Mortgage Broker
As a first-time home buyer, you probably don’t know much about the process that it takes to become financed for a loan. Obtaining a mortgage can be pretty complex, which means that you can simplify the entire process by finding a mortgage broker that can work with you to find a loan that you can afford and has terms that are best for your specific situation.
What Our Clients Are Saying
Collaborated with Milka on my mortgage and refinancing this past week. She knows her industry, explains details and information clearly, and alleviates any issues or concerns.
She's very personable and easy to approach as well, just a nice person to deal with who will have your back !I have been working with Milka since 2006. She is very professional and dedicated and always prompts to respond. She is extremely knowledgeable and a valuable source of guidance and support as she takes you through the process of Mortgage financing from start to finish. She really goes above and beyond for her clients and is committed to ensuring her clients always come out on top. I have already had 4 mortgages and 2 refinance with her since 2006 and she always gets me the best rates in the market. If you are looking for someone with great expertise who is helpful and always available every step of the way to help you complete your mortgage you must contact Milka.
Hamid Moghaddam
Leno Gillis Milka did a great job for me! She has great experience dealing with independent business people and contractors, those of us who don't fit easily into the boxes of conventional banking models. Even though my first time home purchase was a relatively small one, I never felt as if I were being treated any differently from her multi-million dollar clients. She patiently held my hand throughout the whole process and ironed out the wrinkles along the way. I would not hesitate to recommend her to my friends and colleagues.
North Munro I absolutely recommend Milka to my friends and family. This is our second time using her service as our mortgage broker.
Sarah Nast Simply The Best Customer Service Ever!
Richard Ferguson Milka is so knowledgeable, caring and easy-going. I felt like she always had our best interests in mind. I would recommend her to anyone. She knows her stuff and will take the time to teach and explain things to you. She made the stress of buying a new home a little less so. Thank you, Milka!
Davina Nicholson Milka rocks! If you want a mortgage broker who does all the heavy lifting and is quick - making decision making and arrangement easy - Milka is the broker for you!!! She worked so hard...even for a 0.05% difference. We love that she's a local to Tri-Cities and was able to refer us to local services (i.e. notary). Seriously...one-stop shopping with this lady and so efficient and knowledgable.
Sheryl Peters I am a first time home buyer with challenging finances (self-employed musician, etc.) I tried multiple mortgage brokers, Milka gave me the best deal and the best mortgage that worked for me. She was quick, thorough and very professional.
Eric Hoodicoff The best broker out there! When you are a busy realtor, you need to make sure you're clients are in the best hands~
Candace Cappellaro We have been working with Milka several times for the past few years. she has been very helpful and always response questions right away. Would definitely recommend!
Ouge Wang Milka really helped me out with a new mortgage when I needed to cash out some of the equity in my home for an investment. As a small business owner it can be difficult to get a mortgage, but Milka was able to get exactly what I wanted! I highly recommend her.
Lea Latham Milka was great. she worked tirelessly to get us the best rate, while paying close attention to all our contractual requirements. she was an absolute pleasure to deal with. I highly recommend her services as mortgage broker, extraordinaire.
Brett Smith We started working with Milka in 2003 when we purchased our first home and have used Milka on a total of seven property purchases since. We have found Milka to be extremely knowledgeable, helpful and responsive and we keep going back to her because she delivers great results. We highly recommend Milka Lukacevic as a mortgage broker.
Joanne Martin Milka was extremely helpul with our mortgage renewal. She has excellent knowledge of who the best lenders are and what the best rates are, and helped explain what makes some lenders better than others. She is extremely responsive and very client centric. I will be recommending her to all my friends and family.
Jose M. Feeling a bit beaten by the life misfortune we met Milka lukacevic to refinance our mortgage. We have found a European, warm , empathetic Lady who helped and alleviated our stress. Extremely professional, knowledgeable competent ,easy going person.She is the best mortgage broker ever! !!It was an absolute please to deal with her in this quite challenging experience. We will certainly recommend her service to our family and friends
Danuta Janusz
Over 25 Years of Lending Experience