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Buying A Property

Buying a home is all about research, doing good comparisons, common sense, a little hard work and ultimately the ability to negotiate well. The better the research, that you have done, the more knowledge you will accumulate, the better position you will be in when it comes to negotiating.

When you do finally get to the negotiating table, that knowledge will translate into confidence, confidence that will give you power. When you understand what a property is worth to you, you can feel good about walking away because you have done your homework.

Mortgage Insurance

Home buyers who borrow more than 80% of the purchase price generally have to pay mortgage insurance. This protects the lender if you default on your repayments. The cost of mortgage insurance is generally 2 to 4 per cent of the purchase price.