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The 3 Year Mortgage Road Map
Today
✔ Meet your sales rep at Homes by Avi to get a 10 day hold on your unit for just $1,000! This deposit is refundable if you decide not to proceed, but will go towards your down payment if you move forward with the deal.
✔ Work with your mortgage broker to ensure that you will be approved for a mortgage. Homes by Avi will require a 10% deposit; your mortgage approval will need to be for 90% of the purchase price.
✔ Provide your first 5% down payment to Homes by Avi
✔ Waive your condition of financing by providing Homes by Avi with your mortgage approval letter from your Mortgage Broker. This means that your deal is now firm, your deposit is non-refundable and you are Full steam ahead!
In 10 Days
In 3 months
✔ Provide your remaining 5% down payment to Homes by Avi.
In 1 Year
✔ You will now start receiving monthly construction updates from Homes By Avi!
✔ Maintain your credit score by paying your bills on time and keeping credit balances in check.
✔ Avoid new debts (think cars, furniture, expensive jewelry and holidays)
✔ Update your broker with any significant financial changes (think a new job or marital status change)
In 2 Years
✔ Meet with your mortgage broker to formalize your mortgage approval. At this meeting, you can hold a mortgage rate for the next 12 months to protect yourself from mortgage rate increases.
120 Days before Possession
✔ Avi Customer Relations will reach out to you and confirm your possession date
✔ Check in with your mortgage broker to evaluate the rate and product options available in the current market. A lot can change in a year, and it’s our job to ensure you’ve got the Best of the Best!
✔ Get your home insurance ready. It’s good to shop around for the best deal. START HERE with our friends at Westland Express!
✔ Schedule your final walkthrough with Home by Avi to check out the new digs!
Take Possession!
✔ Relax and have a party because you did it!
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