An essential part of buying a home is finding the right financing for the purchase. Securing a mortgage through a financial institution is a common method of financing. The Canada Mortgage and Housing Corporation webpage is a great resource to get you started thinking about the proper form of financing for your situation as well as considerations to make when securing a mortgage. Specifically, the Homebuying Guide contains a lot of great information and could be really helpful to you. This guide discusses issues such as whether homebuying is right for you, whether you are financially ready to buy a home, financing your home, purchasing your home, etc. There is also a handy flowchart in this guide regarding what happens with your lawyer on closing day!
