Move Up Buyers
Ready for the big move?
Here’s how we’re going to make it happen!
Step 1
The Discovery Call
It’s All About You!
In this step we’ll have a casual conversation and:
- Talk about the marketability of your current home
- Discuss your budget and the areas you want to live in
- Go through some rough mortgage scenarios
- Talk about your future plans
After going through this step you’ll feel some of the pressure coming off your shoulders and realize you made the right call by reaching out to us.
Step 2
Develop a financing plan
Leave the number crunching to us!
In this step we work our magic behind the scenes and:
- Map out your target sale and purchase price ranges
- Talk about which lenders will meet your current and future needs
- Show you how various purchase prices fit with your budget
- Get you ready for your deposit on purchase
After this step you’ll feel excited about the possibilities and ready to go shopping!
Step 3
Let’s Go Shopping
Now the Fun Begins!
In this step our experience really shines through! And we’ll be there to:
- Help with the big “Is This The One?” decision
- Revisit the monthly budget, making sure it all fits
- Make sure there are enough net sale proceeds to make it all work.
- Get you a lightening fast approval
This step is usually emotionally charged! Don’t worry, we’ve got you, and we’ll be there every step of the way.
Step 4
Offer Accepted!
Ready to Call the Movers?
In this final step we’ll guide you through:
- Wrapping up the mortgage approval with the lender
- Removing final conditions on your offer to purchase
- Connect you with a great Notary
- Map out the last few steps before your completion date
You did it! We often hear from clients after this stage that they can’t believe how easy we made it for them. Just 1,2,3,4 put the key in your new front door!
Finally you have that extra space to breathe!
How amazing does that feel?!
Why use a mortgage Broker?
Banker vs Nishka Riley Mortgage Team
Nishka Riley Mortgage Team
Product Options
We have access to various lenders, providing a wide range of mortgage products.- Interest Rates
We can often offer competitive interest rates by shopping around among multiple lenders. - Personalized Service
We work independently and focus on your needs, offering personalized guidance. - Communication
We maintain clear and open communication, ensuring you understand the entire process. - Flexibility and Advocacy
We are your advocate. We work to find the best terms and conditions to meet your financing needs.
Banker
Product Options
Limited to offering only the products available within their own bank- Interest Rates
Bankers are confined to the rates set by their own institution, potentially limiting options. - Personalized Service
Bankers are constrained by the policies and procedures of their specific bank. - Communication
Bankers wear many hats and may not have the time to communicate the progress of your file. - Flexibility and Advocacy
Bankers represent the interests of their employer, which may not always align with the borrower's best interests.
How The Nishka Riley Mortgage
Team Can Help You
Over the past 20 years, we have been helping people like yourself call North Vancouver, Squamish and Vancouver home. If you are in the early stages of your search, download our award winning mortgage calculator, which factors in local taxes and average strata fees for the area you are considering. Since we are a part of the Dominion Lending Centres network, we have access to lenders like Scotiabank, TD Canada Trust, Blueshore Credit Union, MCAP and dozens more. Because of our lender relationships, we can find a mortgage solution that meets your needs. Moving up has a lot of moving pieces; if you are self-employed or have credit challenges, you’ll especially want to harness our experience to guide you through the mortgage maze. As a move up buyer, you have a lot of decisions to make: fixed vs variable, sell my current home or turn it into an investment property, which realtor should I use, notary vs lawyer? We’ll be there every step of the way and help you with each one. Come experience why we are one of the highest ranked North Vancouver mortgage brokers by Google reviews.
Things To Know When You Are Selling And Buying
Common questions and misconceptions
Bridge
Financing
If your dates don't match, bridge financing lets you access your current home's net equity to complete your purchase. To qualify, you have to have an accepted sale and purchase offer. If you don't have an accepted offer on your current home, you'll need to refinance. There are many misconceptions about bridge financing; we'll clear them up in our discovery call.
Realtor
Fees
First-time sellers on the North Shore may be surprised by realtor fees, but they're worth it. Realtors save more than their fees, negotiating better prices on both ends. With expertise in contracts, they ensure a successful sale. Don't have a realtor? We can save you the hassle of looking by recommending one of our preferred experts based on your needs and personality.
Deposit On
Purchase
In the whirlwind of making an offer, the deposit on a purchase, typically 5% and due 24 hours after condition removal, can slip your mind. Since most buyers have their savings tied up in their homes, producing 50k to 100k on short notice can be difficult. In our call, we'll make sure you've got this covered. Now let's go find "The One!”
What Our Clients Are Saying
Get a feel of how we work with people just like you