After we have received your completed Letter of Intent form for sellers, and you have committed to working with us, it would be wise for you to get some financial advice.
Depending on your current situation, you may have many options available, including carrying a first mortgage for the new co-owner, if that was something you wanted to do. We we will set up a meeting for you with Fernando Zilli at Tribeca Mortgages to obtain a pre-approval for the amount you want to spend on your mortgage. You can check the website out here: Tribeca Mortgages
Fernando is hard working and has an honest approach. He and his team will work hard for you to acquire the best mortgage possible, or provide suggestions to repair your credit in order to obtain an approval, if necessary.
When you’ve received pre-approval from a mortgage broker, you’ll be ready to get started on the next step: Finding a compatible Shared Home Ownership partner.
Let us know if you are already working with a mortgage broker or financial advisor that you know and trust, and we will be happy to fill them in on the program.