People often rush to find their dream home and sign a contract without considering their financial reality. This can lead to financial hardship or even worse consequences. I have heard numerous stories of individuals who were forced to sell their homes due to poor financial planning. The correct approach before buying a house is to take the time to sit down and plan. Create a table outlining all your monthly repayments and carefully assess what amount you can afford. Additionally, account for anticipated expenses such as education, car, and children's weddings. It is also beneficial to simulate different scenarios to ensure you are prepared for any unexpected circumstances.

In addition, people often overlook the need for extra funds to cover additional costs associated with purchasing and moving into a home. These costs include transfer fees, gas company fees, brokerage fees, attorney fees, appraiser fees, mortgage advisor fees, file opening fees, and other expenses that can accumulate. It is important to set aside money from your own equity to cover these expenses. Of course, there are also unforeseen surprises in life that we cannot anticipate in advance. That is why we are here to assist you.

Please schedule an appointment so that we can review your mortgage and loan files once again. It is possible that consolidating all loans or restructuring the mortgage may be necessary. You need to regain financial stability, and with proper planning, you can gradually improve your mortgage situation.