Buying Your Next Home: Strategy & Savings with Steven Murdoch
Moving up, downsizing, or expanding your portfolio? Let’s make your next move your smartest one.
Buying your next home is a different experience than buying your first. The stakes are higher, the math is a bit more complex, and timing is everything. Whether you’re looking for more space for a growing family or adding an investment property to your portfolio, you need a mortgage strategy that protects your equity and maximizes your cash flow.
Navigating the “Next Home” Transition
When you already own a home, several questions come into play. I’m here to help you find the right answers:
- To Sell or to Rent? Should you sell your current home or keep it as a revenue-generating rental property?
- Buy First or Sell First? I can help you weigh the risks and rewards of both, including arranging bridge financing if your closing dates don’t align perfectly.
- Leveraging Equity: Can you use the equity in your current home to fund the down payment on your next one?
- Porting Your Mortgage: Is it better to bring your current mortgage with you or break it for a better rate and product?
Why Work With Steven Murdoch for Your Next Move?
Your bank sees a transaction; I see your financial future. My goal is to ensure your mortgage is an asset, not a liability.
- Speed and Precision: Real estate moves fast. I provide quick, professional turnarounds to ensure you don’t miss out on the perfect property.
- Customized Solutions: If you have non-traditional income, are self-employed, or need to clear tax arrears before your next purchase, I have access to alternative lending solutions that big banks simply can’t offer.
- Unmatched Choice: Through the Dominion Lending network, I shop hundreds of mortgage products across Canada to find the one that fits your specific goals—not the one that fits the bank’s bottom line.
- Volume-Based Savings: My access to “wholesale” rates means my clients typically save thousands over the life of their mortgage.
My 5-Step Process for a Seamless Move
- The Strategy Session: As soon as you think about moving, let’s talk. We’ll review your down payment options, potential prepayment penalties, and closing costs.
- The Pre-Approval: I’ll secure a fast pre-approval and lock in your rate for up to 120 days, giving you the confidence to shop knowing your budget is secure.
- The Home Search: Go shopping! Whether you’re working with a Realtor or buying privately, you can move forward knowing I’m standing by to back your offer.
- The Final Approval: Once your offer is accepted, I finalize the mortgage details, negotiate the best possible terms, and handle the paperwork with your lawyer and agent.
- The Closing: I stay with you until the keys are in your hand, ensuring the funds are advanced on time and the transition is stress-free.
Frequently Asked Questions
How is my down payment different this time?
You’ll likely use the proceeds from your current home sale or your existing equity. Depending on the purchase price and your goals, you may be able to put down as little as 5%, though I will always guide you through the implications of mortgage default insurance versus a 20% “conventional” down payment
Can you help if my situation is complex?
Absolutely. From Purchase Plus Improvements (adding renovation costs to your mortgage) to Investment Property financing and Vacation Home loans, I specialize in the “non-standard” files that banks often struggle with.
Do you provide Realtor referrals?
Yes. Over the years, I’ve built a trusted network of the industry’s best Realtors and solicitors. If you need a referral, I’m happy to connect you with a pro who fits your vibe.
Experience the "Steven Murdoch" Difference
A speedy mortgage, done right. I know the Canadian mortgage industry inside and out, and I’m to help clients get the absolute best fit.
