Subtle changes in the way you approach mortgage shopping, and even small differences in the way you structure your mortgage, can cost or save you literally thousands of dollars and years of expense.

Whether you're about to buy your first home, or are planning to make a move to your next home, it is critical that you inform yourself about the factors involved.

Here are 6 things homebuyers often overlook when buying a home: Get pre-approved for a mortgage before you go looking for a home Know what monthly dollar amount you feel comfortable committing to Think about your long term goals and expected situation, to determine the type of mortgage that will best suit your needs Understand what prepayment privileges and payment frequency options are available to you Ask if your mortgage is both portable and/or assumable Seriously consider dealing with a Mortgage Expert

For a rough guide, find out what price home you can afford by using the mortgage and affordability calculators below.

We also recommend you talk to a professional. Below is a list of mortgage specialists we know and trust. We choose only those who are motivated by our clients’ best interests and who will work to find the loan/mortgage program that best meets your needs.

Preferred Mortgage Specialists:

• Rod Minnes, Rod Minnes Mortgage phone: 250-307-7771
• Pauline Mountain, TD Canada Trust phone: 250-307-4860
• Pamela Owen, RBC Royal Bank phone: 250-260-0008