What to Know Before Buying a Home in Ontario, OR

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Exploring Ontario, OR From North to South

Thinking about buying a home in Ontario? Awesome! You selected a lively city with a great balance of educational opportunities, businesses, and parks, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers nationwide and have the inside scoop on Ontario's housing scene.

Ontario's amazing growth has made it a great place to live. But on the flip side, the growth has also led to a shortage of cheaper homes. Sustained cultural expansion and economic growth have helped to attract young families, new businesses, and retirees to the Ontario area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Ontario and its neighboring areas still offer a variety of homes in price and amenities. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream house! When looking to buy a house in Ontario, consider how near or far away the home is from the places you visit most. If you can, test drive your route to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Exploring Ontario will also help you get a feel for how homes in east Ontario differ from west Ontario, what the neighborhoods are like, and where to find Ontario's hottest attractions.

Are you financially prepared to buy a house in Ontario? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe in keeping the dream of homeownership alive and work to make every stage of the journey more enjoyable and less worrisome. You don't even have to stick with your decision to buy a house in Ontario. We support first-time homeowners and experienced homeowners alike. Walk through the following steps to help you figure out if your finances are in the right place to buy a house in Ontario.

Before anything else, calculate how much house you can afford. This will help you narrow your search when house hunting in Ontario. Then, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Ontario will usually point you in the right direction. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Then, consider how much you can contribute to a down payment. A down payment of at least 20% can help increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, the minimum down payment requirements depend on the type of loan. This is where getting prequalified for a mortgage comes in handy. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, check your credit. Credit history is an important part of your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and who doesn't want more choices in life?

Make Your Move: Buy a Home in Ontario, OR

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Ontario, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in Ontario. We're here for you every step of the way and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Mr. Cooper Customer Reviews for Ontario, OR

Take it from these Mr. Cooper home buyers and sellers in Ontario, OR: We love helping homeowners. Call now to see how we can serve you.

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