Buying your next home
There are a few key things to consider if you've outgrown your current home or need to relocate.
Moving on up!
Determine budget
Decide on a budget that includes any needed renovation costs to your current or new home.
Sell or buy first?
Decide if you’re comfortable buying first or if you should wait to sell in the current market.
Get pre-approved
Determine the price range of homes to consider to get ahead of the game.
List your home
Work with a real estate professional to set the right price and market your home effectively.
Buy your home
Start looking for your next home once you’ve sold or arranged bridge financing for your current one.
Sell your home
Finalize your finances and get ready to celebrate as you settle in to your new home
Selling First Versus Buying First
The answer depends on your circumstances. There are advantages to each approach:
SELLING FIRST
- It’s easier to get new financing
- You’re confident in the amount of money you have for your new home
- You don’t have the stress of carrying two mortgages at once
BUYING FIRST
- You have more time to plan renovations for your current and new home
- You can take your time looking for the perfect property
- ;You have more time to plan your move in date for your new home
How we make it easy
Here's some great mortgage features to choose from when buying your next home:
Move your mortgage without penalty
Keep the same rate when you transfer your current mortgage to a new one
Blend and increase your mortgage
Blend your interest rates when you need to borrow additional funds
Finance renos with a purchase plus improvements mortgage
Roll the amount you need for renovations into your new mortgage
For the next-time homebuyer
Need more space or looking to buy your next home? Keep these items in mind.
How to pay off your mortgage faster
“Home Sweet Mortgage-Free Home.” Shorten your mortgage with a lump sum payment (or two.).
What do I need to refinance my mortgage?
Refinancing your home mortgage can help you make your home suit your current or future lifestyle life
Thinking about moving your mortgage?
Make sure you ask these four questions about moving your mortgage to help make the best decision for you.
WORKING WITH A MORTGAGE SPECIALIST
Let us guide you through your homeownership journey
Our mortgage advisors love helping home buyers continue their homeownership journey and can customize your mortgage just like you can customize the paint colours and lighting fixtures in your new home.
- Combine your financing to meet your specific needs (mortgage, car loan, home reno) to help save you money
- Finding a mortgage term and rate structure that's right for you
- Securing solutions for future needs like renovations, an income property or vacation home
Mortgage Rates
5-year fixed (insured)
4.840%
5-year variable (insured)
6.590%
COASTAL COMMUNITY MORTGAGES
How much can I afford?
Estimate your mortgage payments and determine how much you can afford.
FOLLOW THESE STEPS TO SEE YOUR RESULTS:
STEP 1:
Enter gross annual household income.
STEP 2:
Enter down payment and amortization period.
STEP 3:
Select a loan term.
STEP 4:
Input your monthly debts (including co-owners).
Let us help you get into your next home
Talk to us now
Start your renewal or refinance with one of our experts
Work with a specialist
Have a mobile mortgage specialist visit you when and where you want
Apply in branch
Book an appointment online at the branch of your choice
Connect with Coastal Community
We're here for you.
SECURITY & PRIVACY
Together, let's do great things.
Coastal Community Credit Union acknowledges that we are located on the Lands of the Coast Salish, Nuu-chah-nulth and Kwakwaka’wakw ancestors and families, whose historical relationships with the Land continue to this day. We are grateful to have the opportunity to live, learn, work and play in their traditional and unceded territories.
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