Buying a Home in Kingston

Buying a home is a major milestone in your life. Things like applying for a mortgage or negotiating with the sellers, can be a stressful experience. However, rest assured, working with a Kingston mortgage advisor you can trust, can make this experience much easier and convenient. With the right mortgage, ownership is designed to earn you money while paying off the principle on your home.


Whether you’re looking for your first home, your second home in Kingston or nearby cities, or a cottage to retire to, working with an accredited mortgage broker like Leo Ragusa can make all the difference. There are many different types of mortgages, rates, and down payment options available. In order to make sure you’re making the best decision for you and your family, it’s recommended you get financial advice from an experienced mortgage broker.


Purchase a Home in Kingston ON

If you’re looking to purchase a home in Kingston at the best rate possible, make sure to contact me today. Both first-time homebuyers and those looking to purchase a new property stand to benefit from working with a reputable mortgage advisor. Securing a mortgage is just one aspect of purchasing a house. By choosing to work with a knowledgable mortgage advisor like Leo Ragusa, can save you time and money by helping you avoid making any costly mistakes.

As a trusted mortgage advisor in Kingston, I pledge to help you make informed decisions. This means helping you have a better understanding of what you can afford, how far your current assets will stretch, and the maximum expenses to live comfortably.

You can also purchase a home and get extra money to renovate with The Purchase Plus Improvement program. I can help qualified home buyers make their new home just right for them, with tailored improvements, immediately after taking possession of the purchased property. All this can be done with one manageable mortgage and with only 5% down. Contact me for details.

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Contact us as soon as you decide to buy a new home. Whether you’re buying a first home in Kingston, second, or an investment property, getting pre-approved for a mortgage is crucial. It not only tells you the maximum mortgage you can qualify for but also shows the seller that you’re serious about buying their property. Leo Ragusa will work at your comfort level and never make unnecessary calls or messages. 

Buying and selling at the same time can be a little tricky because in the worst-case scenario, you’ll be making two mortgage payments until your first home gets sold. However, in the best-case scenario, you can time closing of both homes around the same time, so you directly move into your second property. When working with a real estate agent, ask them about putting a conditional offer. It means that you’ll close on the new property only if your current one gets sold. 

You’ll be making bigger monthly mortgage payments with a 15-year mortgage. However, you’ll be paying more towards the interest if you sign up for a 30-year mortgage period. At Mortgages Kingston, we recommend you to get a 30-year mortgage and make extra payments every few months and pay off the total in 10-15 years. 

Historically, our clients with a variable mortgage rate have done better when it comes to saving money towards the interest. However, the rates have gone up rapidly in the past year, which makes variable rates a big risk. You can get a fixed mortgage right now and then refinance to a variable mortgage when the rates lower at the time of refinancing. 

This is a big myth. You won’t be saving money with bi-weekly payments but it’s just a convenience thing. On the other hand, accelerated monthly payments are both convenient and help you save money. It means the lender divides your monthly payment into two and charges you every two weeks. They reduce the amortization period, lower interest rates in the long run, and help pay back the principal amount faster. If you have any more questions, Kingston’s most well-known mortgage broker, Leo Ragusa, would be happy to answer them.