First-Time Home Buyers
"There's no place like home"
As a first-time homebuyer, you’re stepping into an exciting new chapter. The road ahead may seem unfamiliar, but just like Dorothy, you don’t have to navigate it alone. Let us help you simplify the complexities of the housing market so you can focus on finding your perfect home.
Let us help you “surf” the complexities of the housing market. With expert advice and personalized support, we’ll guide you through each step—from securing the best mortgage rates to finding the right home for you. We make the complicated process feel like smooth sailing, so you can focus on what really matters: finding your place to call home.
Whether you’re unsure of where to start or what to expect, we’re here to clear the path, just like the Wizard helping Dorothy reach her true home. With us by your side, you’ll be ready to turn the key and say, “There’s no place like home.”
Buying Your First Home Should Be Fun!
But we know it can feel overwhelming, especially with so much to learn. In today’s competitive market, time is everything—it can mean the difference between securing your dream home and losing out.
I’m here to help you save both time and money. Do you think your bank will offer that? Unfortunately, the answer is no. But as part of one of Canada’s top brokerages, I can provide you with low rates, a streamlined process, and unbiased advice, all to help you find your perfect Real Life Mortgage Solution.
Ready to take the next step?
Apply now, schedule a call back, or reach out via WhatsApp, SMS, or email. No matter where you are, I’ll provide you with a fast and secure response to get you moving forward.
- Add a Information point: In the News: OSFI is implementing a bank-side rule, starting Q1 of 2025, that will limit how many uninsured mortgages they can hold with an LTI (loan-to-income ratio) that exceeds 4.5 times an applicant's gross annual income as rates drop.
New Insured Mortgage Rules Affecting First-Time Buyers
Effective December 15, 2024:
- The home price cap for insured eligibility has been raised from $1M to $1.5M, allowing less than 20% down payment for more expensive homes.
- First-time home buyers can extend insured mortgage amortizations to 30 years* from the standard 25.
- Insured mortgage purchases of newly-built homes can extend to 30 years* (including first-time buyers).
- An additional insurance premium applies for 30-year extensions. Have questions? Please talk to your expert."
More than great rates, the type of mortgage you get really matters.
See an ultra, ultra low rate on the web? Sounds too good to be true, its cause it is…..The mortgage that comes with it may trap you with higher penalties or restrictions that cost you more money in the long run or at renewal time. Does being married to your lender sound like fun? I can assure you it is not! For your first mortgage, it’s important to get the right fit at the best rate so that it works for you over the long term, finding that Real Life Mortgage Solution.
That’s where we come in — we know mortgages inside and out and can find the right one for you. If you go to your bank, you’ll only get what they offer. We can check with all of them which means you can sleep easy knowing that you didn’t miss out on a better option.
Need cash upfront? We can offer Cash Back Mortgages on both variable and fixed rates. Ask us if this option is right for you.
Want to start the application process? I promise you it will help you gain a better understanding! And it is quick!
Your First Mortgage — We’re Here to Help You Navigate the Financial Side
Buying your first home is exciting, but we know it can feel daunting. The good news is, there are numerous programs and rebates designed to help soften the financial impact, especially as home prices rise in larger cities.
Here are some key programs that can help you get into your first home:
First Home Savings Account (FHSA):
A tax-free way to save and withdraw funds for your down payment and home buying costs.
RRSP Home Buyers’ Plan (HBP):
Allows you to borrow from your RRSP to put toward your down payment—interest-free.
Federal First-Time Home Buyers’ Tax Credit:
You could receive up to $1,500 to help with your closing costs.
Additional Federal and Provincial Tax Rebates:
These may provide extra funds for closing costs and offer relief on GST/HST.
We’re here to guide you through these programs, even before you apply for a mortgage. Our goal is to make the process as smooth and stress-free as possible. Once you’re ready, we’ll work with lenders on your behalf to secure the best mortgage rate and most flexible terms.
Need a Realtor?
We can connect you with trusted professionals in the industry through our long-standing relationships, making your home buying journey even easier.
Want to know more about the programs available?
We’ve broken down the details by province. Learn More and start your homebuying journey with the right financial support!
A Smooth, Stress-Free Process from Start to Finish
Your first mortgage may be new to you, but it’s not new to us. With our experienced team of brokers, you can relax knowing you’ll be guided every step of the way—ensuring a seamless experience from start to finish:
Your Down Payment:
The size of your down payment can have a big impact on your mortgage. While many first-time buyers can put down as little as 5%, having a strong credit score can open up even more options, did you know it can even be gifted! We’ll help you explore strategies and programs to make the down payment process as simple and affordable as possible.
Your Pre-Approval:
We’ll quickly determine how much you can borrow and the best interest rate available based on the latest federal stress-test guidelines. Many of our pre-approvals come with up to a 120-day rate hold, giving you the flexibility to start house-hunting with a clear budget in mind and extra time to find your dream home. We’ll also help you with key tips to make sure your pre-approval turns into an actual approval.
Purchasing Your Home:
As you make an offer, ensure you include a financing condition and give yourself at least a week to finalize everything with your lender. Use this time wisely to schedule a home inspection and review all details thoroughly!
The Paperwork:
Our team will walk you through all the required documents, ensuring you fully understand what the lender needs and why. No surprises here—just clear, easy-to-understand guidance.
Closing:
Once everything is ready, we’ll send the paperwork to your lawyer for final review and closing.
And when you walk through the door of your new home, you’ll know you’ve secured the best mortgage rate and the right fit for you. Plus, we’ll be here whenever you need us—whether it’s for a mortgage renewal or to answer any questions down the road.
