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First Time Home Buyer

Many individuals wish to buy a home or have their heart set on buying one. There is a huge obstacle between them and their dream home: Money! This is where the first time home buyer mortgage can help. Lenders are keen on giving a first time home buyer a mortgage because they have less debt, therefore, posing a lesser risk.

Special Incentives announced for First Time Home Buyers in Budget 2019
  • 5% Down Payment Contribution from CMHC (Expected Commencement in September 2019)

  • RRSP withdrawal limit is increased for Home Buyers Program: First-time homebuyers can withdraw up to $35,000 individually or up to $70,000 with a spouse tax-free from their RRSPs, provided they adhere to the repayment plan.

Other Incentives available to First Time Home Buyer
  • Rebate in Land Transfer Tax

  • First Time Home buyer Tax Credits

  • Energy Efficient Housing Rebates

  • And many more

We specialize in the kind of education that can help get new homebuyers to avoid missteps and confidently start the home-buying journey. Buying your first home is a huge financial decision and there is a lot to think about. It's one of the most important financial decisions that most Canadians will make in their lifetime. Getting advice just makes sense.

Benefits of working with Our Mortgage Broker
  • We have access to the best available rates

  • We work for you not for lenders

  • We are flexible and dedicated to your success

  • We can recommend solutions you might not be thinking of

  • We will also provide strategies to help you pay your mortgage off faster and shave thousands off interest costs.

  • We walk you through the process of financing your first home

  • We have access to multiple lenders and Negotiate on your Behalf

Tired of passing your hard earned rent over to your landlord? Maybe you’ve built up some savings and have a down payment for your own property. No matter what your situation is, We help simplify the home buying process and worry about all the financing details so, you can get down to finding just the right property as fast as possible. We’re here to help you beat the banks … give us a call today.

There are a few requirements that any mortgage borrower must fulfill

Credit History : The first thing you need, is your credit history.
If you have a good credit history you can purchase the home with 5% down payment;
If you don’t have a good credit history, still you can purchase a home but;

  • You need a minimum 20% down payment to qualify for a mortgage or;
  • Waiting for a few years or contacting your mortgage agent for a solution

Proof of income: A lender cannot expect you to repay a loan if you don’t have any source of income. Hence, you need to provide your lender with proof of income i.e. income tax statements, pay stubs or job letter etc.

Although many Canadians have a general understanding of what a mortgage is and are familiar with some of the more basic terms, when you decide to get a mortgage financing, you need to know the finer details. Comparing rates, understanding the terminology, and understanding the payment requirements can often be an overwhelming and intricate process. Our mortgage brokers can guide you through the mortgage financing process, answer all your questions, and provide expert advice on the best product and mortgage rate for you.

When you are ready to purchase a home. You need a Team.

We'd be happy to help you build a strong away team so that all aspects of your home buying experience are efficient and professional. Your team will include a mortgage advisor, realtor, lawyer, and a home inspector.

There's so much to consider. Work with your Mortgage Consultant today so you can get into the market and start your wealth building with smart debt! We'll help you get off on the right foot in your home buying journey.

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