First Time Home Buyers
Do you plan to purchase your first home in Canada? A first-time home buyer’s experience can be very stressful without a good understanding of mortgages. We are here to help you to take the right decision, our team will guide you with the decisions you need to make and help you understand how much you can afford, and to explore both traditional and alternative mortgage options and tol bring you innovative mortgage solutions,
With our programs, we can help you achieve your homeownership goals at the best mortgage rates.
A number of programs are available to help first-time home buyers.
For example, the 95% high-ratio financing program through Canadian Mortgage and Housing Corporation (CMHC), and Genworth Financial (formerly GE Mortgage Insurance).
Under certain conditions, CMHC allows first-time buyers to borrow their 5% from any other source.
With the Home Buyers’ Plan (HBP), you can use up to $35,000 of your RRSP savings ($70,000 for a couple) to help finance your down payment on a home.
We can assist you in determining if you qualify for a First-Time Buyer program and provide you with information on how to move forward.
Choosing the right mortgage for you is our top priority. There is more to a mortgage than the interest rate; we consider other features, such as mortgage penalties, transferring a mortgage to a new home, and prepayments.
Call us for a free consultation 416-900-1425 to find the best way to obtain your residential mortgage.