Supporting First-Time Home Buyers Every Step of the Way

Our Ontario mortgage brokerage offers an extensive network of lenders, appraisers, lawyers, and investment advisors, providing invaluable guidance to first-time home buyers. We leverage our expertise to ensure your mortgage experience is seamless and rewarding, securing the best mortgage rates in Ontario for you.

The first step in your mortgage application is pre-approval. One of our experienced mortgage advisors in Ontario will help you complete your application and research the market to find the best mortgage lender, the amount you can qualify for, and the most competitive interest rates. We can secure an official pre-approval within hours, locking in your interest rate for up to 120 days.

A pre-approval outlines your price range and secures your interest rate while you search for your home. After finding your home, you submit an Offer to Purchase through your real estate agent. Once accepted, this offer becomes conditional, typically giving you 7 days to obtain full mortgage approval, inspect the property, and ensure there are no underlying issues.

Once you find your home, we locate a lender that will provide the loan at your pre-established interest rate. Full mortgage approval usually takes between 24 and 48 hours, thanks to our strong relationships with banks and mortgage lenders, ensuring a swift process.

An appraisal is required for conventional mortgages, where you put 20% or more down on your home’s purchase price. If you don’t have 20%, don’t worry. Mortgages with less than 20% down are subject to CMHC or Genworth insurance premiums, protecting the lender from higher risk. As a first-time home buyer, you can put as little as 5% down, provided you meet the qualifications.

Paperwork is an unavoidable part of the mortgage process. The amount varies depending on your mortgage type and lender, typically involving employment, income, and down payment confirmation. We review all required paperwork in detail before you join us, ensuring you are well-prepared.

A lawyer is required to represent you during the home purchase, managing the money you borrow and closing your mortgage on the assigned date. They also inform you of your legal responsibilities and handle closing costs, such as transfer taxes and property tax setup.

Buying your first home can be both exciting and overwhelming. Our Ontario mortgage brokerage strives to make your mortgage experience positive and supports you from the initial stages through to becoming mortgage-free. With our guidance, first-time home buyers leave their mortgage experience with confidence and knowledge to share with others.