Mortgages for First Time Home Buyers

Expert Mortgage Advice When You Need It The Most

Milton, Burlington, GTA Mortgages for First Time Home Buyers Made Easy

Mortgages for First Time Home Buyers Made Easy!

We help first time home buyers all across Milton, Burlington, the GTA and Ontario get the mortgage they need.

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Are you a First Time Home Buyer in Ontario and struggling to get a mortgage?.

There is great pride in owning your first home. A home purchase will most likely be the largest financial transaction most any person in Ontario will make in their lifetime. It is a challenging step but a home ownership provides you with many benefits. The numerous amount of mortgage products along with many terms and options can be overwhelming for many of first time home buyers. And breaking a mortgage can be sometimes very costly if something should change.

What can you afford?

When you think about purchasing your first home, there are numerous things to think about such as savings, the neighborhood you wish to live, and your commute to and from work among other things. As a result, this might be an overwhelming process for many. Let us take the guesswork out of the equation and use our expertise to your benefit.

Together we will identify what lender has the mortgage product that is right for you. Once we find out how much you can afford, we will protect your rate up to 120 days.

High Ratio or Conventional Mortgage?

The purchase price is essential when it comes to down payment. All mortgage applications require at least a 5% down payment of the purchase price. Between 5% and 19.99% of the purchase price will have a high ratio mortgage and will require mortgage default insurance. Your mortgage cannot be amortized for more than 25 years. With at least a 20% down payment of the purchase price, your conventional mortgage will not require mortgage default insurance. Therefore this could be considerable savings. The terms of your mortgage can be 1 to 10 years, with amortization periods up to 30 years. Most mortgages come with flexible repayment options, including the option of paying down a lump sum of up to 20% of your principal each year so you can be debt-free faster.

Our experienced team has worked with many first time home buyers in Milton, Burlington, Oakville, the GTA and all across Ontario to help get them the mortgage they needed. We can do the same for you.

What's Next?

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