First-Time Home Buyers

“In this day and age, good service is hard to come by, so we want you to know that we found exceptional service with you. You went beyond the call of duty helping us find a home. Your calm assurance & confident knowledge helped to eliminate our stress and left us feeling firmly taken care of. We will never forget your kindness, generosity, understanding & your wonderful smile.”

Here are a few factors to consider as you begin the journey to home ownership.

Thinking of making a move? We can help!

What features do you need in a home to satisfy your current lifestyle?

When buying your first home think about the next 3 to 5 years. A one or two bedroom condominium can work well for a single person or couple. A two-bedroom condo may also be ideal for a couple with a child. However, if you’re looking to add to your family you may want a home with room to grow.

Each situation is unique and your needs and wants coupled with your budget, the housing market and availability are all aspects we consider when helping you find a comfortable home that you feel is right for you.

How would you rate your financial health and your credit rating?

A good credit history can make a big difference when applying for home financing. It can help you secure a lower interest rate and save thousands of dollars in interest costs.

Before beginning a search for your first home we’ll sit down with you and help you determine how much of a mortgage you might qualify for, providing you with an estimate of payments, including property taxes, utility estimates and any applicable maintenance fees.

We’ll also discuss other home buying costs, to help give you as complete a picture as possible of the costs related to purchasing your first home.

How much do you have available for your down payment and closing costs?

Typically home buyers will need a down payment and closing costs. Usually 5% is the minimum down payment required for an owner occupied home. Click here for information from Canada Mortgage & Housing Corporation on down payments.

Should you arrange for a pre-approved mortgage?

As we begin to move forward with finding you a home, talking to a lender to secure a ‘pre-approved’ mortgage will confirm the amount you qualify for based on your down payment, credit history, job situation and other factors.

Having a pre-approved mortgage will also provide you with an interest rate guarantee for a set period of time – just in case rates bump up while you’re house hunting. If rates go down, you will get the lower rate – a win-win situation!

Being pre-qualified and being pre-approved are two very different things. The one that matters most is being pre-approved!