First Time Home Buyers
If you are a first time home buyer, it is important to understand all the Regina mortgage options available to you. There are also some programs and mortgage rules that are specific to first time buyers. I want to help you get into a home and guide you to making the decision that works best for you now, but also one that is best for your long term financial goals.
Your First Mortgage
Purchasing a home is a very big commitment and your mortgage could be the single most important financial decision that you will ever make. Simplifying the process is what I do best. I’ll explain your options and recommend financing solutions to get your mortgage approved at the lowest rate and most flexible terms.
One of the most commonly asked questions I have is this – Sshould I find a home first or should I get a mortgage first? And let me tell you, I love a good plan. Ideally, I’d like to get you pre-approved so you know what your budget is. This way you don’t waste time looking in the wrong price range AND you don’t get your heart set on a home that isn’t within that range. That being said, if you’ve already found a house you want to purchase, it’s not too late, I help buyers at ALL stages of the home buying process.
My Expert Knowledge
My knowledge of the mortgage market will enable a speedy, stress-free home buying experience for you. I work with the major Canadian lending institutions on a daily basis and know their mortgage products and terms.
Providing the lowest mortgage rate in Canada and explaining the entire home purchasing process are two of many value-added services we provide.
I can assist the first-time homebuyer through every step of the mortgage process.
The Pre-Approval: Find out the mortgage amount and interest rate you qualify for.
Purchasing the Home: Include a condition day; give yourself at least one week to finalize all financing.
Paperwork: I’ll explain, in detail, all of the paperwork that the bank/lender requires.
Closing / Lawyer: All paperwork will be sent to the solicitor of your choice.
Your Down Payment
When you buy a home, you will first need money for a down payment. The amount of the down payment can vary, a borrower may go as low as 5% down if you have an excellent credit history, and there are some options available for securing those extra funds for the amount you need as a down payment.
I treat you like family, meaning I won’t get you into a mortgage situation that I wouldn’t recommend for my family and friends. I have your back every step of the way.
I recommend for most first time home buyers to consider starting off small, making sure you do not over-extend your payments.
From Baltic Avenue to Boardwalk, I can help you finance it!