First-Time Homebuyers

Here's to buying like a pro the first time! Purchasing your first home is a significant financial decision, and getting the right advice from a mortgage professional is crucial. Before you start searching for your dream home, a mortgage broker can determine how much you qualify for, enabling you to shop with confidence. They'll guide you through the process and help secure a mortgage pre-approval, locking in today's rate for 90 to 120 days.

Why work with a broker? I collaborate with over 60 lenders, from major banks to private lenders, providing access to multiple options with just one application. I'll navigate the process, explain your choices, and present mortgage solutions that best meet your needs, focusing on the right combination of features, privileges, and rates. I'll also review terms, prepayment options, refinancing penalties, restrictions, and fees, ensuring you move forward confidently.

Additionally, I offer strategies to help you pay off your mortgage faster, saving you thousands in interest.

Helpful Information

Ready to take the next step?

Don't forget to check out our free resources section where you can find:

Your Guide to Home Ownership
Your Guide to Mortgage Pre-Approval
Before Making an Offer
After Accepting an Offer

Free Resources

Understanding Down Payment Options

Homes Under $500K

Homes Between $500K-$1M

For homes $500,000 and under, a 5% down payment is the minimum required.

Homes Between $500K-$1M

For homes over $500,000, but less than $1 million, you will need a 5% down payment on the first $500K combined with 10% for any amount over that.

Homes Over $1M

Homes Between $500K-$1M

5% to 19.99% Down Payment

If your purchase price is $1 million or more, a minimum of 20% down payment is required.

5% to 19.99% Down Payment

Sliding Scale Down Payment

5% to 19.99% Down Payment

Any purchase with less than 20% down is subject to default insurance premium which is usually added to the mortgage amount.

20%+ Down Payment

Sliding Scale Down Payment

With a 20% or more down payment, you do not have to pay the default insurance premium. You are also eligible for an amortization over 25 years and extended qualification ratios.

Sliding Scale Down Payment

If your property is over $2M in the GTA, you could be subject to a sliding scale for minimum down payment, meaning you will need to put 20% down payment up to $2M and then 50% down payment on the portion of value over $2M.

First-Time Homebuyers

Helpful Information

Understanding Down Payment Options

Homes Under $500K

Homes Between $500K-$1M

Homes Between $500K-$1M

Homes Between $500K-$1M

Homes Between $500K-$1M

Homes Between $500K-$1M

Homes Over $1M

Homes Between $500K-$1M

5% to 19.99% Down Payment

5% to 19.99% Down Payment

Sliding Scale Down Payment

5% to 19.99% Down Payment

20%+ Down Payment

Sliding Scale Down Payment

Sliding Scale Down Payment

Sliding Scale Down Payment

Sliding Scale Down Payment

Sliding Scale Down Payment

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