First Time Home Buyers Canada
Are you a first time home buyers in Canada? Is it difficult for you to find the right mortgage broker in Canada? Mortgage In Toronto is here to help you to take the right decision. Buying your first home without mortgage knowledge is always very stressful. At M.I.T our experienced Mortgage Planners will guide you with the decisions you need to make and help you understand how much you can afford to spend on your mortgage, and to explore both traditional and alternative mortgage options.
We have access to the best mortgage rates with programs that can help you achieve your homeownership goals.
There are programs available to assist First-Time Buyers.
For example, the 95% high-ratio financing program through Canadian Mortgage and Housing Corporation (CMHC), and Genworth Financial (formerly GE Mortgage Insurance).
CMHC also permits first-time buyers to borrow their 5% from any other source under certain conditions.
The Home Buyers’ Plan (HBP) is a program that allows you to withdraw up to $25,000 (after January 27, 2009), from your registered retirement savings plan (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability.
We can help you determine if you qualify for any First-Time Buyers Programs and recommend how you should proceed.
We make sure your mortgage meets your needs. Mortgage is not only the interest rate; we look at other features and consider your future plans, such as mortgage penalty, the ability to transfer the mortgage to a new home or prepayment options.
Call us for a free consultation 416-900-1425 to find the best way to obtain your residential mortgage.
Remember how stressful it was buying your first home? Chances are you know how important it was to have someone in your corner. Whether you’re buying your first home or your fifth home, at Mortgage Architects we’re that someone. Our experienced Mortgage Planners know the industry inside out. We’ll take care of all your mortgage needs so you can take care of finding the perfect home. We’ll bring you innovative mortgage solutions, as well as the best rates and features that will make your next mortgage work for you. If it’s expert advice you’re after, our Mortgage Planners can help.
We offer numerous home financing options for various property types and borrowers. Whether you are purchasing or refinancing, as a First-Time Buyers or looking to move to a new home, as a single or a family, a self-employed or new to Canada, or if you require a 1st or 2nd mortgage; we can help.
We will walk you through the different components and aspects of obtaining a home loan; the pre-approval, down-payment, interest rates, mortgage term, amortization, payment schedule, type of mortgage: open or closed, fixed rate or variable and other aspects you need to know before getting your mortgage.
We can help demystify the process and offer clarity at each step in the process.