416-571-0577
647-901-82131st Mortgage (First-time homebuyers).
Buying Your First Home Should Be Fun!
But we know it can feel overwhelming, especially with so much to learn. In today’s competitive market, time is everything—it can mean the difference between securing your dream home and losing out.
I’m here to help you save both time and money. Do you think your bank will offer that? Unfortunately, the answer is no. But as part of one of Canada’s top brokerages, I can provide you with low rates, a streamlined process, and unbiased advice, all to help you find your perfect Real Life Mortgage Solution.
Ready to take the next step?
Apply now, schedule a call back, or reach out via WhatsApp, SMS, or email. No matter where you are, I’ll provide you with a fast and secure response to get you moving forward.
Add a Information point: “In the News: OSFI is implementing a bank-side rule, starting Q1 of 2025, that will limit how many uninsured mortgages they can hold with an LTI (loan-to-income ratio) that exceeds 4.5 times an applicant’s gross annual income as rates drop.”
New Insured Mortgage Rules Affecting First-Time Buyers
The home price cap for insured eligibility has been raised from $1M to $1.5M, allowing less than 20% down payment for more expensive homes.
First-time home buyers can extend insured mortgage amortizations to 30 years* from the standard 25.
Insured mortgage purchases of newly-built homes can extend to 30 years* (including first-time buyers).
*An additional insurance premium applies for 30-year extensions. Have questions? Please talk to your expert.”
More than great rates, the type of mortgage you get
really matters.
See an ultra, ultra low rate on the web? Sounds too good to be true, its cause it is…..The mortgage that comes with it may trap you with higher penalties or restrictions that cost you more money in the long run or at renewal time. Does being married to your lender sound like fun? I can assure you it is not! For your first mortgage, it’s important to get the right fit at the best rate so that it works for you over the long term, finding that Real Life Mortgage Solution.
That’s where we come in — we know mortgages inside and out and can find the right one for you. If you go to your bank, you’ll only get what they offer. We can check with all of them which means you can sleep easy knowing that you didn’t miss out on a better option.
Need cash upfront? We can offer Cash Back Mortgages on both variable and fixed rates. Ask us if this option is right for you.
Want to start the application process? I promise you it will help you gain a better understanding! And it is quick!
