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• First Time Home Buyers

First Time Home Buyers

1. Residential Mortgage Information

   Shopping for a new home? Don't forget to pick up a great residential mortgage rate first! If you're considering taking the leap into home ownership, don't wait to research possible mortgage rates and products – start studying up now. Understanding what to expect when applying for a residential mortgage will help simplify the process and alleviate a ton of unnecessary stress.

2. Making an Offer to Purchase a Home

   As a first-time homebuyer, this is actually the moment you've been anticipating. You have discovered a home you love, and today it is time to make a proposal to buy. With all the investment going into this home, it's a wise idea to leave the construction of your offer to buy, also referred to as a legal contract of purchase and sale, up to your attorney and real estate agent.

3. The Changing First Time Homebuyer Demographics

   The demographics of first time homebuyers has noticed a considerable change in the past few years. Specifically, more single ladies are able to obtain property by building up their own personal equity and with significantly less focus on holding out to find a life companion.

4. Down Payment Options and Pre-Approvals

   As a first-time home buyer, you probably have many questions, including the right down payment amount and whether you’ll be approved for a mortgage.

5. Advantages of Online Mortgage Shopping

   Searching for and securing the right mortgage for the lowest price isn’t a task many home buyers look forward to. In fact, it’s time consuming, and can be difficult if you don’t have the expertise needed to compare mortgages and rates. Getting the best mortgage package is essential. This is why FamilyLending.ca 's online mortgage brokers are here to simplify the mortgage shopping process.