First Time Home Buyer
First, congratulations on taking the first steps towards home ownership! As a first time homebuyer, everything is new and exciting, the language, searching for the right home, this is a big decision and we are here to help and guide you step by step through the process explaining every detail so you are well prepared to make the right choices for today and tomorrows future plans.
As a Vancouver Mortgage Broker Real Estate Adviser that has been involved in the industry for over a decade, I have tackled hundreds of questions but one stands out more than others when it comes to buying a house and that is HOW MUCH CAN I AFFORD?
This is especially true for first time home buyers. Often first time home buyers may have concerns regarding the down payment, how their credit score will affect their mortgage choices, and if you’re self employed you may be questioning if you can even get a mortgage at all. Don’t worry, you’re not alone. These are all common concerns, most of which can be easily addressed, and we are there to support you at every step.
From obtaining a pre-approval that works for you, to assisting during the offer stage and guiding you through the approval process and documentation we will help you achieve your goal and show you the right path to your first home.
Did you know as a first time buyer you may be permitted to certain exemptions when it comes to land transfer tax, also taking advantage of the RSP Homebuyers Plan is a fantastic way to use your RSP investments for your down payment while not being taxed upon withdrawal. These are just some of your options, we will review your particular scenario to give you the best options for your particular situation.
You can view the government’s Home Buyer Plan at this link :
If you have a parent or family member that can provide gifted funds, we can use this as your down payment as well, we just need to follow some rules that we can explain.
Every dollar and penny counts when buying a home and we will go over all costs associated with your purchase to make sure there are no surprises at closing and you are comfortable with your monthly payments one in your new home.
The best time to start working with a Vancouver Mortgage Broker Real Estate Adviser is before you even start looking at houses. Your mortgage broker will help you understand how much you can afford, which can help you focus your house hunt, and they’ll help you put everything in place so that when you do find the perfect home you can act quickly, and potentially beat out any other purchasers, knowing everything you need to know upfront will put you in the driving seat and ready to go.