Every year, Dominion Lending Centres interacts with new home buyers in Edmonton and Alberta. We’ve taken hundreds of buyers through their first-time home buyer mortgages and discovered mistakes many people make.
The costs of buying your first home can quickly add up, making it difficult for you to own your own home. Fortunately, federal government programs such as the First-Time Home Buyer Incentive (FTHBI) can make it easier for some to purchase their first home.
When you decide to purchase your first home, you'll want to know all your financing options for a first-time home buyer loan. Usually, you'll approach a bank or a mortgage broker.
Qualifying for your first-time home buyer mortgage is a critical part of the homeownership process. You need to provide several documents to your mortgage broker and lender.
The first-time homeowner buying process is exhilarating. It’s fun to dream about your dream home and new life, but sometimes, you may get wound up in the fantasies and make mistakes. Unfortunately, when it comes to decisions as significant as mortgages, mistakes can cost you hundreds of dollars.
Buying your first home is a substantial financial investment. For this reason, it’s essential to arm yourself with adequate information and a solid plan to help you balance your debt, income, and expenses.
When buying a home for the first time, seeking the counsel and help of an experienced mortgage broker is critical. A mortgage broker specializing in first-time home buyers can help you negotiate a mortgage, find the right home within your budget, and avoid any unnecessary delays or complications.
When it’s time to purchase your first home, taking care not to miss any steps can help smoothen the process and save your money and time. Finding the ultimate checklist can help you remember all necessary steps and expedite the process of buying your first home.
Getting your first home is a huge financial decision, and as such, finding ways to fund your investment is crucial. Finding the deposit, qualifying for a mortgage, and making consistent monthly payments are all critical aspects to consider.
A home is one of the most valuable assets you can own financially and on a sentimental level. However, the process of buying a house can be long and tedious, and that's why many first time home buyers make mistakes.
- Tips for Saving the Down Payment You Need to Get a First-Time Home Buyer Loan
- Avoidable Mistakes People Make with Their First-Time Home Buyer Mortgage
- Do You Automatically Qualify for FTHBI When Buying Your First Home?
- What To Know About First-Time Home Buyer Loans
- What Documents Will You Need to Get a First-Time Home Buyer Mortgage?
- Contact Us for More Information On Mortgage Broker Services