Your Frequently Asked Questions Answered
Buy with Confidence
Buying your first home can be intimidating, complicated and stressful. Buying your first home is one of the biggest purchases that you will make in your life. There can be a few moving pieces when buying your first home, so it’s important that you work with someone you can trust, is reliable, dependable and accessible when you need them.
How accessible is a mortgage broker vs someone from my bank?
You know how your bank is open from 9-5? When you work with me, you have my cell phone number. That means you can call or text whenever you have a question.
How is a mortgage broker's rate different from the rate at my bank?
Unlike a bank, a mortgage broker has access to rates from all the big banks (and usually lower than what they would offer you if you just walked in), as well as other lenders that only work with mortgage brokers that you probably haven’t even heard of! Big banks might be a fit for some people, but they won’t be for others, and often you don’t find out until it’s too late. But a mortgage broker can find a bank or lender that meets your specific needs and is the best for your unique financial situation.
Should I contact a mortgage broker before I put an offer on a home?
Yes! That’s an even better time to sit down with a mortgage broker! We’ll meet (either in person or virtually) and create a strategy to get you into that first home. This way, everything is set up for you to make an offer, and is less stressful than waiting until the last minute.
At what point in the home-buying process should I contact a mortgage broker?
As soon as possible. In fact, you should contact a mortgage broker before you start your home search because we can tell you how much you can afford and get you pre-qualified. If you’ve already started your search, not to worry, just make sure you get in touch with us before you make an offer!
Can I use RRSPs as part of my down payment (Home Buyers Plan)?
First-time home buyers can use up to $35,000 per person ($70,000 per couple) for a down payment. You have 15 years to repay the amount borrowed to your RRSPs. Some conditions may apply.