Nobody ever dreams of living in a house where they’ll have to pay rent forever. Every person, regardless of age, dreams of owning a home at some point. However, achieving those dreams usually seems impossible for most people because of the large investment required and inaccessible funds for aspiring homeowners. Getting a mortgage as a first-time homebuyer isn’t a simple process. You must think about the repercussions the venture will have on your future finances and select a mortgage broker carefully.
Our brokers are experienced in helping first-time buyers own their houses. We will explain all the options applicable to your case and explain the process systematically. Since one of the most important factors when buying a house is the home to value ratio, we will help you calculate it and all the costs to get you the most affordable solution. We insist that you should never take a mortgage that takes up more than 40% of your salary. The housing bills should never cost more than 32% of what you generate every month. When calculating your costs, make sure you include charges that could be hidden, such as taxes and maintenance costs.
Our brokers will ensure you enjoy all the benefits associated with professional mortgage services, such as First Time Home Buyer’s Tax Credit and multiple mortgage options. We will help you choose properties based on your income and the total costs to ensure you buy a house you can afford comfortably. Our brokers know how to interpret all the mortgage conditions accurately to determine how they can affect your present and future financial plans. We can even help you with pre-approval to ease the process as you look for the right house.