Nobody plans on renting the rest of their lives. Every person plans on owning a home. The drawback is owning a home requires a substantial amount of money. For that reason, the dream seems unachievable. On the other hand, mortgages make owning a home a possibility.
All in all, securing a mortgage as a first-time buyer is not that easy. Prior to submitting an application, you must think about the repercussions the venture will have on your future finances. Working with a mortgage broker will help avoid regrets.
Our team is made up of experienced mortgage brokers who are passionate about helping first-time homebuyers get the best mortgage deal and terms. We are happy to explain the available options based on your unique situation. Our broker will also help calculate the home-to-value ratio since this is the most important factor when purchasing a home. We highly recommend that you never take a mortgage that will take up over 40% of your income. Housing bills should be below 32% of your monthly income. As you calculate the costs, include charges like maintenance costs and taxes.
We are here to ensure you enjoy all the advantages that come with getting expert mortgage services. You will enjoy First Time Home Buyer’s Tax Credit as well as several mortgage options. Our certified brokers further help you select a home based on your income and total cost. We ensure that you buy a home that you can afford. We will also interpret mortgage conditions for you and help you understand how they will affect your future financial plans. We also help with pre-approval to give you an advantage while looking for the right house.