Buying your first home, explained properly
No jargon and no pressure. Just a clear picture of what you can afford, what you'll need, and what happens next.
Your first-home checklist
- Know your comfortable monthly payment before you shop
- Save for the down payment plus about 1.5% for closing costs
- Keep 90 days of statements showing where your funds came from
- Get pre-approved so your offer is taken seriously
- Avoid new loans, car payments or job changes before closing
- Budget for a lawyer, inspection and moving costs
See what a payment could look like
That's 20.0% of the purchase price. The minimum down payment at this price is $30,000 (5.5%).
Estimated monthly payment
$2,519
Mortgage amount
$440,000
Common first-time questions
How much do I need for a down payment?
It depends on the purchase price. Under 20% down is possible on an owner-occupied home, but mortgage default insurance gets added to your mortgage. We work out the best balance for your budget.
Does a pre-approval hurt my credit?
A single credit check for a mortgage has a minimal, short-term effect. Multiple unnecessary checks are what to avoid, which is part of why working with one broker helps.
What does this cost me?
On most residential mortgages, the lender pays the broker. You get the advice and the shopping at no direct cost. If a file ever involves a fee, you'll know upfront and in writing.
How long does the whole process take?
A pre-approval can often be done in a day or two. Once you have an accepted offer, a straightforward file is typically finalized within a week.
Not sure where to start?
Send me a message and we'll figure out your first step together.