What to Expect

Once you’ve made the decision to buy a new home, the buying process begins with estimating how much you can afford to spend. Here, you can find information on mortgage providers, pre-approvals, and learn more about the mortgage approval process. You can also learn about which mortgage features to look for when choosing your mortgage, as well as the closing costs you can expect to incur when purchasing your new home. If you’re a first-time homebuyer, you can also find out more about the types of grants and programs you may be eligible for. Browse the pages below to learn more about the buying process and how you can qualify for the right mortgage.

How Much Can I Afford?

Mortgage and Purchase Process

Choosing a Mortgage Rate

Mortgage Payment

First-Time Homebuyer

Closing Costs

Before You Start House Hunting

Before you start the house-hunting process, there’s an important step you can take to save you time and make the process smoother: getting pre-approved for a mortgage. A pre-approval determines the home price you can afford which allows you to budget for your home purchase and focuses your home search. With a pre-approval you’ll also be able to lock in a mortgage rate in case rates increase during your home search.


What is a Mortgage Pre-approval?

A mortgage pre-approval is a process that provides you with important information to help you with your home search. When you get pre-approved for a mortgage, you’ll find out:

-The maximum amount you can afford to spend on a home-The monthly mortgage payment associated with your maximum purchase price

-What your mortgage rate will be for your first mortgage term

Applying for a mortgage pre-approval is free and it doesn’t commit you to one single lender. However, getting pre-approved does guarantee that the mortgage rate you are offered by a lender will not change for 120 to 160 days. By “locking in” your rate, you’re protected if interest rates rise while you’re shopping for a home. If interest rates go down during this time, your lender will honour the lower rate.


Start by finding out your approval amount with us, including incentives and programs available for you.

House Hunting

The search for the perfect home begins with the right realtor that can work with your best interest in mind.


We co-ordinate with the bank and lawyer to get your mortgage funds issue in order to buy the home!


Your Lawyer works with sellers, lawyers, banks & many others to legally finalize your purchase.

The 6 Considerations of Home Buying

How Much Can I Afford?

Now that you’ve decided to buy a home, you need to know how much house you can afford. You also need to be aware of the additional costs associated with purchasing and maintaining a property.

There are also a number of factors (such as your income, credit score, your down payment, your debt, etc.) that’ll decide what you can spend and how large of a mortgage you can take on. Check out the pages below to help determine how these factors will affect the size of your mortgage and what you’ll be able to afford.

Choosing a Mortgage Rate

The interest rate you pay on your mortgage will depend on a number of factors. Your mortgage rate isn’t the only thing to consider. You’ll also need to be aware of the various payment options, as well as mortgage terms and conditions that could become costly down the road. Learn how each of these following factors will affect your mortgage and mortgage rate such as: Mortgage Term, Variable vs. Fixed, Terms and Conditions, Prepayment Options, Porting and Assuming Your Mortgage, Skipping a Payment, Cash Back Mortgages, Collateral Mortgages and Prime Rate.

First-Time Homebuyer

Buying your first home can be both exciting and stressful at the same time. It’s also very expensive. You’ll need to start saving for a down payment and the costs that go along with purchasing a home.

If you don’t think you’ll be able to afford a home, the Canadian government offers a variety of incentives for first-time homebuyers. First-time home buyers in Ontario, BC, and Prince Edward Island, for example, can qualify for a land-transfer tax rebate. Read the pages below to find out more about the first-time home buyer tax credits and rebates, grants, and programs available in Canada.

Mortgage and Purchase Process

Learning more about the mortgage and purchase process before deciding on a lender can help you find a mortgage that’s better suited towards your needs. To save some time and help make the process of getting a mortgage smoother, you can get pre-approved for a mortgage. Moreover, home inspections can save you from unexpected and potentially costly surprises. On the pages below, find information on how to make a deposit on a home, submit your mortgage application, and choose the right mortgage provider.

While a mortgage from your existing bank will provide the benefit of managing all your financial services through one provider, a mortgage broker will walk you through the entire mortgage process and negotiate with multiple lenders on your behalf. Use our mortgage and purchase process guide below to learn more.

Mortgage Payment

When finalizing the details of your mortgage, you’ll also need to choose from various mortgage payment options. The amount you pay will depend on the payment frequency and amortization period you choose. You should also be aware of additional costs associated with owning a home, such as home insurance and property taxes. You will need to consider the following: Payment Frequency, Amortization, Determining Your Payment and Additional Monthly Costs.

Closing Costs

One common mistake is overlooking the closing costs that need to be paid at the end of the buying process. While budgeting for your home purchase, you’ll want to have an accurate picture of the additional costs you’ll need to pay. Some of these costs may include land transfer taxes, title insurance, property valuation fees, home inspection fees, and legal fees. Visit the pages below to learn more about the costs that’ll apply to your purchase.

Hey there, are you Purchasing a Home?

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