First Time Home Buyers Mortgage
Enjoy your first home even more with our low mortgage rates
Are you curious about the benefits available to first-time home buyers, and wondering if you qualify as one? Wonder no more! At Anava Financing, we are dedicated to answering all your questions.
Finding the right mortgage for your home can be an intimidating task. You must consider what down payment amount will be affordable, and what the lowest interest rate you can qualify for is. The type and term of your mortgage strongly effect the answers to these questions.
Our experts can guide you through these queries, from your first question to the first steps you take inside your new home.
Your dream home is now within your reach
Let us help you buy the home you’ve always wanted. Our expert brokers will be in touch and guide you through the entire process.
We’re at your service! From the beginning till the end.
Before you welcome yourself into your new home, you must go through the necessary steps involved in a first time mortgage:
DOWN-PAYMENT
As a first-time homeowner, the amount of money you put down as your down payment can decide a lot of things for you. With great credit history, your down-payment can be as low as 5%. However, there are also programs and rebates available at your disposal to make that easy for you.
PRE-APPROVAL
After submitting your application, we look into the mortgage amount and the interest rate that you qualify for, and provide you with your pre-approval. This will help you find the right house within your budget. Need help with local realtors? We have experienced in house Realtors to assist you with your home search.
PAPERWORK, AND MORE PAPERWORK
As promised, we’re here to guide you through the whole process. Our brokers will thoroughly explain all the paperwork and documentation required by your lender.
GST/HST HOUSE REBATE AND LAND TRANSFER TAX REBATE
can also help you save on your first-time home purchase.
FINAL STEP
Once you have settled on a house and want to purchase, be ready to commit! When deciding on a closing day, give yourself at least a week to finalize financing.
RRSP HOME BUYERS PLAN (HBP)
allows you to withdraw funds from your RRSP investments towards your down-payment without being taxed for it.
FIRST TIME HOME BUYER INCENTIVE PROGRAM
that provides federal funds to help you add to your down-payment.
IT’S TIME TO PURCHASE!
Once you have settled on a house and want to purchase, be ready to commit! When deciding on a closing day, give yourself at least a week to finalize financing.
