First Time Home Buyers
From pre-approval to moving in, the adventure of buying your first home can be daunting. With the help of a good Realtor®, this milestone can be met with ease! Check out the tips below to get started and reach out to any one of our experienced Realtors® for guidance and service you can trust.
BUYER RESOURCES
Be sure to visit our other home buying resources for tips on beginning the journey into your new home!
The First Steps
- Save for your downpayment and closing costs.
- Work with a mortgage specialist to determine how much you can afford for home.
- Check, and if needed, repair your credit score.
- Research you mortgage loan options and rates available to you.
- Get a pre-approved letter from a qualified mortgage specialist before you begin your search.
How to Prepare for Mortgage Pre-approval
- Save for a downpayment.
- Prepare your documents (notice of assessments, T4s, employer letter, bank statements, current payments, etc.).
- Go shopping by contacting your bank financial specialists & mortgage brokers.
First Time Home Buyer’s Incentive
This government offered program offers 5 or 10% of a newly constructed home’s purchase price to put toward a downpayment, or 5% toward the purchase of a an existing home. With no additional monthly payments, this helps to make home ownership more affordable.
For more information, or to speak to a McIntee Sales Rep/Broker, fill out the following form and one will be in touch with you ASAP!