New Home Owner? Get Your First Mortgage with 8Twelve

First time home buyer

Start on the home buying journey by taking the right steps to ensure success.

 
 

First-time homebuyers are probably the group of people who would benefit most from getting professional mortgage advice.

We specialize in the kind of education that can help get new homebuyers avoid missteps and confidently start the home-buying journey.

Buying your first home is a huge financial decision and there is a lot to think about. It's one of the most important financial decisions that most Canadians will make in their lifetime. Getting advice just makes sense.

Benefits of working with an 8Twelve Mortgage Broker

  • We have access to the best available rates
  • We work for you and not the banks
  • We are flexible and dedicated to your success
  • We can help with tough decisions
  • We can recommend solutions you might not be thinking of
  • We walk you through the process of financing your first home
  • We have access to multiple lenders
  • We can negotiate on your behalf

Are you ready to buy a home?

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We can help

Take advantage of today's low rate environment with help sorting through all of the available options.

Your Mortgage Consultant will help get you the right combination of mortgage features, privileges, flexibility and rate that is best matched to your needs. The right mortgage goes beyond just the rate--it's important to also consider term, prepayment options, refinancing penalties, restrictions, and fees.

The industry recognizes that mortgage debt is ‘smart' debt:

–in that it is a tangible, lower risk investment fully backed by assets.

We will help you determine how much home you can comfortably afford – even before you start your search for your new home.

Having a realistic budget to start will bring you confidence, knowing that you are not overextending yourself. Remember that home ownership involves costs beyond the monthly mortgage payment such at utility bills, insurance, taxes, home upkeep, and we can help you figure this out. You may want to be pre-approved, which guarantees the interest rate, and adds confidence to your negotiations.

What you need

Down payment is one of your most important considerations before you look to purchase your new home. If you're in the "saving up" stage of preparing for home ownership, this is a great time to meet with us so we can discuss your down payment options. In most cases you want to save five percent of the purchase price.

There are a few options to consider for first-time homebuyers who may have smaller amounts to start:

The Home Buyers' Plan (HBP)

First-time homebuyers can withdraw individually $25,000 or $50,000 with a spouse tax-free from their RRSPs, provided they adhere to the repayment plan.

Gifted down payment from an immediate family member

Can be a source of funds as long as the homebuyer receives in writing that they are not required to pay the money back at any time.

Start off small

The dream house may be priced too high, so a starter home might be the right option for a first-time homebuyer. A smaller home or maybe a house just outside of the expensive area will help get a foot in the door. The homebuyer can take advantage of the low interest rates to pay off the home quicker and use the equity from the first home to buy the dream home later.

You'll need a great team

We'd be happy to help you build a strong away team so that all aspects of your home buying experience are efficient and professional. Your team will include a realtor, lawyer, and a home inspector.

There are additional costs that come with buying a home so you'll need to have some extra funds set aside to cover these costs. Generally, you can expect to pay between 1.5% and 4% of the home's selling price in total closing costs. We can outline all of your closing costs so you won't be caught by surprise.

Your Mortgage Consultant will also provide strategies to help you pay your mortgage off faster and shave thousands off interest costs.

There's so much to consider. Work with your Mortgage Consultant today so you can get into the market and start your wealth building with smart debt! We'll help you get off on the right foot in your home buying journey.

We look forward to helping you achieve your dream of homeownership!

Gary is very knowledgeable at what he does. He went above and beyond to help me get a great rate, I will definitely recommend him to anyone without blinking an eye. You make me feel comfortable during the whole process. I just want to say a big thank you for everything you have done for me and my family
Pat Ejenavi
Gary is definitely a gem in not only the world of mortgages but overall as a person. He goes above and beyond to help and do whatever he can to help. Gary has helped us and went out of his way to make things work. He is kind, smart and has amazing customer service. We highly recommend him to everyone.
Kinga Fronczak
Gary is a fabulous and very knowledgeable. He went above and beyond to help us get a great rate!! We highly recommend him to everyone!! Thank you sooo much Gary for everything you have done for our family!!
Crystal Bridge
I was very happy with the professionalism and courtesy provided to us by Gary and his team in navigating and procuring for us a great deal on a rather large, $215K, 2nd mortgage to help complete our extensive home renovations. Many Brokers will promise and not deliver but Gary and his extensive contacts and experience in this industry enabled us to quickly secure a 2nd mortgage and achieve our goals.
Imran Aslam
Gary's work ethic is fantastic. Not only is he organized, aware and thorough with his clients, he truly does approach each situation with 3 options. I appreciate the fact that he does not rely on one option ONLY to service his clients. This is particularly important at times when the market fluctuates or when things simply happen outside of our control. Gary, you have my highest recommendation.
Ali Abbas
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Download the free 8Twelve home buyer's guide today.

 

How can we help you?

 
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45 Sheppard Ave East, Suite 211, Toronto, Ontario, M2N 5W9, Canada
Brokerage License #: 13072 | Toll Free: 1.877.812.8128


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