Buying a Home in Canada
Buying a home is a milestone for anyone and it’s important to have experienced people helping you every step of the way.
As a specialized mortgage broker, it's my job to help you understand the costs, your loan, and help you get the best rates.
A friendly face, a long lasting relationship
In Canada, there are many available programs and mortgage products that can help you meet your goals. A mortgage broker is a certified individual that can help you understand rates, loan terms, and legal terms. You can always buy direct from a lender, but what happens if another lender has a better offer?
That lenders employees work for them, not you.
With TMG's vast network of lenders, I can save you the time of checking around. A broker is your one stop shop.
Taking the steps towards buying a home
The home buying journey has a few simple steps that you’ll need to complete regardless of your situation or property you want to buy.
Step 1 - Get your pre-approval
Step 2 - Shop for homes with your realtor
Step 3 - Buy your home
What do I need to know?
GETTING APPROVED STARTS HERE
Understanding the Approval Process
Many people will make it look like this is a daunting and scary process, I am here to tell you it isn’t. The worst that can happen is that you have to wait a little longer to qualify for a mortgage, but in the end, you will buy your home.
GETTING THE BEST RATE
Understanding Mortgage Rates
Understanding mortgage rates is easier said than done. I have put together some handy and helpful information to help you understand what mortgage rate will be the best for you as well as why sometimes “the best rate” isn’t the one.
THE COSTS OF BUYING A HOME
Understanding Closing Costs
Now that you understand the basic process of a mortgage, you will also want to know that there are some additional costs that are not included in your mortgage. These additional costs are better known as “closing costs”, which are one-time payments that you will need to have in the bank before you close on a property.
THE COSTS TO GET OUT
Understanding Mortgage Penalties
Understanding how mortgage penalties work before you choose a mortgage/term is crucial in making sure you don't, or at very least limit, any potential penalties later. Any perceived savings up front can be wiped out very quickly with a penalty.
THE SURPRISE AT THE LAWYERS
Understanding Property Tax Adjustments
Understanding the property tax adjustment options before choosing your mortgage lender is important. This is sadly a surprise bill for too many home buyers who are not properly advised. BrokerYEG clients get this reviewed before choosing their lender.
THE EXPERTS IN HOME FINANCING
Understanding What a Broker Does For You
Tired yet? There's a lot of info I know but the clients of BrokerYEG do not need to worry as we walk you through every step of the home buying process. At no charge to you.
First Time Homebuyer?
There are 3 Government programs to assist you
with saving money and with purchasing your first home.