When considering becoming a first time home owner, we understand how intimidating it can be. With all the information floating around the web and everyone giving you their opinion we understand you can feel overwhelmed when making one of the largest purchases in your life. We are here to walk you through the mortgage process and make sure you're going to make the best possible decision for your future.

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First time homeowners are eligible to receive a mortgage with just 5% down. This can be a great opportunity to get yourself started, however you will be required to get mortgage default insurance, commonly referred to as CMHC Insurance. This is required on all mortgages that have less than 20% put down.

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There are ways that you can alleviate the financial burdens of trying, that we can get you through. As a first time home buyer you are eligible to receive a tax credit that will be generally applied towards some of the administrative fees. Dipping into your RRSP is also an option that can help defer the CMHC insurance or at the very least bring down the monthly payments. Give us a call or reach out and let's make your home buying experience the best one possible.