First Time home buyers (FTHB)

Your dream home is within reach - let us help you get there

First time home buyers

Your dream home is within reach - let us help you get there

Why you should consider choosing a Mortgage Professional?

2-3 min
Brokers have access to a wider range of mortgage products

Mortgage brokers work with a variety of lenders and have access to awider range of mortgage products than you might be able to find on your own. This can be particularly helpful if you haveunique needs or circumstances that may not be met by a traditional lender

 

Brokers can save you time and effort

Applying for a mortgage can be a time-consuming and complex process, and working with a mortgage brokercan help save you time and effort. A broker can handle much of the legwork for you, including shopping around for the best rates and terms and submitting your application to multiple lenders.

 

Brokers can help you get a better deal

Because mortgage brokers have access to a wide range of mortgage products and lenders, they may be able to help you find a better deal than you could on your own. They can also negotiate on your behalf to get you the best possible terms.

 

Brokers can provide expert guidance

A mortgage broker is a professional who is knowledgeable about the mortgage process and can provide expert guidance and support throughout the process. They can answer your questions and help you navigate the various steps involved in getting a mortgage.

 

While it's not necessary to work with a mortgage broker when purchasing a home, they can be a valuable resource for first-time homebuyers and others borrowers who are looking for the best mortgage deal and want expert guidance throughout the process.

The Mortgage Process for First-Time-Homebuyers (FTHB)

The mortgage process can seem complex and intimidating for first-time homebuyers, but it's actually a fairly straightforward process that follows a series of steps. Here's an overview of the process, along with some expectations you can carry when searching for a mortgage broker :

    • Determine your budget: It's important to know how much you can afford to spend on a home before you start looking. Consider factors like your income, debts, and down payment, and be sure to leave some room in your budget for unexpected expenses. 
    • Get pre-qualified for a mortgage: Before you start looking for a home, it's a good idea to get pre-approved for a mortgage with a mortgage professional. This require you to provide documentation such as proof of employment and proof of income, proof of assets, and proof of your down payment amount. This will help the mortgage professional to determine your maximum pre-qualified purchase price 
    • Contact a Mortgage Professional: A mortgage broker is a professional who helps you with the pre-qualification process and will find the best mortgage product for your needs. They work with multiple lenders and can help you compare mortgage rates and terms to find the best deal on the market for your needs. Contact us today to ensure that you are working with someone who is knowledgeable and experienced, and who has a track record of helping their clients get the best mortgage rates, terms and service. 
    • Engage A Real Estate Agent: Once you have your pre-approval and have found a mortgage broker, it's time to start looking for a home. This can involve working with a real estate agent to find homes that meet your needs, and budget, in the area that you want. Please ask us if you need assistance with choosing the right agent for you. We have many great options to recommend. 
    • Make an offer to purchase: Once you've found a home that you wish to purchase, it is now time to make an offer to the seller. This will typically involve agreeing to a purchase price with specific dates and terms and providing a good faith deposit (usually 5% of the agreed-upon price). If the seller accepts your offer, you will enter into a purchase agreement and move on to the next step in the process. 
    • Get a mortgage approval: Now that you've found a home and have a purchase agreement, it's time to get your mortgage approval. This involves working with your mortgage broker and submitting your mortgage application to the lender for approval. You'll need to provide documentation such as proof of employment and income, proof of assets, and proof of down payment.
    • The closing process: Once your mortgage is fully approved, you will need to complete the transaction on the agreed-upon date, and pay the closing costs. Closing costs typically include fees for things like property transfer tax,  title search, appraisal fees, and solicitor fees. After you've paid the closing costs and signed the mortgage documents with your chosen solicitor, you are ready to complete the transaction and you are on your way to owning your new home!

Get the mortgage help you need, right here.

Get the mortgage help you need, right here.

Nikki Hawke
Nikki Hawke
2022-05-31
Darcy is so personable, reliable and always puts his client’s needs and profile at the heart of the work. He goes the distance and is a master negotiator. Sam is a pleasure to work with too. I’ve funded two mortgages with this team and I’m won’t work with anyone else.
Rebecca Andreola
Rebecca Andreola
2022-05-16
Cannot say enough good things about The Mortgage Professionals. We were so happy we had the chance to work with Darcy as our Mortgage Broker. As first time home buyers, we were immediately put at ease by Darcy and Samantha, and knew that we were in good hands. They worked hard for us and we were very pleased with the services. Highly recommend them for anyone needing a confident team working on your behalf that will put you first.
Alexander Hamilton
Alexander Hamilton
2022-04-08
I reached out to Darcy because I was having problems with the mortgage broker I was dealing with. It took no time for Darcy to get the ball rolling on the Mortgage refinance we needed help with. In the span it took him to be introduced to me, to applying and funding the mortgage the individual who I dealt with before has never responded. Darcy and his team are the best around!
Wendy Wallach
Wendy Wallach
2022-03-25
Darcy and Samantha are very helpful and would respond to my questions very quickly (even after what I would think would be office hours). They never made me feel stupid when I would ask my sometimes repetitive questions. They worked hard at getting me the best rate for my mortgage. My friends are always amazed at the rate they can get me. They are also very friendly and express thanks when I reply quickly. Thank you , Darcy and Samantha
Genevieve Deacon
Genevieve Deacon
2022-02-07
Would recommend to family and friends, no hesitation. Darcy and his team are always available for questions and concerns, and they made the entire process unbelievably smooth.
Jeremy Farnsworth
Jeremy Farnsworth
2022-02-04
This is my fourth mortgage with Darcy. He has always been very professional and helpful finding us the best mortgage product and rate.
Duncan Miller
Duncan Miller
2021-11-03
Darcy and his team did an excellent job arranging financing on our first home purchase! They were responsive and they got the job done right in a tight time frame. Would highly recommend them especially in today's competitive markets.
Karly Cook
Karly Cook
2021-10-22
We had an absolutely seamless experience with Darcy and Samantha. Their responsiveness and clarity made it so easy to work with them. Everything was taken care of us from start to finish!