First Time Home Buyers

First Time Home Buyer Information

Purchasing a home is a very big commitment and your mortgage could be the single most important financial decision that you will ever make. Simplifying the process is what we do best at True North Mortgage. We will explain your options and recommend financing solutions to get your mortgage approved at the lowest rate and most flexible terms.

Our knowledge of the mortgage market will enable a speedy, stress-free home buying experience for you. We work with the major Canadian lending institutions on a daily basis and know their mortgage products and terms.

Providing the lowest mortgage rate in Canada and explaining the entire home purchasing process are two of many value-added services we provide.

We assist the first-time homebuyer through every step of the mortgage process:

• The Pre-Approval: Find out the mortgage amount and interest rate you qualify for. Most True North Mortgage pre-approvals come with a 120-day rate hold.
• Purchasing the Home: Make sure to include a condition day; give yourself at least one week to finalize all financing. Using this time to have a home inspection is a great idea!
• Paperwork: Our Mortgage Specialists will explain, in detail, all of the paperwork that the bank/lender requires.
• Closing / Lawyer: All paperwork will be sent to the solicitor of your choice.

Each mortgage application is unique; making it a smooth and seamless process is what our Mortgage Specialists at True North Mortgage do best. Fill out our easy to follow online mortgage application and let us help you make owning a home the experience of a lifetime!!

When you buy a home, you will first need money for a down payment. The amount of the down payment can vary, a borrower may go as low as 5% down if you have an excellent credit history. Down Payment Matters

*Consider starting off small, making sure you do not over-extend your payments*