First Time Home Buyers

Save money the first time out — with your great rate and better mortgage. We make it simple.

Your first home? Good thing it's not ours.

Get your best start, with our lower rates and mortgage know-how.

We've been doing this mortgage thing for quite a while. And unlike a bank, our no-commission True North Mortgage brokers have the freedom to check with all lenders to get you the best rate for your situation. Plus, our volume allows us to pass along a rate discount, which can add up to thousands over the life of your mortgage.

Talk to us — there's no cost and no obligation. It's literally a no-brainer. Or simply apply now for a fast response and helpful mortgage advice.

More than great rates, the type of mortgage you get really matters.

See an ultra, ultra low rate on the web? Guess what? The mortgage that comes with it may cost you more money in the long run (through penalties or terms that put you at a disadvantage at renewal time). For your first mortgage, it's important to get the right fit, at the best rate, so that your mortgage works for you over the long term.

That's where we come in — we know mortgages inside and out and can find the right one for you. If you go to your bank, you'll only get what they offer. We can check with all of them (plus our own THINK Financial) which means you can sleep easy knowing that you didn't miss out on a better option.

Your very first home is exciting, yet intimidating — we make it easy.

Besides being a big commitment, it may be the single most important financial decision you'll ever make. That sounds hard, but our expert brokers make the process easy and smooth, while saving you a pile of cash.

We've designed amazing tools, like our mortgage calculators, to help you see the numbers for yourself. And our easy online application form quickly walks you through the process, funneling your questions to target your situation. When you hit 'submit,' we get back to you fast — and then you're on your way to your best first mortgage.

We do all the haggling for you (we're very competitive on your behalf), outline everything you need, and help you right to the end. In fact, we're with you when you first walk through your own front door (just kidding, but we're with you in spirit, doing a dance of joy).

Your first mortgage — programs and advice to help.

As soon as you're thinking about owning for the first time, talk to us or walk into one of our True North Mortgage store locations right away for great tips and advice that may help soften the financial blow.

With higher entry prices in some larger-centre markets, we can guide you through the available tax credits, down payment strategies and the federal First-Time Home Buyer Incentive program, all aimed at helping you enter the real estate market.

When you're ready, we'll check with the lenders on your behalf, take you through all the options and then recommend the best financing solutions to get your mortgage approved at the best rate and most flexible terms.

You'll save thousands, giving you the best start for your very first home.

Need a real estate agent? We can help with that too — with referrals based on our long-standing, trusted relationships within the industry.

A smoooooth process, from beginning to end.

It's your first mortgage, but definitely not ours (in fact, mortgages are all we do, unlike banks). You get peace-of-mind knowing that our highly-trained brokers have the insights to assist you through every step of your mortgage process, smooth as silk:

  • Your Down Payment: When you first buy a home, the amount of your down payment can make a difference, though a borrower may go as low as 5% down if you have an excellent credit history. We can help you look into various strategies and the federal First-Time Home Buyer Incentive program to help fund your down payment.
  • Your Pre-Approval: We quickly determine the mortgage amount and best interest rate for which you qualify. Most True North Mortgage pre-approvals come with a 120-day rate hold (depending on the lender) — so when you start house-hunting, you have a good idea of what you can afford plus some time to find the perfect place.
  • The Purchase of Your Home: Make sure to include a condition day, and give yourself at least one week to finalize all financing. Don't forget to use the time to get a home inspection!
  • Your Paperwork: Our mortgage broker will explain, in detail, all of the paperwork that the bank/lender requires.
  • The Close: All paperwork will be sent to the lawyer of your choice.

When you first walk through your (own) door, you'll feel the joy of knowing that you got the best mortgage rate and fit, and that we're always here for you in the future (think mortgage renewal time!).

Your easy application form is right here.

Resources you may find useful

First-Time Home Buyer Incentive

First-Time Home Buyer Incentive

The First-Time Home Buyer Incentive is a program by the Canadian Government to help first-time…

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Proof that our rates are lower.

Proof that our rates are lower.

Recently, one of Canada's three large mortgage insurers shared rates data with us on completed…

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5-Star Reviews

5-Star Reviews

When you charge people nothing, save them thousands of dollars, AND make the whole process…

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Pre-Qualify in Minutes

So you've started house hunting, but what can you afford? Find out and hold the…

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Credit 101

Your credit is a big piece of the puzzle—it affects your rate and product choices.…

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Newcomers to Canada

Are you a Canadian living abroad, or a non-Canadian citizen hoping to purchase a property…

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Your Income

Annual income is the main factor in determining the mortgage amount for which you qualify.…

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Down Payments

With as little as 5% of the purchase price down, you can be on your…

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RRSP Home Buyers Plan

Buying your first home? You can use your RRSP’s as a down payment. Save with…

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Purchase Plus Improvements

You’ve fallen in love with a home, but it needs work. We can help you…

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CMHC and Sagen

If your down payment is less than 20% of the purchase price, you’re required to…

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Housing Stats

We have the statistics to help you understand Housing Market trends in your area, and…

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Land Transfer Tax (LTT)

Unless you live in Alberta, Saskatchewan, or rural Nova Scotia, a Land Transfer Tax (Property…

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Mortgage Protection Insurance

Your home; it’s likely your biggest asset. Know the best way to protect your mortgage.…

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Mortgage FAQ's

There’s a lot to know about the mortgage process (of course, we make it much…

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Credit FAQ's

Your credit is important in getting a mortgage — here are some quick facts you…

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