First Time Home Buyers

Buying Your First Home

Buying your first home can seem overwhelming, but with the proper planning, you can make your homeownership dreams come true in no time.

Buying your first home is a momentous occasion, but it can also be stressful if you aren’t adequately prepared. Be sure that your finances are ready, and the paperwork is organized so that you can qualify for a first time home buyer mortgage.

At sMp Mortgages, we take pride in our services and offerings for first-time home buyers. We make the process easy for you, so you don’t have to worry about every single detail.

Our mortgage rates are competitive, and we will take you through the process of the first time home buyer incentives from the Canadian government. That way, your home will be more affordable, and you will have more options available to you.

We can consult you on the best steps to take to ensure that your first home purchase is a success.

How to Afford a Down Payment

For the majority of people, coming up with the money for a down payment seems like a daunting process and a challenging aspect for buying a home. At sMp Mortgages, we take this into consideration by providing financial solutions that will help cover your down payment. Every potential homeowner is in a unique financial situation, and we recognize that.

We have the capabilities to assist you with the first-time home buyer’s tax credit, using RRSPs, and navigating land transfer tax rebates. If you are looking for assistance with cashback mortgages, we can help you with that as well. Our ultimate goal is to make the first-time home owning process as simple for you as possible, and we know how to get the job done. We can help you become a capable first-time homeowner and obtain the mortgage that is right for you, as easily and quickly as possible.

Making an Offer

Once you’ve navigated all the financial steps, it’s time to find the right home for you or your family. If you have searched for a home and found one that suits your needs and is in the perfect neighbourhood, you may be wondering what the next steps are.

When you get to the negotiating stage, you don’t need to be intimidated by this process. Be sure to consider the limits of your offer, and don’t allow bidding wars to deter you.

What You Should Include in Your Offer

Since the offer to purchase a home is a legal document, our team at sMp Mortgages would advise working with a lawyer or real estate agent so that you don’t miss anything that is included in the terms. A qualified real estate agent is also able to help you make your offer more specific, like the amount, deposit, closing date, offer expiration or any other conditions.

Contingencies should be included in your offer, such as:

  • Home inspection
  • Financing
  • Insurance
  • Home appraisal

How to Make your Offer Stand Out

During negotiations, you can expect the offer terms to shift; however, your first offer should be the best one. To make your offer stand out, consider the seller’s motivations for wanting to move and check out how long the property has been on the market. You’ll also want to analyze the market and how competitive it is, as well as comparable pricing in the same neighbourhood. Take a close look when you’re going through your potential new home and see if there are any items needing replacement or an upgrade. To get an edge over your competition, be accommodating with the move-in date.

What to Do After Your Initial Offer

For any negotiation, the seller will consider your flexibility and the highest you’ll go with your offer. You can speak with your lawyer or agent about these numbers, but ultimately, the choice is yours to make.

At sMp Mortgages, we make the process of buying your first home as convenient as possible for you. We know that purchasing a house may seem intimidating or challenging, which is why we offer multiple services to help you navigate your options.

Our team of professionals has a combined experience of over 50 years, assisting Ontario residents in finding their dream home. If you choose to work with us, you’ll receive expert advice and guidance to get the best deal on your new home, as well as an effective financial plan.

Feel free to reach out to us at 1-844-MY-PLAN, email us at mortgages@startmyplan.ca, or fill out the contact form on our website.

We look forward to guiding you through the process of making your first home purchase!

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Call Us Now 1.888.416.8607
Once you complete the form, we'll call you to discuss your goals. We'll ask a few questions, go over any questions you have, then provide you with a few no-obligation quotes tailored to your scenario.
Call Us Now 1.888.416.8607
Once you complete the form, we'll call you to discuss your goals. We'll ask a few questions, go over any questions you have, then provide you with a few no-obligation quotes tailored to your scenario.