Thinking About Buying Your First Home?

When you start thinking about buying your first home it can be exciting and overwhelming.  I remember when my husband and I were considering our first home I thought “if others around us could do it, maybe we could.”

Buying a home is probably the biggest investment you will make in life and one that has a tremendous feeling of accomplishment. Goal setting and financial planning are important steps in getting the home you want.

Experts such as Mortgage Brokers, Financial Advisors, Realtors, friends and family who are home owners – all of these are a great resource for information.  You can start working with Mortgage Brokers and the bank to create a financial plan years before you purchase a home.

Another great resource is Canada Mortgage and Housing Corporation (CMHC).  They can provide you with mortgage loan insurance, protecting you with a down payment of 5%-20%. It is important to note that your own resources, such as savings and RRSPs, even gift down payments from immediate family are also acceptable for a down payment.

For more information contact  me, your bank and refer to www.cmhc.ca.

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