First Time Home Buyers.
First time home buyers deserve a great partner to make homeownership become reality. Ideally, you want to have a pre-approval in hand so that you can confidently search for your dream home. We have access to great mortgage products and low rates in Ontario and British Columbia.
Despite being turned down elsewhere, you may be approved based on sufficient equity. This means that regardless of less than perfect credit, unverifiable income, inconsistent income, or elevated debt service ratios, you might be approved.
Say you do not qualify for prime financing, however have a 20% down-payment. We can possibly have you approved with another financial institution that has less stringent underwriting requirements. Mortgage lenders will provide financing if you are not determined to be a ‘AAA’ borrower. Perhaps your credit score was a few points lower than your bank’s minimum requirement, or your debt service ratios are higher than required. This does not mean that you cannot become a first time home buyer, quite the opposite.
For more information on land transfer tax refunds for first time home buyers, click here.
Whether you’d like to discuss a general inquiry or obtain a mortgage pre-approval, get in touch with us anytime!
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