First Time Home Buyer

Excited about your first home? Let’s get started!

It's always smart to begin preparing early, even if you're planning to buy in a year or more. Buying a home is an exciting journey, and we're here to guide you every step of the way.

Budgeting
Owning a home involves different costs compared to renting or living at home. It's important to ensure these expenses comfortably fit within your monthly budget.

Consider these costs when owning a home:

• Insurance

• Maintenance

• Property tax

• Utilities

• Condo fees

Check out our mortgage purchase calculator for more help!

Additional Costs When Buying a Home
Beyond the down payment, there are other expenses to plan for:

• Lawyer fees

• Inspection costs

• Appraisal (may be required)

• Moving expenses

• Property taxes

• Insurance

Once you know your ideal mortgage payment budget, it will make the pre-approval process smoother.

Pre-Approval
Are you ready to start actively looking for a home? Getting pre-approved is a smart next step.

This involves a detailed review of your application, including income, credit, debts, and down payment.

Knowing your target purchase price simplifies your house hunt and helps narrow down options. Plus, if multiple offers are on a home, a pre-approval shows sellers you're a serious, prepared buyer—boosting your chances of success.

You may also have the option to secure a rate hold during this process if interest rates increase.