First Time Home Buyer Mortgages

Navigating the process of financing your first home can feel daunting and overwhelming. Money Frog Capital comprises a team of reputable mortgage professionals ready to assist you in qualifying for financing.

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First-Time Home Buyer Mortgage - Money Frog Capital

Embark on Your Journey to Homeownership

Low Interest Rates

Swift Approval Process

Professional and Courteous Service

Guidance with Government Incentive Programs

Affordable Services

Our team is committed to working through our database of quality lenders to help you find the best rate on your commercial mortgage

Professional Team

Commericial mortgages take special expertise. When you work with our team, you can be confident in their knowledge to help you and your business

Quality Solutions

Whether you need a commercial mortgage to invest in your storefront, warehouse, or industrial land, we help to find the right solution for you

Fantastic Interest Rates

Don't pay more than you have to. We will always strive to find you the best possible rate for your commercial mortgage.

Considering Purchasing Your First Home?

Have you made the decision to take the exciting step towards homeownership? Congratulations! However, before diving into home browsing and interior decor decisions, obtaining pre-approval for a mortgage is essential. It's crucial to understand that pre-approval differs from pre-qualification. While pre-qualification offers an estimate, pre-approval establishes a firm agreement with your lender. If you're ready to purchase your first home, reach out to Money Frog Capital today for pre-approval on a first-time home buyer mortgage.

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Eligibility Criteria for the First-Time Home Buyer's Incentive

Qualification for the First-Time Home Buyer's Incentive

Must be a Canadian citizen, permanent resident, or a non-permanent resident authorized to work in Canada legally.

Must provide a minimum down payment (5% for the first $500,000 and 10% for any value exceeding $500,000). Unsecured loans cannot be utilized for the down payment.

Must have a combined total income of $120,000 or less (subject to minimum requirements specified by lenders).

Borrowing limit is capped at four times your income.

Mortgages must be eligible for mortgage insurance from CMHC, Canada Guaranty, or Genworth.

Property must be situated in Canada and suitable for year-round habitation.

In case of a joint purchase, at least one individual must qualify as a first-time home buyer as per the defined criteria.

Top Mortgage Broker for First-Time Home Buyers

For those seeking their inaugural home purchase in Oakville, reach out to us today to apply for your First-Time Home Buyer Mortgage. Our courteous and professional mortgage brokers will guide you through each stage of the process and address any queries you may have, alleviating the stress associated with securing your first mortgage.

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How First-Time Home Buyer Mortgages Can Benefit You?

Access to Low Interest Rates

Investment Assistance

Expert Advice

Clarity on Affordability

Tailored Mortgage Solutions

Equity Building for Future Borrowing Opportunities

Frequently Asked Questions

How reliable is a Mortgage Broker?

Mortgage Brokers are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs. Mortgage Brokers primary expertise is locating funding for mortgage financing. They know where the best rates can be found. What’s more, they have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing.

Other than rates, why should I use a Mortgage Broker?

In addition to rates, because mortgage-based financing is the broker’s primary business, he or she has developed expertise in what type of mortgage financing each lender prefers to pursue. This kind of knowledge not only results in the most favorable rates for each project, but often whether a project is funded at all.

How do Mortgage Brokers Find Superior Rates?

Interest rates are a concern to borrowers. Because of their daily contact with lenders, brokers know which project or home attracts a favorable interest rate from one institution, but a higher rate at another. Some institutions, in fact, will only accept mortgage submissions from mortgage brokers. These rates, and preferences for types of mortgages, can change daily, depending on economic circumstances or based on the size of an institution’s portfolio in a particular type of mortgage. Your Mortgage Broker keeps current and knows which lender to approach first. As a result, mortgage rates obtained by Brokers are among the best available at the time of placement.