Buying your first home can be both exiting and stressful. Let Western Canada Mortgage take the stress away.

You will need a minimum of 5% of the purchase price to use for your down payment in order to get the best mortgage interest rates.  First Time Home Buyers are allowed to use their RRSPs towards the down payment.

Having a mortgage broker work on your behalf ensures that the transaction will run smooth. We will match you up with the lender that best suits your needs while getting you the lowest mortgage rates available.

Western Canada Mortgage has a vast network of solicitors, appraisers, realtors and specialists that know the first time home buyer process. This network combined with our extensive knowledge of the mortgage market will allow for a stress free home buying experience.

Having a pre approved mortgage shows you how much of a mortgage you qualify for while giving you a rate hold for 120 days. The rate hold protects you if rates go up. If rates drop during your 120 day period, you will get the lower rate. With amortizations up to 30 years on conventional mortgages and 25 years on high ratio mortgages, you can control how much of a mortgage payment you are comfortable with.

As soon as  you have an accepted offer on a home, you should call Western Canada Mortgage to arrange for your home loan or mortgage, as you will need to complete the mortgage financing within the time frame written on your accepted offer to purchase.

When writing the offer, choosing a possession day closer to the end of the month, right up to the 1st of the month will save you money on the interest adjustment. Give yourself one week between the accepted offer and the condition removal day to get your mortgage home loan in place.

During this week you will need to work with your mortgage broker to complete the mortgage financing. On conventional mortgages, the appraisal would be ordered at this time. If you wish a home inspection, now would be the best time.

You will need to find a lawyer to handle the transaction. If you don't have one, ask your mortgage broker for a list of lawyers that come highly recommended.

The lawyer will be in touch with you approximately 10 days before your possession date. You will be required to sign documents in their office. This is when all financial matters are completed.

Your realtor will take you through a "walk through" on your possession day to make sure everything is the way it should be and you will be given the key.