Purchasing Your First Home
is a very important decision and your home mortgage is the single most important financial decision that you will ever make.

Simplifying the process is what we do best. We will explain your options and recommend financing solutions to get your first home mortgage approved at the lowest rate and terms for you.

Home Buying Guide
Step-by-step guide

STEP 1. Choose your Mortgage
$0 Down Payment
Cash Back Mortgages
High Ratio Mortgages (less than 20% down payment)
Conventional Mortgages (20% or more down)

STEP 2. Get Pre-approved and lock in your rate
(lock-in for up to 120 days)

STEP 3. Choose your Real Estate Agent
Click here to be referred to a local Real Estate Agent
The agent will assist in your home search and draw up the offer to purchase once you have found the home you want.
* Normally when you make an offer a deposit on the purchase is made

STEP 4.
FAX 1-866-407-5702 or Email your documents
*Accepted purchase and sale agreement
*Realtor MLS
*Proof of down payment (3 months bank statements/Gift letter with deposit slip)
*Proof of closing costs (1.5% of purchase price)
*Employment Letter(s)
*Recent Pay Stub(s)
*If Self-employed - (T1-generals/Tax assessments/Business license)
*Other documents may be required in addition if requested by the lender

STEP 5. Mortgage is submitted for approval
Once your mortgage broker receives all the information required, they will then submit your application for an Approval. An Approval is obtained generally within 24-48 Hours in most cases.

STEP 6. Sign your Mortgage Contract
As soon as your mortgage broker receives your approval they will contact you to set up an appointment or email the mortgage commitment, disclosure and other documents to you for your review and signatures. You can choose your payment frequency and make other adjustments. Any additional documents that the lender requires will be contained in the mortgage commitment and must be provided within 10 days prior to closing.

STEP 7. CLOSING (COMPLETION DATE)
A few days prior to closing you will need to meet with your lawyer to sign final documents. Your closing costs and down payment will be due at this time.

STEP 8.
Congratulations, YOU ARE NOW A HOME OWNER!

First Time Home Buyers - Resources and Information

Stratford, Ontario Real Estate. Home Buyers and Sellers Services.
Buying or selling a home in Stratford? Call your Stratford Sales Representative today.

CMHC Home Buyers Guide
Step by step consumer guide and workbook for first time home buyers

First Time Home Buyers Plan
Home Buying Plan that allows you to withdraw up to $20,000 from your registered retirement savings plan (RRSPs)

New Housing GST Rebate
You may Qualify to claim the new housing rebate for part of the GST/HST you pay on the purchase price or cost of building your house...
Home Buyer Warranty
Protection for Ontario's New Home Buyer
First Canadian Title - Title Insurance
Home Owners - Don't Become a Victim of Real Estate Fraud

Home Inspections
Since buying a home is such a big investment, you should get a home inspection done.
Property Assessment
Municipal Property Assessment Corporation