Home Purchase Mortgage Hamilton

Purchase and 1st time Home Buyers Mortgage

Our mortgage agents at Silver Maple Mortgages, can offer the best advice and mortgage rates in Tilsonburg, Brantford, Hamilton, Cambridge and the surrounding areas for new home purchase mortgages and first time home buyer mortgage loans. Call us today for a free consultation on your financial situation.

First Time Home Buyers Mortgage

Buying a home is a big step and may be the greatest investment you will ever make. You need expert advice to guide you through the steps to obtain financing for your home.

Our Mortgage agents at Silver Maple Mortgages can help you with the procedure, explain your options and find a lender who can provide a low rate for your mortgage. Whether you want to minimize payments, pay off your mortgage faster, or have flexible financing, our mortgage agents can provide you with the best advice, since we work for you - not the bank.

If this is your first mortgage, it is important to be fully aware of all the costs involved in purchasing a home. We can help you calculate all your costs and pre-qualify you before you go house hunting. Knowing in advance what these additional “costs” are, over and above the down payment that you might have, will help you plan for a smooth closing and avoid any unpleasant surprises.

First Time Purchasers

Young people often choose condos because of the lifestyle. Generally, these are found close to amenities - like transit, restaurants and shops - plus there is no outside maintenance. Looking back at the increase in pricing for condos, not only in the Toronto area but outside areas including Burlington, Hamilton and Kitchener-Waterloo, it is clear to see that demand has been strong.

First Time Buyer Mortgage

What is required for a buyer to get a first time mortgage? Usually the following:

  • Full time employment or proof of income
  • A Good credit rating
  • Verifiable down payment

Call us, your mortgage agent at (866) 442-0165 for the minimal requirements for your lender. The minimum down payment is usually 5%, subject to maximum price restrictions.

In addition to the 5% you must be able to confirm that you can cover costs incurred to close your mortgage. These costs may include legal fees, appraisal fees, survey certificates and other additional costs.