Mortgages for First Time Home Buyers

Deciding to buy your first home is such an exciting experience. Finding the right mortgage can be downright overwhelming, if you aren’t sure where to look. Banks may offer you an easy route to financing your first home, but there are thousands of lenders out there. Navigating those alternate options can help you find the best rate for your individual needs. That’s where a mortgage broker comes in.

Why Work with a Mortgage Broker?

Mortgage brokers aren’t like a bank.  We don’t have just one set of products to offer.  We have hundreds of lenders available to us and we can access that information and those offers to help you find the best rates possible.  We can also help to match you with mortgages that offer more flexible payment terms, better incentives, or even deal with more complicated situations like if you’re self employed or have less than optimal credit.

We also spend our days walking people through the process of purchasing a home.  What that means for you is that we have a network of processionals to help you with almost every aspect of your purchase, we also have a wealth of information and insights that can help make the process simpler.

The bottom line is: a mortgage broker has a lot more options when it comes to mortgages for first time home buyers than you would find in a bank.  We are also here to help YOU, so you get to go through the process feeling like there is someone in your corner.

It’s About More Than Just Mortgage Rates

The help that a mortgage broker can give you doesn’t just stop at finding great rates, private lenders and flexible mortgages for first time home buyers.  We also help you to navigate the finer points of mortgages.  We help you source incentives and deals that lenders offer with mortgages for first time homebuyers, as well as help to avoid pitfalls and hidden fees that can be buried in some too-good-to-be-true offers.

We help you avoid issues like finding a sweet mortgage rate online, only to not realize that it’s tied up in fees and restrictions, that render it less than worthwhile. We also help you weigh the pros and cons of variable vs fixed mortgages, explore different amortization periods and help you to learn what all of that means for you.

In short, we can help you not only find a good deal, but also help you to understand the finer points of the offers that you’re considering and help you choose a mortgage that will fit you and your family, well into the future.

How We Help First Time Home Buyers

By now, you’re likely getting a better sense of why many people work with a mortgage broker.  A broker is someone in your corner, who can help you find the solution that will work best for you.  If you’re shopping for a mortgage for first time home buyers, a broker can not only help you access products that wouldn’t be available through a bank, but they can also help you walk through the process, so you can focus on the home of your dreams.

Peter Motem is a licensed mortgage broker in Oakville, Burlington, Milton, Halton Hills and the surrounding areas.  If you’re like to talk about making your first home purchase, or if you’d like to explore mortgages for first time home buyers, drop Peter a line! As a sweet perk, if you end up getting your mortgage through Peter, you’ll be entered into a contest to win a FREE mortgage payment! You can check out all of the details here.