Securing a mortgage is easier with Mortgage Captain; we have a network of over 50 lenders!

Being a first time home buyer is always a challenging time. On the one hand, you can’t wait to own your first house, which is a big achievement and extremely exciting. On the other hand, it takes a lot of work and many of the decisions you have to make are major ones that involve lots of money. Perhaps the biggest decision there is during this process – other than picking the actual home – is locking down the mortgage.

A first time home buyer mortgage in Ontario isn’t hard to find, per se, but you don’t necessarily want to go with just any lender either. This mortgage will affect you for decades to come, so it’s essential that you get the best possible interest rate and a structure that will accommodate your means. As you’re probably well aware, many people have suffered greatly because they weren’t more careful about this choice.

The best thing you can do is educate yourself about what you can realistically afford. This is important to do before you even begin looking at homes in Ontario so you don’t become tempted to choose one that is clearly out of your price range. Expert advice will help you come to an objective decision about what is going to be in your budget.

Then, to ensure you have the best possible chance of locking down the perfect mortgage, you’ll want to explore as many options as possible. As we touched on above, don’t simply go with the first lender who comes close. Even if a lender meets your terms, it’s still worth seeing if someone can do better.

At Mortgage Captain, this is our specialty. We have a network of over 50 lenders available to work with. If you’re interested in buying soon, give us a call at 613-296-3892.