First Time Home Buyers Mortgage in Ancaster, Ontario
I have over 19 years of experience working with all types of financial institutions, investing in property and helping secure new properties for families. I guarantee you will be surprised with my creative and professional approach to home buying.
First Time Home Buyers
As a first time home buyer, you are probably new to the process of buying a house and financing it. A mortgage is a loan that allows you to buy real estate by borrowing money from a bank or other financial institution. It's basically an agreement between you and the lender for them to pay back what you owe them with interest over an extended period of time. Getting approved for one can be challenging due to various factors such as credit history, income level and employment status.
When looking into mortgages in general there are many things that come into play. Different lenders will have different requirements based on their own policies which can make finding out what works best difficult at times because there isn't always clear information available regarding these rules set forth by each individual bank/lender who provides services such as loans."
Buying your first home is a major life change, and we want to help you make it happen! We have Mortgage Agent Marisa Nguyen who will make sure you get the best mortgage for your needs. You'll never have to worry about being approved for a mortgage again because she has a whole team who will help you process your mortgage. According to a recent study, the average first-time homebuyer spends three months of their life researching and applying for their mortgage. We can help you save that time and be approved to start looking for your dream home.
What is the right mortgage for you?
There are two main types of mortgages: fixed rate and variable rate. A fixed-rate mortgage is one where the interest rate stays the same for the entire term (usually 25 years). This means that you know exactly how much you’ll be paying each month, but it also means that if interest rates go up, so will your monthly payments. A variable-rate mortgage changes with movements in base rates and can save you money if rates fall.
However, there is no “best” mortgage type; what works best for you depends on factors like how long you intend to stay in your property, whether or not you want any flexibility in changing your repayment terms and what kind of deals are available at different times.
Is now the right time to get a mortgage?
It's a good idea to start looking into getting a mortgage before you know you're going to buy a house. This will give you time to shop around, compare rates, and figure out what kind of mortgage fits your needs. But once you've found the right home for your family and are ready to put in an offer, there are still some important factors that will affect how much money you'll need as a down payment:
- Your credit score
- Your income
- The current interest rate environment (which is influenced by market conditions)
- The type of mortgage product that works best for your situation (for example, fixed-rate vs adjustable-rate)
With electronic access to over 50 lenders we will ensure that you receive the best mortgage rate for the product of your choice.
Marisa Nguyen offers First Time Home Buyer Mortgage and other Mortgage Services with the best mortgage rates available to clients across Ancaster, Hamilton, Burlington, Niagara Falls, St. Catharines, Guelph, Milton, Oakville, Mississauga, Brantford, Grimsby, Kitchener, Niagara on the Lake, Toronto, Simcoe, and Port Dover, Ontario.