First-Time Home Buyers
First time home buyers in kelowna
We know your first time can be nerve wracking. You might be scared. Unsure. You don’t know what to expect. But as with all firsts (first date, first kiss, first baby…) buying your first home in Kelowna can be pretty exciting, too. The Heather Contant Mortgage have the experience to guide you through your first home purchase in Kelowna. From what to where to when to buy, we’ve got you covered.
Take advantage of our deep mortgage experience.
And lower rates, of course.
We’ve been doing this mortgage thing for quite a while (to the tune of over $19B in funded Canadian mortgages, in fact). And unlike a bank, our non-commissioned Heather Contant Mortgage broker have the freedom to check with all lenders to get you the best rate for your situation. Plus, our volume allows us to pass along a rate discount, which can add up to thousands over the life of your mortgage.
Talk to us — we make it easy, and there’s no cost and no obligation. It’s literally a no-brainer. Or simply apply now for a fast response and unbeatable mortgage advice.
What Our Cleints Are Saying
Heather was very professional and responsive to our requests. We really appreciated the time she took to sit down and determine what we were looking for in a new house. She had great inventory prepared for us to view on top of the houses we had identified to her. She was always prompt in her response to our questions and kept us up to date with changes in the status of properties.
We would definitely recommend Heatherto anyone relocating to Kelowna and we’ve suggested her name to a few people already.
Heather was very professional and responsive to our requests. We really appreciated the time she took to sit down and determine what we were looking for in a new house. She had great inventory prepared for us to view on top of the houses we had identified to her. She was always prompt in her response to our questions and kept us up to date with changes in the status of properties.
We would definitely recommend Heatherto anyone relocating to Kelowna and we’ve suggested her name to a few people already.
First Time Home Buyers'
Checklist
Are you thinking about buying your first home? We’ve compiled everything you need to know into a handy checklist. Don’t buy your first home without it!
BONUS – HOME BUYING MISTAKES TO AVOID
Learn what not to do when it comes to you First Home Mortgage (fun fact – many buyers do these things which ends up complicated their mortgage buying experience
More than great rates, the type of mortgage you get really matters.
See an ultra, ultra low rate on the web? Guess what? The mortgage that comes with it may trap you with higher penalties or restrictions that cost you more money in the long run or at renewal time. For your first mortgage, it’s important to get the right fit at the best rate so that it works for you over the long term.
That’s where we come in — we know mortgages inside and out and can find the right one for you. If you go to your bank, you’ll only get what they offer. We can check with all of them (plus our own THINK Financial) which means you can sleep easy knowing that you didn’t miss out on a better option.
Need cash upfront? We can offer Cash Back Mortgages on both variable and fixed rates. Ask us if this option is right for you.
Your very first home is exciting, yet intimidating — here's how we make it easy.
Besides being a big commitment, it may be the single most important financial decision you’ll ever make. That sounds hard, but we make the process easy and smooth, while saving you a pile of cash:
- We have a new first-time guide coming for great info and tips!
- See your numbers with our designed-for-you mortgage calculators and other helpful tools.
- Apply online easily. Our form quickly funnels your questions to target your situation, and tells you what info you need to provide. Hit ‘submit,’ and we get back to you shockingly fast.
- Or, connect with us at one of our store locations or over the phone.
- Get an expert broker who can help you in your preferred language.
- Know that you’ll get the best rate and mortgage fit, with unified, expert brokers who do all the haggling for you (we’re very competitive on your behalf).
- Understand the difference between a variable and fixed rate, and what payment type you should start with.
- Get a real person who helps you, right to the end. In fact, we’re with you when you first walk through your own front door (just kidding, but we’re with you in spirit, doing a dance of joy).
Your first mortgage — there are programs
and rebates to help.
We have great advice that may help soften the financial blow of your first home. With higher entry prices, especially in larger-centre markets, there are federal and provincial programs and rebates available:
- First Home Savings Account (FHSA) offers a tax free way to save and withdraw funds towards your first home down payment and buying cost.
- RRSP Home Buyers Plan (HBP) allows you to borrow from your savings to put towards a down payment, interest free.
- First-Time Home Buyer Incentive program provides federal funds to top up your down payment.
- Federal First Time Home Buyers Tax Credit that can provide up to $1500 to put towards closing costs.
- Other federal and provincial tax rebates that may provide extra funds towards closing costs and GST/HST relief.
Feel free to talk to us even before you want to apply, to get the info you need. Then, when you’re ready, we’ll check with the lenders on your behalf and take you through all the options for your best financing solution. You’ll get your mortgage approved at the best rate and most flexible terms.
You’ll save thousands, giving you the best start for your very first home.
A smoooooth process, from
beginning to end.
It’s your first mortgage, but definitely not ours. You’ll have peace-of-mind knowing that our highly-trained brokers use their insights to assist you through every step of your mortgage process, smooth as silk:
- Your Down Payment: When you first buy a home, the amount of your down payment can make a difference, though a borrower may go as low as 5% down if you have an excellent credit history. We can help you look into various strategies and programs to help fund your down payment.
- Your Pre-Approval: We quickly determine the mortgage amount and best interest rate for which you qualify, according to the latest federal stress-test requirements. Most Heather Contant Mortgage pre-approvals come with a 120-day rate hold (depending on the lender) — so when you start house-hunting, you have a good idea of what you can afford plus some time to find the perfect place. And make sure to do this, but not that to help ensure your pre-approval goes all the way to the finish line.
- The Purchase of Your Home: Make sure to include a condition day, and give yourself at least one week to finalize all financing. Don’t forget to use the time to get a home inspection!
- Your Paperwork: Our mortgage broker will explain, in detail, all of the paperwork that the bank/lender requires.
- The Close: All paperwork will be sent to the lawyer of your choice.
When you first walk through your (own) door, you’ll feel the joy of knowing that you got the best mortgage rate and fit, and that we’re always here for you in the future (think mortgage renewal time!).