Pre-approval for a mortgage is highly recommended, especially if you are planning to buy a home for the first time. This will let you know how much money you qualify for and helps eliminate any surprises or problems when closing on your home.
You have a wide range of options including conventional and high-ratio mortgages, closed and open mortgages, short term, long term, fixed rate, variable rate and even specialty mortgages. As highly experienced mortgage brokers, Shannon Parker and Sam Iaquinta of Trilogy Mortgage Corporation O/A The Mortgage Centre will carefully explore your options with you. Find more information on the types of mortgages available.
The down payment amount can vary, but usually represents 5% to 20% of the total price. You have options and we are happy to discuss them with you.
Yes. We always have your best interests in mind. Changes to such things as length of term and repayment frequency can be made. We will take the time to carefully review how making changes will impact your financing.
You can find more information throughout our site, including specific content for first-time home buyers. If you have other questions, please don’t hesitate to contact us.