Buying a home in Toronto – especially as a first-time homebuyer – is no easy feat. It’s a big process, and there is a lot to consider before you jump into the market. Read this handy primer on mortgages for first-time homebuyers, and you’ll have the keys to your new home in no time.
Going Through Your Mortgage Pre-Approval Process
Most first-time homebuyers think obtaining the services of a realtor is the first step in the home buying journey; that’s incorrect. The very first thing you should do is get pre-approved for a mortgage. Getting pre-approved will tell you how large your purchase price can be, which will give you a concrete idea of what type of homes you could buy. Continue reading