First-Time Home Buyers in Oakville
When you feel ready to buy your first home, there’s only one name you should know, and that’s eMortgage Solutions.
Our team of first-time buyer mortgage specialists is skilled, experienced, and knowledgeable, and ready to find and negotiate the best mortgage rates and terms for your circumstances. There is a wide selection of first-time home buyer discounts in Oakville that you may be eligible for, and we’re happy to answer any questions you may have about them.
Make sure you’re well-advised before making a significant investment like buying a home. Call our first-time mortgage professionals now at (416) 258-0156 to be able to make an informed decision.
What Programs Are Available for First-Time Home Buyers?
If this is your first time shopping the housing market, the government has made discounts available to you through the following programs:
- First-Time Home Buyer Incentive (FTHBI)
- First-Time Home Buyers’ Tax Credit (HBTC)
- Home Buyers’ Plan (HBP)
- GST/HST New Housing Rebate
- And even more!
Every one of these programs provides financial aid in their own way. Speak with our experts to find out if you’re eligible.
What Are the Pros and Cons of First-Time Home Buyers Programs?
First-time home buyer discount programs are, without a doubt, a great resource to have when it comes time to purchase your first home as a family. Nevertheless, eMortgage Solutions believes it is essential for you to be well-informed on the multiple benefits as well as the pitfalls.
Pros
- Access to an otherwise too expensive housing market
- Financial assistance with down payments
- Up to 10% interest-free mortgages
Cons
- Loss of equity interest in your home
- Increases in home value could mean more money owed
- Financial eligibility clauses and investment restrictions
How Do You Qualify for First-Time Home Buyer Mortgages?
If you’re wondering if you qualify for a first-time buyer mortgage, we will help establish whether you do or not. As long as you have not previously owned any property in the last 4 years, and have a family income sum below approximately $120,000.00, you may be eligible. Other qualifying criteria includes the following:
- Proof of employment
- Stable, consistent income
- Good credit score
- Minimum 5% down payment upfront
Our mortgage professionals can help you gather all the necessary documentation and check your credit score before shopping for a mortgage.
Which Loan Is Best for First-Time Home Buyers?
When you’re a first-time home buyer, we understand the housing market and mortgage terms can seem daunting. For this reason, our team vouches to be with you every step of the process.
We’ll help you explore the best mortgage loans for you, as it varies significantly depending on the criteria mentioned above. Get in touch with us, and we’ll be happy to answer any questions and address any concerns you may have.
Find the Best Mortgages for First-Time Buyers in Oakville
With eMortgage Solutions, discovering the top mortgage rates and terms for first-time buyers is simple. Our team is highly qualified and has a record of success for making our clients happy with our exceptional service and cost-effective mortgage opportunities.
Connect with our first-time mortgage specialists now by calling (416) 258-0156. We’ll set up a no-obligation consultation at the earliest convenience to get you started on the right foot.
