Before you take the leap, it's important to ask yourself a few hard questions. Are you financially stable enough to purchase a home? Can your income sustain a new mortgage payment, taxes, utilities, home repairs... along with other regular life cost? Are you prepared to devote your time to regular home maintenance?

If you're purchasing your primary residence, you may be eligible to put as little as 5% down. The rules change a little when purchasing a home for above $500K, so be sure to contact us so we can go through the process with you.

For the most part, gifted down payments from immediate family is acceptable! Once we get you an approval, we'll provide you with a gift letter template and you'll have to show proof that the gifted funds were transferred.

This is when a qualified mortgage experts reviews your mortgage application and documents, to provide you with an accurate max purchase price number. It's best to start with this, before you start shopping for homes.

Congrats - Now it's time for the fun part! Have your realtor send us over the accepted contract of purchase, MLS & Property Disclosure Statement. We'll be in contact with you for any documents or information required before we can submit your live application to a lender.

This is the #1 question after buyers get an accepted offer. Your deposit is given to the Real Estate Agent Brokerage in trust. It is then held with them until you remove your financing subject. Upon removing subjects, the deposit gets given to your lawyer and will be used towards your down payment. If you collapse your offer before your subjects come off, you get your deposit back.

It's best practice to confirm with your lawyer that they have availability to help you. Then, about 1 to 2 weeks before your closing date, they will give you a call to set up a signing appointment.