Buying your first home is exciting, but it can also feel overwhelming when you are trying to understand your down payment, monthly payment, closing costs, lender requirements, and approval conditions all at once.
At Sunlite Mortgage, we help first-time home buyers compare mortgage options, understand what they can afford, and move through the approval process with a clear plan. Instead of guessing what a bank might approve, we review your income, down payment, credit, debts, property plans, and available programs so you can shop with confidence.
Whether you are buying in Ontario, British Columbia, Alberta, Nova Scotia, New Brunswick, or Prince Edward Island, the right mortgage strategy can help you avoid surprises and make a stronger buying decision.
Every first-time buyer wants to know how much they’ll need — not just for their monthly payment, but for the entire cost of buying a home. While the exact numbers depend on your income, down payment, and current debts, we’ll walk you through the process so you understand the full picture upfront. With Sunlite, there are no surprises — just clear answers, guidance, and support from beginning to end.
That journey starts with pre-approval — the foundation of a confident buying plan.
Once you have your pre-approval, we’ll run the numbers with you. If you’re considering a major purchase before closing, we’ll calculate whether it fits and let you know the maximum payment you can afford while still staying qualified for your mortgage. This way, you’ll make smart choices and avoid surprises that could delay or jeopardize your home purchase.
We’ll keep you informed every step of the way, anticipate issues before they arise, and solve problems proactively — so you can move toward closing day with confidence and peace of mind.
Our tools aren’t just about numbers — they’re designed to make the process clearer, simpler, and less stressful:
These tools give you clarity, while our advisors provide the reassurance. Together, they ensure your journey to homeownership is smooth, informed, and stress-free.
Closing costs usually range from 1.5% to 4% of your purchase price, depending on your province and property. We’ll review every item with you upfront — including legal fees, property transfer tax, title insurance, and adjustments — so there are no surprises.
Yes, and many first-time buyers do. The FHSA gives you tax-free savings, while the HBP lets you withdraw up to $60,000 tax-free from your RRSP. Combining them can help you build a stronger down payment faster.
Large purchases can change your debt ratios and affect your approval. Before making any major purchase, we’ll run the numbers with you and let you know the maximum payment you can take on without risking your mortgage.
That depends on your down payment, debts, and the property you want to buy. Lenders use income-to-debt ratios to assess affordability. With a pre-approval, we’ll calculate your exact budget and show you what fits.
Cash back mortgages provide funds at closing that you can use for legal fees, moving expenses, or furnishings. They don’t replace your down payment, but they ease the pressure of upfront costs.
