Are you tired of paying rent? Do you dream of owning your own home? If so, now is the perfect time to start your journey with a first-time home buyer mortgage. Whether you’ve saved for a down payment or need help understanding mortgage requirements, our team of experienced professionals at Sunlite Mortgage is here to guide you in getting pre-approval—our mortgage calculators can help you calculate your monthly payments and see how much home you can afford. We are here to simplify the home-buying process and help you take the first step toward becoming a homeowner. Give us a call today.
Getting pre-approved for your mortgage is the first step to buying your dream home. It provides you with a sense of security and allows you to focus on homes within your budget. Your Sunlite Mortgage agent will provide guidance, help you calculate your affordability, and explain your mortgage options.
You have the option of a fixed-rate mortgage offering steady monthly payments or a variable-rate mortgage, where payments fluctuate with market rates. If you’re unsure which to choose, we’ll explain the pros and cons of each option so you can make the best decision for your situation.
A mortgage pre-approval allows you to lock in your rate for up to 130 days, protecting you from interest rate increases while you confidently shop for a mortgage. Join the many satisfied clients at Sunlite Mortgage and enjoy a stress-free home-buying journey!
Exciting changes are making homeownership more accessible! New mortgage rules now allow first-time home buyers to buy a property valued at up to $1.5 million, extend their payments with a 30-year amortization, and get CMHC mortgage insurance. This means it is easier to buy in places like Toronto and Vancouver with lower down payments.
With CMHC mortgage insurance, you can qualify with a 5% down payment for homes under $500,000; for amounts above $500,000, a 10% down payment is required for the extra portion. These flexible options make it easier to access a first-time home buyer mortgage.
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