House prices in Canada are soaring and the country’s millennials are worried they can’t own a home. In the latest survey, more than 72% of them feel that way.

But somewhere else, things are happening with happier results. Mortgage rates are dropping. The job market is improving. These two alone are empowering millenials to take a chance and buy a home rather than rent.

If you are one of these individuals who doubt about home ownership, brace yourself. All it takes to owning a home is careful planning, wise judgment and setting realizable expectations. Here’s what you can do.

Call Us Today +1 866 921 8890

Questions? We’re here to help!

Mortgage Offers

...pick the one thats right for you.

Find Out More

We Pay Your Legal Fees!

When You Close a Mortgage With Us

WE PAY YOUT LEGAL FEES,
$1000 VALUE

Get $1000 Cash Back

When You Close a Mortgage With us

RECEIVE $1000
CASH BACK

$1000 Referral Fee

When They Close a Mortgage With us

REFER A FRIEND AND GET
$1000

Featured Rates

FIXED

LenderRateTerm
Mortgage Lendwise RateLendwise

3.40%

5-Year
Mortgage First National Bank RateFirst National Financial

3.59%

4-Year
Mortgage RMG RateRMG Mortgages

3.29%

3-Year
Mortgage Street Capital RateStreet Capital Bank

3.19%

2-Year
Mortgage TD Bank RateTD Bank

3.19%

1-Year

VARIABLE

TermRate
5-Year Variable

2.75%

3-Year Variable

3.35%

OTHER

TypeRate
Line of CreditStarting at

3.00%

Equity LoansStarting at

5.99%

Private MortgagesStarting at

5.99%

Go Small First

You are a first-time buyer, which means you don’t have equity yet. Established buyers already have equity which they can use as a bargaining instrument. That’s one of your goals – build equity.

For now, all you have is your savings in the bank. If the money there is small, you need not push yourself in order to buy an expensive home. Start small and with something you can afford. Be good at paying your amortizations. Then you can build a good reputation. Once you’re ready with a good equity, you can start thinking about leveling up.

 

Gear Up For The Down Payment

Having the capacity to pay your initial payment counts a lot. If you are ready, it can make you feel confident about pursuing a purchase. If there is nothing there, you will not be able to proceed.

Most people will recommend that you pay 20% of the mortgage as your initial payment. The purpose for this is to avoid paying mortgage insurance. But for most, this is something not achievable. In Canada, the minimum down payment set for buying a house is 5%.

To be repetitious, go smaller. Go with something that will not stress you out or something that might rob you of peace of mind.

Be Clear With The Other Costs

The truth of the matter is there are additional costs to factor in. So, don’t look only on the amount of the entire mortgage and the size of the down payment.

Make sure also that you are ready with your questions when you consult with an expert mortgage broker. You want him to talk to you about many things, but he might just forget to cover everything. So go to him with your questions in the hope that you can cover all the essentials.

Topics to ask the broker of are closing cost, insurance and property taxes.  You want to make sure you will be getting what your budget can afford.

 

Take Advantage Of Refunds And Government Financial Aids

It’s true. The government is behind buyers’ back, especially first-time buyers. Tap onto your RRSP account. It can help you finance your down payment. The maximum amount that it can cover is $25,000 and it is tax-free.

Ask about First-time Homebuyer Credit. That can help reduce taxes you will owe the government out of buying a home. If you are buying in Ontario, avail of the province’s land transfer tax refund as well. In other provinces, this privilege is available, too.

OUR CUSTOMERS LOVE US

My wife and I recently purchased our first place, so we started to look for a mortgage broker. Neither of us really knew what we were doing, so it was important to us that we could find someone who could guide us through the whole process. After some searching we finally stumbled upon the guys at certified mortgage broker We worked with leon and his team, got a great rate and they took their time to explain and guide us through the whole process. Great rates and great service. Would absolutely recommend.
Linderman Beadles
Linderman Beadles
06:16 26 Feb 18
Got tired of sow service and mediocre rates from my bank, so I started looking for a mortgage broker. Had some family friends recommended Leon and his team, so decided to check them out. Was very impressed with Leon, he guided me through step by step, recommended a mortgage and I ended up switching to him. My rate is better and he always answers call and emails right away.
Gina Carroll
Gina Carroll
05:06 28 Feb 18
Was looking for a new mortgage broker, my old one moved so had to find someone else to work with. Didn't really know how to go about it so just started googling. After some searching and talking, decided to go with the guys at certified mortgage broker. No one could match their rates, plus their customer service is honestly some of the best i’ve seen.
Deane Laflamme
Deane Laflamme
04:40 27 Feb 18
My wife and I recently purchased our first place, so we started to look for a mortgage broker. Neither of us really knew what we were doing, so it was important to us that we could find someone who could guide us through the whole process. After some searching we finally stumbled upon the guys at certified mortgage broker We worked with leon and his team, got a great rate and they took their time to explain and guide us through the whole process. Great rates and great service. Would absolutely recommend.
Stephnie Boyles
Stephnie Boyles
13:59 15 Nov 17
Got tired of sow service and mediocre rates from my bank, so I started looking for a mortgage broker. Had some family friends recommended Leon and his team, so decided to check them out. Was very impressed with Leon, he guided me through step by step, recommended a mortgage and I ended up switching to him. My rate is better and he always answers call and emails right away.
Billye Peralta
Billye Peralta
13:38 19 Nov 17
Was looking for a new mortgage broker, my old one moved so had to find someone else to work with. Didn't really know how to go about it so just started googling. After some searching and talking, decided to go with the guys at certified mortgage broker. No one could match their rates, plus their customer service is honestly some of the best i’ve seen.
Moore Hoover
Moore Hoover
02:25 16 Nov 17
We worked with Leon and he provided a thorough and a professional process in re-financing our mortgage. Communication was consistent, he was easy to reach and documents were processed quickly. Most importantly, we got a great rate that has us savings hundreds of dollars per month on our home. These guys really know what they're doing.
Melissa Brown
Melissa Brown
00:12 18 Jul 17
As third time home buyers we couldn't be happier with the service we got from Certified mortgage broker. The team did a great job working on our loan. Everything was fast, easy and transparent. Probably the best mortgage experience i’ve ever had.
Riley Clements
Riley Clements
15:27 20 Jul 17

CONTACT US

Give us a call or email us to schedule your appointment