So, you want to buy a house?   You need information that is accurate and up-to-date.  Many first time home buyers start googling on the internet.  It is very easy to get confused and overwhelmed with the amount of information available.  Fixed rates, variable rates, CMHC, Genworth, 5% down, 20% down, insured, conventional, collateral charges…. and many many other terms.

After you contact your friendly neighbourhood mortgage professional. and get pre-qualified and understand the process.  Start by going to open houses in the local area.  Get a feel for what you like, what prices are and it is also a great way to interview REALTORs to see if you want them representing you.

If you see a property that you like you can send your mortgage professional the feature sheet and listing information and see how much the monthly payment would be, the rate you would qualify for and get all of your documents together for an official pre-approval.