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First Time Buyers

Never purchased a home before? Worried about getting approved for a mortgage? Wondering how to dot the i’s and cross the t’s? The answers are here.

  1. Using RRSPs to buy your first home through the HBP

    by Multi-Prêts Mortgages What you’ll learn What are the eligibility requirements under the HBP? What is the HBP? How much money can I withdraw from my RRSPs under the HBP? How does the repayment of RRSP funds under the HBP program work? Updated September 9th 2019. Buying your first home can certainly be an adventure, so […]

  2. How to prepare for a mortgage application

    by Multi-Prêts Mortgages What you’ll learn Making time for your mortgage broker Separating your wants from your needs Painting a financial picture Leaving nothing to chance Making time for your mortgage broker Write down all the questions going through your head ahead of time, and most importantly, get ready to be honest. You’re going to […]

  3. City or suburb: The pros and cons

    by Multi-Prêts Mortgages What you’ll learn Find cheaper properties in the suburbs, but pay more for transportation Consider the proximity of services in the city Calculate commute time Think about space Assess the air quality and noise pollution Get a mortgage pre-qualification City or suburb? It’s an important question if you’re thinking about buying property. […]

  4. How to become a homeowner in a seller’s market

    by Multi-Prêts Mortgages What you’ll learn Determining your needs Getting pre-approved for a mortgage Saving up for a bigger down payment Taking advantage of incentives Buying a home to renovate For the past few years, the Quebec real estate market has been a seller’s market. The limited number of available properties and the large number […]

  5. Why a mortgage pre-qualification ?

    by Multi-Prêts Mortgages What you’ll learn What does pre-qualifying for a mortgage mean? Why should I pre-qualify for a mortgage? What is the maximum amount of financing I can afford to buy a property? What’s the difference between pre-qualifying with a financial institution and pre-qualifying for a mortgage with Multi-Prêts? Is it possible to apply […]

  6. A step-by-step guide for first-time home buyers

    by Multi-Prêts Mortgages, in collaboration with National Bank What you’ll learn Day 1 – Make your budget Day 2 – Calculate your borrowing capacity Day 3 – Calculate additional expenses Day 4 – Get your mortgage pre-qualified Day 5 – Find your dream home Day 35 – Make a promise to purchase Day 45 – Get a mortgage Day 50 – Make two appointments with your notary Day 60 – Move in and […]

  7. Two new incentives to buy your first home

    by Multi-Prêts Mortgages What you’ll learn A new way to reduce the cost of your mortgage The HBP limit has been raised from $25,000 to $35,000 Do you dream of becoming a homeowner? Between the down payment, associated fees, monthly mortgage payments, and unforeseen expenses, buying a home is a significant financial challenge for young […]

  8. Should you buy or rent your next home?

    by Multi-Prêts Mortgages, in collaboration with National Bank What you’ll learn Is your personal and professional situation stable? Have you considered the costs of buying and maintaining a property? Do you have a down payment? Do you save enough? What are your needs and aspirations? The rental of a home and the acquisition of a […]

  9. First-time home buyers: Have you thought about property tax?

    by Multi-Prêts Mortgages What you’ll learn Where does your tax money go? The property assessment roll Can you appeal your property assessment? After months of hunting, you’ve finally found your dream home. Congratulations! But before making an offer, have you looked into how much the property taxes are in the municipality where it’s located? Unlike […]

  10. Rent or buy?

    by Multi-Prêts Mortgages What you’ll learn Your current situation and lifestyle Your vision for the future Renting fees vs. buying fees How to prepare for buying a property For many, the start of spring means deciding whether or not to move. The dream of owning a home is sometimes an important element in that decision. […]