First Time Home Buyer Mortgage

So, you are thinking of buying your first home in Ontario, but where do you start? Buying a home should be a pleasure and can be, providing you follow a step-by-step approach. After all, this is probably the biggest investment you will make and you owe it to yourself to do this right.

How much can you save based on current rates?

Here is a comparison of the current rates the bank will give you and the rates that we can arrange on your behalf on a $300,000 mortgage.

1 Year Fixed
2.84% (Bank)
2.64%
Save $2,370 per year
2 Year Fixed
2.79% (Bank)
2.09%
Save $1,770 per year
3 Year Fixed
3.39% (Bank)
2.65%
Save $3,270 per year
4 Year Fixed
3.89% (Bank)
2.69%
Save $4,320 per year
5 Year Fixed
4.64% (Bank)
2.89%
Save $6,750 per year
7 Year Fixed
5.85% (Bank)
3.44%
Save $8,430 per year
10 Year Fixed
6.09% (Bank)
3.84%
Save $7,830 per year
5 Year Variable
2.95% (Bank)
2.2%
Save $1,200 per year
How much can you save with DMC?
$
*Based on a 5 year fixed rate mortgage using July 2017 rates.
Discount
Mortgage
Canada
Monthly Payment
$1,435
Working
directly with
your bank
Monthly Payment
$1,835
YOU SAVE: $/month or $ over 5 years.

Explore payment options with our MORTGAGE CALCULATOR or APPLY ONLINE using our secure form.

CLICK TO APPLY FOR YOUR MORTGAGE ONLINE

Or Request a Meeting with a Friendly Broker.
Fill out the form below and we’ll get in touch to schedule a meeting.

How much do I need to buy my first home?

Signing papers

In addition to a down payment, there’s a number of other costs related to buying your first home that you should be aware of.

$

Down Payment
$
Land Transfer Tax
$999
Legal Fees
$700
Registration costs
$150
PST (on insurance premium CMHC)
$999
Adjustments
$999
$25,000

CALCULATE

How do you qualify for a mortgage?

Do you know what criteria is involved to qualify for a mortgage?

This short 5 minute video will take all of the mystery out of the approval process so you’ll be better informed when shopping for a mortgage.

Six Steps to Buying Your First Home

A mortgage is just one of the many things you have to consider when purchasing a home for the first time. Learn More

Family playing in front of house.

Client Success Story

DMC helped Dave & Jenn get a mortgage for their first home when they we're turned down by their bank.

Learn More