Mon - Fri : 9:00 AM to 6:00 PM

529 Wilson Avenue Toronto, ON M3H 1V1

Getting a First Time Mortgage

Congratulations! You've decided to dive into the world of home ownership . This will be one of the biggest and most important milestones in your life, so you want to be sure you're making the right decisions the first time.

But don't let your first time mortgage experience be overwhelming - a committed mortgage broker & agent will have the right advice, guidance, and options at your disposal to help you on your new journey.

Sherwood Mortgage Group has helped thousands of first time buyers find the right mortgage for their needs & budget. Our mortgage agents keep the financial side of the home ownership journey simple and straightforward, providing exceptional advice, ongoing guidance, and access to exclusive mortgage rates in Canada.

We'll help you finance the perfect house - all you'll need to do is make it a home.

Take the first step towards home ownership - get in touch with your trusted mortgage brokerage today!

Sherwood's First Time Mortgage Process

We've broken down your first time buyer experience into 7 main points you should know:

Essential to mortgage financing, an appraisal is a condition in some mortgage agreements provided by a lender in order to gauge the value of the home.

The price of appraisal is dependent on the property - unique homes, remote locations, and large estates tend to have higher appraisal fees, for example. This is an added expense that may come up in your mortgage commitment.

Be sure to consult your lender regarding additional costs that may arise in the home buying process, including land transfer taxes, property surveys, adjustment costs, title insurance, mortgage default insurance, etc.