Episode 12: Your First Home: How to Start, Who to Call, and What to Avoid!

Send us Fan MailHow to Get Into Your First HomeWhat’s the first step in the homebuying journey?Should you talk to a realtor or a broker/bank first?Understanding the Mortgage ProcessA high-level overview of what getting a mortgage looks like from start to finish.Does a credit check affect you?Breaking down how credit inquiries work during the mortgage application process.Income Types and Mortgage ApprovalHow do different types of income (e.g., salaried, self-employed, commission) impact your mortgage application?First-Time Homebuyer BenefitsWhat perks and programs are available to first-time buyers?Accounts to use: Exploring the FHSA and RRSP to maximize your savings.Insured vs. Conventional Mortgages: What’s the difference, and what happens with properties over $1M?Conditions and Down Payment ExplainedWhat are subjects and conditions when putting in an offer?Learn how to protect yourself in a deal.Deposit vs. Down Payment: Understanding the difference and what’s required.Common Questions About Buying a HomeCan you finance a new vehicle while applying for a mortgage?The potential risks of taking on new debt.Should you buy your “forever home” or just get into the market?The pros and cons of each approach.Follow Our Hosts:Alex PangAlex Shanks