First Home Mortgage

Are you purchasing your first home? We’re excited for you, and want to assist you in making decisions that can have a massive effect on your real estate investment dreams.

Whether you’re embarking on a new construction project or purchasing an existing home, our dedicated Professional Mortgage team can help you:

  • Determine what you can afford
  • Review your down payment options
  • Understand all additional expenses associated with buying a home, like closing costs and other potential fees

Tips for first time home buyers:

  • There are a variety of down payment assistance options available to you, including using your existing RRSP through the Home Owners Plan, or using a Gift as a down payment.
  • If you are buying the home as your principal residence, the minimum down payment is as follows:
    • 5% up to $500K
    • 10% from $500K to $1 million
    • 20% for properties over $1 million
  • Terms are available from six months to ten years, with open or closed options.
  • Amortization periods are available up to 35 years.
  • There are no minimum or maximum mortgage amounts.

Call Cal LeGrow today to speak with a mortgage expert.

709.778.2388 /toll free 888.720.3282

Brian Hanrahan

Mortgage Broker
Bay Roberts

Diane Rogers

Mortgage Broker
St. John's, NL

Glenda Lannon

Mortgage Broker
St. John's NL
709.691.2110 or 709.834.0392

Joanne Mercer

Mortgage Broker
St. John's, NL

Mandy Keating

Mortgage Broker
St. John's, NL

Susan Powell

Mortgage Broker
St. John's, NL

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