First-Time Home Buyer
Buying your first home is one of life's most exciting milestones. We're here to guide you through every step, from understanding down payments to qualifying for exclusive first-time buyer incentives.
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Why Choose NP Mortgages for Your First Purchase
We understand that the first-time buyer experience can be overwhelming. We provide patient, educational support and access to products tailored for new homeowners.
- Access to First-Time Home Buyer Incentives
- Explanation of fixed vs. variable rates
- Down payment strategy and source verification
- Expert guidance on closing costs and land transfer taxes
All the Ways We Can Help You Buy
Whether you're buying your first home, an investment property, or something in between — we have a mortgage solution for you.
Minimum Down Payment?
In Canada, you can purchase a home with as little as 5% down for the first $500,000 of the purchase price.
RRSP Home Buyers' Plan
You can withdraw up to $35,000 from your RRSPs tax-free to use toward your down payment.
Navigating Your First Mortgage
There's more to a mortgage than just the interest rate. We'll help you understand properties like prepayment privileges, portable mortgage options, and the difference between default-insured and conventional mortgages. Our goal is to empower you with the knowledge to make a confident decision that fits your budget today and your goals for the future.
Maximize Your Incentives
The Canadian government offers several programs to help first-time buyers, including land transfer tax rebates and the First-Time Home Buyer Incentive. We'll ensure you're aware of every dollar you're entitled to, helping you'll reduce your upfront costs and monthly payments. We coordinate with your lawyer and Realtor to ensure a seamless closing experience.
The 8T First Step
Our 8T Process is built for education. We 'Teach' you the fundamentals of real estate and 'Translate' industry jargon into clear, actionable advice. We're here to 'Tend' to your application with the care it deserves, ensuring your first home purchase is a success.
What Do Your Renovation Plans Look Like?
Contact NP Morgage directly and one of our renovation finance specialists will be happy to help. When you work with us, we make sure to secure the ideal loan to finance your renovation without the financial burden.
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