Buying Your First Home in Canada: What Most Buyers Get Wrong | The Mortgage Den скачать в хорошем качестве

Buying Your First Home in Canada: What Most Buyers Get Wrong | The Mortgage Den

Buying Your First Home in Canada: What Most Buyers Get Wrong | The Mortgage Den In this episode of The Mortgage Den, host Nick Da Silva, Principal Broker at Northwood Mortgage, sits down with Brian Greenwood, one of Northwood’s top mortgage agents, to break down everything first-time home buyers in Canada need to know before buying a home. We cover the most common mistakes first-time buyers make — from underestimating down payments and closing costs to misunderstanding mortgage pre-approvals, debt load, and credit scores. Brian explains how early buyers should start planning, how much home you can realistically afford, and why budgeting for property taxes, insurance, and utilities is critical. This episode also dives into government incentives for first-time buyers, including land transfer tax rebates, 30-year amortizations for insured mortgages, RRSP withdrawals, First Home Savings Accounts (FHSA), and how interest rates impact affordability. Whether you’re buying now or planning for the next few years, this conversation gives you a realistic roadmap to homeownership. 📞 Thinking about buying your first home? Visit 👉 https://www.northwoodmortgage.com 🎧 Watch more episodes of The Mortgage Den for expert mortgage advice and real-world guidance. #RealEstate #CanadianRealEstate #Housing #RealEstateNews #Mortgage #Podcast Timecodes: 0:00 Intro 0:45 How Much Should First-Time Buyers Save for a Down Payment? 1:21 First-Time Home Buyer Budgeting Explained 2:11 Biggest Mistakes First-Time Home Buyers Make 3:49 Buying Pre-Construction Homes: Risks First-Time Buyers Should Know 4:58 How Debt Affects Your Mortgage Approval 5:50 Government Incentives for First-Time Home Buyers in Canada 7:46 Credit Score Requirements for Mortgage Approval 9:01 Why First-Time Buyers Are Waiting on the Sidelines 11:55 Is Buying a Home a Good Investment Long-Term? 13:55 Should You Use a Mortgage Agent or Your Bank? 15:49 Home Insurance Requirements for Mortgage Approval