First-Time Home Buyers | Bradley Mottashed
✨ First-Time Home Buyer Specialist

Unlock the Door to Your First Home with Confidence

From calculating your borrowing power to navigating government incentives, I provide the roadmap you need to go from “searching” to “sold.”

Get Pre-Approved See the Roadmap
Bradley

Bradley Mottashed

Mortgage Agent L1

✉ [email protected]
📞 (519) 427-6199
FSRA: 13463
Associated with BRX Mortgages

Your 5-Step Roadmap

1. Pre-Approval

Know your exact borrowing power and lock in your rate for up to 120 days.

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2. House Hunting

Shop with confidence. Since your foundation is built, you can bid decisively.

3. The Offer

I’ll audit the property numbers instantly to support your offer and ensure asset compliance.

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4. Underwriting

I handle the heavy lifting with lenders, submitting docs and securing the commitment.

5. The Keys

Meet with your lawyer to sign, the funds are transferred, and it’s time to move in!

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Interactive Purchase Scenario

1. Upfront Cash Needs

Down Payment (Min)$35,000
Land Transfer Tax$8,475
FTHB Rebate-$4,000
Legal Fees (Est.)$1,800
Total Cash$41,275

2. CMHC Insurance

Required for down payments < 20%

Estimated Premium$22,600
Total Principal (Inc. Ins.) $587,600

3. Monthly Estimate

$3,385/mo

Estimated 25-Year Amortization

First-Time Buyer Programs

Canada offers several programs to help first-time buyers get into the market sooner.

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Home Buyers’ Plan (HBP)

Withdraw up to $60,000 from your RRSPs tax-free to use toward your down payment.

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First Home Savings Account (FHSA)

Save tax-free for your first home with the newest government incentive.

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Land Transfer Tax Rebates

In Ontario, eligible first-time buyers receive a rebate of up to $4,000 on provincial land transfer taxes.

Don’t guess. Know.

There is a lot of misinformation out there. I offer a complimentary strategy session to break down your specific numbers.

Book Your Free Session

Frequently Asked Questions

How much down payment do I really need?

In Canada, the minimum is 5% for the first $500,000 and 10% for any portion above that. For a $600k home, the minimum is $35,000.

What are “Closing Costs”?

In Ontario, you should budget between 1.5% and 4% of the price for land transfer taxes, legal fees, and title insurance.

What is the “Stress Test”?

A federal rule ensuring you can afford payments if rates rise. You must qualify at your contract rate + 2% or 5.25% (whichever is higher).