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First Time Buyer

Congratulations!

Don't be intimidated — use an INVIS Mortgage Consultant to give you peace-of-mind during what may be the largest and most important investment you will ever make.

At CMI, we want to help you be comfortable with the whole process from beginning to end. To start, here's what you need to know to help you on your way. Click on the appropriate link below.

Buying a Home
  Is it a good investment?
Selecting a home type
The key players in your purchase
Purchase price checklist

Financing a home
  Using your RRSP
Buying with as little as 5% down
Getting a pre-approved mortgage
What type of mortgage should you choose?


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Canadian Mortgage Information.com

Repeat Buyer


Avoid the hassles and time that you experienced getting a mortgage on your previous home(s). Use an INVIS Mortgage Consultant who can do all the work for you and get you a better rate and product to suit your needs. Get an INVIS Mortgage Consultant working for you today. And although you already know the ropes, things may have changed since you were last in the market. Here's an update of all the latest mortgage and home buying information.

Review of the buying process

Role of major players in purchase
The costs of purchasing


Financing methods

What type of mortgage should you get
Accelerating your freedom

 

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Canadian Mortgage Information.com

Refinancer

There are many reasons why you might want to refinance, or increase, your existing mortgage — to consolidate non-mortgage debt, to finance improvements to your home, etc. Let an INVIS Mortgage Consultant help you negotiate with your existing lender or switch to a new lender who will give you a more favourable rate. There are many factors to consider when refinancing your mortgage. Here's what you need to know:

Taking out equity in your home

Consolidating existing financing
Taking out equity in your home

Consolidate other debt
Renovations & home improvements


Consolidating existing financing

Combining mortgages
Breaking a closed mortgage to transfer to a new lender



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Canadian Mortgage Information.com

Renewals

Avoid higher rates — avoid unsuitable products and terms — don't be part of the masses!

Mortgage coming up for renewal... Don't be too hasty in just signing the form and sending it back to the lender. Over 70% of mortgage holders do just that, and what is the usual result — a higher rate and a mortgage product that might not be best suited to their interests. Let a CMI Mortgage Consultant do all the work for you — we will find you the best possible rate and product to suit your interests.

You want to renew/switch your mortgage to another lender who will most often give you a better rate. Most lenders now offer "no cost or low cost switches" and it's a smart way to reduce your interest costs. CMI can take care of all the details for you and help you negotiate with your existing lender or find a new lender who will give you very competitive rates. Get an INVIS Mortgage Consultant working for you today. In addition, here's how switching works along with important related information.

The dynamics of switching
 

What happens legally when you switch


Financing strategy for switching
 

What type of mortgage you should you choose
How to pay off your mortgage faster


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Canadian Mortgage Information.com
   

 

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