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Access to 300+ Lenders
24-Hour Pre-Approvals
Your First Mortgage Expert Guidance from Application to Keys in Hand
Buying a home is one of life’s biggest steps. We make it simple, transparent, and stress-free — with expert guidance, access to 300+ lenders, and personalized mortgage solutions designed for you.
What Is a First Mortgage (Home Purchase Mortgage)?
Consultation & Discovery
We understand your goals, budget, and credit situation.
Pre-Approval
Get a clear picture of how much you can afford before you shop.
Lender Matching
We shop across 300+ lenders to find your best options.
Approval & Funding
Fast, transparent, and fully managed by our expert team.
Ongoing Support
We review your mortgage regularly to ensure you’re always getting the best deal.
Why Choose Advance Mortgages for Your First Mortgage?
Get Pre-Approved Fast
Secure your pre-approval in as little as 24 hours, so you can shop confidently.
Access to 300+ Lenders
We compare banks, credit unions, and private lenders to find your ideal rate and terms.
Guidance for Every Buyer
From first-time buyers to self-employed or new-to-Canada borrowers — we make approvals easier.
Transparent & Stress-Free Process
We handle all the details so you can focus on your new home — no surprises, no jargon.
Personalized Solutions
We take time to understand your goals and build the right strategy for you.
Ongoing Support After Closing
Our relationship doesn’t end after funding — we review your mortgage regularly to keep it optimized.
Formula:
Maximum Purchase Price = (Gross Annual Income × 4–5) − Existing Debt
Example:
If your household earns $120,000/year and has $500/month in existing debt, your estimated max purchase price is around $550,000–$600,000, depending on down payment and lender program.
Your mortgage advisor will calculate this precisely during your pre-approval — including taxes, insurance, and down payment scenarios.
- First-Time Home Buyer Incentive (FTHBI) — Shared-equity government program for eligible buyers.
- RRSP Home Buyer’s Plan (HBP) — Withdraw up to $35,000 from your RRSP tax-free for your down payment.
- Land Transfer Tax Rebates — Save up to $4,000 in Ontario (and additional savings in Toronto).
- CMHC, Sagen, and Canada Guaranty Insured Programs — Buy with as little as 5% down.
Your Advance Mortgages advisor will review all incentives and rebates you qualify for — so you don’t leave money on the table.
Your home value
Enter your home’s estimated value and hit Next to continue
Remaining Mortgage Balance
Enter your remaining balance and see your eligibility.
Common First Mortgage Questions (FAQ)
As little as 5% down for homes under $500,000. For higher-priced homes, a blended down payment applies.
Yes. We work with alternative and private lenders who offer flexible income and credit options.
Absolutely. Adding a co-signer can strengthen your approval and increase your purchase power.
Buy Your Home with Confidence
Every mortgage file we handle receives multi-level management oversight for accuracy, compliance, and client success. We guide you from pre-approval to closing and beyond, ensuring you get the right mortgage for your needs.