Close by, in Delhi
Mortgages
in Simcoe
Whether you’re buying your first place in Simcoe, moving to a bigger home or coming up for renewal, I’ll help you compare options from the lenders I work with and find a payment that fits. I’m based a short drive away in Delhi.
Buying your first home in Simcoe
Simcoe is Norfolk County’s largest town, and for many people it’s where their first home is. If that’s you, there’s help worth knowing about.
The First Home Savings Account and the RRSP Home Buyers’ Plan can both go toward your down payment. Ontario refunds part of the land transfer tax for first-time buyers. And first-time buyers can now choose a 30-year amortization on an insured mortgage, which lowers the monthly payment. I’ll show you which of these apply to you, and how they change what you can buy. You can also see what you could afford in Simcoe before we talk.
First-time home buyersWhen your pay isn’t the same every week
Shift work, overtime, part-time hours and commission all count. Lenders just look at them differently from a fixed salary, and many average your variable income over the last two years.
Lenders usually ask for:
- Your recent pay stubs
- A letter from your employer
- Your T4s for the last two years
- Your last two Notices of Assessment
Before you start looking, I’ll check how a lender would count yours, so your pre-approval reflects money you can actually use.
Renewing in Simcoe? Look before you sign
Your renewal letter is your lender’s first offer, not the only one.
A few weeks before your term ends, we’ll compare:
- Your current lender’s renewal offer
- What other lenders would offer for the same term
- Any cost of switching, and whether it’s worth it
Then you can stay or switch knowing it’s the right fit. More on renewing
Questions from Simcoe
Can I buy in Simcoe with less than 20% down?
Yes, with mortgage default insurance. The minimum down payment is 5% of the first $500,000 of the price, and 10% of the part above that.
What do I need for a pre-approval?
Photo ID, proof of income, proof of your down payment and a list of what you owe. I’ll send you a short list before we start, so you only gather what your lender will ask for.
Do you meet clients in Simcoe?
Yes. Delhi is a short drive away, so we can meet in Simcoe, or talk by phone or video if that’s easier.
Let’s find your place in Simcoe
Tell me where you are in your plans, even if you’re only starting to look, and we’ll work out your next step together.
A first conversation costs nothing and commits you to nothing.