Buying your first place? · Toronto
Start with a real budget, not a guess from a rate site.
Before you tour anything, you should know what you can actually carry and what a lender will actually approve. Rafee runs the real numbers first, including the programs first-time buyers commonly miss.
- FHSA, HBP and land transfer rebates
- No credit pull to start
- Free strategy call
Ontario-licensed · #M25002512. Rafee compares your file across 50+ lenders through Perch Mortgage, covering A, Alt-A and private options. It costs nothing to talk and there's no obligation to move.
Before you tour a single home
What a first-time buyer actually needs settled first
An affordability calculator gives you a number nobody will lend against. A pre-approval gives you one you can shop with.
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01
Your budget is a lender calculation
It's built from your income shape, your debts and a qualifying rate. What a rate site says you can afford is a different number, and usually a much larger one.
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02
The programs are worth real money
The FHSA, the Home Buyers' Plan and Ontario's land transfer tax rebate exist specifically for you. They have rules, and the rules reward planning ahead.
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03
A pre-approval is a negotiating tool
It holds a rate while you look, and it tells a seller you can close. A pre-approval commonly holds a rate for up to 120 days.
What's behind the advice
- 50+ Lenders accessible via Perch
- $48M+ Mortgage volume reviewed and structured
- 320+ Files across A, Alt-A and private lending
- 0 Credit pulls needed to get a first number
Serving Toronto, Mississauga, Brampton and across Ontario.
Before you book: good to know
How much do I actually need for a down payment? The federal minimum is 5% on the first $500,000 of the purchase price, with a higher percentage on the portion above that. What you need for your target price is a specific number, and it's worth having before you shop.
What's the difference between a pre-qualification and a pre-approval? A pre-qualification is an estimate based on what you tell a lender. A pre-approval is underwritten against documents and holds a rate. Only the second one carries weight with a seller.
Can I do this if I am self-employed or new to Canada? Yes. Both are common files and both need income documented differently. Rafee works across A, Alt-A and private lenders, so the question is which lender fits your situation.
Rafee Syed, Mortgage Agent (Level 1), licence #M25002512, brokering through Perch Mortgage, licensed by the Financial Services Regulatory Authority of Ontario (FSRA). Rates, terms and approvals vary by lender and by applicant, and change without notice. Any rate or term you see quoted here is confirmed directly with Rafee and the lender before it means anything. Nothing here is financial or legal advice.
Reserve your spot, then pick a time
Leave your details and we'll hold your spot, then you go straight to the booking page to pick a time that suits you.
- 50+ lenders accessible via Perch
- $48M+ mortgage volume reviewed and structured
- 320+ files across A, Alt-A and private lending
- 0 credit pulls needed to get a first number
Prefer to talk? Call 416-524-9527.
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