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 FAQ


 
  First-time Homebuyers Mortgage

Buying a first home is a very exciting time. If you've never had a mortgage before, we can help. Our team of mortgage brokers and specialists are more than happy to answer any questions you may have. All of our consultations are free and you will never have to pay us. Our commitment is to find you the best mortgages Canada has to offer.

  First-time Mortgage FAQ's

To avoid adding unwanted stress in obtaining your very first mortgage, read the following frequently asked questions. This valuable information will not only answer some questions you may have about mortgage brokers, but may also make your first home purchase a money-saving experience. For more information, be sure to read the homebuyers check-list.

 
  What is required to obtain a first mortgage?
 
  What costs are involved in obtaining a mortgage?
 
  What can I use for a down payment?
 
  How long does it take to complete a mortgage transaction?
 
  Can I get pre-approved before I find the home I want to purchase?
 
  How much can I qualify for?
 
  What is CMHC?
 
  Who does CENTUM Modern Mortgage work for?
 
  What is the purpose of a mortgage broker?
 
  How can a mortgage broker get a better rate than my own bank?
 
  Are there extra costs or hidden fees when using a mortgage broker?
 
  What if I have had poor credit or have been discharged from bankruptcy within the last 3 years? Can I apply for a mortgage?
 
 
     
 
 
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