In this episode of Realty Bytes- Conversations on Real Estate and Lifestyle, host Evelyn Lopes discusses with mortgage specialist Kyle Cole from BMO- Bank of Montreal the challenges that first-time homebuyers in Ontario face when trying to secure financing for their first home purchase. Evelyn, an experienced realtor, knows that owning a home can transform people's lives and wants to help listeners and first time home buyers navigate the process. The conversation delves into the various hurdles that first-time homebuyers may encounter, from the initial financial requirements to the overall costs involved in the home buying process. Evelyn and Kyle provide listeners with helpful tips and strategies that can be used to overcome these obstacles and successfully purchase their first home. They also discuss the different programs and incentives that are available to first-time homebuyers, such as down payment assistance, rebates and tax credits, financial requirements, affordability and provide insight into the potential pitfalls that buyers should be aware of when entering the market. Ultimately, this episode of Realty Bytes serves as a valuable resource for anyone looking to purchase their first home. With the knowledge and advice shared by Evelyn and Kyle, listeners can feel more confident in their ability to navigate the home buying process and achieve their dream of homeownership.
Title: FIRST TIME HOME BUYER FINANCING Tips for Ontario
Host: Evelyn Lopes
Guest: Kyle Cole, Mortgage Specialist with BMO
In this episode of Realty Bites, the host dives into the world of real estate with mortgage specialist Kyle Cole from the Bank of Montreal (BMO). They explore the ways in which first-time home buyers can get into the housing market.
The episode covers a range of topics related to buying a home, including the importance of saving for a down payment, minimum down payment requirements, sources for down payments, qualifying for a mortgage, budgeting for a home purchase, and the difference between pre-approval and pre-qualification. Kyle also shares valuable insights about the programs available to assist first-time buyers, including using RRSPs, rebates, incentives, rental incomes, and more.
Overall, this episode provides a wealth of information for anyone looking to buy their first home, and it highlights the importance of consulting with a mortgage specialist to explore your options and find the best solution for your individual needs.
Contact information:
Kyle Cole | Mortgage Agent with BMO- Bank of Montreal
647-331-8850
kyle.cole@bmo.com
Evelyn Lopes | The Evelyn Lopes Realty Team | iPro Realty Brokerage
905-965-5902
evelyn@evelynlopes.com