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First-Time Home Buyers: Your Adventure Begins Here

Scared of hidden fees, confusing paperwork, or being denied for a mortgage pre-approval? Whether you're a first-time home buyer in Cornwall, Ontario or across Eastern Ontario, we’re here to make buying your first home exciting—not terrifying.

Meet Emily

Emily is a single mom who felt overwhelmed by the entire home-buying process—down payments, mortgage interest rates, and all the forms. She feared making a financial mistake and didn’t know where to start.

At MortgageWell, we guided her from mortgage pre-approval to closing costs, explained the benefits of fixed vs variable mortgage rates, and helped her make confident decisions about her budget. Now, she and her daughter are happily settled in a cozy home they’re proud to own.

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Key Benefits for First-Time Buyers

Unlock savings and achieve financial freedom through refinancing options tailored for you.

Clear, No-Nonsense Guidance

From down payments to closing costs, we explain it all.

We help you determine what you can really afford, so you don’t overextend.

Save time and energy by following our proven first-time home buyer plan.

Confidence in Your Budget
Personalized Roadmap

Our 4-Step Home Buying Process

Unlock better rates and terms to save money on your mortgage refinancing journey.

Closing Day

Avoid overpaying or jumping at a bad deal. We’ll help you compare mortgage rates in Ontario and guide your offer strategy.

Finishing the Mortgage Approval

We handle the paperwork, lender communications, and explain your mortgage options—including best banks for mortgage pre-approval and alternative mortgage lenders if needed

Get Pre-Approved

No more guesswork—get a clear number with our mortgage pre-approval process.

House Hunting & Making Offers

From title insurance to lawyer fees, we’ll prepare you for every expense, so there are no surprises.

Loan contract with keys and small wooden house, symbol of mortgage approved for first-time buyers
Loan contract with keys and small wooden house, symbol of mortgage approved for first-time buyers

FAQs

Q: Is a 5% down payment enough?

A: It can be—depending on your financial situation and mortgage insurance requirements. We’ll help you weigh the pros and cons to making the minimum requirement or if putting down more is better for you.

Q: What are closing costs, and how much are they?
Q: Can I still qualify if I have student debt?

A: Closing costs can include appraisal fees, home inspection fee, title insurance, land transfer tax, and lawyer fees. They usually total between 1% to 1.5% of your home’s purchase price. It’s important to budget for these expenses early on so you’re not caught off guard.

A: Many first-time buyers do. We’ll factor it into your budget and lender options.

Ready to take the next step?