First Home

Get off on the right foot in your home buying journey.

You have dreamed about it and you have planned for it. Now you’re ready to make the biggest financial decision of your life! We can help you open the door to home ownership and a better future.

You want to take advantage of today’s low rate environment but it can be overwhelming to sort through all of the options out there. That’s where a Mortgage Consultant comes in scene; he will help get you the right combination of mortgage features, privileges and rate that is best matched to your needs. The right mortgage is not just the rate–it’s important to also consider term, prepayment options, refinancing penalties, restrictions, and fees.

Determine your budget.

Having a realistic budget to start will bring you confidence, knowing that you are not overextending yourself. Let us help you determine how much home you can comfortably afford. Remember that home ownership involves costs beyond the monthly mortgage payment such as utility bills, insurance, taxes, home upkeep.

Don’t forget to get pre-approved, so you’ll get your interest rate guaranteed for a set period, typically 90 to 120 days.

Down payment options.

Down payment is one of your most important considerations before you look to purchase your new home. If you’re in the “saving up” stage of preparing for home ownership, this is a great time to meet with us so we can discuss your down payment options. At least 5% of the purchase price is usually required for a high‐ratio mortgage and at least 20% of the purchase price is usually required for a conventional mortgage.

Plan for closing costs.

Be aware that the financial responsibilities of homeownership are just beginning, there are additional costs that come with buying a home so you’ll need to have some extra funds set aside to cover these costs. Generally, you can expect to pay between 1.5% and 4% of the home’s selling price in total closing costs. We can outline all of your closing costs so you are not surprised later.

We will help you pay off your mortgage faster and save thousands on interest.

Mortgage rates and products are constantly changing, and the Canadian market is more competitive than ever before. So work with JPS Aulakh today and start your wealth building with smart debt! JPS Aulakh will help you get off on the right foot in your home buying journey.

Purchasing your next Home?

Whether you want to create the perfect house that fits your lifestyle or your family need more room to grow. If you are planning to buy another home your first step should be to look into your mortgage options.

If you will need a bigger mortgage, your options will include bringing your mortgage with you if it is portable. You can often “blend” your current mortgage rate with the mortgage rate on the additional funds you need.

From choosing the right mortgage to paying for the expenses associated with your home purchase, we can offer you some real options. We can help you assess your current mortgage and review what’s in your best interest. Remember, we work for you, not the banks or other lenders so you get unbiased advice.

Planning to buy a Vacation home? We can help

Reasons for buying a vacation home vary, from recreation and vacation enjoyment to investment and development to retirement planning.

Bringing this investment within reach are the excellent financing options available for Canadians purchasing vacation properties.

We can provide you to several financing options from a wide suite of lenders. There are multiple routes you can take: you can use the equity in your main residence to finance your vacation property or second home, or you may opt to take out a secured line of credit or second mortgage on your main home. You could also consider financing the vacation property on its own merits..

Unable to decide if this is the right time to buy your dream vacation home? Talk to us!