Best Mortgage Lenders for First Time Buyers
Part of buying a home is finding the best mortgage lenders for first time buyers. You have a few options to where you get your mortgage and you want to find somewhere that can explain the basics and get you started on the right foot financially.
Typically you will want to look for some place local or a service that has experience and a good reputation. If it’s appropriate check with family or friends for their experience with mortgage lenders. You can also ask us at Voortmans and we’d be happy to recommend some options.
Typically the first place people look at when looking for the best mortgage lenders for a first time buyer is the bank you may have existing accounts with. They offer mortgage services and will often have special offers available to you exclusively or as a general promotion. This might be a good place to start if they have a good reputation and you have a good relationship with them. This shouldn’t be the only place you ask when looking for your first mortgage though. You are free to explore other banks and services.
Another place that might provide a good overview of the best mortgage lenders for first time buyers is with a mortgage broker. This service is completely free and they do all the leg work to finding you the best mortgage available across all of the available options. They also provide you with financial advice and answer any tough questions you may have about mortgages. Let us know if you need us to provide you with some lender options.