You may need less down than you think
The federal minimum down payment starts at five percent on the first portion of a home's price. Twenty percent is what removes default insurance, not what gets you in the door.
ADMortgages
Buying your first place?
Find out what you can actually afford
Before you fall for a listing, it helps to know your real number. Aly works out what lenders will approve you for, what you'd need up front, and what the monthly payment really looks like.
Mortgage Agent Level 1 · License #M24003098 · Mortgage Intelligence Inc. · Newcomer and self-employed programs · No cost to talk, no obligation
Aly Daya Mortgage Agent Level 1
Your pre-approval, in writing
A real budget and a held rate on paper before you tour a single home.
Aly compares options across over 50 lenders, from the big banks to regional and alternative lenders, at no cost to talk and no obligation. Serving Markham, Richmond Hill, Stouffville, Aurora, Newmarket, Ajax, Pickering, Oshawa and Whitby.
Most first-time buyers start with a listing they love and work backwards. It is easier the other way around.
Aly sets the real budget first and walks through the programs that fit your file, including newcomer and self-employed lending, so every home you tour is one you could actually buy.
A pre-approval is the part that makes the rest simple
It tells you your budget, it shows sellers you're serious, and it holds a rate while you shop.
A pre-approval holds a rate while you look
A pre-approval commonly holds a rate for up to 120 days. If rates move up while you're shopping, you keep the held one. If they move down, you get the lower one.
Perfect credit is not the bar
Lenders look at the whole file, and different lenders weigh it differently. Aly knows which ones fit a shorter credit history, including if you're new to Canada.
One conversation before the house hunt
Nothing to prepare for the first call.
Aly Daya You send
The basics: what you earn, what you have saved, and where you want to buy.
You talk
What you can afford, what you would need up front, and what a held rate protects while you look.
You decide
You leave with a number you can trust and a pre-approval path in writing, ready when you are.
What we offer
- Mortgage renewals and switches
- First-time home buyers
- Refinancing and equity take-out
- Debt consolidation
- Self-employed and business-for-self
- New to Canada
Frequently asked questions
How much do I really need for a down payment?
The federal minimum starts at five percent of the first portion of the purchase price, with a higher percentage on the amount above that. Under twenty percent, default insurance applies and gets added to your mortgage.
What does a pre-approval actually do?
It confirms the amount a lender is prepared to work with, holds a rate for a set window while you shop, and tells a seller your offer is backed by a lender rather than a guess.
I'm new to Canada. Can I still qualify?
Often, yes. Some lenders have programs built for a short Canadian credit history. Aly works with them regularly and will tell you upfront what your file needs.
Buying your first place?
Request a callback
Leave your details and ADMortgages gets back to you directly to set up a time that works for you.
- Mortgage Agent Level 1 · License #M24003098
- Mortgage Intelligence Inc.
- Newcomer and self-employed programs
- No cost to talk, no obligation
You'll be speaking with Aly Prefer to talk? Call (416) 897-2387.
Send your details
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Prefer to talk now? Call (416) 897-2387.