Buying a home is one of the biggest and most important investments you can make in your life. Of course, there are many factors to consider in order to make your house-buying experience an enjoyable and productive one.

Some of the most important ones to consider are the following:

  1. Get pre-qualified (mortgage brokers can be a huge help)
  2. Check out any current available first-time-buyer incentives from the various government bodies
  3. Choose a qualified real estate agent (also called a Realtor®) in a reputable firm.

How to pre-qualify for a mortgage

In order to find out what amount of mortgage you qualify for,it is usually recommended to talk to a reputable mortgage broker. Mortgage brokers deal with many different lenders and often are able to recommend the financial institution that appears to be best for you.

Whether you go directly through your own bank or to a financial institution recommended by your mortgage broker, knowing what price range you should be looking into will determine what type of housing you should be looking at and what neighbourhoods offer the best housing for you.

Current first-time homebuyer incentives

Government of British Columbia: The first time home buyers' program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home. If you qualify for the program, you may be eligible for either a full or partial exemption from the tax. For more information on qualifying, CLICK HERE.

Government of Canada:The First-Time Home Buyer Incentive can help you purchase your first home. This incentive aims to help first-time homebuyers without adding to their financial burdens. There are no additional monthly payments. Participants must meet minimum insured mortgage down payment requirements. For more information on qualifying, CLICK HERE.

Choosing a real estate agent who will work for you!

Doris Bregolisse is a well-known figure in Kelowna. As a fully-qualified realtor® Doris is ready to help you every step of the way in your buying process. As a first-time buyer, knowing that you can rely on Doris to navigate all the steps involved in buying a home will bring you wonderful peace of mind.