Preparing to buy your first house

Get your ducks in a row! Make sure you have all the bases covered with helpful advice from our mortgage experts.

What is a mortgage, anyway?

A mortgage is a loan secured by a house you’re buying!

How much can I afford
to spend?

Careful budgeting is the first step. It will determine your financial capacity. Use our budget calculator to assess your current financial situation.

Make a budget Budget calculator
What's a down payment?

When borrowing to purchase a home, you have to pay a minimum of 5% to 20% of the value of the home up front.

How do I save up for a
down payment?

The Home Buyers’ Plan (HBP) is a government program that allows you to withdraw from your RRSPs to buy or build a home. You can also use any savings you may have, gifts from family members, etc.

HBP Savings accounts
What’s a mortgage rate?

It’s the interest you have to pay on top of the amount you’re borrowing (the principal).

What’s the best kind of
mortgage?

Your borrowing profile will determine the best type of mortgage for you. Open or closed? Fixed or variable rate? One-year or five-year term?

Everyone is different See our rates

How do I start the
purchase process?

Mortgage pre-approval is the first step. It tells you the maximum amount you can borrow.

Make an appointment with one of our experts and get started now!

Book an appointment Mortgage calculator

Documents required for mortgage approval:

  • Budget:

    Making a budget will help you determine your borrowing limits and financial capacity. It will give you peace of mind and make the whole process less stressful.

  • ID, family situation, and contact info:

    Two pieces of ID, information about any dependants you may have, your social insurance number, previous and current addresses, and phone numbers.

  • Occupation:

    Proof of income, employer name, address, and phone number.

  • Proof of funds:

    Your proof of funds is a document that confirms how much money you have available to purchase your home.

Why choose UNI?

157 000

members and clients

900

employees

$5.2 B

in assets

$2.4 M

redistributed in our communities

The time and place that
works for you!

Talk to a mortgage specialist today or make an appointment by
phone, Monday to Friday, 9 a.m. to 5 p.m.

Find a specialist Book an appointment 1-888-359-1357

Check out our mortgage
blog posts

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spring: Don’t forget the
details!

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Our mortgage experts are
here to help make your
dreams come true.

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First-time home buying:
Programs to help make your
dream a reality.

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