First-time Home Buyer Richmond Hill Checklist
                     First-time Home Buyer 
Richmond Hill Checklist
• Think before going for a mortgage loan
• Don't spend your all saving
• How’s Your Credit?
• Do You Have a Down Payment?
• Hire a professional Mortgage Specialist
The Checklist • Set your priorities right.
• Don’t be Impulsive in Buying
• Inquire, study the the home which you 
want to buy
• Don't change the job frequently
• Buy house that is easily sale-able
• Think before going for a 
mortgage loan
While buying homes for first time don't go 
after mortgage home loan. Before proceeding 
think logically whether you are able to bear 
such burden after all kinds of additional cost 
such as property tax, insurance, maintenance 
cost, other bills, etc. 
Farideh Frouzesh
https://mortgage.rbc.com/farideh.frouzesh
• Don't spend your all saving
After buying a new home, a homeowner most likely 
to expect minor or major repair work soon. So, you 
have to spend money for the repair. Therefore you 
should calculate that you have enogh savings for 
such expenses.
Farideh Frouzesh
https://mortgage.rbc.com/farideh.frouzesh
• How’s Your Credit?
Besides the aforementioned documentation, you will need 
to have good credit to apply for a mortgage in Canada. 
Though as a Newcomer it is not possible. But you can apply 
for for a Canadian credit card. It will be a prove that you 
are able to bear the debt when you make all your payment 
in time.
Farideh Frouzesh
https://mortgage.rbc.com/farideh.frouzesh
• Do You Have a Down Payment?
Without down payment lending a mortgage is not 
possible. If you want a mortgage loan as a First-time 
home buyer, you have to produce at least 10% of total 
loan amount.
Farideh Frouzesh
https://mortgage.rbc.com/farideh.frouzesh
• Hire a professional 
Mortgage Specialist
First-time Home owners often find themselves lost 
with the technical terms of papers. So, you should 
hire a professional Mortgage Specialist. Who will 
make you understand what will be good for you 
according your financial condition.
Farideh Frouzesh
https://mortgage.rbc.com/farideh.frouzesh
• Set your priorities right.
Being a first-time home buyer makes you often 
compromise due to limited funds. So, ask yourself 
which is essential for the accomodation according to 
your fund. Because you have already made a big 
investment by purchasing a new house.
Farideh Frouzesh
https://mortgage.rbc.com/farideh.frouzesh
• Don’t be Impulsive in Buying
If the home meets your needs on all other ways 
say affordability, area, maintenance-wise, etc. do 
not let any minor imperfections divert you having 
bigger thing.
Farideh Frouzesh
https://mortgage.rbc.com/farideh.frouzesh
• Inquire, study the the home 
which you want to buy
Before buying a home the customer should enquire 
about the house which he is going to purchase. Though 
its very difficult to predict what kind of development will 
be made in future to this area. If possible meet the 
neighborhood to avoid any kind on unpleasant surprises.
Farideh Frouzesh
https://mortgage.rbc.com/farideh.frouzesh
• Don't change your job 
frequently
Changing company means promotion. It is surely 
beneficial for career. But if you change companies 
frequently it may cause difficulties for loan approval. 
The bank would always make sure that you have 
steady income, employment and presence to repay 
the loan.
Farideh Frouzesh
https://mortgage.rbc.com/farideh.frouzesh
• Buy house that is easily 
sale-able
It is always clever to buy house that is easily sale-
able. Makes your home appealing to buyers if your 
purpose of buying is reselling. Look for interesting 
features in home, society that would make it easily 
sell.
Farideh Frouzesh
https://mortgage.rbc.com/farideh.frouzesh
First-time Home Buyer Ric
hmond Hill
Buying your first home in the Richmond Hill and surrounding regions of 
Ontario can be an exciting. But you may face some unwanted problems as 
a First-time home buyer. But when you meet Farideh Frouzesh, all hassle 
will be removed and you can get into your new home.
Farideh Frouzesh
https://mortgage.rbc.com/farideh.frouzesh