First-time homebuyers

First-time homebuyers - La Capitale – header

Contact us now to secure your mortgage rate

1 866 227-2606

8:30 a.m. to 5:00 p.m. Monday to Friday

Email us

Promotional mortgage
rates for new clients

See all mortgage rates

3.74%

57-month closed
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3.79%

5-year closed
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Buying your first home is a serious decision! But from the moment the idea is born to the first turn of the key, there are quite a few steps you need to take.

La Capitale’s team of seasoned professionals will guide you every step of the way so that you can make an informed investment, by taking into account all the financial implications of homeownership.

Whether you’re looking to finance your home or to meet your insurance needs, we’ll be able to offer you sound advice.

Buying your first home is a serious decision. From the moment the idea is born to the the first turn of the key, there are quite a few steps you need to take.

Identify your needs

Before beginning your house hunt, you need to clearly identify your needs.

Complete the "House Feature Checklist" (PDF - 10 KB).

Assess your financial means using our tools

Mortgage
payments

Compare rates and amortization to know the amount of your mortgage payments and your balance.
 

Calculate

How much can I
afford to borrow?

Buying a home is often the biggest investment you will ever make. Before rushing in, assess your financial situation.

Calculate

Financial
objectives

The future is built on hopes and dreams. What are your dreams and when will they come true?
 

Calculate

Monthly budget
calculator

Determine how much of your monthly budget is available for mortgage payments and other related expenses.

Calculate

Put together a down payment

Many people will tell you that your down payment has to be at least 20%. Think again!

You can make a down payment as low as 5% of the price you pay for the home (5% for a duplex and 10% for a triplex). However, if your down payment is less than 20%, your mortgage loan must be insured by the Canada Mortgage and Housing Corporation (CMHC), which will incur some fees.


As a first-time homebuyer, you can use your
RRSP towards your down payment
 

Find out more about the HBP
(Home Buyers' Plan)

Inspect your future home

While we recommend that you have the final inspection done by a professional, you can do an initial inspection yourself using our Home Hunting Worksheet. (PDF - 33 KB).

Choose your mortgage

Fixed rate mortgages

Simplify your budget planning process by knowing ahead of time the amount of your mortgage payments.

Learn more

Variable rate mortgages

Save as much as you can on your mortgage by adjusting your interest rate every 3 or 12 months for the next five years.

Learn more

Chameleon integrated financing

Use the equity in your home to meet all your financing needs with a line of credit.

Learn more

Quebec public service employees:

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Take advantage of our First Home package:

• Home insurance that's FREE for 1 year

   AND

• Attractive mortgage rate

 

Find out more

Remember to factor in start-up fees

Whether you're buying a new home, an existing home or a condo, you need to factor in certain expenses in addition to your mortgage payments.

Protect your investment

Once you become a homeowner, insuring your investment from unforeseen events will be important.  Listed below are the insurance products that you should take out after you purchase a home.

Mortgage loan
insurance

To help you or your spouse pay off your mortgage in the event of death.

Find out more

Life insurance

To help you or your spouse pay off fees or debts incurred for the purchase of a home.

Find out more

Disability
insurance

To help you pay off your mortgage and other expenses if you are disabled.

Find out more

Home
insurance

To insure your home and personal property in the event of a loss.

Find out more

Promotional mortgage
rates for new clients

3.74%

57-month closed
barre-03.jpg

3.79%

5-year closed
barre-03.jpg

1 866 227-2606

8:30 a.m. to 5:00 p.m. Monday to Friday
Email us

See all mortgage rates