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First Time Home Buyers

Let’s face it – purchasing a house for the first time can be an exciting but equally stressful time. In Fort McMurray where the average house sells for over $500,000, buying a home can be a time of confusion and doubt while trying to figure out how to pull off this large transaction. There are a number of things to consider when thinking about purchasing your first home: ➢ What type of home are you looking for? Duplexes, bungalows and condos make good first time purchases due to their price ➢ Do you have a large enough down payment? Typically lenders will require at least 5% down payment on a property up to $500,000, with any portion exceeding this amount requiring 10% down ➢ Have you est

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