A down payment is only one part of preparing for a first home. It also helps to understand how the mortgage stress test relates to an application and what monthly payments could mean for household cash flow.
In this short, Guaranti Group mortgage broker Devinder Dhaliwal introduces questions first-time buyers can bring to an early financing conversation. Available options and loan terms depend on each household’s circumstances and the lender’s review.
The video is in English with Simplified Chinese and English subtitles.
Originally published on Guaranti’s YouTube channel.