What If You Could Buy Sooner Than You Think?

Date Posted: July 16, 2025

 

 

 

 

What If You Could Buy Sooner Than You Think?

If you’ve been sitting on the sidelines, waiting for the “perfect time” to buy a home — you’re not alone. Many would-be buyers are holding off, thinking they need a massive down payment, flawless credit, or better market conditions. But what if the reality is... you might already be closer than you think?

At Mortgage Brokers Ottawa, we’ve helped hundreds of clients who thought they weren’t ready — and were pleasantly surprised to learn they actually had more options than expected. Here's why:

 

 

💡 Creative Ways People Are Getting Into Homes Sooner

1. Gifted Down Payments

Parents and grandparents are increasingly gifting part or all of a down payment to help the next generation get into the market. It doesn’t need to be a huge amount to make a difference.

2. Using RRSPs Through the Home Buyers’ Plan

You can withdraw up to $60,000 tax-free from your RRSP to put toward your first home — and many people don’t realize how powerful this can be.

3. Co-signers or Guarantors

If your income or credit needs a boost, a trusted family member can co-sign the mortgage to help you qualify.

4. Alternative Lenders

If a traditional bank says no, we have access to dozens of alternative lenders who offer flexible solutions based on your overall situation — not just your credit score.

 

 

🧠 “I Thought I Needed 20% Down...”

Nope! You can buy a home with as little as 5% down (on homes under $500,000), and we’ll help you understand all the ins and outs of insured mortgages, CMHC fees, and your monthly costs.

 

 

🛠️ Let Us Build Your Plan

Even if you're not ready to buy today, our team can help map out a clear plan for when you are. Whether it takes two months or two years, having a strategy gives you a huge head start — and peace of mind.

 

 

💬 The Bottom Line

You don’t need to navigate this alone. As mortgage brokers, we’re here to guide you through every step — from planning to approval to move-in day. We shop the market on your behalf, help you understand your budget, and ensure you’re not missing out on opportunities.

And the best part? In most cases, using our services costs you nothing.

 

 

📩 Let’s chat. If you’re wondering whether now’s the right time — or how close you actually are — reach out to Mortgage Brokers Ottawa. You might be more ready than you think.