Charron Solutions Inc. o/a Chief Lending · FSRA Brokerage Licence #13806 (416) 910-4214 info@chieflending.ca

Buying a Home

From pre-approval to closing day, we find the right mortgage for your purchase — and explain every step along the way.

Your purchase, simplified

Buy with confidence, not guesswork

Buying a home is the biggest financial decision most of us make. As independent mortgage agents, we compare offers from major banks, credit unions and specialty lenders to find the rate, term and features that match your plans. You don’t pay us a fee on most mortgages.

  • Pre-approval with a rate hold of up to 120 days
  • Guidance on down payment, closing costs and government programs
  • Review of your offer’s financing condition
  • Coordination with your realtor, lawyer and lender through closing

Get Pre-Approved How much can I afford?

Buying at a glance

Minimum down payment
5%
Closing costs to budget
1.5%–4%
Max insured amortization
30 yrs*
Rate hold
up to 120 days

*For first-time buyers and new builds. 25 years otherwise for insured mortgages.

The home-buying journey

Six steps to your new keys

  1. Check your budget

    Use our approval calculator to see what lenders will allow based on your income, debts and down payment.

  2. Get pre-approved

    We review your credit, income and savings and lock in a rate so you can shop with a firm number.

  3. Find the home

    Work with your realtor. Include a financing condition (typically 5 business days) in your offer.

  4. Firm up financing

    We submit your file and documents to the lender, arrange the appraisal and secure the approval.

  5. Meet your lawyer

    Your real estate lawyer does the title search, registers the mortgage and receives your closing funds.

  6. Closing day

    Funds are transferred, the deed is registered and you pick up your keys.

Explore

Resources for buyers

First-time home buyers

FHSA, Home Buyers’ Plan, land transfer tax rebates and 30-year amortizations.

Read guide →

True cost of buying in Ontario

Down payment requirements plus every closing cost, in one calculator.

Calculate →

Mortgage pre-approval

What it is, what it isn’t, and the documents you’ll need.

Learn more →

Frequently asked questions

Should I choose a fixed or variable rate?

A fixed rate keeps your payment the same for the whole term. That suits budgets that need certainty. A variable rate moves with the lender’s prime rate and has historically cost less over time, with smaller penalties to break. We’ll walk you through both based on your plans.

What credit score do I need?

Most prime lenders look for a score of 680+ for insured mortgages, with at least one borrower at 600+. Alternative lenders can help if your credit is rebuilding.

How long does a pre-approval last?

Rate holds typically last 90–120 days depending on the lender. If rates drop during that time, you get the lower rate.

Can I buy with a gifted down payment?

Yes. Gifts from immediate family are accepted by most lenders with a signed gift letter and proof the funds are in your account before closing.

Ready to start your mortgage journey?

Get pre-approved in as little as 24 hours. No cost, no obligation.

Apply Online Book a Call