10/27/2026
Here's some good advice when you may be house-hunting at the top of your budget... from a mortgage broker I know (thanks, David!) Sharing this story and graphic with his permission.
Picture this: Your clients finally get the keys to their first home, they walk through the front door... and then they realize they can't even afford a couch to sit on.
That was almost the reality for my recent clients, first-time buyers Kyle and Samantha.
The Situation: Like many first-time buyers, their first instinct was to go directly to their home bank. The bank did its job and pre-approved them, but offered only one rigid path. After leaving the branch and doing their own math, the couple realized the bank's solution meant draining every last dollar of their savings and investments just to cover the down payment and closing costs.
The Pivot: Feeling stuck, a family member recommended they reach out to me for a second opinion. Because I’m not tied to a single bank's limited menu of products, I was able to look at their entire financial picture and offer a customized solution the retail branch simply didn't have access to.
The Strategy: I advised them to pivot away from their bank. Instead, I placed them with one of our preferred lenders offering a 3% cash-back mortgage.
On their $575,000 mortgage, that meant $17,250 deposited directly into their account on closing day.
The Result: Instead of moving in completely "house poor" or maxing out credit cards at 20% interest just to buy furniture, they used that cash back to get a couch, a kitchen table, and some paint to really make the place their own. Best of all, they were still able to tuck a few thousand dollars away for an emergency fund.
If you have any clients who are uneasy about purchasing in this market, or who are looking to move into their new home without using every last dollar to their name, this program might be a great solution for them.
David Holton - Mortgage Agent Level 2
Meta Mortgage Group Dominion Lending Centres #12982
License No. M18000883
Direct: 905 466 4703
[email protected]
